Petredis Investment Advisors LLC Purchases 1,519 Shares of Microsoft Corporation (NASDAQ:MSFT)

Petredis Investment Advisors LLC grew its position in Microsoft Corporation (NASDAQ:MSFT - Free Report) by 1.2% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 125,372 shares of the software giant's stock after purchasing an additional 1,519 shares during the period. Microsoft comprises about 4.9% of Petredis Investment Advisors LLC's portfolio, making the stock its 3rd largest position. Petredis Investment Advisors LLC's holdings in Microsoft were worth $47,063,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of MSFT. Norges Bank acquired a new stake in Microsoft during the 4th quarter worth approximately $44,343,058,000. GAMMA Investing LLC raised its holdings in shares of Microsoft by 40,290.4% during the first quarter. GAMMA Investing LLC now owns 46,695,303 shares of the software giant's stock worth $17,528,950,000 after acquiring an additional 46,579,693 shares during the period. Proficio Capital Partners LLC raised its holdings in shares of Microsoft by 34,643.3% during the fourth quarter. Proficio Capital Partners LLC now owns 16,837,278 shares of the software giant's stock worth $7,096,913,000 after acquiring an additional 16,788,816 shares during the period. Northern Trust Corp raised its holdings in shares of Microsoft by 16.1% during the fourth quarter. Northern Trust Corp now owns 83,787,746 shares of the software giant's stock worth $35,316,535,000 after acquiring an additional 11,600,470 shares during the period. Finally, Vanguard Group Inc. raised its stake in shares of Microsoft by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 684,071,705 shares of the software giant's stock valued at $288,336,224,000 after purchasing an additional 10,431,988 shares during the period. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have issued reports on the company. Citigroup lifted their price target on Microsoft from $540.00 to $605.00 and gave the company a "buy" rating in a research note on Wednesday, June 11th. Oppenheimer raised Microsoft from a "market perform" rating to an "outperform" rating and set a $600.00 target price on the stock in a research report on Wednesday. Evercore ISI set a $515.00 price objective on shares of Microsoft and gave the stock an "outperform" rating in a research report on Wednesday, May 21st. Westpark Capital reissued a "hold" rating on shares of Microsoft in a research report on Thursday, May 1st. Finally, Morgan Stanley reiterated an "overweight" rating and issued a $530.00 price target (up from $482.00) on shares of Microsoft in a research note on Thursday, June 26th. Four 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.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $534.14.

Insider Buying and Selling

In other Microsoft news, EVP Judson Althoff sold 16,000 shares of the stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $458.18, for a total transaction of $7,330,880.00. Following the transaction, the executive vice president owned 98,010 shares in the company, valued at $44,906,221.80. This represents a 14.03% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Bradford L. Smith sold 75,000 shares of the stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $436.05, for a total transaction of $32,703,750.00. Following the transaction, the insider owned 476,999 shares in the company, valued at approximately $207,995,413.95. The trade was a 13.59% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 135,743 shares of company stock valued at $60,224,683 in the last ninety days. 0.03% of the stock is currently owned by company insiders.

Microsoft Price Performance

NASDAQ:MSFT opened at $503.32 on Friday. Microsoft Corporation has a one year low of $344.79 and a one year high of $506.78. The company has a market cap of $3.74 trillion, a P/E ratio of 38.90, a P/E/G ratio of 2.27 and a beta of 1.04. The firm's fifty day moving average price is $470.64 and its two-hundred day moving average price is $425.85. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.37 and a quick ratio of 1.36.

Microsoft (NASDAQ:MSFT - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The software giant reported $3.46 EPS for the quarter, beating analysts' consensus estimates of $3.22 by $0.24. Microsoft had a net margin of 35.79% and a return on equity of 32.74%. The business had revenue of $70.07 billion for the quarter, compared to analyst estimates of $68.54 billion. During the same quarter in the prior year, the business earned $2.94 EPS. Microsoft's quarterly revenue was up 13.3% on a year-over-year basis. Equities analysts expect 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. Stockholders of record on Thursday, August 21st will be given a $0.83 dividend. This represents a $3.32 annualized dividend and a dividend yield of 0.66%. The ex-dividend date of this dividend is Thursday, August 21st. Microsoft's payout ratio is 25.66%.

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.

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