RMR Wealth Builders Sells 805 Shares of Microsoft Corporation (NASDAQ:MSFT)

RMR Wealth Builders lowered its holdings in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) by 1.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 48,853 shares of the software giant's stock after selling 805 shares during the period. Microsoft makes up about 1.9% of RMR Wealth Builders' holdings, making the stock its 12th biggest position. RMR Wealth Builders' holdings in Microsoft were worth $18,339,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. Ball & Co Wealth Management Inc. bought a new position in shares of Microsoft in the fourth quarter valued at $31,000. Fiduciary Advisors Inc. bought a new position in shares of Microsoft in the fourth quarter valued at $38,000. LSV Asset Management bought a new position in shares of Microsoft in the fourth quarter valued at $44,000. Fairway Wealth LLC bought a new position in shares of Microsoft in the fourth quarter valued at $62,000. Finally, IFS Advisors LLC lifted its stake in shares of Microsoft by 50.0% in the first quarter. IFS Advisors LLC now owns 150 shares of the software giant's stock valued at $57,000 after buying an additional 50 shares in the last quarter. 71.13% of the stock is currently owned by institutional investors.

Insider Activity at Microsoft

In related news, EVP Kathleen T. Hogan sold 21,500 shares of Microsoft stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $453.77, for a total transaction of $9,756,055.00. Following the sale, the executive vice president directly owned 134,888 shares in the company, valued at $61,208,127.76. The trade was a 13.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Takeshi Numoto sold 3,000 shares of Microsoft stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $463.00, for a total value of $1,389,000.00. Following the transaction, the executive vice president owned 43,930 shares of the company's stock, valued at $20,339,590. The trade was a 6.39% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 135,743 shares of company stock valued at $60,224,683 over the last ninety days. Insiders own 0.03% of the company's stock.

Microsoft Trading Down 0.1%

MSFT traded down $0.63 on Friday, hitting $511.07. 3,614,580 shares of the company were exchanged, compared to its average volume of 21,543,698. The firm has a fifty day simple moving average of $476.35 and a two-hundred day simple moving average of $427.88. 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 Corporation has a 12 month low of $344.79 and a 12 month high of $515.46. The stock has a market capitalization of $3.80 trillion, a PE ratio of 39.55, a price-to-earnings-growth ratio of 2.30 and a beta of 1.04.

Microsoft (NASDAQ:MSFT - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The software giant reported $3.46 earnings per share for the quarter, topping analysts' consensus estimates of $3.22 by $0.24. The firm 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 business's quarterly revenue was up 13.3% compared to the same quarter last year. During the same period last year, the company earned $2.94 EPS. Sell-side analysts expect that Microsoft Corporation will post 13.08 earnings per share for the current year.

Microsoft Announces Dividend

The company 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 of this dividend is Thursday, August 21st. This represents a $3.32 annualized dividend and a dividend yield of 0.65%. Microsoft's dividend payout ratio is presently 25.66%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on MSFT shares. Guggenheim reissued a "neutral" rating on shares of Microsoft in a research report on Thursday, May 1st. Citigroup increased their price target on Microsoft from $540.00 to $605.00 and gave the company a "buy" rating in a research report on Wednesday, June 11th. Wedbush increased their price target on Microsoft from $515.00 to $600.00 and gave the company an "outperform" rating in a research report on Wednesday, June 25th. Evercore ISI set a $515.00 price target on Microsoft and gave the company an "outperform" rating in a research report on Wednesday, May 21st. Finally, Westpark Capital reissued a "hold" rating on shares of Microsoft in a research report on Thursday, May 1st. Four analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $541.79.

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.