Microsoft Corporation (NASDAQ:MSFT) Shares Purchased by Single Point Partners LLC

Single Point Partners LLC raised its position in Microsoft Corporation (NASDAQ:MSFT - Free Report) by 23.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,912 shares of the software giant's stock after purchasing an additional 736 shares during the quarter. Single Point Partners LLC's holdings in Microsoft were worth $1,469,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of MSFT. Priebe Wealth Holdings LLC raised its stake in shares of Microsoft by 7.2% in the 1st quarter. Priebe Wealth Holdings LLC now owns 2,454 shares of the software giant's stock valued at $921,000 after acquiring an additional 164 shares during the period. 25 LLC raised its stake in shares of Microsoft by 2.7% in the 1st quarter. 25 LLC now owns 2,740 shares of the software giant's stock valued at $1,029,000 after acquiring an additional 73 shares during the period. Capital Investment Advisors LLC raised its stake in shares of Microsoft by 4.7% in the 1st quarter. Capital Investment Advisors LLC now owns 202,810 shares of the software giant's stock valued at $76,133,000 after acquiring an additional 9,159 shares during the period. Hickory Point Bank & Trust raised its stake in shares of Microsoft by 6.8% in the 1st quarter. Hickory Point Bank & Trust now owns 6,416 shares of the software giant's stock valued at $2,409,000 after acquiring an additional 411 shares during the period. Finally, Tilia Fiduciary Partners Inc. raised its stake in shares of Microsoft by 3.8% in the 1st quarter. Tilia Fiduciary Partners Inc. now owns 12,981 shares of the software giant's stock valued at $4,873,000 after acquiring an additional 476 shares during the period. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Microsoft Stock Performance

Microsoft stock traded up $6.89 during midday trading on Wednesday, hitting $503.51. 18,633,770 shares of the company's stock were exchanged, compared to its average volume of 21,667,813. Microsoft Corporation has a 12-month low of $344.79 and a 12-month high of $506.65. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.36 and a current ratio of 1.37. The stock has a market cap of $3.74 trillion, a price-to-earnings ratio of 38.91, a price-to-earnings-growth ratio of 2.25 and a beta of 1.04. The firm's 50 day simple moving average is $465.60 and its 200 day simple moving average is $424.41.

Microsoft (NASDAQ:MSFT - Get Free Report) last released its earnings results on Wednesday, April 30th. The software giant reported $3.46 EPS for the quarter, topping the consensus estimate of $3.22 by $0.24. Microsoft had a net margin of 35.79% and a return on equity of 32.74%. The company had revenue of $70.07 billion during the quarter, compared to analysts' expectations of $68.54 billion. During the same quarter last year, the business earned $2.94 EPS. The business's revenue was up 13.3% on a year-over-year basis. Equities research analysts predict that Microsoft Corporation will post 13.08 EPS for the current year.

Microsoft Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Thursday, August 21st will be paid a $0.83 dividend. This represents a $3.32 annualized dividend and a dividend yield of 0.66%. The ex-dividend date is Thursday, August 21st. Microsoft's dividend payout ratio (DPR) is presently 25.66%.

Insider Buying and Selling

In related news, insider Bradford L. Smith sold 6,000 shares of the firm's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $433.17, for a total value of $2,599,020.00. Following the completion of the sale, the insider owned 471,036 shares in the company, valued at $204,038,664.12. This trade represents a 1.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Amy Coleman sold 13,243 shares of the firm's stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $452.01, for a total transaction of $5,985,968.43. Following the completion of the sale, the executive vice president owned 43,100 shares of the company's stock, valued at $19,481,631. This trade represents a 23.50% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 135,743 shares of company stock worth $60,224,683. 0.03% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on MSFT shares. Mizuho boosted their price target on shares of Microsoft from $475.00 to $500.00 and gave the company an "outperform" rating in a research note on Thursday, May 1st. Westpark Capital reaffirmed a "hold" rating on shares of Microsoft in a research note on Thursday, May 1st. Tigress Financial upped their target price on shares of Microsoft from $550.00 to $595.00 and gave the stock a "buy" rating in a research note on Thursday, March 20th. BMO Capital Markets reaffirmed an "outperform" rating on shares of Microsoft in a research note on Wednesday, May 21st. Finally, Benchmark reaffirmed a "buy" rating on shares of Microsoft in a research note on Thursday, May 1st. Four equities research analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $527.31.

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.