Microsoft Corporation (NASDAQ:MSFT) is International Assets Investment Management LLC's 10th Largest Position

International Assets Investment Management LLC trimmed its position in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) by 0.6% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 91,142 shares of the software giant's stock after selling 515 shares during the quarter. Microsoft accounts for approximately 1.0% of International Assets Investment Management LLC's investment portfolio, making the stock its 10th largest position. International Assets Investment Management LLC's holdings in Microsoft were worth $34,214,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Ball & Co Wealth Management Inc. purchased a new stake in shares of Microsoft during the fourth quarter valued at $31,000. Newton One Investments LLC boosted its stake in shares of Microsoft by 66.7% during the first quarter. Newton One Investments LLC now owns 75 shares of the software giant's stock valued at $28,000 after purchasing an additional 30 shares during the period. LSV Asset Management purchased a new stake in shares of Microsoft during the fourth quarter valued at $44,000. Fairway Wealth LLC purchased a new stake in Microsoft in the fourth quarter worth about $62,000. Finally, IFS Advisors LLC lifted its stake in Microsoft by 50.0% in the first quarter. IFS Advisors LLC now owns 150 shares of the software giant's stock worth $57,000 after acquiring an additional 50 shares during the period. 71.13% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, EVP Kathleen T. Hogan sold 21,500 shares of the stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $453.77, for a total transaction of $9,756,055.00. Following the transaction, the executive vice president owned 134,888 shares in the company, valued at $61,208,127.76. This trade represents a 13.75% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Judson Althoff sold 16,000 shares of the stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $458.18, for a total value of $7,330,880.00. Following the transaction, the executive vice president owned 98,010 shares in the company, valued at $44,906,221.80. This trade represents a 14.03% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 54,743 shares of company stock worth $24,921,913. Corporate insiders own 0.03% of the company's stock.

Microsoft Trading Down 1.8%

Microsoft stock opened at $524.11 on Monday. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.12. Microsoft Corporation has a 12 month low of $344.79 and a 12 month high of $555.45. The stock's 50 day simple moving average is $489.94 and its two-hundred day simple moving average is $435.01. The firm has a market cap of $3.90 trillion, a PE ratio of 38.42, a P/E/G ratio of 2.31 and a beta of 1.06.

Microsoft (NASDAQ:MSFT - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The software giant reported $3.65 EPS for the quarter, topping the consensus estimate of $3.35 by $0.30. Microsoft had a return on equity of 32.44% and a net margin of 36.15%. The business had revenue of $76.44 billion for the quarter, compared to analyst estimates of $73.79 billion. During the same quarter in the prior year, the firm posted $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 earnings per share for the current year.

Microsoft Dividend Announcement

The firm also recently announced 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 dividend on an annualized basis and a dividend yield of 0.6%. Microsoft's dividend payout ratio (DPR) is 24.34%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on MSFT. Wedbush upped their price objective on shares of Microsoft from $600.00 to $625.00 and gave the stock an "outperform" rating in a research note on Thursday. Bank of America upped their price objective on shares of Microsoft from $585.00 to $640.00 and gave the stock a "buy" rating in a research note on Thursday. Wall Street Zen raised shares of Microsoft from a "hold" rating to a "buy" rating in a research note on Saturday. Evercore ISI upped their price objective on shares of Microsoft from $515.00 to $545.00 and gave the stock an "outperform" rating in a research note on Friday, July 25th. Finally, Needham & Company LLC reaffirmed a "buy" rating on shares of Microsoft in a research note on Thursday, May 1st. Two analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $609.86.

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.

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.