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

Requisite Capital Management LLC trimmed its holdings in Microsoft Corporation (NASDAQ:MSFT - Free Report) by 26.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,423 shares of the software giant's stock after selling 2,264 shares during the quarter. Microsoft comprises 0.5% of Requisite Capital Management LLC's portfolio, making the stock its 17th largest holding. Requisite Capital Management LLC's holdings in Microsoft were worth $2,411,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Fosun International Ltd boosted its position in Microsoft by 0.3% during the 1st quarter. Fosun International Ltd now owns 6,633 shares of the software giant's stock valued at $2,490,000 after buying an additional 23 shares during the period. Muirfield Wealth Advisors LLC raised its stake in shares of Microsoft by 0.5% during the fourth quarter. Muirfield Wealth Advisors LLC now owns 4,427 shares of the software giant's stock valued at $1,866,000 after acquiring an additional 24 shares during the last quarter. Retirement Financial Solutions LLC grew its position in shares of Microsoft by 2.3% in the 4th quarter. Retirement Financial Solutions LLC now owns 1,050 shares of the software giant's stock worth $443,000 after buying an additional 24 shares during the last quarter. Sterling Group Wealth Management LLC grew its position in shares of Microsoft by 0.5% in the 4th quarter. Sterling Group Wealth Management LLC now owns 5,540 shares of the software giant's stock worth $2,335,000 after buying an additional 25 shares during the last quarter. Finally, Kuhn & Co Investment Counsel grew its position in shares of Microsoft by 0.8% in the 4th quarter. Kuhn & Co Investment Counsel now owns 3,286 shares of the software giant's stock worth $1,385,000 after buying an additional 25 shares during the last quarter. 71.13% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Oppenheimer upgraded shares of Microsoft from a "market perform" rating to an "outperform" rating and set a $600.00 price target on the stock in a report on Wednesday. Evercore ISI set a $515.00 target price on shares of Microsoft and gave the stock an "outperform" rating in a research report on Wednesday, May 21st. Needham & Company LLC restated a "buy" rating on shares of Microsoft in a research note on Thursday, May 1st. Benchmark restated a "buy" rating on shares of Microsoft in a research report on Thursday, May 1st. Finally, BMO Capital Markets lifted their price target on Microsoft from $485.00 to $550.00 and gave the company an "outperform" rating in a research report on Thursday. Four research analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $534.14.

Insider Transactions at Microsoft

In other news, EVP Kathleen T. Hogan sold 21,500 shares of the company's stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $453.77, for a total value of $9,756,055.00. Following the completion of the sale, the executive vice president directly owned 134,888 shares in the company, valued at $61,208,127.76. This represents a 13.75% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Takeshi Numoto sold 3,000 shares of the company's stock in a transaction on 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 $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. Insiders sold a total of 135,743 shares of company stock worth $60,224,683 over the last three months. 0.03% of the stock is currently owned by insiders.

Microsoft Stock Performance

Microsoft stock traded up $1.84 during midday trading on Friday, reaching $503.32. 16,454,184 shares of the company traded hands, compared to its average volume of 21,657,924. The firm has a market capitalization of $3.74 trillion, a price-to-earnings ratio of 38.90, a price-to-earnings-growth ratio of 2.28 and a beta of 1.04. The business has a 50 day moving average of $469.28 and a two-hundred day moving average of $425.41. Microsoft Corporation has a 12 month low of $344.79 and a 12 month high of $506.78. 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 earnings results on Wednesday, April 30th. The software giant reported $3.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.22 by $0.24. The business had revenue of $70.07 billion for the quarter, compared to analysts' expectations of $68.54 billion. Microsoft had a return on equity of 32.74% and a net margin of 35.79%. The business's revenue for the quarter was up 13.3% on a year-over-year basis. During the same period last year, the firm posted $2.94 earnings per share. As a group, research analysts predict that Microsoft Corporation will post 13.08 earnings per share for the current year.

Microsoft Dividend Announcement

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 paid a $0.83 dividend. The ex-dividend date is Thursday, August 21st. This represents a $3.32 annualized dividend and a dividend yield of 0.66%. Microsoft's dividend payout ratio (DPR) is 25.66%.

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.