Aljian Capital Management LLC Has $14.46 Million Position in Microsoft Corporation (NASDAQ:MSFT)

Aljian Capital Management LLC increased its holdings in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) by 3.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 38,506 shares of the software giant's stock after buying an additional 1,120 shares during the period. Microsoft comprises approximately 3.4% of Aljian Capital Management LLC's portfolio, making the stock its 6th largest position. Aljian Capital Management LLC's holdings in Microsoft were worth $14,455,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Newton One Investments LLC increased its stake in shares of Microsoft by 66.7% in the 1st quarter. Newton One Investments LLC now owns 75 shares of the software giant's stock valued at $28,000 after acquiring an additional 30 shares in the last quarter. Ball & Co Wealth Management Inc. bought a new stake in shares of Microsoft in the 4th quarter valued at $31,000. LSV Asset Management bought a new stake in shares of Microsoft in the 4th quarter valued at $44,000. IFS Advisors LLC increased its stake in shares of Microsoft by 50.0% in the 1st quarter. IFS Advisors LLC now owns 150 shares of the software giant's stock valued at $57,000 after acquiring an additional 50 shares in the last quarter. Finally, Fairway Wealth LLC bought a new stake in shares of Microsoft in the 4th quarter valued at $62,000. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Takeshi Numoto sold 3,000 shares of the firm's stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $463.00, for a total value of $1,389,000.00. Following the completion of the sale, the executive vice president owned 43,930 shares of the company's stock, valued at $20,339,590. This trade represents a 6.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available 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 completion of the sale, the executive vice president directly owned 43,100 shares of the company's stock, 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 three months, insiders sold 54,743 shares of company stock worth $24,921,913. 0.03% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have commented on MSFT shares. JPMorgan Chase & Co. boosted their price target on shares of Microsoft from $465.00 to $475.00 and gave the company an "overweight" rating in a research note on Thursday, May 1st. Loop Capital boosted their price target on shares of Microsoft from $550.00 to $600.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. BMO Capital Markets lifted their price objective on shares of Microsoft from $550.00 to $650.00 and gave the stock an "outperform" rating in a report on Thursday, July 31st. Wall Street Zen raised shares of Microsoft from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Finally, DA Davidson lifted their price objective on shares of Microsoft from $600.00 to $650.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Two 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, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $609.86.

Microsoft Price Performance

Shares of MSFT traded down $9.32 during midday trading on Wednesday, hitting $519.92. 12,415,974 shares of the company traded hands, compared to its average volume of 22,236,322. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.35 and a quick ratio of 1.35. The stock has a 50-day moving average of $499.37 and a 200-day moving average of $439.35. The firm has a market cap of $3.86 trillion, a P/E ratio of 38.11, a PEG ratio of 2.28 and a beta of 1.06. Microsoft Corporation has a one year low of $344.79 and a one year high of $555.45.

Microsoft (NASDAQ:MSFT - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The software giant reported $3.65 earnings per share for the quarter, topping 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 company had revenue of $76.44 billion for the quarter, compared to analysts' expectations of $73.79 billion. During the same period in the prior year, the business earned $2.95 earnings per share. Microsoft's revenue for the quarter was up 18.1% compared to the same quarter last year. As a group, sell-side analysts predict 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 paid a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Thursday, August 21st. Microsoft's dividend payout ratio is 24.34%.

Microsoft Company 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.