Permanent Capital Management LP Has $24.90 Million Holdings in Microsoft Corporation (NASDAQ:MSFT)

Permanent Capital Management LP boosted its position in Microsoft Corporation (NASDAQ:MSFT - Free Report) by 1.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 66,325 shares of the software giant's stock after acquiring an additional 797 shares during the quarter. Microsoft accounts for 7.1% of Permanent Capital Management LP's holdings, making the stock its 5th largest holding. Permanent Capital Management LP's holdings in Microsoft were worth $24,898,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Ball & Co Wealth Management Inc. bought a new position in Microsoft in the fourth quarter valued at approximately $31,000. Fiduciary Advisors Inc. bought a new position in Microsoft in the fourth quarter valued at approximately $38,000. LSV Asset Management bought a new position in Microsoft in the fourth quarter valued at approximately $44,000. IFS Advisors LLC increased its stake in Microsoft by 50.0% in the first quarter. IFS Advisors LLC now owns 150 shares of the software giant's stock valued at $57,000 after acquiring an additional 50 shares during the last quarter. Finally, Fairway Wealth LLC bought a new stake in shares of Microsoft during the fourth quarter worth $62,000. 71.13% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Microsoft news, EVP Takeshi Numoto sold 3,000 shares of Microsoft stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $463.00, for a total value of $1,389,000.00. Following the completion of the sale, the executive vice president directly owned 43,930 shares of the company's stock, valued at approximately $20,339,590. The trade was a 6.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Kathleen T. Hogan sold 21,500 shares of Microsoft stock in a transaction 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 completion of the sale, the executive vice president directly owned 134,888 shares of the company's stock, valued at approximately $61,208,127.76. This trade represents a 13.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 135,743 shares of company stock valued at $60,224,683 over the last quarter. Company insiders own 0.03% of the company's stock.

Microsoft Trading Up 1.5%

MSFT stock traded up $7.16 during midday trading on Friday, hitting $498.25. The stock had a trading volume of 13,984,829 shares, compared to its average volume of 21,692,275. The firm has a market cap of $3.70 trillion, a P/E ratio of 38.50, a price-to-earnings-growth ratio of 2.26 and a beta of 1.04. 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 1-year low of $344.79 and a 1-year high of $500.76. The business has a fifty day moving average price of $461.41 and a two-hundred day moving average price of $423.67.

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

Microsoft Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Thursday, August 21st will be issued a $0.83 dividend. The ex-dividend date is Thursday, August 21st. This represents a $3.32 annualized dividend and a yield of 0.67%. Microsoft's payout ratio is 25.66%.

Wall Street Analysts Forecast Growth

MSFT has been the topic of a number of research reports. JPMorgan Chase & Co. boosted their target price on shares of Microsoft from $465.00 to $475.00 and gave the stock an "overweight" rating in a research note on Thursday, May 1st. Tigress Financial boosted their target price on shares of Microsoft from $550.00 to $595.00 and gave the stock a "buy" rating in a research note on Thursday, March 20th. Piper Sandler reaffirmed an "overweight" rating on shares of Microsoft in a research note on Wednesday, May 21st. The Goldman Sachs Group boosted their target price 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. Finally, Westpark Capital reaffirmed a "hold" rating on shares of Microsoft in a research note on Thursday, May 1st. Five investment 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, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $524.71.

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.