Oak Family Advisors LLC Sells 10,691 Shares of Microsoft Corporation (NASDAQ:MSFT)

Oak Family Advisors LLC reduced its stake in Microsoft Corporation (NASDAQ:MSFT - Free Report) by 76.5% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,287 shares of the software giant's stock after selling 10,691 shares during the quarter. Oak Family Advisors LLC's holdings in Microsoft were worth $1,234,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of MSFT. Fosun International Ltd boosted its holdings in shares of Microsoft by 0.3% in the first quarter. Fosun International Ltd now owns 6,633 shares of the software giant's stock valued at $2,490,000 after acquiring an additional 23 shares during the period. Muirfield Wealth Advisors LLC boosted its holdings in shares of Microsoft by 0.5% in the fourth quarter. Muirfield Wealth Advisors LLC now owns 4,427 shares of the software giant's stock valued at $1,866,000 after acquiring an additional 24 shares during the period. Retirement Financial Solutions LLC boosted its holdings in shares of Microsoft by 2.3% in the fourth quarter. Retirement Financial Solutions LLC now owns 1,050 shares of the software giant's stock valued at $443,000 after acquiring an additional 24 shares during the period. Kuhn & Co Investment Counsel raised its stake in shares of Microsoft by 0.8% during the fourth quarter. Kuhn & Co Investment Counsel now owns 3,286 shares of the software giant's stock worth $1,385,000 after purchasing an additional 25 shares during the last quarter. Finally, Alliance Wealth Management Group raised its stake in shares of Microsoft by 0.4% during the fourth quarter. Alliance Wealth Management Group now owns 5,617 shares of the software giant's stock worth $2,368,000 after purchasing an additional 25 shares during the last quarter. 71.13% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Microsoft

In other news, EVP Kathleen T. Hogan sold 21,500 shares of the company's stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $453.77, for a total transaction of $9,756,055.00. Following the completion of the transaction, the executive vice president directly owned 134,888 shares of the company's stock, valued at $61,208,127.76. This represents a 13.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Takeshi Numoto sold 3,000 shares of the company's stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $463.00, for a total value of $1,389,000.00. Following the sale, the executive vice president owned 43,930 shares in the company, valued at $20,339,590. The trade was a 6.39% decrease in their position. The disclosure for this sale can be found here. Insiders sold 135,743 shares of company stock valued at $60,224,683 over the last ninety days. Company insiders own 0.03% of the company's stock.

Microsoft Trading Up 0.4%

Shares of Microsoft stock traded up $1.84 during trading on Friday, reaching $503.32. 16,454,184 shares of the company were exchanged, compared to its average volume of 21,652,165. The company has a quick ratio of 1.36, a current ratio of 1.37 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 $506.78. The business has a 50-day moving average price of $470.64 and a 200-day moving average price of $425.85. The firm has a market capitalization of $3.74 trillion, a price-to-earnings ratio of 38.90, a P/E/G ratio of 2.27 and a beta of 1.04.

Microsoft (NASDAQ:MSFT - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The software giant reported $3.46 EPS for the quarter, topping analysts' consensus estimates of $3.22 by $0.24. Microsoft had a return on equity of 32.74% and a net margin of 35.79%. The business had revenue of $70.07 billion during the quarter, compared to analysts' expectations of $68.54 billion. During the same period in the previous year, the firm earned $2.94 earnings per share. The firm's quarterly revenue was up 13.3% compared to the same quarter last year. Sell-side analysts anticipate 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 dividend of $0.83 per share. The ex-dividend date is Thursday, August 21st. This represents a $3.32 annualized dividend and a dividend yield of 0.66%. Microsoft's dividend payout ratio is currently 25.66%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on MSFT shares. BMO Capital Markets upped their price target on Microsoft from $485.00 to $550.00 and gave the stock an "outperform" rating in a research note on Thursday. Tigress Financial upped their price target on Microsoft from $550.00 to $595.00 and gave the stock a "buy" rating in a research note on Thursday, March 20th. Royal Bank Of Canada restated an "outperform" rating and set a $525.00 price target on shares of Microsoft in a research note on Friday, May 23rd. UBS Group restated a "positive" rating on shares of Microsoft in a research note on Monday, June 30th. Finally, Mizuho upped their price target on Microsoft from $475.00 to $500.00 and gave the stock an "outperform" rating in a research note on Thursday, May 1st. Four investment analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $534.14.

Microsoft Company 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.