Reliant Investment Management LLC Sells 829 Shares of Microsoft Corporation (NASDAQ:MSFT)

Reliant Investment Management LLC lessened its position in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) by 5.7% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 13,613 shares of the software giant's stock after selling 829 shares during the period. Microsoft comprises 2.7% of Reliant Investment Management LLC's portfolio, making the stock its 22nd largest position. Reliant Investment Management LLC's holdings in Microsoft were worth $5,110,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in MSFT. Ball & Co Wealth Management Inc. bought a new position in shares of Microsoft during the fourth quarter valued at approximately $31,000. Fiduciary Advisors Inc. acquired a new position in Microsoft during the 4th quarter valued at approximately $38,000. LSV Asset Management acquired a new position in Microsoft during the 4th quarter valued at approximately $44,000. IFS Advisors LLC grew its stake 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 last quarter. Finally, Fairway Wealth LLC acquired a new stake in Microsoft in the fourth quarter worth $62,000. Institutional investors and hedge funds own 71.13% of the company's stock.

Analyst Upgrades and Downgrades

MSFT has been the subject of several analyst reports. Stifel Nicolaus boosted their price target on shares of Microsoft from $475.00 to $500.00 and gave the company a "buy" rating in a report on Thursday, May 1st. Royal Bank Of Canada reissued an "outperform" rating and set a $525.00 target price on shares of Microsoft in a research note on Friday, May 23rd. DA Davidson raised their price target on shares of Microsoft from $500.00 to $600.00 and gave the company a "buy" rating in a research note on Wednesday, July 2nd. Barclays lifted their price target on Microsoft from $430.00 to $494.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. Finally, Evercore ISI set a $515.00 target price on Microsoft and gave the company an "outperform" rating in a research report on Wednesday, May 21st. Five research analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $524.71.

Insider Buying and Selling at Microsoft

In other news, insider Bradford L. Smith sold 6,000 shares of Microsoft stock in a transaction on Monday, May 5th. The stock was sold at an average price of $433.17, for a total value of $2,599,020.00. Following the completion of the sale, the insider directly owned 471,036 shares of the company's stock, valued at approximately $204,038,664.12. This trade represents a 1.26% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Takeshi Numoto sold 3,000 shares of Microsoft 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 completion of the sale, the executive vice president owned 43,930 shares of the company's stock, valued at approximately $20,339,590. The trade was a 6.39% decrease in their ownership of the stock. 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 three months. Insiders own 0.03% of the company's stock.

Microsoft Stock Down 0.2%

Shares of NASDAQ MSFT traded down $1.12 during mid-day trading on Monday, reaching $497.72. The company had a trading volume of 13,791,654 shares, compared to its average volume of 21,684,120. The stock's 50 day moving average is $461.41 and its 200-day moving average is $423.48. Microsoft Corporation has a twelve month low of $344.79 and a twelve month high of $500.76. The stock has a market capitalization of $3.70 trillion, a PE ratio of 38.46, a price-to-earnings-growth ratio of 2.26 and a beta of 1.04. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.36 and a current ratio of 1.37.

Microsoft (NASDAQ:MSFT - Get Free Report) last posted 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. The business had revenue of $70.07 billion for the quarter, compared to analyst estimates of $68.54 billion. Microsoft had a return on equity of 32.74% and a net margin of 35.79%. The firm's revenue for the quarter was up 13.3% on a year-over-year basis. During the same period in the previous year, the company posted $2.94 earnings per share. As a group, equities analysts anticipate that Microsoft Corporation will post 13.08 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Investors 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 yield of 0.67%. Microsoft's dividend payout ratio (DPR) 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.