Microsoft Corporation (NASDAQ:MSFT) Shares Sold by InTrack Investment Management Inc

InTrack Investment Management Inc lessened its holdings in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) by 28.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,501 shares of the software giant's stock after selling 6,425 shares during the period. Microsoft makes up 5.6% of InTrack Investment Management Inc's portfolio, making the stock its 2nd biggest position. InTrack Investment Management Inc's holdings in Microsoft were worth $6,194,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Rubicon Global Capital Ltd grew its stake in shares of Microsoft by 33.3% in the first quarter. Rubicon Global Capital Ltd now owns 20,000 shares of the software giant's stock valued at $7,508,000 after acquiring an additional 5,000 shares in the last quarter. Donaldson Capital Management LLC boosted its holdings in shares of Microsoft by 1.3% in the 1st quarter. Donaldson Capital Management LLC now owns 279,631 shares of the software giant's stock worth $104,971,000 after buying an additional 3,661 shares during the last quarter. Foresight Capital Management Advisors Inc. raised its stake in Microsoft by 2.1% in the 1st quarter. Foresight Capital Management Advisors Inc. now owns 8,960 shares of the software giant's stock valued at $3,363,000 after acquiring an additional 187 shares during the period. My Legacy Advisors LLC increased its position in shares of Microsoft by 0.9% in the first quarter. My Legacy Advisors LLC now owns 19,322 shares of the software giant's stock worth $7,253,000 after purchasing an additional 163 shares during the last quarter. Finally, Curbstone Financial Management Corp increased its position in shares of Microsoft by 1.8% in the first quarter. Curbstone Financial Management Corp now owns 22,661 shares of the software giant's stock worth $8,507,000 after purchasing an additional 405 shares during the last quarter. Institutional investors and hedge funds own 71.13% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Benchmark reaffirmed a "buy" rating on shares of Microsoft in a research note on Thursday, May 1st. Jefferies Financial Group lifted their price objective on Microsoft from $475.00 to $550.00 and gave the stock a "buy" rating in a research note on Thursday, May 1st. Westpark Capital reiterated a "hold" rating on shares of Microsoft in a report on Thursday, May 1st. Morgan Stanley reaffirmed an "overweight" rating and set a $530.00 target price (up from $482.00) on shares of Microsoft in a research report on Thursday, June 26th. Finally, Raymond James Financial boosted their target price on shares of Microsoft from $480.00 to $490.00 and gave the stock an "outperform" rating in a research note on Thursday, May 1st. Four investment analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $534.14.

Microsoft Stock Up 0.4%

Shares of NASDAQ MSFT opened at $503.32 on Friday. The company has a quick ratio of 1.36, a current ratio of 1.37 and a debt-to-equity ratio of 0.12. The firm has a 50-day moving average price of $470.64 and a 200 day moving average price of $425.76. Microsoft Corporation has a 52 week low of $344.79 and a 52 week high of $506.78. The stock has a market capitalization of $3.74 trillion, a price-to-earnings ratio of 38.90, a price-to-earnings-growth ratio of 2.28 and a beta of 1.04.

Microsoft (NASDAQ:MSFT - Get Free Report) last announced its earnings results on Wednesday, April 30th. The software giant reported $3.46 earnings per share for the quarter, beating the consensus estimate of $3.22 by $0.24. The business had revenue of $70.07 billion during the quarter, compared to the consensus estimate of $68.54 billion. Microsoft had a net margin of 35.79% and a return on equity of 32.74%. The business's quarterly revenue was up 13.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.94 earnings per share. Equities research analysts anticipate that Microsoft Corporation will post 13.08 EPS for the current fiscal 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 issued a $0.83 dividend. The ex-dividend date is Thursday, August 21st. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.66%. Microsoft's dividend payout ratio (DPR) is presently 25.66%.

Insider Buying and Selling at Microsoft

In other Microsoft news, 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 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 sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Bradford L. Smith sold 75,000 shares of the firm's stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $436.05, for a total transaction of $32,703,750.00. Following the transaction, the insider owned 476,999 shares in the company, valued at $207,995,413.95. This represents a 13.59% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 135,743 shares of company stock valued at $60,224,683. 0.03% of the stock is currently owned by company insiders.

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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