Tounjian Advisory Partners LLC Makes New $21.13 Million Investment in Microsoft Corporation (NASDAQ:MSFT)

Tounjian Advisory Partners LLC bought a new stake in Microsoft Corporation (NASDAQ:MSFT - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 56,284 shares of the software giant's stock, valued at approximately $21,129,000. Microsoft accounts for about 3.9% of Tounjian Advisory Partners LLC's holdings, making the stock its 2nd biggest position.

A number of other hedge funds also recently modified their holdings of MSFT. Norges Bank acquired a new stake in shares of Microsoft during the fourth quarter worth about $44,343,058,000. GAMMA Investing LLC grew its holdings in shares of Microsoft by 40,290.4% during the first quarter. GAMMA Investing LLC now owns 46,695,303 shares of the software giant's stock worth $17,528,950,000 after buying an additional 46,579,693 shares in the last quarter. Proficio Capital Partners LLC raised its position in Microsoft by 34,643.3% in the 4th quarter. Proficio Capital Partners LLC now owns 16,837,278 shares of the software giant's stock valued at $7,096,913,000 after buying an additional 16,788,816 shares during the last quarter. Northern Trust Corp raised its position in Microsoft by 16.1% in the 4th quarter. Northern Trust Corp now owns 83,787,746 shares of the software giant's stock valued at $35,316,535,000 after buying an additional 11,600,470 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in Microsoft by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 684,071,705 shares of the software giant's stock valued at $288,336,224,000 after buying an additional 10,431,988 shares during the last quarter. Institutional investors and hedge funds own 71.13% of the company's stock.

Insider Buying and Selling

In other news, insider Bradford L. Smith sold 6,000 shares of the stock in a transaction dated Monday, May 5th. The stock was 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 of the company's stock, valued at approximately $204,038,664.12. This represents a 1.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Amy Coleman sold 13,243 shares of the 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 sale, the executive vice president directly owned 43,100 shares of the company's stock, valued at approximately $19,481,631. The trade was a 23.50% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 135,743 shares of company stock valued at $60,224,683. Corporate insiders own 0.03% of the company's stock.

Microsoft Price Performance

Shares of Microsoft stock traded down $2.03 during trading on Thursday, reaching $501.48. 16,466,043 shares of the company's stock were exchanged, compared to its average volume of 21,666,022. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.36 and a current ratio of 1.37. Microsoft Corporation has a 1-year low of $344.79 and a 1-year high of $506.78. The company has a market cap of $3.73 trillion, a P/E ratio of 38.75, a PEG ratio of 2.25 and a beta of 1.04. The firm's 50-day moving average price is $467.76 and its 200 day moving average price is $424.96.

Microsoft (NASDAQ:MSFT - Get Free Report) last issued its earnings results on Wednesday, April 30th. The software giant reported $3.46 earnings per share (EPS) for the quarter, topping 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 business had revenue of $70.07 billion during the quarter, compared to analysts' expectations of $68.54 billion. During the same quarter in the prior year, the firm earned $2.94 EPS. The business's revenue for the quarter was up 13.3% compared to the same quarter last year. As a group, research analysts anticipate that Microsoft Corporation will post 13.08 earnings per share for the current year.

Microsoft Announces Dividend

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 issued a $0.83 dividend. The ex-dividend date of this dividend is Thursday, August 21st. This represents a $3.32 dividend on an annualized basis and a yield of 0.66%. Microsoft's payout ratio is presently 25.66%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on MSFT. Cantor Fitzgerald lifted their target price on Microsoft from $502.00 to $512.00 and gave the company an "overweight" rating in a research report on Thursday, May 1st. BMO Capital Markets lifted their target price on Microsoft from $485.00 to $550.00 and gave the company an "outperform" rating in a research report on Thursday. Stifel Nicolaus lifted their target price on Microsoft from $475.00 to $500.00 and gave the company a "buy" rating in a research report on Thursday, May 1st. Guggenheim restated a "neutral" rating on shares of Microsoft in a research note on Thursday, May 1st. Finally, KeyCorp restated a "sector weight" rating on shares of Microsoft in a research note 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. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $534.14.

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.