Tiptree Advisors LLC Takes Position in Microsoft Corporation (NASDAQ:MSFT)

Tiptree Advisors LLC bought a new stake in Microsoft Corporation (NASDAQ:MSFT - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 17,600 shares of the software giant's stock, valued at approximately $7,418,000. Microsoft makes up approximately 7.7% of Tiptree Advisors LLC's investment portfolio, making the stock its 4th biggest position.

Other hedge funds also recently modified their holdings of the company. Adamsbrown Wealth Consultants LLC grew its holdings in shares of Microsoft by 2.2% in the fourth quarter. Adamsbrown Wealth Consultants LLC now owns 5,967 shares of the software giant's stock valued at $2,515,000 after acquiring an additional 130 shares in the last quarter. Mcdaniel Terry & Co. boosted its position in Microsoft by 6.1% in the fourth quarter. Mcdaniel Terry & Co. now owns 315,594 shares of the software giant's stock worth $133,023,000 after purchasing an additional 18,052 shares during the last quarter. 1900 Wealth Management LLC grew its stake in Microsoft by 3.0% in the 4th quarter. 1900 Wealth Management LLC now owns 10,140 shares of the software giant's stock valued at $4,274,000 after purchasing an additional 294 shares during the period. Strategic Financial Services Inc. increased its position in shares of Microsoft by 7.8% during the 4th quarter. Strategic Financial Services Inc. now owns 17,426 shares of the software giant's stock valued at $7,345,000 after purchasing an additional 1,268 shares during the last quarter. Finally, Elevate Wealth Advisory Inc. increased its position in shares of Microsoft by 147.9% during the 4th quarter. Elevate Wealth Advisory Inc. now owns 1,748 shares of the software giant's stock valued at $737,000 after purchasing an additional 1,043 shares during the last quarter. Hedge funds and other institutional investors own 71.13% of the company's stock.

Microsoft Price Performance

NASDAQ:MSFT traded down $2.84 during mid-day trading on Friday, hitting $477.40. 37,241,095 shares of the stock traded hands, compared to its average volume of 21,515,262. The business's 50-day moving average price is $437.84 and its 200 day moving average price is $420.40. The company has a quick ratio of 1.36, a current ratio of 1.37 and a debt-to-equity ratio of 0.12. The company has a market cap of $3.55 trillion, a PE ratio of 36.89, a price-to-earnings-growth ratio of 2.43 and a beta of 1.03. Microsoft Corporation has a 12-month low of $344.79 and a 12-month high of $483.46.

Microsoft (NASDAQ:MSFT - Get Free Report) last released its quarterly 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. 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 35.79% and a return on equity of 32.74%. The business's revenue for the quarter was up 13.3% on a year-over-year basis. During the same period in the previous year, the business earned $2.94 EPS. On average, analysts expect that Microsoft Corporation will post 13.08 EPS for the current fiscal year.

Microsoft Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Thursday, August 21st will be given a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a yield of 0.70%. The ex-dividend date of this dividend is Thursday, August 21st. Microsoft's payout ratio is 25.66%.

Analyst Ratings Changes

A number of brokerages recently weighed in on MSFT. BMO Capital Markets reissued an "outperform" rating on shares of Microsoft in a report on Wednesday, May 21st. Bank of America dropped their target price on shares of Microsoft from $510.00 to $480.00 and set a "buy" rating on the stock in a research note on Tuesday, April 15th. DA Davidson increased their target price on shares of Microsoft from $450.00 to $500.00 and gave the company a "buy" rating in a research report on Thursday, May 1st. JPMorgan Chase & Co. lifted their price target on shares of Microsoft from $465.00 to $475.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st. Finally, Wedbush reiterated an "outperform" rating on shares of Microsoft in a research note on Wednesday, May 21st. Five equities research analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $515.68.

Insiders Place Their Bets

In other news, insider Bradford L. Smith sold 6,000 shares of the business's stock in a transaction dated 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 of the company's stock, valued at approximately $204,038,664.12. The trade was a 1.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Judson Althoff sold 16,000 shares of the company's stock in a transaction that occurred on Monday, May 19th. The stock was 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 now owns 98,010 shares in the company, valued at approximately $44,906,221.80. This trade represents a 14.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 135,743 shares of company stock worth $60,224,683 in the last ninety days. 0.03% of the stock is currently owned by insiders.

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.