PSI Advisors LLC Has $1.99 Million Stock Position in Microsoft Corporation (NASDAQ:MSFT)

PSI Advisors LLC lessened its holdings in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) by 15.4% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,308 shares of the software giant's stock after selling 963 shares during the period. Microsoft comprises 0.6% of PSI Advisors LLC's holdings, making the stock its 26th largest holding. PSI Advisors LLC's holdings in Microsoft were worth $1,993,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Newton One Investments LLC boosted 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 worth $28,000 after acquiring an additional 30 shares in the last quarter. Ball & Co Wealth Management Inc. acquired a new stake in shares of Microsoft during the 4th quarter worth approximately $31,000. LSV Asset Management bought a new position in Microsoft in the 4th quarter valued at approximately $44,000. IFS Advisors LLC lifted its stake in Microsoft by 50.0% in the 1st quarter. IFS Advisors LLC now owns 150 shares of the software giant's stock valued at $57,000 after purchasing an additional 50 shares during the last quarter. Finally, Fairway Wealth LLC bought a new position in Microsoft in the 4th quarter valued at approximately $62,000. Institutional investors and hedge funds own 71.13% of the company's stock.

Analyst Upgrades and Downgrades

MSFT has been the subject of several research reports. Scotiabank increased their price objective on shares of Microsoft from $470.00 to $500.00 and gave the company a "sector outperform" rating in a research note on Thursday, May 1st. Morgan Stanley reissued an "overweight" rating and issued a $530.00 price objective (up previously from $482.00) on shares of Microsoft in a research note on Thursday, June 26th. Jefferies Financial Group increased their price objective on shares of Microsoft from $475.00 to $550.00 and gave the company a "buy" rating in a research note on Thursday, May 1st. Piper Sandler increased their price objective on shares of Microsoft from $475.00 to $600.00 and gave the company an "overweight" rating in a research note on Thursday, July 10th. Finally, Bank of America increased their price objective on shares of Microsoft from $515.00 to $585.00 and gave the company a "buy" rating in a research note on Friday, July 18th. Four investment analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $555.86.

Insiders Place Their Bets

In other Microsoft news, EVP Kathleen T. Hogan sold 21,500 shares of the firm's stock in a transaction on 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 sale, the executive vice president directly owned 134,888 shares in the company, valued at approximately $61,208,127.76. This trade represents a 13.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Amy Coleman sold 13,243 shares of the firm's stock in a transaction on Thursday, May 15th. The stock was 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 of the company's stock, valued at $19,481,631. The trade was a 23.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 135,743 shares of company stock valued at $60,224,683. 0.03% of the stock is currently owned by corporate insiders.

Microsoft Trading Down 0.2%

Shares of MSFT traded down $1.21 during trading hours on Monday, hitting $512.50. 14,290,681 shares of the stock were exchanged, compared to its average volume of 15,824,139. Microsoft Corporation has a fifty-two week low of $344.79 and a fifty-two week high of $518.29. 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 has a 50-day moving average of $484.59 and a 200-day moving average of $432.22. The firm has a market capitalization of $3.81 trillion, a P/E ratio of 39.61, a price-to-earnings-growth ratio of 2.33 and a beta of 1.04.

Microsoft (NASDAQ:MSFT - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The software giant reported $3.46 EPS for the quarter, topping analysts' consensus estimates of $3.22 by $0.24. The business had revenue of $70.07 billion during the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same period last year, the company posted $2.94 earnings per share. On average, research analysts expect that Microsoft Corporation will post 13.08 EPS for the current year.

Microsoft Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Thursday, August 21st will be issued a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a yield of 0.65%. The ex-dividend date is Thursday, August 21st. Microsoft's payout ratio is 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.