Trifecta Capital Advisors LLC Has $23.08 Million Stake in Microsoft Corporation (NASDAQ:MSFT)

Key Points

• Trifecta Capital Advisors LLC increased its stake in Microsoft by 1.3%, acquiring an additional 811 shares, ultimately owning 61,488 shares worth approximately $23 million, making it their third largest investment.
• Several institutional investors have adjusted their holdings in Microsoft, with WFA Asset Management Corp increasing its stake by 27% and Discipline Wealth Solutions LLC growing its investment by 410.4%.
• Microsoft recently announced a quarterly dividend of $0.83 per share, which will be paid on September 11th, representing an annualized yield of 0.65%.

Trifecta Capital Advisors LLC raised its holdings in Microsoft Corporation (NASDAQ:MSFT - Free Report) by 1.3% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 61,488 shares of the software giant's stock after buying an additional 811 shares during the quarter. Microsoft accounts for about 4.8% of Trifecta Capital Advisors LLC's investment portfolio, making the stock its 3rd largest position. Trifecta Capital Advisors LLC's holdings in Microsoft were worth $23,082,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in Microsoft by 1.5% during 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 purchasing an additional 10,431,988 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Microsoft by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 168,128,024 shares of the software giant's stock valued at $70,720,874,000 after acquiring an additional 3,103,212 shares during the period. Norges Bank bought a new stake in Microsoft during the 4th quarter worth about $44,343,058,000. Northern Trust Corp raised its stake in shares of Microsoft by 16.1% during the fourth quarter. Northern Trust Corp now owns 83,787,746 shares of the software giant's stock worth $35,316,535,000 after buying an additional 11,600,470 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Microsoft by 9.8% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 59,961,337 shares of the software giant's stock worth $25,273,704,000 after acquiring an additional 5,370,546 shares during the period. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

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 transaction of $9,756,055.00. Following the transaction, the executive vice president directly owned 134,888 shares in the company, valued at approximately $61,208,127.76. This represents a 13.75% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Judson Althoff sold 16,000 shares of the firm's stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $458.18, for a total value of $7,330,880.00. Following the transaction, the executive vice president directly owned 98,010 shares in the company, valued at approximately $44,906,221.80. This represents a 14.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 135,743 shares of company stock valued at $60,224,683. 0.03% of the stock is owned by insiders.

Analyst Ratings Changes

MSFT has been the subject of several analyst reports. Citigroup boosted their target price on Microsoft from $605.00 to $613.00 and gave the stock a "buy" rating in a research report on Tuesday, July 22nd. Oppenheimer raised Microsoft from a "market perform" rating to an "outperform" rating and set a $600.00 price target on the stock in a research report on Wednesday, July 9th. Bank of America increased their price objective on shares of Microsoft from $515.00 to $585.00 and gave the stock a "buy" rating in a research report on Friday, July 18th. Piper Sandler upped their price objective on Microsoft from $475.00 to $600.00 and gave the stock an "overweight" rating in a research report on Thursday, July 10th. Finally, Loop Capital raised their price target on shares of Microsoft from $550.00 to $600.00 and gave the stock a "buy" rating in a research note on Thursday, July 24th. Four investment analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $555.86.

Microsoft Price Performance

Shares of MSFT traded up $0.67 during mid-day trading on Wednesday, reaching $513.24. 25,399,623 shares of the stock traded hands, compared to its average volume of 14,947,285. The company has a market cap of $3.81 trillion, a price-to-earnings ratio of 39.66, a price-to-earnings-growth ratio of 2.33 and a beta of 1.04. Microsoft Corporation has a 1 year low of $344.79 and a 1 year high of $518.29. The firm has a fifty day moving average price of $486.89 and a 200 day moving average price of $433.33. The company has a current ratio of 1.37, a quick ratio of 1.36 and a debt-to-equity ratio of 0.12.

Microsoft (NASDAQ:MSFT - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The software giant reported $3.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.35 by $0.30. Microsoft had a return on equity of 32.74% and a net margin of 35.79%. The firm's quarterly revenue was up 18.1% compared to the same quarter last year. During the same quarter last year, the business earned $2.95 earnings per share. As a group, equities research analysts predict that Microsoft Corporation will post 13.08 earnings per share for the current year.

Microsoft Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders 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 yield of 0.65%. Microsoft's payout ratio is presently 25.66%.

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.