Schoolcraft Capital LLC Has $869,000 Stock Holdings in Microsoft Corporation (NASDAQ:MSFT)

Schoolcraft Capital LLC lifted its holdings in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) by 42.8% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,316 shares of the software giant's stock after purchasing an additional 694 shares during the quarter. Schoolcraft Capital LLC's holdings in Microsoft were worth $869,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in MSFT. Fosun International Ltd increased its position in shares of 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 purchasing an additional 23 shares during the period. Muirfield Wealth Advisors LLC increased its position in shares of Microsoft by 0.5% during the 4th quarter. Muirfield Wealth Advisors LLC now owns 4,427 shares of the software giant's stock valued at $1,866,000 after purchasing an additional 24 shares during the period. Retirement Financial Solutions LLC increased its position in shares of Microsoft by 2.3% during the 4th quarter. Retirement Financial Solutions LLC now owns 1,050 shares of the software giant's stock valued at $443,000 after purchasing an additional 24 shares during the period. Kuhn & Co Investment Counsel increased its position in shares of Microsoft by 0.8% during the 4th quarter. Kuhn & Co Investment Counsel now owns 3,286 shares of the software giant's stock valued at $1,385,000 after purchasing an additional 25 shares during the period. Finally, Alliance Wealth Management Group increased its position in shares of Microsoft by 0.4% during the 4th quarter. Alliance Wealth Management Group now owns 5,617 shares of the software giant's stock valued at $2,368,000 after purchasing an additional 25 shares during the period. Institutional investors and hedge funds own 71.13% of the company's stock.

Insider Transactions at Microsoft

In other Microsoft news, EVP Judson Althoff sold 16,000 shares of the business's stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $458.18, for a total value of $7,330,880.00. Following the transaction, the executive vice president owned 98,010 shares in the company, valued at $44,906,221.80. The trade was a 14.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Amy Coleman sold 13,243 shares of the business's stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $452.01, for a total value of $5,985,968.43. Following the completion of the transaction, the executive vice president owned 43,100 shares in the company, valued at $19,481,631. This trade represents a 23.50% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 135,743 shares of company stock valued at $60,224,683. Corporate insiders own 0.03% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Wall Street Zen cut Microsoft from a "buy" rating to a "hold" rating in a research report on Monday, June 30th. 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. DA Davidson lifted their price target on Microsoft from $500.00 to $600.00 and gave the company a "buy" rating in a research report on Wednesday, July 2nd. Guggenheim restated a "neutral" rating on shares of Microsoft in a report on Thursday, May 1st. Finally, KeyCorp restated a "sector weight" rating on shares of Microsoft in a report on Thursday, April 17th. Four research analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $538.04.

Microsoft Stock Down 0.0%

NASDAQ MSFT traded down $0.20 on Wednesday, reaching $505.62. The stock had a trading volume of 15,142,434 shares, compared to its average volume of 21,611,426. The business has a 50 day moving average price of $473.43 and a 200 day moving average price of $426.73. The company has a current ratio of 1.37, a quick ratio of 1.36 and a debt-to-equity ratio of 0.12. Microsoft Corporation has a 1 year low of $344.79 and a 1 year high of $508.30. The company has a market capitalization of $3.76 trillion, a price-to-earnings ratio of 39.07, a P/E/G ratio of 2.28 and a beta of 1.04.

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

Microsoft Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders 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 dividend on an annualized basis and a yield of 0.66%. Microsoft's dividend payout ratio (DPR) is currently 25.66%.

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.