Sienna Gestion Sells 19,321 Shares of Microsoft Co. (NASDAQ:MSFT)

Sienna Gestion reduced its stake in Microsoft Co. (NASDAQ:MSFT - Free Report) by 8.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 216,464 shares of the software giant's stock after selling 19,321 shares during the period. Microsoft accounts for about 6.2% of Sienna Gestion's holdings, making the stock its 3rd biggest position. Sienna Gestion's holdings in Microsoft were worth $91,226,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Muirfield Wealth Advisors LLC grew its holdings 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 worth $1,866,000 after purchasing an additional 24 shares during the period. Retirement Financial Solutions LLC lifted its position in Microsoft by 2.3% during the fourth quarter. Retirement Financial Solutions LLC now owns 1,050 shares of the software giant's stock valued at $443,000 after buying an additional 24 shares in the last quarter. Boulder Wealth Advisors LLC grew its stake in Microsoft by 1.0% during the third quarter. Boulder Wealth Advisors LLC now owns 2,569 shares of the software giant's stock worth $1,106,000 after buying an additional 25 shares during the period. Sterling Group Wealth Management LLC grew its stake in Microsoft by 0.5% during the fourth quarter. Sterling Group Wealth Management LLC now owns 5,540 shares of the software giant's stock worth $2,335,000 after buying an additional 25 shares during the period. Finally, Kuhn & Co Investment Counsel increased its position in shares of Microsoft by 0.8% in the fourth 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. Institutional investors and hedge funds own 71.13% of the company's stock.

Microsoft Price Performance

Shares of NASDAQ MSFT opened at $452.57 on Thursday. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $3.36 trillion, a price-to-earnings ratio of 36.44, a price-to-earnings-growth ratio of 2.21 and a beta of 0.99. Microsoft Co. has a twelve month low of $344.79 and a twelve month high of $468.35. The business has a 50 day simple moving average of $399.71 and a 200-day simple moving average of $413.31.

Microsoft (NASDAQ:MSFT - Get Free Report) last released its earnings results on Wednesday, April 30th. The software giant reported $3.46 earnings per share for the quarter, beating the consensus estimate of $3.22 by $0.24. The firm had revenue of $70.07 billion during the quarter, compared to analyst estimates of $68.54 billion. Microsoft had a net margin of 35.43% and a return on equity of 33.36%. The firm's revenue for the quarter was up 13.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.94 earnings per share. As a group, equities research analysts expect that Microsoft Co. 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, June 12th. Investors of record on Thursday, May 15th will be given a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date is Thursday, May 15th. Microsoft's dividend payout ratio is presently 25.66%.

Insider Activity at Microsoft

In related news, insider Bradford L. Smith sold 6,000 shares of the business's stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $433.17, for a total transaction of $2,599,020.00. Following the completion of the transaction, the insider now owns 471,036 shares in the company, valued at $204,038,664.12. The trade was a 1.26% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Judson Althoff sold 16,000 shares of the company's stock in a transaction on 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 now owns 98,010 shares of the company's stock, valued at approximately $44,906,221.80. The trade was a 14.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 110,243 shares of company stock valued at $48,619,618 in the last quarter. Insiders own 0.03% of the company's stock.

Wall Street Analysts Forecast Growth

MSFT has been the topic of several recent research reports. Guggenheim restated a "neutral" rating on shares of Microsoft in a report on Thursday, May 1st. Stifel Nicolaus upped their target price on Microsoft from $475.00 to $500.00 and gave the stock a "buy" rating in a research report on Thursday, May 1st. BMO Capital Markets reiterated an "outperform" rating on shares of Microsoft in a research note on Wednesday. TD Securities raised their target price on Microsoft from $475.00 to $490.00 and gave the company a "buy" rating in a report on Thursday, May 1st. Finally, Raymond James upped their price target on Microsoft from $480.00 to $490.00 and gave the stock an "outperform" rating in a report on Thursday, May 1st. Four equities research analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Microsoft has an average rating of "Moderate Buy" and an average price target of $512.63.

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.

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