Tounjian Advisory Partners LLC Buys Shares of 56,284 Microsoft Corporation (NASDAQ:MSFT)

Tounjian Advisory Partners LLC purchased a new position in Microsoft Corporation (NASDAQ:MSFT - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 56,284 shares of the software giant's stock, valued at approximately $21,129,000. Microsoft comprises approximately 3.9% of Tounjian Advisory Partners LLC's holdings, making the stock its 2nd largest position.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. WFA Asset Management Corp raised its stake in Microsoft by 27.0% during the first quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant's stock worth $427,000 after purchasing an additional 216 shares during the period. Ironwood Wealth Management LLC. grew its holdings in shares of Microsoft by 0.3% in the second quarter. Ironwood Wealth Management LLC. now owns 12,658 shares of the software giant's stock valued at $5,658,000 after purchasing an additional 38 shares in the last quarter. Discipline Wealth Solutions LLC grew its holdings in shares of Microsoft by 410.4% in the third quarter. Discipline Wealth Solutions LLC now owns 2,659 shares of the software giant's stock valued at $1,144,000 after purchasing an additional 2,138 shares in the last quarter. Wealth Group Ltd. grew its holdings in shares of Microsoft by 1.2% in the fourth quarter. Wealth Group Ltd. now owns 2,374 shares of the software giant's stock valued at $1,000,000 after purchasing an additional 28 shares in the last quarter. Finally, Tallon Kerry Patrick acquired a new position in Microsoft during the 4th quarter worth approximately $1,375,000. Hedge funds and other institutional investors own 71.13% of the company's stock.

Insider Buying and Selling at Microsoft

In other news, EVP Kathleen T. Hogan sold 21,500 shares of the stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $453.77, for a total value of $9,756,055.00. Following the completion of the sale, the executive vice president owned 134,888 shares of the company's stock, valued at approximately $61,208,127.76. This represents a 13.75% 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 firm's stock in a transaction on Thursday, May 15th. The stock was 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. The trade was a 23.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 135,743 shares of company stock worth $60,224,683 over the last quarter. 0.03% of the stock is currently owned by company insiders.

Microsoft Trading Up 0.6%

Shares of Microsoft stock traded up $3.11 during trading on Friday, hitting $504.59. 7,516,049 shares of the company were exchanged, compared to its average volume of 21,623,648. The firm has a market capitalization of $3.75 trillion, a P/E ratio of 39.00, a price-to-earnings-growth ratio of 2.28 and a beta of 1.04. The firm's fifty day moving average price is $469.28 and its 200 day moving average price is $425.41. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.37 and a quick ratio of 1.36. Microsoft Corporation has a 1-year low of $344.79 and a 1-year high of $506.78.

Microsoft (NASDAQ:MSFT - Get Free Report) last posted its earnings results on Wednesday, April 30th. The software giant reported $3.46 earnings per share 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 for the quarter, compared to analyst estimates of $68.54 billion. During the same period in the previous year, the firm earned $2.94 EPS. The firm's revenue was up 13.3% compared to the same quarter last year. As a group, sell-side analysts expect that Microsoft Corporation will post 13.08 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The firm also recently disclosed 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. The ex-dividend date of this dividend is Thursday, August 21st. This represents a $3.32 annualized dividend and a dividend yield of 0.66%. Microsoft's dividend payout ratio is currently 25.66%.

Wall Street Analyst Weigh In

Several analysts recently commented on MSFT shares. BMO Capital Markets upped their price target on shares of Microsoft from $485.00 to $550.00 and gave the company an "outperform" rating in a research report on Thursday. TD Securities increased their price target on shares of Microsoft from $475.00 to $490.00 and gave the company a "buy" rating in a report on Thursday, May 1st. Wall Street Zen downgraded shares of Microsoft from a "buy" rating to a "hold" rating in a report on Monday, June 30th. Citigroup lifted their price target on shares of Microsoft from $540.00 to $605.00 and gave the stock a "buy" rating in a report on Wednesday, June 11th. Finally, Scotiabank lifted their price target on shares of Microsoft from $470.00 to $500.00 and gave the stock a "sector outperform" rating in a report on Thursday, May 1st. Four equities research analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $534.14.

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.