Black Point Wealth Management Has $1.46 Million Stake in Microsoft Corporation (NASDAQ:MSFT)

Black Point Wealth Management reduced its position in Microsoft Corporation (NASDAQ:MSFT - Free Report) by 91.4% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 3,896 shares of the software giant's stock after selling 41,499 shares during the period. Microsoft comprises approximately 8.5% of Black Point Wealth Management's holdings, making the stock its 3rd biggest holding. Black Point Wealth Management's holdings in Microsoft were worth $1,463,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Ball & Co Wealth Management Inc. purchased a new stake in shares of Microsoft during the 4th quarter valued at $31,000. Fiduciary Advisors Inc. purchased a new stake in shares of Microsoft during the 4th quarter valued at $38,000. LSV Asset Management purchased a new stake in shares of Microsoft during the 4th quarter valued at $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 valued at $57,000 after buying an additional 50 shares during the period. Finally, Fairway Wealth LLC acquired a new position in shares of Microsoft during the 4th quarter valued at $62,000. 71.13% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Microsoft

In other Microsoft news, EVP Kathleen T. Hogan sold 21,500 shares of the company's stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $453.77, for a total value of $9,756,055.00. Following the completion of the transaction, the executive vice president owned 134,888 shares in the company, valued at approximately $61,208,127.76. This represents a 13.75% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Bradford L. Smith sold 75,000 shares of the company's stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $436.05, for a total transaction of $32,703,750.00. Following the completion of the transaction, the insider owned 476,999 shares of the company's stock, valued at approximately $207,995,413.95. This trade represents a 13.59% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 135,743 shares of company stock worth $60,224,683 in the last quarter. 0.03% of the stock is currently owned by corporate insiders.

Microsoft Stock Performance

Shares of NASDAQ:MSFT traded up $6.89 during trading on Wednesday, reaching $503.51. 18,633,770 shares of the company's stock traded hands, compared to its average volume of 21,667,813. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.37 and a quick ratio of 1.36. Microsoft Corporation has a 12 month low of $344.79 and a 12 month high of $506.65. The company has a 50 day moving average of $465.60 and a 200-day moving average of $424.41. The stock has a market capitalization of $3.74 trillion, a P/E ratio of 38.91, a price-to-earnings-growth ratio of 2.25 and a beta of 1.04.

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 for the quarter, beating analysts' consensus estimates of $3.22 by $0.24. Microsoft had a net margin of 35.79% and a return on equity of 32.74%. The business had revenue of $70.07 billion during the quarter, compared to the consensus estimate of $68.54 billion. During the same quarter in the prior year, the firm earned $2.94 EPS. The company's revenue for the quarter was up 13.3% compared to the same quarter last year. On average, equities analysts expect that Microsoft Corporation will post 13.08 EPS for the current year.

Microsoft Announces Dividend

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

Wall Street Analyst Weigh In

Several research firms recently weighed in on MSFT. Barclays lifted their target price on shares of Microsoft from $430.00 to $494.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. Scotiabank lifted their target price on shares of Microsoft from $470.00 to $500.00 and gave the company a "sector outperform" rating in a report on Thursday, May 1st. Wells Fargo & Company lifted their target price on shares of Microsoft from $565.00 to $585.00 and gave the company an "overweight" rating in a report on Wednesday, June 25th. KeyCorp restated a "sector weight" rating on shares of Microsoft in a report on Thursday, April 17th. Finally, UBS Group reiterated a "positive" rating on shares of Microsoft in a report on Monday, June 30th. Four research analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $527.31.

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.