Microsoft Corporation (NASDAQ:MSFT) is Tran Capital Management L.P.'s 3rd Largest Position

Tran Capital Management L.P. lessened its stake in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) by 7.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 134,639 shares of the software giant's stock after selling 10,574 shares during the quarter. Microsoft accounts for about 6.8% of Tran Capital Management L.P.'s holdings, making the stock its 3rd biggest holding. Tran Capital Management L.P.'s holdings in Microsoft were worth $50,542,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently bought and sold shares of the stock. Adamsbrown Wealth Consultants LLC boosted its stake in shares of Microsoft by 2.2% in the fourth quarter. Adamsbrown Wealth Consultants LLC now owns 5,967 shares of the software giant's stock valued at $2,515,000 after purchasing an additional 130 shares during the period. Mcdaniel Terry & Co. boosted its stake in shares of Microsoft by 6.1% in the fourth quarter. Mcdaniel Terry & Co. now owns 315,594 shares of the software giant's stock valued at $133,023,000 after purchasing an additional 18,052 shares during the period. 1900 Wealth Management LLC boosted its stake in shares of Microsoft by 3.0% in the fourth quarter. 1900 Wealth Management LLC now owns 10,140 shares of the software giant's stock valued at $4,274,000 after purchasing an additional 294 shares during the period. Strategic Financial Services Inc. boosted its stake in shares of Microsoft by 7.8% in the fourth quarter. Strategic Financial Services Inc. now owns 17,426 shares of the software giant's stock valued at $7,345,000 after purchasing an additional 1,268 shares during the period. Finally, Elevate Wealth Advisory Inc. boosted its stake in shares of Microsoft by 147.9% in the fourth quarter. Elevate Wealth Advisory Inc. now owns 1,748 shares of the software giant's stock valued at $737,000 after purchasing an additional 1,043 shares during the period. Hedge funds and other institutional investors own 71.13% of the company's stock.

Insiders Place Their Bets

In other news, insider Bradford L. Smith sold 75,000 shares of Microsoft stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $436.05, for a total value of $32,703,750.00. Following the transaction, the insider directly owned 476,999 shares of the company's stock, valued at $207,995,413.95. The trade was a 13.59% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Judson Althoff sold 16,000 shares of Microsoft 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 completion of the transaction, the executive vice president directly owned 98,010 shares in the company, valued at $44,906,221.80. The trade was a 14.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 135,743 shares of company stock worth $60,224,683. Corporate insiders own 0.03% of the company's stock.

Microsoft Stock Up 0.4%

MSFT stock opened at $503.32 on Monday. The company has a current ratio of 1.37, a quick ratio of 1.36 and a debt-to-equity ratio of 0.12. Microsoft Corporation has a twelve month low of $344.79 and a twelve month high of $506.78. The company's 50 day moving average is $470.64 and its two-hundred day moving average is $425.67. The stock has a market cap of $3.74 trillion, a P/E ratio of 38.90, a PEG ratio of 2.28 and a beta of 1.04.

Microsoft (NASDAQ:MSFT - Get Free Report) last announced its earnings results on Wednesday, April 30th. The software giant reported $3.46 EPS for the quarter, beating analysts' consensus estimates of $3.22 by $0.24. The business had revenue of $70.07 billion for the quarter, compared to analysts' expectations of $68.54 billion. Microsoft had a net margin of 35.79% and a return on equity of 32.74%. The company's quarterly revenue was up 13.3% on a year-over-year basis. During the same period in the previous year, the company posted $2.94 EPS. Research analysts expect that Microsoft Corporation will post 13.08 earnings per share for the current fiscal year.

Microsoft Announces Dividend

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 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 0.66%. Microsoft's payout ratio is 25.66%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on MSFT. UBS Group reissued a "positive" rating on shares of Microsoft in a research note on Monday, June 30th. Royal Bank Of Canada reissued an "outperform" rating and issued a $525.00 price objective on shares of Microsoft in a research note on Friday, May 23rd. Piper Sandler raised their target price on shares of Microsoft from $475.00 to $600.00 and gave the company an "overweight" rating in a report on Thursday. BMO Capital Markets raised their target price on shares of Microsoft from $485.00 to $550.00 and gave the company an "outperform" rating in a report on Thursday. Finally, The Goldman Sachs Group raised their target price on shares of Microsoft from $480.00 to $550.00 and gave the company a "buy" rating in a report on Wednesday, May 21st. Four analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $534.14.

About Microsoft

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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