Money Concepts Capital Corp Cuts Position in Microsoft Corporation (NASDAQ:MSFT)

Money Concepts Capital Corp trimmed its position in Microsoft Corporation (NASDAQ:MSFT - Free Report) by 43.8% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 39,582 shares of the software giant's stock after selling 30,838 shares during the quarter. Microsoft accounts for approximately 1.1% of Money Concepts Capital Corp's portfolio, making the stock its 13th largest holding. Money Concepts Capital Corp's holdings in Microsoft were worth $14,859,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in MSFT. Newton One Investments LLC increased its position in shares of Microsoft by 66.7% during the first quarter. Newton One Investments LLC now owns 75 shares of the software giant's stock worth $28,000 after acquiring an additional 30 shares during the last quarter. Ball & Co Wealth Management Inc. purchased a new stake in shares of Microsoft during the fourth quarter worth about $31,000. LSV Asset Management purchased a new stake in shares of Microsoft during the fourth quarter worth about $44,000. IFS Advisors LLC increased its position in shares of Microsoft by 50.0% during the first quarter. IFS Advisors LLC now owns 150 shares of the software giant's stock worth $57,000 after acquiring an additional 50 shares during the last quarter. Finally, Fairway Wealth LLC purchased a new stake in shares of Microsoft during the fourth quarter worth about $62,000. 71.13% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Microsoft

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 transaction of $5,985,968.43. Following the completion of the transaction, the executive vice president 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 document filed with the SEC, which is accessible through this link. 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 transaction, the executive vice president owned 43,930 shares of the company's stock, valued at approximately $20,339,590. This trade represents a 6.39% decrease in their position. The disclosure for this sale can be found here. Insiders sold 54,743 shares of company stock worth $24,921,913 in the last three months. 0.03% of the stock is currently owned by company insiders.

Microsoft Stock Performance

MSFT opened at $522.04 on Friday. The business's 50 day moving average is $496.85 and its 200-day moving average is $438.29. The stock has a market cap of $3.88 trillion, a PE ratio of 38.27, a price-to-earnings-growth ratio of 2.28 and a beta of 1.06. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.12. Microsoft Corporation has a twelve month low of $344.79 and a twelve month high of $555.45.

Microsoft (NASDAQ:MSFT - Get Free Report) last announced its earnings results on Wednesday, July 30th. The software giant reported $3.65 EPS for the quarter, topping the consensus estimate of $3.35 by $0.30. Microsoft had a return on equity of 32.44% and a net margin of 36.15%. The firm had revenue of $76.44 billion for the quarter, compared to analysts' expectations of $73.79 billion. During the same quarter in the previous year, the company earned $2.95 earnings per share. The firm's quarterly revenue was up 18.1% compared to the same quarter last year. On average, analysts predict that Microsoft Corporation will post 13.08 earnings per share for the current year.

Microsoft Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Thursday, August 21st will be issued a dividend of $0.83 per share. The ex-dividend date of this dividend is Thursday, August 21st. This represents a $3.32 annualized dividend and a yield of 0.6%. Microsoft's payout ratio is presently 24.34%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on MSFT. BMO Capital Markets lifted their target price on Microsoft from $550.00 to $650.00 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. Barclays lifted their price target on Microsoft from $550.00 to $625.00 and gave the stock an "overweight" rating in a research note on Thursday, July 31st. TD Securities lifted their price target on Microsoft from $475.00 to $490.00 and gave the stock a "buy" rating in a research note on Thursday, May 1st. Stifel Nicolaus lifted their price target on Microsoft from $500.00 to $550.00 and gave the stock a "buy" rating in a research note on Monday, July 28th. Finally, Wall Street Zen upgraded Microsoft from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. Two equities research analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the company. Based on data from MarketBeat, Microsoft presently has an average rating of "Moderate Buy" and a consensus target price of $609.86.

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.

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