Requisite Capital Management LLC Sells 2,264 Shares of Microsoft Corporation (NASDAQ:MSFT)

Requisite Capital Management LLC lowered its position 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. The firm owned 6,423 shares of the software giant's stock after selling 2,264 shares during the quarter. Microsoft accounts for about 0.5% of Requisite Capital Management LLC's holdings, making the stock its 17th largest position. Requisite Capital Management LLC's holdings in Microsoft were worth $2,411,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Ball & Co Wealth Management Inc. acquired a new position in shares of Microsoft in the 4th quarter worth approximately $31,000. Fiduciary Advisors Inc. acquired a new stake in Microsoft during the 4th quarter valued at $38,000. LSV Asset Management acquired a new stake in Microsoft during the 4th quarter valued at $44,000. IFS Advisors LLC increased its holdings in Microsoft by 50.0% during the 1st quarter. IFS Advisors LLC now owns 150 shares of the software giant's stock valued at $57,000 after purchasing an additional 50 shares in the last quarter. Finally, Fairway Wealth LLC acquired a new stake in Microsoft during the 4th quarter valued at $62,000. Institutional investors own 71.13% of the company's stock.

Insider Activity at Microsoft

In related news, EVP Amy Coleman sold 13,243 shares of the business's stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $452.01, for a total value of $5,985,968.43. Following the completion of the sale, the executive vice president directly owned 43,100 shares in the company, valued at approximately $19,481,631. The trade was a 23.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. 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 transaction, the executive vice president owned 43,930 shares of the company's stock, valued at approximately $20,339,590. This represents a 6.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 135,743 shares of company stock valued at $60,224,683. Insiders own 0.03% of the company's stock.

Analysts Set New Price Targets

MSFT has been the subject of a number of recent analyst reports. Evercore ISI set a $515.00 price target on Microsoft and gave the company an "outperform" rating in a report on Wednesday, May 21st. BMO Capital Markets raised their price target on Microsoft from $485.00 to $550.00 and gave the stock an "outperform" rating in a research report on Thursday. Wells Fargo & Company raised their price target on Microsoft from $565.00 to $585.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 25th. Jefferies Financial Group raised their price target on Microsoft from $475.00 to $550.00 and gave the stock a "buy" rating in a research report on Thursday, May 1st. Finally, Raymond James Financial lifted their target price on Microsoft from $480.00 to $490.00 and gave the stock an "outperform" rating in a report on Thursday, May 1st. Four analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the stock. Based on data from MarketBeat, Microsoft has an average rating of "Moderate Buy" and an average price target of $534.14.

Microsoft Price Performance

NASDAQ:MSFT opened at $501.48 on Friday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.36 and a current ratio of 1.37. The stock's 50-day simple moving average is $469.28 and its 200 day simple moving average is $425.41. The company has a market cap of $3.73 trillion, a P/E ratio of 38.75, a P/E/G ratio of 2.28 and a beta of 1.04. Microsoft Corporation has a 52-week low of $344.79 and a 52-week high of $506.78.

Microsoft (NASDAQ:MSFT - Get Free Report) last released its earnings results on Wednesday, April 30th. The software giant reported $3.46 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.22 by $0.24. The business had revenue of $70.07 billion for the quarter, compared to the consensus estimate of $68.54 billion. Microsoft had a return on equity of 32.74% and a net margin of 35.79%. Microsoft's quarterly revenue was up 13.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.94 earnings per share. As a group, sell-side analysts forecast that Microsoft Corporation will post 13.08 EPS for the current fiscal year.

Microsoft Dividend Announcement

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

About Microsoft

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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