Microsoft Corporation (NASDAQ:MSFT) Stock Holdings Boosted by Tritonpoint Wealth LLC

Tritonpoint Wealth LLC raised its position in Microsoft Corporation (NASDAQ:MSFT - Free Report) by 0.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 84,261 shares of the software giant's stock after acquiring an additional 540 shares during the quarter. Microsoft accounts for about 3.0% of Tritonpoint Wealth LLC's investment portfolio, making the stock its 4th largest holding. Tritonpoint Wealth LLC's holdings in Microsoft were worth $31,631,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in MSFT. Fosun International Ltd increased its position in shares of Microsoft by 0.3% during the 1st quarter. Fosun International Ltd now owns 6,633 shares of the software giant's stock worth $2,490,000 after purchasing an additional 23 shares in the last quarter. Muirfield Wealth Advisors LLC increased its stake in shares of Microsoft by 0.5% in the fourth quarter. Muirfield Wealth Advisors LLC now owns 4,427 shares of the software giant's stock valued at $1,866,000 after buying an additional 24 shares in the last quarter. Retirement Financial Solutions LLC raised its holdings in shares of Microsoft by 2.3% in the fourth quarter. Retirement Financial Solutions LLC now owns 1,050 shares of the software giant's stock valued at $443,000 after buying an additional 24 shares during the last quarter. Kuhn & Co Investment Counsel lifted its position in shares of Microsoft by 0.8% during the fourth quarter. Kuhn & Co Investment Counsel now owns 3,286 shares of the software giant's stock worth $1,385,000 after purchasing an additional 25 shares in the last quarter. Finally, Alliance Wealth Management Group grew its stake in shares of Microsoft by 0.4% during the fourth quarter. Alliance Wealth Management Group now owns 5,617 shares of the software giant's stock valued at $2,368,000 after purchasing an additional 25 shares during the last quarter. Hedge funds and other institutional investors own 71.13% of the company's stock.

Insider Activity

In other Microsoft news, EVP Kathleen T. Hogan sold 21,500 shares of Microsoft stock in a transaction that occurred on Wednesday, May 21st. The shares were 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 of the company's stock, valued at $61,208,127.76. This trade represents a 13.75% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 value of $7,330,880.00. Following the sale, 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 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. Company insiders own 0.03% of the company's stock.

Microsoft Trading Down 0.3%

Shares of MSFT traded down $1.65 during mid-day trading on Friday, reaching $510.05. 21,120,811 shares of the company were exchanged, compared to its average volume of 21,618,181. The business has a 50 day simple moving average of $477.78 and a two-hundred day simple moving average of $428.54. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.36 and a current ratio of 1.37. The stock has a market capitalization of $3.79 trillion, a PE ratio of 39.42, a PEG ratio of 2.32 and a beta of 1.04. Microsoft Corporation has a 52 week low of $344.79 and a 52 week high of $514.64.

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

Microsoft Announces Dividend

The business 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 dividend of $0.83 per share. This represents a $3.32 annualized dividend and a yield of 0.65%. The ex-dividend date of this dividend is Thursday, August 21st. Microsoft's dividend payout ratio (DPR) is presently 25.66%.

Wall Street Analysts Forecast Growth

MSFT has been the topic of a number of recent analyst reports. Citigroup lifted their price target on shares of Microsoft from $540.00 to $605.00 and gave the stock a "buy" rating in a research report on Wednesday, June 11th. Wells Fargo & Company increased their price target on Microsoft from $565.00 to $585.00 and gave the stock an "overweight" rating in a report on Wednesday, June 25th. Needham & Company LLC reaffirmed a "buy" rating on shares of Microsoft in a research report on Thursday, May 1st. Benchmark reiterated a "buy" rating on shares of Microsoft in a research report on Thursday, May 1st. Finally, The Goldman Sachs Group increased their target price on Microsoft from $480.00 to $550.00 and gave the stock a "buy" rating in a research note on Wednesday, May 21st. Four analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the stock. According to MarketBeat, Microsoft has an average rating of "Moderate Buy" and an average price target of $541.79.

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.