Tobam Reduces Position in Microsoft Corporation (NASDAQ:MSFT)

Tobam lessened its holdings in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) by 63.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,723 shares of the software giant's stock after selling 2,969 shares during the period. Tobam's holdings in Microsoft were worth $647,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of MSFT. Fosun International Ltd increased its stake in Microsoft by 0.3% in the 1st quarter. Fosun International Ltd now owns 6,633 shares of the software giant's stock valued at $2,490,000 after buying an additional 23 shares during the last quarter. Muirfield Wealth Advisors LLC increased its stake in Microsoft by 0.5% in the 4th quarter. Muirfield Wealth Advisors LLC now owns 4,427 shares of the software giant's stock valued at $1,866,000 after buying an additional 24 shares during the last quarter. Retirement Financial Solutions LLC increased its stake in Microsoft by 2.3% in the 4th quarter. Retirement Financial Solutions LLC now owns 1,050 shares of the software giant's stock valued at $443,000 after buying an additional 24 shares during the last quarter. Kuhn & Co Investment Counsel increased its stake in Microsoft by 0.8% in the 4th quarter. Kuhn & Co Investment Counsel now owns 3,286 shares of the software giant's stock valued at $1,385,000 after buying an additional 25 shares during the last quarter. Finally, Alliance Wealth Management Group increased its stake in Microsoft by 0.4% in the 4th quarter. Alliance Wealth Management Group now owns 5,617 shares of the software giant's stock valued at $2,368,000 after buying an additional 25 shares during the last quarter. Hedge funds and other institutional investors own 71.13% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on MSFT shares. TD Securities raised their price target on shares of Microsoft from $475.00 to $490.00 and gave the stock a "buy" rating in a research note on Thursday, May 1st. Westpark Capital restated a "hold" rating on shares of Microsoft in a research note on Thursday, May 1st. JPMorgan Chase & Co. raised their price target on shares of Microsoft from $465.00 to $475.00 and gave the stock an "overweight" rating in a research note on Thursday, May 1st. Scotiabank raised their price target on shares of Microsoft from $470.00 to $500.00 and gave the stock a "sector outperform" rating in a research note on Thursday, May 1st. Finally, Tigress Financial raised their price target on shares of Microsoft from $550.00 to $595.00 and gave the stock a "buy" rating in a research note on Thursday, March 20th. Four investment analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $538.04.

Microsoft Stock Down 0.0%

NASDAQ MSFT traded down $0.20 during trading on Wednesday, reaching $505.62. 15,142,434 shares of the company's stock traded hands, compared to its average volume of 21,629,187. 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 firm has a market cap of $3.76 trillion, a price-to-earnings ratio of 39.07, a price-to-earnings-growth ratio of 2.30 and a beta of 1.04. The company's 50 day simple moving average is $474.88 and its two-hundred day simple moving average is $427.28. Microsoft Corporation has a 12-month low of $344.79 and a 12-month high of $508.30.

Microsoft (NASDAQ:MSFT - Get Free Report) last posted its earnings results on Wednesday, April 30th. The software giant reported $3.46 EPS 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 for the quarter, compared to the consensus estimate of $68.54 billion. During the same quarter last year, the firm posted $2.94 EPS. The company's revenue for the quarter was up 13.3% on a year-over-year basis. As a group, sell-side analysts forecast that Microsoft Corporation will post 13.08 EPS for the current fiscal year.

Microsoft Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders 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 dividend yield of 0.66%. The ex-dividend date of this dividend is Thursday, August 21st. Microsoft's dividend payout ratio is currently 25.66%.

Insiders Place Their Bets

In other news, EVP Amy Coleman sold 13,243 shares of the firm's stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $452.01, for a total value of $5,985,968.43. Following the sale, the executive vice president directly owned 43,100 shares in the company, valued at approximately $19,481,631. This trade represents a 23.50% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Takeshi Numoto sold 3,000 shares of the firm's stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $463.00, for a total transaction of $1,389,000.00. Following the completion of the sale, the executive vice president owned 43,930 shares in the company, valued at $20,339,590. This represents a 6.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 135,743 shares of company stock worth $60,224,683. Insiders own 0.03% of the company's stock.

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.