Rheos Capital Works Inc. reduced its holdings in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) by 37.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 102,300 shares of the software giant's stock after selling 60,000 shares during the period. Microsoft comprises approximately 3.1% of Rheos Capital Works Inc.'s portfolio, making the stock its 9th biggest holding. Rheos Capital Works Inc.'s holdings in Microsoft were worth $38,402,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. WFA Asset Management Corp grew its stake in shares of Microsoft by 27.0% in the first quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant's stock worth $427,000 after purchasing an additional 216 shares during the last quarter. Ironwood Wealth Management LLC. grew its stake in Microsoft by 0.3% in the second quarter. Ironwood Wealth Management LLC. now owns 12,658 shares of the software giant's stock worth $5,658,000 after purchasing an additional 38 shares during the period. Discipline Wealth Solutions LLC raised its holdings in Microsoft by 410.4% in the third quarter. Discipline Wealth Solutions LLC now owns 2,659 shares of the software giant's stock worth $1,144,000 after purchasing an additional 2,138 shares in the last quarter. Wealth Group Ltd. lifted its position in Microsoft by 1.2% during the fourth quarter. Wealth Group Ltd. now owns 2,374 shares of the software giant's stock valued at $1,000,000 after buying an additional 28 shares during the period. Finally, Tallon Kerry Patrick bought a new stake in shares of Microsoft during the 4th quarter valued at $1,375,000. Hedge funds and other institutional investors own 71.13% of the company's stock.
Insider Activity
In other news, EVP Judson Althoff sold 16,000 shares of Microsoft stock in a transaction on Monday, May 19th. The stock was sold at an average price of $458.18, for a total transaction of $7,330,880.00. Following the completion of the sale, the executive vice president directly owned 98,010 shares in the company, valued at approximately $44,906,221.80. This trade represents a 14.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Amy Coleman sold 13,243 shares of the business's 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 sale, the executive vice president directly owned 43,100 shares of the company's stock, valued at $19,481,631. This represents a 23.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 135,743 shares of company stock valued at $60,224,683. 0.03% of the stock is currently owned by corporate insiders.
Wall Street Analysts Forecast Growth
Several brokerages recently issued reports on MSFT. The Goldman Sachs Group increased their price target on shares of Microsoft from $480.00 to $550.00 and gave the stock a "buy" rating in a research note on Wednesday, May 21st. Tigress Financial raised their target price on shares of Microsoft from $550.00 to $595.00 and gave the company a "buy" rating in a research note on Thursday, March 20th. BMO Capital Markets boosted their price objective on shares of Microsoft from $485.00 to $550.00 and gave the company an "outperform" rating in a report on Thursday. Cantor Fitzgerald raised their target price on shares of Microsoft from $502.00 to $512.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st. Finally, KeyCorp reiterated a "sector weight" rating on shares of Microsoft in a research note on Thursday, April 17th. Four analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $534.14.
Read Our Latest Analysis on MSFT
Microsoft Price Performance
Shares of Microsoft stock traded down $2.03 during trading hours on Thursday, reaching $501.48. The company's stock had a trading volume of 16,466,043 shares, compared to its average volume of 21,666,022. The firm has a 50 day moving average price of $467.76 and a 200-day moving average price of $424.96. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.37 and a quick ratio of 1.36. The stock has a market cap of $3.73 trillion, a P/E ratio of 38.75, a P/E/G ratio of 2.25 and a beta of 1.04. Microsoft Corporation has a one year low of $344.79 and a one year high of $506.78.
Microsoft (NASDAQ:MSFT - Get Free Report) last issued its quarterly earnings data 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. The company had revenue of $70.07 billion for the quarter, compared to analysts' expectations of $68.54 billion. Microsoft had a return on equity of 32.74% and a net margin of 35.79%. The firm's revenue for the quarter was up 13.3% on a year-over-year basis. During the same period in the previous year, the firm posted $2.94 earnings per share. On average, analysts predict that Microsoft Corporation will post 13.08 EPS for the current year.
Microsoft Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Thursday, August 21st will be paid a $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 0.66%. The ex-dividend date of this dividend is Thursday, August 21st. Microsoft's payout ratio is currently 25.66%.
About Microsoft
(
Free Report)
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.
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