Microsoft Corporation (NASDAQ:MSFT) Shares Bought by Krilogy Financial LLC

Krilogy Financial LLC lifted its holdings in Microsoft Corporation (NASDAQ:MSFT - Free Report) by 3.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 51,863 shares of the software giant's stock after buying an additional 1,794 shares during the quarter. Microsoft makes up about 1.3% of Krilogy Financial LLC's holdings, making the stock its 25th biggest holding. Krilogy Financial LLC's holdings in Microsoft were worth $19,469,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Norges Bank purchased a new stake in Microsoft during the 4th quarter valued at about $44,343,058,000. GAMMA Investing LLC grew its position in Microsoft by 40,290.4% during the 1st quarter. GAMMA Investing LLC now owns 46,695,303 shares of the software giant's stock valued at $17,528,950,000 after purchasing an additional 46,579,693 shares during the last quarter. Proficio Capital Partners LLC boosted its holdings in shares of Microsoft by 34,643.3% during the 4th quarter. Proficio Capital Partners LLC now owns 16,837,278 shares of the software giant's stock valued at $7,096,913,000 after acquiring an additional 16,788,816 shares during the last quarter. Northern Trust Corp boosted its holdings in shares of Microsoft by 16.1% during the 4th quarter. Northern Trust Corp now owns 83,787,746 shares of the software giant's stock valued at $35,316,535,000 after acquiring an additional 11,600,470 shares during the last quarter. Finally, Vanguard Group Inc. boosted its holdings in shares of Microsoft by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 684,071,705 shares of the software giant's stock valued at $288,336,224,000 after acquiring an additional 10,431,988 shares during the last quarter. 71.13% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Microsoft

In other Microsoft news, EVP Amy Coleman sold 13,243 shares of the firm's stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $452.01, for a total transaction of $5,985,968.43. Following the transaction, the executive vice president owned 43,100 shares of the company's stock, valued at approximately $19,481,631. This trade represents a 23.50% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Kathleen T. Hogan sold 21,500 shares of the firm's stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $453.77, for a total transaction of $9,756,055.00. Following the transaction, the executive vice president directly owned 134,888 shares in the company, valued at $61,208,127.76. This trade represents a 13.75% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 135,743 shares of company stock worth $60,224,683. 0.03% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on MSFT shares. Oppenheimer raised shares of Microsoft from a "market perform" rating to an "outperform" rating and set a $600.00 price target on the stock in a report on Wednesday, July 9th. The Goldman Sachs Group raised their price target on shares of Microsoft from $480.00 to $550.00 and gave the company a "buy" rating in a report on Wednesday, May 21st. Jefferies Financial Group raised their price target on shares of Microsoft from $475.00 to $550.00 and gave the company a "buy" rating in a report on Thursday, May 1st. Raymond James Financial raised their price target on shares of Microsoft from $480.00 to $490.00 and gave the company an "outperform" rating in a report on Thursday, May 1st. Finally, Bank of America increased their price objective on shares of Microsoft from $515.00 to $585.00 and gave the stock a "buy" rating in a research note on Friday. Four equities research analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $541.79.

Microsoft Trading Down 0.3%

Shares of MSFT traded down $1.65 during midday trading on Friday, hitting $510.05. The stock had a trading volume of 21,075,124 shares, compared to its average volume of 21,610,163. Microsoft Corporation has a 1 year low of $344.79 and a 1 year high of $515.46. The firm has a market cap of $3.79 trillion, a PE ratio of 39.42, a price-to-earnings-growth ratio of 2.30 and a beta of 1.04. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.37 and a quick ratio of 1.36. The stock's 50 day moving average is $476.35 and its 200 day moving average is $427.88.

Microsoft (NASDAQ:MSFT - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The software giant reported $3.46 EPS for the quarter, topping the consensus estimate of $3.22 by $0.24. The company had revenue of $70.07 billion for the quarter, compared to the consensus estimate of $68.54 billion. Microsoft had a net margin of 35.79% and a return on equity of 32.74%. The firm's revenue was up 13.3% compared to the same quarter last year. During the same quarter last year, the firm posted $2.94 EPS. As a group, analysts forecast that Microsoft Corporation will post 13.08 EPS for the current fiscal year.

Microsoft Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Thursday, August 21st will be paid a $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 0.65%. The ex-dividend date of this dividend is Thursday, August 21st. Microsoft's dividend payout ratio is presently 25.66%.

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.