Koesten Hirschmann & Crabtree INC. Sells 1,668 Shares of Microsoft Corporation (NASDAQ:MSFT)

Koesten Hirschmann & Crabtree INC. lessened its holdings in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) by 76.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 509 shares of the software giant's stock after selling 1,668 shares during the period. Koesten Hirschmann & Crabtree INC.'s holdings in Microsoft were worth $191,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of MSFT. Archford Capital Strategies LLC raised its holdings in Microsoft by 16.9% during the first quarter. Archford Capital Strategies LLC now owns 56,680 shares of the software giant's stock worth $21,277,000 after acquiring an additional 8,199 shares in the last quarter. TABR Capital Management LLC raised its stake in shares of Microsoft by 5.6% during the 1st quarter. TABR Capital Management LLC now owns 791 shares of the software giant's stock worth $297,000 after purchasing an additional 42 shares in the last quarter. Financial Enhancement Group LLC raised its stake in shares of Microsoft by 8.5% during the 1st quarter. Financial Enhancement Group LLC now owns 2,853 shares of the software giant's stock worth $1,046,000 after purchasing an additional 223 shares in the last quarter. Strategic Investment Advisors MI raised its stake in shares of Microsoft by 1.3% during the 1st quarter. Strategic Investment Advisors MI now owns 35,679 shares of the software giant's stock worth $13,394,000 after purchasing an additional 458 shares in the last quarter. Finally, Moran Wealth Management LLC raised its stake in shares of Microsoft by 3.6% during the 1st quarter. Moran Wealth Management LLC now owns 110,305 shares of the software giant's stock worth $41,407,000 after purchasing an additional 3,789 shares in the last quarter. Institutional investors own 71.13% of the company's stock.

Analyst Ratings Changes

MSFT has been the topic of a number of analyst reports. UBS Group reiterated a "buy" rating and set a $650.00 price objective (up previously from $600.00) on shares of Microsoft in a research note on Thursday, July 31st. TD Securities raised their price target on Microsoft from $475.00 to $490.00 and gave the company a "buy" rating in a report on Thursday, May 1st. Westpark Capital reaffirmed a "hold" rating on shares of Microsoft in a research report on Thursday, July 31st. Citigroup lifted their price objective on shares of Microsoft from $605.00 to $613.00 and gave the stock a "buy" rating in a research report on Tuesday, July 22nd. Finally, Scotiabank lifted their price objective on shares of Microsoft from $500.00 to $650.00 and gave the stock a "sector outperform" rating in a research report on Thursday, July 31st. Two investment analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $609.86.

Microsoft Trading Down 0.5%

Microsoft stock traded down $2.81 during trading hours on Wednesday, hitting $524.94. The stock had a trading volume of 21,298,640 shares, compared to its average volume of 22,431,307. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.12. The stock has a market cap of $3.90 trillion, a price-to-earnings ratio of 38.49, a P/E/G ratio of 2.34 and a beta of 1.06. Microsoft Corporation has a one year low of $344.79 and a one year high of $555.45. The business's 50 day simple moving average is $492.99 and its 200-day simple moving average is $436.40.

Microsoft (NASDAQ:MSFT - Get Free Report) last posted its earnings results on Wednesday, July 30th. The software giant reported $3.65 EPS for the quarter, beating the consensus estimate of $3.35 by $0.30. The firm had revenue of $76.44 billion during the quarter, compared to the consensus estimate of $73.79 billion. Microsoft had a return on equity of 32.44% and a net margin of 36.15%. The business's quarterly revenue was up 18.1% on a year-over-year basis. During the same period last year, the company earned $2.95 earnings per share. On average, equities analysts predict that Microsoft Corporation will post 13.08 EPS for the current fiscal year.

Microsoft Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Thursday, August 21st will be given a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Thursday, August 21st. Microsoft's dividend payout ratio (DPR) is 24.34%.

Insider Buying and Selling

In other news, EVP Judson Althoff sold 16,000 shares of the firm's stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $458.18, for a total transaction of $7,330,880.00. Following the completion of the transaction, the executive vice president directly owned 98,010 shares in the company, valued at $44,906,221.80. This trade represents a 14.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Kathleen T. Hogan sold 21,500 shares of the firm's stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $453.77, for a total value of $9,756,055.00. Following the transaction, the executive vice president owned 134,888 shares of the company's stock, valued at $61,208,127.76. This trade represents a 13.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 54,743 shares of company stock valued at $24,921,913 over the last three months. 0.03% of the stock is owned by insiders.

Microsoft Profile

Microsoft Corporation develops and supports software, services, devices and solutions worldwide. The Productivity and Business Processes segment offers office, exchange, SharePoint, Microsoft Teams, office 365 Security and Compliance, Microsoft viva, and Microsoft 365 copilot; and office consumer services, such as Microsoft 365 consumer subscriptions, Office licensed on-premises, and other office services.