Microsoft Corporation (NASDAQ:MSFT) Shares Bought by Davidson Kahn Capital Management LLC

Davidson Kahn Capital Management LLC grew its stake in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) by 27.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,806 shares of the software giant's stock after acquiring an additional 1,892 shares during the period. Microsoft comprises approximately 2.5% of Davidson Kahn Capital Management LLC's holdings, making the stock its 10th biggest position. Davidson Kahn Capital Management LLC's holdings in Microsoft were worth $3,306,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Ball & Co Wealth Management Inc. acquired a new position in shares of Microsoft in the 4th quarter valued at about $31,000. Newton One Investments LLC grew its position in shares of Microsoft by 66.7% during the 1st quarter. Newton One Investments LLC now owns 75 shares of the software giant's stock valued at $28,000 after buying an additional 30 shares during the last quarter. LSV Asset Management bought a new stake in shares of Microsoft during the 4th quarter valued at about $44,000. Fairway Wealth LLC bought a new stake in shares of Microsoft during the 4th quarter valued at about $62,000. Finally, IFS Advisors LLC grew its position in shares of Microsoft by 50.0% during the 1st quarter. IFS Advisors LLC now owns 150 shares of the software giant's stock valued at $57,000 after buying an additional 50 shares during the last quarter. 71.13% of the stock is owned by institutional investors and hedge funds.

Microsoft Stock Down 1.8%

MSFT stock opened at $524.11 on Friday. Microsoft Corporation has a 12 month low of $344.79 and a 12 month high of $555.45. The firm has a market cap of $3.90 trillion, a PE ratio of 38.42, a P/E/G ratio of 2.35 and a beta of 1.06. The firm has a 50 day simple moving average of $489.94 and a 200 day simple moving average of $434.94. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.35 and a quick ratio of 1.36.

Microsoft (NASDAQ:MSFT - Get Free Report) last released its earnings results on Wednesday, July 30th. The software giant reported $3.65 EPS for the quarter, beating 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 business had revenue of $76.44 billion during the quarter, compared to analyst estimates of $73.79 billion. During the same period in the prior year, the business earned $2.95 earnings per share. The business's quarterly revenue was up 18.1% on a year-over-year basis. Equities research analysts forecast that Microsoft Corporation will post 13.08 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Thursday, August 21st will be paid a dividend of $0.83 per share. The ex-dividend date of this dividend is Thursday, August 21st. This represents a $3.32 annualized dividend and a yield of 0.6%. Microsoft's dividend payout ratio is currently 24.34%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on MSFT shares. Royal Bank Of Canada boosted their price objective on shares of Microsoft from $525.00 to $640.00 and gave the company an "outperform" rating in a research report on Thursday. Wedbush boosted their price objective on shares of Microsoft from $600.00 to $625.00 and gave the company an "outperform" rating in a research report on Thursday. Loop Capital boosted their price objective on shares of Microsoft from $550.00 to $600.00 and gave the company a "buy" rating in a research report on Thursday, July 24th. Wall Street Zen raised shares of Microsoft from a "hold" rating to a "buy" rating in a research report on Saturday. Finally, Sanford C. Bernstein lifted their price objective on shares of Microsoft from $540.00 to $637.00 and gave the company an "outperform" rating in a research report on Thursday. Two analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the stock. According to MarketBeat, Microsoft has an average rating of "Moderate Buy" and a consensus target price of $609.86.

Insider Buying and Selling at Microsoft

In related news, EVP Takeshi Numoto sold 3,000 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $463.00, for a total transaction 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 $20,339,590. This represents a 6.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Bradford L. Smith sold 6,000 shares of the stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $433.17, for a total transaction of $2,599,020.00. Following the sale, the insider directly owned 471,036 shares of the company's stock, valued at approximately $204,038,664.12. This represents a 1.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 60,743 shares of company stock valued at $27,520,933. Corporate insiders own 0.03% of the company's stock.

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.

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