Perissos Private Wealth Management LLC Sells 5,231 Shares of Microsoft Corporation (NASDAQ:MSFT)

Perissos Private Wealth Management LLC decreased its holdings in Microsoft Corporation (NASDAQ:MSFT - Free Report) by 49.3% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 5,374 shares of the software giant's stock after selling 5,231 shares during the period. Microsoft makes up about 1.8% of Perissos Private Wealth Management LLC's portfolio, making the stock its 16th biggest position. Perissos Private Wealth Management LLC's holdings in Microsoft were worth $2,017,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Ball & Co Wealth Management Inc. acquired a new position in Microsoft during the 4th quarter worth about $31,000. Newton One Investments LLC lifted its holdings in Microsoft by 66.7% during the 1st quarter. Newton One Investments LLC now owns 75 shares of the software giant's stock worth $28,000 after buying an additional 30 shares during the period. LSV Asset Management acquired a new position in Microsoft during the 4th quarter worth about $44,000. Fairway Wealth LLC acquired a new position in Microsoft during the 4th quarter worth about $62,000. Finally, IFS Advisors LLC lifted its holdings in Microsoft by 50.0% during the 1st quarter. IFS Advisors LLC now owns 150 shares of the software giant's stock worth $57,000 after buying an additional 50 shares during the period. Institutional investors own 71.13% of the company's stock.

Insider Activity

In other Microsoft news, EVP Takeshi Numoto sold 4,850 shares of the stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $527.32, for a total transaction of $2,557,502.00. Following the completion of the transaction, the executive vice president directly owned 39,111 shares of the company's stock, valued at approximately $20,624,012.52. This represents a 11.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Judson Althoff sold 16,000 shares of the stock in a transaction on Monday, May 19th. The shares were sold at an average price of $458.18, for a total value of $7,330,880.00. Following the transaction, the executive vice president directly owned 98,010 shares of the company's stock, valued at approximately $44,906,221.80. This trade represents a 14.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 46,350 shares of company stock valued at $21,493,447 over the last three months. Corporate insiders own 0.03% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on MSFT. Stifel Nicolaus lifted their target price on Microsoft from $500.00 to $550.00 and gave the stock a "buy" rating in a report on Monday, July 28th. Royal Bank Of Canada lifted their target price on Microsoft from $525.00 to $640.00 and gave the stock an "outperform" rating in a report on Thursday, July 31st. Jefferies Financial Group boosted their price objective on Microsoft from $600.00 to $675.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Citigroup boosted their price objective on Microsoft from $605.00 to $613.00 and gave the company a "buy" rating in a research note on Tuesday, July 22nd. Finally, Mizuho boosted their price objective on Microsoft from $540.00 to $625.00 and gave the company an "outperform" rating in a research note on Thursday, July 31st. Two investment analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the stock. According to MarketBeat, Microsoft presently has a consensus rating of "Moderate Buy" and a consensus target price of $609.86.

Microsoft Stock Performance

MSFT stock opened at $520.58 on Thursday. The firm has a market cap of $3.87 trillion, a PE ratio of 38.17, a P/E/G ratio of 2.32 and a beta of 1.06. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.12. The business has a 50 day moving average of $500.51 and a 200-day moving average of $439.91. Microsoft Corporation has a 12-month low of $344.79 and a 12-month high of $555.45.

Microsoft (NASDAQ:MSFT - Get Free Report) last released its earnings results on Wednesday, July 30th. The software giant reported $3.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.35 by $0.30. The company had revenue of $76.44 billion during the quarter, compared to analyst estimates of $73.79 billion. Microsoft had a return on equity of 32.44% and a net margin of 36.15%. Microsoft's quarterly revenue was up 18.1% on a year-over-year basis. During the same period in the prior year, the company posted $2.95 earnings per share. As a group, sell-side analysts expect that Microsoft Corporation will post 13.08 earnings per share for the current year.

Microsoft Dividend Announcement

The firm also recently announced 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 of this dividend is Thursday, August 21st. This represents a $3.32 annualized dividend and a dividend yield of 0.6%. Microsoft's dividend payout ratio is currently 24.34%.

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.

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