Microsoft Corporation (NASDAQ:MSFT) Shares Sold by Runnymede Capital Advisors Inc.

Key Points

• Runnymede Capital Advisors Inc. reduced its stake in Microsoft Corporation by 3.9%, now holding 14,278 shares valued at approximately $5.36 million, making it the fund's 5th largest holding.
• Several hedge funds, including Fosun International Ltd and Retirement Financial Solutions LLC, have increased their positions in Microsoft, indicating strong institutional interest in the stock.
• Analysts have upgraded Microsoft's stock price targets, with UBS setting a target of $650 and Barclays raising it to $625, while the consensus rating remains at "Moderate Buy."

Runnymede Capital Advisors Inc. trimmed its position in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) by 3.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,278 shares of the software giant's stock after selling 583 shares during the period. Microsoft comprises 5.1% of Runnymede Capital Advisors Inc.'s portfolio, making the stock its 5th largest position. Runnymede Capital Advisors Inc.'s holdings in Microsoft were worth $5,360,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of MSFT. Fosun International Ltd raised its position 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 worth $2,490,000 after acquiring an additional 23 shares in the last quarter. Retirement Financial Solutions LLC raised 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 acquiring an additional 24 shares in the last quarter. Kuhn & Co Investment Counsel raised 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 acquiring an additional 25 shares in the last quarter. Alliance Wealth Management Group increased its position in 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 in the last quarter. Finally, Guidance Point Advisors LLC increased its position in 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 in the last quarter. 71.13% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on MSFT. Loop Capital lifted their price target on Microsoft from $550.00 to $600.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. Scotiabank boosted their target price on Microsoft from $500.00 to $650.00 and gave the stock a "sector outperform" rating in a research note on Thursday. UBS Group restated a "buy" rating and issued a $650.00 target price (up previously from $600.00) on shares of Microsoft in a research note on Thursday. KeyCorp upgraded Microsoft from a "sector weight" rating to an "overweight" rating and set a $630.00 target price on the stock in a research note on Thursday. Finally, Wells Fargo & Company restated an "overweight" rating and issued a $650.00 target price (up previously from $600.00) on shares of Microsoft in a research note on Thursday. Two investment analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $609.86.

Insider Transactions at Microsoft

In related news, EVP Judson Althoff sold 16,000 shares of the stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $458.18, for a total value of $7,330,880.00. Following the sale, the executive vice president directly owned 98,010 shares of the company's stock, valued at $44,906,221.80. This represents a 14.03% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Amy Coleman sold 13,243 shares of the firm'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 transaction of $5,985,968.43. Following the transaction, the executive vice president directly owned 43,100 shares in the company, valued at approximately $19,481,631. This trade represents a 23.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 60,743 shares of company stock worth $27,520,933. 0.03% of the stock is currently owned by corporate insiders.

Microsoft Price Performance

Shares of MSFT traded down $9.39 during trading hours on Friday, reaching $524.11. 28,948,527 shares of the stock traded hands, compared to its average volume of 17,331,950. The company has a current ratio of 1.35, a quick ratio of 1.36 and a debt-to-equity ratio of 0.12. Microsoft Corporation has a 52-week low of $344.79 and a 52-week high of $555.45. The company's 50-day moving average price is $489.94 and its two-hundred day moving average price is $434.94. The company has a market cap of $3.90 trillion, a P/E ratio of 38.42, a price-to-earnings-growth ratio of 2.35 and a beta of 1.06.

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

Microsoft Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Thursday, August 21st will be issued a $0.83 dividend. The ex-dividend date is Thursday, August 21st. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.6%. Microsoft's payout ratio is 24.34%.

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.