Tsai Capital Corp Boosts Position in Microsoft Co. (NASDAQ:MSFT)

Tsai Capital Corp boosted its holdings in Microsoft Co. (NASDAQ:MSFT - Free Report) by 14.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,797 shares of the software giant's stock after buying an additional 1,221 shares during the quarter. Microsoft makes up about 3.0% of Tsai Capital Corp's holdings, making the stock its 10th largest position. Tsai Capital Corp's holdings in Microsoft were worth $4,129,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. WFA Asset Management Corp grew its position in shares of Microsoft by 27.0% in the 1st quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant's stock valued at $427,000 after buying an additional 216 shares during the last quarter. Ironwood Wealth Management LLC. raised 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 buying an additional 38 shares during the last quarter. Discipline Wealth Solutions LLC lifted its holdings in shares of Microsoft by 410.4% during the third quarter. Discipline Wealth Solutions LLC now owns 2,659 shares of the software giant's stock worth $1,144,000 after purchasing an additional 2,138 shares during the period. United Bank lifted its position in Microsoft by 4.1% in the third quarter. United Bank now owns 18,378 shares of the software giant's stock valued at $7,908,000 after purchasing an additional 730 shares during the period. Finally, Circle Wealth Management LLC lifted its holdings in Microsoft by 0.9% in the third quarter. Circle Wealth Management LLC now owns 109,956 shares of the software giant's stock valued at $47,314,000 after acquiring an additional 1,025 shares during the period. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on MSFT. TD Securities upped their target price on shares of Microsoft from $475.00 to $490.00 and gave the stock a "buy" rating in a research report on Thursday, May 1st. Wedbush reissued an "outperform" rating on shares of Microsoft in a research note on Wednesday, May 21st. Scotiabank raised their price objective on Microsoft from $470.00 to $500.00 and gave the company a "sector outperform" rating in a research note on Thursday, May 1st. Citigroup lifted their price objective on Microsoft from $480.00 to $540.00 and gave the stock a "buy" rating in a report on Thursday, May 15th. Finally, Needham & Company LLC reissued a "buy" rating on shares of Microsoft in a report on Thursday, May 1st. Four research analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the company. Based on data from MarketBeat.com, Microsoft currently has a consensus rating of "Moderate Buy" and an average target price of $513.13.

Insider Activity at Microsoft

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 now owns 471,036 shares in the company, valued at approximately $204,038,664.12. This trade represents a 1.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Judson Althoff sold 16,000 shares of the business'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 value of $7,330,880.00. Following the transaction, the executive vice president now directly owns 98,010 shares in the company, valued at $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. Over the last 90 days, insiders have sold 135,743 shares of company stock worth $60,224,683. 0.03% of the stock is owned by insiders.

Microsoft Trading Up 0.6%

NASDAQ MSFT traded up $2.70 during trading hours on Friday, hitting $470.38. 15,268,509 shares of the company's stock were exchanged, compared to its average volume of 21,465,117. The firm has a market capitalization of $3.50 trillion, a P/E ratio of 37.87, a price-to-earnings-growth ratio of 2.21 and a beta of 1.03. Microsoft Co. has a 12-month low of $344.79 and a 12-month high of $473.29. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.34 and a current ratio of 1.35. The business's 50 day moving average is $415.43 and its 200-day moving average is $416.31.

Microsoft (NASDAQ:MSFT - Get Free Report) last issued its quarterly 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. 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 35.43% and a return on equity of 33.36%. Microsoft's revenue for the quarter was up 13.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.94 earnings per share. As a group, analysts anticipate that Microsoft Co. will post 13.08 EPS for the current fiscal year.

Microsoft Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Thursday, May 15th will be given a $0.83 dividend. This represents a $3.32 annualized dividend and a dividend yield of 0.71%. The ex-dividend date of this dividend is Thursday, May 15th. Microsoft's dividend payout ratio (DPR) is currently 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.