Microsoft Corporation (NASDAQ:MSFT) is Panoramic Capital Partners LLC's 6th Largest Position

Panoramic Capital Partners LLC grew its position in Microsoft Corporation (NASDAQ:MSFT - Free Report) by 7.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 17,137 shares of the software giant's stock after purchasing an additional 1,237 shares during the period. Microsoft makes up 5.7% of Panoramic Capital Partners LLC's holdings, making the stock its 6th largest position. Panoramic Capital Partners LLC's holdings in Microsoft were worth $6,076,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. Ball & Co Wealth Management Inc. purchased a new stake in shares of Microsoft in the fourth quarter worth about $31,000. Fiduciary Advisors Inc. acquired a new position in Microsoft in the fourth quarter valued at approximately $38,000. LSV Asset Management purchased a new stake in Microsoft in the 4th quarter worth approximately $44,000. IFS Advisors LLC grew its stake in shares of Microsoft by 50.0% during the 1st quarter. IFS Advisors LLC now owns 150 shares of the software giant's stock worth $57,000 after purchasing an additional 50 shares during the period. Finally, Fairway Wealth LLC acquired a new stake in shares of Microsoft during the 4th quarter worth approximately $62,000. 71.13% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Microsoft

In other news, EVP Amy Coleman sold 13,243 shares of the firm'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 transaction of $5,985,968.43. Following the completion of the sale, the executive vice president owned 43,100 shares in the company, valued at $19,481,631. This trade represents a 23.50% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 sale, the executive vice president directly owned 134,888 shares in the company, valued at approximately $61,208,127.76. The trade was a 13.75% decrease in their position. The disclosure for this sale can be found here. Insiders sold 135,743 shares of company stock valued at $60,224,683 over the last ninety days. Corporate insiders own 0.03% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. KeyCorp reissued a "sector weight" rating on shares of Microsoft in a report on Thursday, April 17th. Cantor Fitzgerald increased their target price on shares of Microsoft from $502.00 to $512.00 and gave the stock an "overweight" rating in a research note on Thursday, May 1st. Royal Bank Of Canada restated an "outperform" rating and set a $525.00 target price on shares of Microsoft in a research report on Friday, May 23rd. Wells Fargo & Company upped 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. Finally, Jefferies Financial Group increased their price target on Microsoft from $475.00 to $550.00 and gave the stock a "buy" rating in a research report on Thursday, May 1st. Four analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $534.14.

Microsoft Price Performance

Shares of NASDAQ:MSFT traded up $1.84 during midday trading on Friday, hitting $503.32. The company had a trading volume of 16,454,184 shares, compared to its average volume of 21,652,165. Microsoft Corporation has a twelve month low of $344.79 and a twelve month high of $506.78. The stock has a market cap of $3.74 trillion, a price-to-earnings ratio of 38.90, a price-to-earnings-growth ratio of 2.27 and a beta of 1.04. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.37 and a quick ratio of 1.36. The business's 50-day simple moving average is $470.64 and its 200-day simple moving average is $425.85.

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

Microsoft Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Thursday, August 21st will be given a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a yield of 0.66%. The ex-dividend date is Thursday, August 21st. Microsoft's payout ratio is currently 25.66%.

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.