XY Planning Network Inc. Trims Stock Position in Microsoft Corporation (NASDAQ:MSFT)

Key Points

• XY Planning Network Inc. reduced its holdings in Microsoft by 79%, selling 2,666 shares and now owning 709 shares valued at $266,000.
• Microsoft's quarterly earnings beat expectations with an EPS of $3.46 and revenues of $70.07 billion, showcasing a 13.3% year-over-year growth.
• The company declared a quarterly dividend of $0.83 per share, with the payment set for September 11, representing a 0.65% yield.

XY Planning Network Inc. decreased its position in Microsoft Corporation (NASDAQ:MSFT - Free Report) by 79.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 709 shares of the software giant's stock after selling 2,666 shares during the period. XY Planning Network Inc.'s holdings in Microsoft were worth $266,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of MSFT. Newton One Investments LLC boosted its position in Microsoft by 66.7% in the 1st quarter. Newton One Investments LLC now owns 75 shares of the software giant's stock valued at $28,000 after buying an additional 30 shares during the last quarter. Ball & Co Wealth Management Inc. bought a new position in Microsoft in the fourth quarter worth about $31,000. LSV Asset Management acquired a new position in shares of Microsoft during the fourth quarter valued at $44,000. IFS Advisors LLC increased its stake in shares of 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 purchasing an additional 50 shares during the period. Finally, Fairway Wealth LLC acquired a new position in Microsoft during the 4th quarter worth $62,000. Hedge funds and other institutional investors own 71.13% of the company's stock.

Microsoft Stock Performance

MSFT stock traded up $21.65 during midday trading on Thursday, reaching $534.89. The stock had a trading volume of 22,422,721 shares, compared to its average volume of 22,175,734. The firm has a fifty day simple moving average of $486.89 and a two-hundred day simple moving average of $433.33. The stock has a market cap of $3.98 trillion, a PE ratio of 41.43, a P/E/G ratio of 2.33 and a beta of 1.04. Microsoft Corporation has a 52-week low of $344.79 and a 52-week high of $555.45. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.36 and a current ratio of 1.37.

Microsoft (NASDAQ:MSFT - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The software giant reported $3.65 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.35 by $0.30. The firm had revenue of $76.44 billion for the quarter, compared to the consensus estimate of $73.79 billion. Microsoft had a net margin of 35.79% and a return on equity of 32.74%. The firm's quarterly revenue was up 18.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.95 earnings per share. As a group, equities research analysts anticipate that Microsoft Corporation will post 13.08 EPS for the current year.

Microsoft Announces Dividend

The business also recently declared 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. The ex-dividend date of this dividend is Thursday, August 21st. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.62%. Microsoft's dividend payout ratio (DPR) is presently 25.66%.

Analyst Ratings Changes

A number of research firms recently issued reports on MSFT. The Goldman Sachs Group lifted their target price on Microsoft from $480.00 to $550.00 and gave the stock a "buy" rating in a report on Wednesday, May 21st. KeyCorp raised shares of Microsoft from a "sector weight" rating to an "overweight" rating and set a $630.00 price objective on the stock in a research report on Thursday. Raymond James Financial boosted their price target on Microsoft from $490.00 to $570.00 and gave the company an "outperform" rating in a research note on Monday. Mizuho increased their target price on shares of Microsoft from $540.00 to $625.00 and gave the stock an "outperform" rating in a research report on Thursday. Finally, Wall Street Zen cut shares of Microsoft from a "buy" rating to a "hold" rating in a report on Monday, June 30th. Three analysts have rated the stock with a hold rating and thirty have issued a buy rating to the stock. According to data from MarketBeat, Microsoft has a consensus rating of "Moderate Buy" and a consensus target price of $598.61.

Insider Buying and Selling at Microsoft

In other Microsoft news, EVP Takeshi Numoto sold 3,000 shares of the firm's stock in a transaction on Tuesday, June 3rd. The stock was 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 of the company's stock, valued at $20,339,590. This trade represents a 6.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Amy Coleman sold 13,243 shares of Microsoft stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $452.01, for a total transaction of $5,985,968.43. Following the sale, the executive vice president owned 43,100 shares of the company's stock, valued at approximately $19,481,631. This represents a 23.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 135,743 shares of company stock worth $60,224,683. Corporate 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.