Microsoft Corporation (NASDAQ:MSFT) Holdings Decreased by Balboa Wealth Partners

Balboa Wealth Partners decreased its position in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) by 0.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 54,502 shares of the software giant's stock after selling 509 shares during the period. Microsoft accounts for approximately 4.9% of Balboa Wealth Partners' portfolio, making the stock its 4th biggest position. Balboa Wealth Partners' holdings in Microsoft were worth $20,459,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the company. Fosun International Ltd lifted its position in shares of Microsoft by 0.3% during the 1st quarter. Fosun International Ltd now owns 6,633 shares of the software giant's stock worth $2,490,000 after purchasing an additional 23 shares during the last quarter. Retirement Financial Solutions LLC lifted its position in shares of Microsoft by 2.3% during the 4th quarter. Retirement Financial Solutions LLC now owns 1,050 shares of the software giant's stock worth $443,000 after purchasing an additional 24 shares during the last quarter. Kuhn & Co Investment Counsel lifted its position in shares of Microsoft by 0.8% during the 4th quarter. Kuhn & Co Investment Counsel now owns 3,286 shares of the software giant's stock worth $1,385,000 after purchasing an additional 25 shares during the last quarter. Alliance Wealth Management Group lifted its position in shares of Microsoft by 0.4% during the 4th quarter. Alliance Wealth Management Group now owns 5,617 shares of the software giant's stock worth $2,368,000 after purchasing an additional 25 shares during the last quarter. Finally, Guidance Point Advisors LLC lifted its position in shares of Microsoft by 0.6% during the 4th quarter. Guidance Point Advisors LLC now owns 4,294 shares of the software giant's stock worth $1,811,000 after purchasing an additional 25 shares during the last quarter. Institutional investors and hedge funds own 71.13% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on MSFT. Raymond James Financial boosted their price target on Microsoft from $490.00 to $570.00 and gave the company an "outperform" rating in a research note on Monday, July 28th. Wells Fargo & Company restated an "overweight" rating and set a $650.00 price target (up from $600.00) on shares of Microsoft in a research note on Thursday. Evercore ISI boosted their price target on Microsoft from $515.00 to $545.00 and gave the company an "outperform" rating in a research note on Friday, July 25th. Guggenheim restated a "neutral" rating on shares of Microsoft in a research note on Thursday, May 1st. Finally, TD Cowen boosted their price target on Microsoft from $580.00 to $640.00 and gave the company a "buy" rating in a research note on Thursday. Two research analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $609.86.

Microsoft Stock Down 1.8%

Shares of NASDAQ:MSFT opened at $524.11 on Monday. The firm has a fifty day moving average price of $489.94 and a two-hundred day moving average price of $435.01. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.35 and a quick ratio of 1.35. Microsoft Corporation has a one year low of $344.79 and a one year high of $555.45. The company has a market cap of $3.90 trillion, a price-to-earnings ratio of 38.42, a PEG ratio of 2.31 and a beta of 1.06.

Microsoft (NASDAQ:MSFT - Get Free Report) last announced its quarterly 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. Microsoft had a net margin of 36.15% and a return on equity of 32.44%. The firm had revenue of $76.44 billion during the quarter, compared to the consensus estimate of $73.79 billion. During the same period last year, the firm earned $2.95 EPS. The business's quarterly revenue was up 18.1% compared to the same quarter last year. Analysts anticipate that Microsoft Corporation will post 13.08 EPS for the current fiscal year.

Microsoft Dividend Announcement

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. The ex-dividend date is Thursday, August 21st. This represents a $3.32 annualized dividend and a dividend yield of 0.6%. Microsoft's dividend payout ratio (DPR) is 24.34%.

Insider Activity at Microsoft

In related news, EVP Judson Althoff sold 16,000 shares of the stock in a transaction on Monday, May 19th. The shares were sold at an average price of $458.18, for a total transaction of $7,330,880.00. Following the transaction, the executive vice president owned 98,010 shares of the company's stock, valued at approximately $44,906,221.80. This trade represents a 14.03% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Amy Coleman sold 13,243 shares of the stock in a transaction on 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 directly owned 43,100 shares in the company, valued at approximately $19,481,631. This represents a 23.50% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 54,743 shares of company stock worth $24,921,913. Corporate insiders own 0.03% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.