Rossby Financial LCC Buys 1,374 Shares of Microsoft Corporation (NASDAQ:MSFT)

Rossby Financial LCC increased its holdings in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) by 16.7% in the first quarter, according to its most recent filing with the SEC. The fund owned 9,581 shares of the software giant's stock after acquiring an additional 1,374 shares during the period. Microsoft comprises 1.6% of Rossby Financial LCC's portfolio, making the stock its 14th biggest position. Rossby Financial LCC's holdings in Microsoft were worth $3,754,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of MSFT. Fosun International Ltd increased its holdings in shares of Microsoft by 0.3% in the 1st quarter. Fosun International Ltd now owns 6,633 shares of the software giant's stock valued at $2,490,000 after acquiring an additional 23 shares during the period. Retirement Financial Solutions LLC lifted its position in Microsoft by 2.3% during the 4th quarter. Retirement Financial Solutions LLC now owns 1,050 shares of the software giant's stock worth $443,000 after acquiring an additional 24 shares during the period. Kuhn & Co Investment Counsel lifted its holdings 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 valued at $1,385,000 after buying an additional 25 shares during the period. Alliance Wealth Management Group lifted its holdings in shares of Microsoft by 0.4% in the 4th quarter. Alliance Wealth Management Group now owns 5,617 shares of the software giant's stock valued at $2,368,000 after buying an additional 25 shares during the period. Finally, Guidance Point Advisors LLC lifted its holdings in shares of Microsoft by 0.6% in the 4th quarter. Guidance Point Advisors LLC now owns 4,294 shares of the software giant's stock valued at $1,811,000 after buying an additional 25 shares during the period. 71.13% of the stock is owned by institutional investors.

Microsoft Stock Performance

Shares of MSFT stock opened at $520.17 on Friday. The stock's 50-day moving average is $502.60 and its two-hundred day moving average is $441.02. The firm has a market cap of $3.87 trillion, a price-to-earnings ratio of 38.14, a PEG ratio of 2.29 and a beta of 1.06. Microsoft Corporation has a 1 year low of $344.79 and a 1 year high of $555.45. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.35 and a current ratio of 1.35.

Microsoft (NASDAQ:MSFT - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The software giant reported $3.65 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.35 by $0.30. The firm had revenue of $76.44 billion for the quarter, compared to analyst estimates of $73.79 billion. Microsoft had a return on equity of 32.44% and a net margin of 36.15%. The business's revenue was up 18.1% on a year-over-year basis. During the same quarter last year, the company posted $2.95 earnings per share. Analysts predict that Microsoft Corporation will post 13.08 earnings per share for the current year.

Microsoft Dividend Announcement

The firm 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 dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Thursday, August 21st. Microsoft's dividend payout ratio (DPR) is 24.34%.

Analyst Upgrades and Downgrades

Several brokerages have commented on MSFT. KeyCorp raised Microsoft from a "sector weight" rating to an "overweight" rating and set a $630.00 price objective on the stock in a report on Thursday, July 31st. Mizuho upped their price target on Microsoft from $540.00 to $625.00 and gave the company an "outperform" rating in a research report on Thursday, July 31st. Jefferies Financial Group increased their price objective on Microsoft from $600.00 to $675.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. TD Cowen upped their price target on Microsoft from $580.00 to $640.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Finally, The Goldman Sachs Group upped their price target on Microsoft from $480.00 to $550.00 and gave the stock a "buy" rating in a research note on Wednesday, May 21st. Two analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $609.86.

Insider Transactions at Microsoft

In other news, EVP Judson Althoff sold 16,000 shares of the firm'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 transaction of $7,330,880.00. Following the completion of the transaction, the executive vice president directly owned 98,010 shares of the company's stock, valued at $44,906,221.80. This trade represents a 14.03% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Takeshi Numoto sold 4,850 shares of Microsoft stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $527.32, for a total value of $2,557,502.00. Following the completion of the sale, the executive vice president directly owned 39,111 shares of the company's stock, valued at approximately $20,624,012.52. This represents a 11.03% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 46,350 shares of company stock valued at $21,493,447 in the last ninety days. Corporate insiders own 0.03% of the company's stock.

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.

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