Interchange Capital Partners LLC Sells 924 Shares of Microsoft Co. (NASDAQ:MSFT)

Interchange Capital Partners LLC decreased its position in Microsoft Co. (NASDAQ:MSFT - Free Report) by 4.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 19,034 shares of the software giant's stock after selling 924 shares during the period. Microsoft comprises approximately 2.9% of Interchange Capital Partners LLC's holdings, making the stock its 5th largest holding. Interchange Capital Partners LLC's holdings in Microsoft were worth $8,025,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Fiduciary Advisors Inc. bought a new stake in shares of Microsoft in the 4th quarter valued at approximately $38,000. IFS Advisors LLC grew its stake in shares of Microsoft by 53.8% in the 4th quarter. IFS Advisors LLC now owns 100 shares of the software giant's stock valued at $42,000 after purchasing an additional 35 shares during the period. Avondale Wealth Management grew its stake in shares of Microsoft by 144.4% in the 4th quarter. Avondale Wealth Management now owns 110 shares of the software giant's stock valued at $46,000 after purchasing an additional 65 shares during the period. Fairway Wealth LLC bought a new stake in shares of Microsoft in the 4th quarter valued at approximately $62,000. Finally, Kieckhefer Group LLC bought a new stake in shares of Microsoft in the 4th quarter valued at approximately $141,000. Institutional investors and hedge funds own 71.13% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Royal Bank of Canada reissued an "outperform" rating and set a $525.00 price target on shares of Microsoft in a report on Friday, May 23rd. DA Davidson lifted their price target on shares of Microsoft from $450.00 to $500.00 and gave the company a "buy" rating in a report on Thursday, May 1st. Cantor Fitzgerald increased their price target on Microsoft from $502.00 to $512.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st. Benchmark restated a "buy" rating on shares of Microsoft in a research report on Thursday, May 1st. Finally, Raymond James increased their price target on Microsoft from $480.00 to $490.00 and gave the stock an "outperform" rating in a research report on Thursday, May 1st. Four investment analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the company. Based on data from MarketBeat.com, Microsoft currently has a consensus rating of "Moderate Buy" and a consensus price target of $513.13.

Microsoft Trading Up 0.0%

Shares of MSFT stock traded up $0.09 on Friday, reaching $458.77. The company had a trading volume of 34,758,620 shares, compared to its average volume of 21,504,528. The stock has a market cap of $3.41 trillion, a PE ratio of 36.94, a PEG ratio of 2.21 and a beta of 0.99. The company has a 50-day moving average of $409.00 and a 200-day moving average of $415.17. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.13. Microsoft Co. has a 12 month low of $344.79 and a 12 month high of $468.35.

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

Microsoft Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Thursday, May 15th will be paid a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a yield of 0.72%. The ex-dividend date is Thursday, May 15th. Microsoft's payout ratio is presently 25.66%.

Insider Buying and Selling

In related news, insider Bradford L. Smith sold 6,000 shares of the firm's stock in a transaction on Monday, May 5th. The stock was sold at an average price of $433.17, for a total transaction of $2,599,020.00. Following the sale, the insider now owns 471,036 shares of the company's stock, valued at approximately $204,038,664.12. This trade represents a 1.26% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Amy Coleman sold 13,243 shares of the firm's stock in a transaction on 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 sale, the executive vice president now directly owns 43,100 shares in the company, valued at $19,481,631. The trade was a 23.50% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 131,743 shares of company stock valued at $58,375,673. 0.03% of the stock is owned by company 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.