Fox Run Management L.L.C. Sells 932 Shares of Microsoft Co. (NASDAQ:MSFT)

Fox Run Management L.L.C. trimmed its position in Microsoft Co. (NASDAQ:MSFT - Free Report) by 27.6% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,439 shares of the software giant's stock after selling 932 shares during the period. Fox Run Management L.L.C.'s holdings in Microsoft were worth $1,028,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Geode Capital Management LLC lifted its position in shares of Microsoft by 2.0% in the 3rd quarter. Geode Capital Management LLC now owns 165,024,812 shares of the software giant's stock worth $70,790,682,000 after buying an additional 3,264,648 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Microsoft by 4.1% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 54,590,791 shares of the software giant's stock worth $23,490,417,000 after acquiring an additional 2,125,030 shares during the period. Charles Schwab Investment Management Inc. raised its stake in Microsoft by 3.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 49,052,704 shares of the software giant's stock worth $20,675,715,000 after acquiring an additional 1,823,579 shares during the period. Franklin Resources Inc. lifted its holdings in Microsoft by 1.1% in the third quarter. Franklin Resources Inc. now owns 38,420,657 shares of the software giant's stock worth $16,104,959,000 after acquiring an additional 406,940 shares during the last quarter. Finally, Fisher Asset Management LLC boosted its stake in Microsoft by 1.2% in the fourth quarter. Fisher Asset Management LLC now owns 28,228,502 shares of the software giant's stock valued at $11,898,314,000 after acquiring an additional 324,052 shares during the period. 71.13% of the stock is owned by institutional investors.

Insider Activity at Microsoft

In other Microsoft news, EVP Amy Coleman sold 13,243 shares of the company's stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $452.01, for a total value of $5,985,968.43. Following the transaction, the executive vice president now directly owns 43,100 shares of the company's stock, valued at $19,481,631. This represents a 23.50% decrease in their position. The sale 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 business's stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $453.77, for a total value of $9,756,055.00. Following the completion of the sale, the executive vice president now directly owns 134,888 shares of the company's stock, valued at approximately $61,208,127.76. The trade was a 13.75% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 131,743 shares of company stock valued at $58,375,673. Company insiders own 0.03% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on MSFT. The Goldman Sachs Group raised their price target on Microsoft from $480.00 to $550.00 and gave the stock a "buy" rating in a report on Wednesday, May 21st. BMO Capital Markets reiterated an "outperform" rating on shares of Microsoft in a research note on Wednesday, May 21st. Evercore ISI set a $515.00 price target on shares of Microsoft and gave the stock an "outperform" rating in a research report on Wednesday, May 21st. Citigroup increased their price objective on shares of Microsoft from $480.00 to $540.00 and gave the stock a "buy" rating in a report on Thursday, May 15th. Finally, Wedbush reissued an "outperform" rating on shares of Microsoft in a research note on Wednesday, May 21st. Four analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $513.13.

Microsoft Trading Up 0.0%

Shares of NASDAQ MSFT traded up $0.09 during mid-day trading on Friday, hitting $458.77. 34,758,620 shares of the company traded hands, compared to its average volume of 21,610,607. The business has a 50 day moving average of $407.73 and a two-hundred day moving average of $414.89. The stock has a market capitalization of $3.41 trillion, a price-to-earnings ratio of 36.94, a PEG ratio of 2.21 and a beta of 0.99. Microsoft Co. has a 1 year low of $344.79 and a 1 year high of $468.35. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 0.13.

Microsoft (NASDAQ:MSFT - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The software giant reported $3.46 EPS for the quarter, topping analysts' consensus estimates of $3.22 by $0.24. The firm had revenue of $70.07 billion during the quarter, compared to analyst estimates of $68.54 billion. Microsoft had a net margin of 35.43% and a return on equity of 33.36%. The company's revenue was up 13.3% on a year-over-year basis. During the same quarter last year, the business posted $2.94 EPS. On average, sell-side analysts anticipate that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 15th will be issued a dividend of $0.83 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.72%. Microsoft's dividend payout ratio is 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.