Northside Capital Management LLC Has $12.01 Million Stake in Microsoft Corporation (NASDAQ:MSFT)

Northside Capital Management LLC trimmed its stake in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) by 2.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 31,979 shares of the software giant's stock after selling 784 shares during the quarter. Microsoft accounts for 1.9% of Northside Capital Management LLC's portfolio, making the stock its 12th largest holding. Northside Capital Management LLC's holdings in Microsoft were worth $12,005,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of MSFT. Ball & Co Wealth Management Inc. acquired a new stake in shares of Microsoft during the 4th quarter worth approximately $31,000. Fiduciary Advisors Inc. acquired a new stake in shares of Microsoft during the fourth quarter worth $38,000. LSV Asset Management bought a new stake in Microsoft in the fourth quarter valued at about $44,000. Fairway Wealth LLC acquired a new position in Microsoft in the fourth quarter valued at about $62,000. Finally, IFS Advisors LLC lifted 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 buying an additional 50 shares during the period. 71.13% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MSFT has been the subject of a number of recent analyst reports. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $525.00 price target on shares of Microsoft in a research note on Friday, May 23rd. Benchmark reiterated a "buy" rating on shares of Microsoft in a report on Thursday, May 1st. Needham & Company LLC restated a "buy" rating on shares of Microsoft in a research report on Thursday, May 1st. The Goldman Sachs Group raised their price objective on Microsoft from $480.00 to $550.00 and gave the stock a "buy" rating in a research note on Wednesday, May 21st. Finally, Guggenheim reissued a "neutral" rating on shares of Microsoft in a research note on Thursday, May 1st. Five research analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $524.71.

Insider Activity at Microsoft

In other Microsoft news, EVP Takeshi Numoto sold 3,000 shares of the company's 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 transaction, the executive vice president directly owned 43,930 shares in the company, valued at $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 Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Judson Althoff sold 16,000 shares of the stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $458.18, for a total transaction of $7,330,880.00. Following the completion of the transaction, the executive vice president directly owned 98,010 shares in the company, valued at approximately $44,906,221.80. This represents a 14.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 135,743 shares of company stock worth $60,224,683 over the last ninety days. Company insiders own 0.03% of the company's stock.

Microsoft Stock Down 0.1%

Shares of Microsoft stock traded down $0.33 during trading hours on Wednesday, reaching $491.72. 3,387,001 shares of the company's stock were exchanged, compared to its average volume of 22,989,053. The stock has a market cap of $3.65 trillion, a P/E ratio of 38.00, a P/E/G ratio of 2.52 and a beta of 1.04. Microsoft Corporation has a fifty-two week low of $344.79 and a fifty-two week high of $500.76. The company has a 50 day moving average of $454.74 and a two-hundred day moving average of $422.57. 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 (NASDAQ:MSFT - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The software giant reported $3.46 EPS for the quarter, beating the consensus estimate of $3.22 by $0.24. The company had revenue of $70.07 billion during the quarter, compared to the consensus estimate of $68.54 billion. Microsoft had a return on equity of 32.74% and a net margin of 35.79%. The firm's revenue for the quarter was up 13.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.94 EPS. On average, sell-side analysts forecast 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. Stockholders of record on Thursday, August 21st will be given a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date is Thursday, August 21st. Microsoft's dividend payout ratio (DPR) is presently 25.66%.

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.