Microsoft Corporation (NASDAQ:MSFT) Shares Bought by Regatta Capital Group LLC

Regatta Capital Group LLC raised its stake in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) by 5.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,426 shares of the software giant's stock after purchasing an additional 1,314 shares during the quarter. Microsoft comprises 1.7% of Regatta Capital Group LLC's holdings, making the stock its 16th biggest position. Regatta Capital Group LLC's holdings in Microsoft were worth $8,794,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the stock. Parisi Gray Wealth Management increased its stake in Microsoft by 5.8% during the 1st quarter. Parisi Gray Wealth Management now owns 25,872 shares of the software giant's stock valued at $9,712,000 after purchasing an additional 1,421 shares in the last quarter. Panoramic Capital Partners LLC grew its position in Microsoft by 7.8% during the first quarter. Panoramic Capital Partners LLC now owns 17,137 shares of the software giant's stock valued at $6,076,000 after buying an additional 1,237 shares during the period. Bruce G. Allen Investments LLC grew its position in Microsoft by 1.6% during the first quarter. Bruce G. Allen Investments LLC now owns 1,727 shares of the software giant's stock valued at $648,000 after buying an additional 27 shares during the period. International Private Wealth Advisors LLC grew its position in Microsoft by 5.2% during the first quarter. International Private Wealth Advisors LLC now owns 5,409 shares of the software giant's stock valued at $2,030,000 after buying an additional 269 shares during the period. Finally, Henrickson Nauta Wealth Advisors Inc. grew its position in Microsoft by 2.6% during the first quarter. Henrickson Nauta Wealth Advisors Inc. now owns 2,982 shares of the software giant's stock valued at $1,137,000 after buying an additional 75 shares during the period. Institutional investors and hedge funds own 71.13% of the company's stock.

Microsoft Trading Down 0.4%

MSFT stock traded down $2.03 during trading on Thursday, reaching $501.48. 16,466,043 shares of the stock were exchanged, compared to its average volume of 21,666,022. The company has a current ratio of 1.37, a quick ratio of 1.36 and a debt-to-equity ratio of 0.12. The business has a 50 day moving average price of $467.76 and a 200-day moving average price of $424.96. Microsoft Corporation has a 1 year low of $344.79 and a 1 year high of $506.78. The firm has a market capitalization of $3.73 trillion, a price-to-earnings ratio of 38.75, a P/E/G ratio of 2.25 and a beta of 1.04.

Microsoft (NASDAQ:MSFT - Get Free Report) last issued its earnings results 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 net margin of 35.79% and a return on equity of 32.74%. The company had revenue of $70.07 billion for the quarter, compared to the consensus estimate of $68.54 billion. During the same period in the previous year, the firm earned $2.94 earnings per share. Microsoft's quarterly revenue was up 13.3% compared to the same quarter last year. On average, research analysts predict that Microsoft Corporation will post 13.08 earnings per share for the current year.

Microsoft Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Thursday, August 21st will be paid a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.66%. The ex-dividend date of this dividend is Thursday, August 21st. Microsoft's dividend payout ratio (DPR) is 25.66%.

Analyst Upgrades and Downgrades

MSFT has been the topic of several analyst reports. Barclays raised their price target 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. Piper Sandler raised their price target on shares of Microsoft from $475.00 to $600.00 and gave the company an "overweight" rating in a research report on Thursday. Raymond James Financial raised their price target on shares of Microsoft from $480.00 to $490.00 and gave the company an "outperform" rating in a research report on Thursday, May 1st. Royal Bank Of Canada reiterated an "outperform" rating and issued a $525.00 target price on shares of Microsoft in a research report on Friday, May 23rd. Finally, Wedbush lifted their target price on shares of Microsoft from $515.00 to $600.00 and gave the company an "outperform" rating in a research report on Wednesday, June 25th. Four investment analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the company's stock. According to MarketBeat.com, Microsoft currently has a consensus rating of "Moderate Buy" and an average price target of $534.14.

Insiders Place Their Bets

In other news, EVP Judson Althoff sold 16,000 shares of the business's stock in a transaction that occurred 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 sale, the executive vice president directly owned 98,010 shares of the company's stock, valued at approximately $44,906,221.80. The trade was a 14.03% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Takeshi Numoto sold 3,000 shares of the business's stock in a transaction that occurred on 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 completion of the sale, the executive vice president directly owned 43,930 shares in the company, valued at $20,339,590. This trade represents a 6.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 135,743 shares of company stock worth $60,224,683. Insiders own 0.03% of the company's stock.

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.