Objective Capital Management LLC Decreases Stock Position in Microsoft Corporation (NASDAQ:MSFT)

Objective Capital Management LLC cut its position in Microsoft Corporation (NASDAQ:MSFT - Free Report) by 23.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,198 shares of the software giant's stock after selling 1,923 shares during the quarter. Microsoft comprises about 1.7% of Objective Capital Management LLC's holdings, making the stock its 13th largest position. Objective Capital Management LLC's holdings in Microsoft were worth $2,613,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Triton Wealth Management PLLC increased its holdings in Microsoft by 4.2% in the 4th quarter. Triton Wealth Management PLLC now owns 7,052 shares of the software giant's stock worth $2,961,000 after acquiring an additional 287 shares during the last quarter. 111 Capital purchased a new position in shares of Microsoft in the fourth quarter worth about $17,187,000. Thoma Capital Management LLC bought a new stake in shares of Microsoft in the fourth quarter valued at approximately $1,913,000. NorthCrest Asset Manangement LLC lifted its stake in shares of Microsoft by 2.2% during the 4th quarter. NorthCrest Asset Manangement LLC now owns 269,328 shares of the software giant's stock valued at $113,522,000 after buying an additional 5,729 shares in the last quarter. Finally, Members Wealth LLC bought a new position in Microsoft in the 4th quarter worth approximately $3,208,000. Hedge funds and other institutional investors own 71.13% of the company's stock.

Microsoft Stock Down 0.6%

Shares of MSFT opened at $477.40 on Monday. Microsoft Corporation has a 1 year low of $344.79 and a 1 year high of $483.46. 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 stock has a 50 day simple moving average of $437.84 and a two-hundred day simple moving average of $420.28. The firm has a market cap of $3.55 trillion, a P/E ratio of 36.89, a P/E/G ratio of 2.42 and a beta of 1.03.

Microsoft (NASDAQ:MSFT - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The software giant reported $3.46 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.22 by $0.24. The company 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 firm's revenue was up 13.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.94 EPS. On average, analysts forecast that Microsoft Corporation will post 13.08 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The business also recently disclosed 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. The ex-dividend date is Thursday, August 21st. This represents a $3.32 annualized dividend and a dividend yield of 0.70%. Microsoft's dividend payout ratio is currently 25.66%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Scotiabank boosted their target price on shares of Microsoft from $470.00 to $500.00 and gave the company a "sector outperform" rating in a report on Thursday, May 1st. Wells Fargo & Company reiterated an "overweight" rating and set a $565.00 price objective (up from $515.00) on shares of Microsoft in a research note on Friday, June 13th. KeyCorp restated a "sector weight" rating on shares of Microsoft in a research note on Thursday, April 17th. Bank of America decreased their price target on Microsoft from $510.00 to $480.00 and set a "buy" rating on the stock in a research report on Tuesday, April 15th. Finally, Barclays raised their price objective on shares of Microsoft from $430.00 to $494.00 and gave the company an "overweight" rating in a research report on Thursday, May 1st. Four equities research analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the company. Based on data from MarketBeat, Microsoft presently has a consensus rating of "Moderate Buy" and an average target price of $515.68.

Insider Activity

In other Microsoft news, insider Bradford L. Smith sold 75,000 shares of the stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $436.05, for a total transaction of $32,703,750.00. Following the completion of the sale, the insider now owns 476,999 shares of the company's stock, valued at $207,995,413.95. This represents a 13.59% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, 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 now directly owns 43,930 shares in the company, 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. In the last quarter, insiders sold 135,743 shares of company stock valued at $60,224,683. Insiders own 0.03% of the company's stock.

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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