Sierra Summit Advisors LLC Sells 20,618 Shares of Microsoft Co. (NASDAQ:MSFT)

Sierra Summit Advisors LLC lessened its holdings in Microsoft Co. (NASDAQ:MSFT - Free Report) by 82.4% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,392 shares of the software giant's stock after selling 20,618 shares during the period. Sierra Summit Advisors LLC's holdings in Microsoft were worth $1,851,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Fiduciary Advisors Inc. acquired a new stake in Microsoft during the 4th quarter worth approximately $38,000. IFS Advisors LLC raised its stake in shares of Microsoft by 53.8% during the fourth quarter. IFS Advisors LLC now owns 100 shares of the software giant's stock worth $42,000 after purchasing an additional 35 shares during the last quarter. Avondale Wealth Management lifted its holdings in shares of Microsoft by 144.4% during the fourth quarter. Avondale Wealth Management now owns 110 shares of the software giant's stock worth $46,000 after purchasing an additional 65 shares during the period. Fairway Wealth LLC purchased a new position in Microsoft in the 4th quarter valued at $62,000. Finally, Sellwood Investment Partners LLC acquired a new stake in shares of Microsoft in the 4th quarter worth $120,000. 71.13% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on MSFT. BMO Capital Markets reiterated an "outperform" rating on shares of Microsoft in a research note on Wednesday, May 21st. Morgan Stanley reissued an "overweight" rating on shares of Microsoft in a research note on Wednesday, June 4th. Needham & Company LLC reiterated a "buy" rating on shares of Microsoft in a research report on Thursday, May 1st. UBS Group decreased their target price on shares of Microsoft from $510.00 to $480.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Finally, Raymond James boosted their price objective on shares of Microsoft from $480.00 to $490.00 and gave the stock an "outperform" rating in a report on Thursday, May 1st. Four research analysts have rated the stock with a hold rating and thirty have issued a buy rating to the company's stock. According to MarketBeat, Microsoft currently has a consensus rating of "Moderate Buy" and a consensus target price of $513.89.

Insider Activity

In other Microsoft news, EVP Amy Coleman sold 13,243 shares of Microsoft stock in a transaction that occurred on Thursday, May 15th. The shares were 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 owns 43,100 shares in the company, valued at approximately $19,481,631. The trade was a 23.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Bradford L. Smith sold 75,000 shares of the company's stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $436.05, for a total value of $32,703,750.00. Following the sale, the insider now directly owns 476,999 shares of the company's stock, valued at approximately $207,995,413.95. This represents a 13.59% decrease in their ownership of the stock. 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 owned by company insiders.

Microsoft Stock Performance

Microsoft stock traded up $6.25 during mid-day trading on Thursday, hitting $478.87. 18,905,074 shares of the company's stock traded hands, compared to its average volume of 21,507,291. Microsoft Co. has a one year low of $344.79 and a one year high of $480.37. The firm has a 50 day moving average price of $423.22 and a 200 day moving average price of $417.84. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. The company has a market cap of $3.56 trillion, a PE ratio of 38.56, a price-to-earnings-growth ratio of 2.21 and a beta of 1.03.

Microsoft (NASDAQ:MSFT - Get Free Report) last released its quarterly earnings results 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 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 35.43% and a return on equity of 33.36%. Microsoft's revenue was up 13.3% on a year-over-year basis. During the same period in the previous year, the firm earned $2.94 EPS. On average, equities analysts forecast that Microsoft Co. will post 13.08 EPS for the current year.

Microsoft Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Thursday, August 21st will be paid a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date of this dividend is Thursday, August 21st. Microsoft's payout ratio is currently 25.66%.

About Microsoft

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.