Microsoft Corporation (NASDAQ:MSFT) Stock Holdings Cut by Summerhill Capital Management lnc.

Key Points

• Summerhill Capital Management Inc. has reduced its stake in Microsoft by 40.4%, making it the firm's 7th largest position.
• Microsoft reported a quarterly earnings per share of $3.65, exceeding analyst expectations and marking an 18.1% increase in revenue on a year-over-year basis.
• The company will pay a quarterly dividend of $0.83 per share, resulting in an annualized dividend yield of 0.6%.

Summerhill Capital Management lnc. lowered its position in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) by 40.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,389 shares of the software giant's stock after selling 11,101 shares during the period. Microsoft accounts for about 8.2% of Summerhill Capital Management lnc.'s holdings, making the stock its 7th biggest position. Summerhill Capital Management lnc.'s holdings in Microsoft were worth $6,152,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Global Assets Advisory LLC raised its holdings in Microsoft by 274.7% in the first quarter. Global Assets Advisory LLC now owns 19,011 shares of the software giant's stock worth $7,141,000 after purchasing an additional 13,937 shares in the last quarter. Steph & Co. lifted its position in Microsoft by 6.2% during the 1st quarter. Steph & Co. now owns 1,079 shares of the software giant's stock valued at $405,000 after acquiring an additional 63 shares during the period. Archford Capital Strategies LLC boosted its stake in Microsoft by 16.9% during the first quarter. Archford Capital Strategies LLC now owns 56,680 shares of the software giant's stock worth $21,277,000 after acquiring an additional 8,199 shares in the last quarter. TABR Capital Management LLC grew its holdings in Microsoft by 5.6% in the first quarter. TABR Capital Management LLC now owns 791 shares of the software giant's stock worth $297,000 after purchasing an additional 42 shares during the period. Finally, Financial Enhancement Group LLC lifted its holdings in shares of Microsoft by 8.5% during the first quarter. Financial Enhancement Group LLC now owns 2,853 shares of the software giant's stock valued at $1,046,000 after purchasing an additional 223 shares during the last quarter. Institutional investors own 71.13% of the company's stock.

Insider Activity at Microsoft

In other Microsoft news, EVP Kathleen T. Hogan sold 21,500 shares of the company's stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $453.77, for a total value of $9,756,055.00. Following the completion of the transaction, the executive vice president owned 134,888 shares in the company, valued at approximately $61,208,127.76. This represents a 13.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Amy Coleman sold 13,243 shares of the business's 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 completion of the sale, the executive vice president owned 43,100 shares of the company's stock, valued at $19,481,631. This trade represents a 23.50% decrease in their ownership of the stock. 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. Corporate insiders own 0.03% of the company's stock.

Wall Street Analysts Forecast Growth

MSFT has been the subject of a number of analyst reports. Westpark Capital reaffirmed a "hold" rating on shares of Microsoft in a research report on Thursday, July 31st. Morgan Stanley raised their price target on Microsoft from $530.00 to $582.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. Benchmark reiterated a "buy" rating on shares of Microsoft in a research note on Thursday, May 1st. Oppenheimer lifted their target price on shares of Microsoft from $600.00 to $630.00 and gave the stock an "outperform" rating in a report on Thursday, July 31st. Finally, Scotiabank increased their price target on shares of Microsoft from $500.00 to $650.00 and gave the company a "sector outperform" rating in a report on Thursday, July 31st. Two analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $609.86.

Microsoft Price Performance

Shares of Microsoft stock traded down $7.89 during trading on Tuesday, reaching $527.75. 19,134,645 shares of the stock traded hands, compared to its average volume of 19,349,202. 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 company has a market capitalization of $3.92 trillion, a price-to-earnings ratio of 38.69, a P/E/G ratio of 2.34 and a beta of 1.06. Microsoft Corporation has a 52-week low of $344.79 and a 52-week high of $555.45. The business has a fifty day simple moving average of $491.65 and a two-hundred day simple moving average of $435.76.

Microsoft (NASDAQ:MSFT - Get Free Report) last posted 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 net margin of 36.15% and a return on equity of 32.44%. The company had revenue of $76.44 billion during the quarter, compared to analyst estimates of $73.79 billion. During the same period in the previous year, the firm earned $2.95 earnings per share. Microsoft's quarterly revenue was up 18.1% compared to the same quarter last year. Sell-side analysts expect that Microsoft Corporation will post 13.08 EPS for the current year.

Microsoft Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Thursday, August 21st will be issued a $0.83 dividend. The ex-dividend date of this dividend 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 currently 24.34%.

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.