Unigestion Holding SA Cuts Stock Holdings in Microsoft Corporation (NASDAQ:MSFT)

Unigestion Holding SA lessened its holdings in Microsoft Corporation (NASDAQ:MSFT - Free Report) by 3.0% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 152,502 shares of the software giant's stock after selling 4,718 shares during the quarter. Microsoft makes up 3.4% of Unigestion Holding SA's holdings, making the stock its 4th largest holding. Unigestion Holding SA's holdings in Microsoft were worth $57,165,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of MSFT. Ball & Co Wealth Management Inc. purchased a new stake in shares of Microsoft in the 4th quarter worth $31,000. Fiduciary Advisors Inc. purchased a new stake in shares of Microsoft in the 4th quarter worth $38,000. LSV Asset Management purchased a new stake in shares of Microsoft in the 4th quarter worth $44,000. Fairway Wealth LLC purchased a new stake in shares of Microsoft in the 4th quarter worth $62,000. Finally, Sellwood Investment Partners LLC purchased a new stake in shares of Microsoft in the 4th quarter worth $120,000. Institutional investors own 71.13% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Wall Street Zen upgraded Microsoft from a "hold" rating to a "buy" rating in a report on Sunday, June 22nd. Tigress Financial upped their target price on Microsoft from $550.00 to $595.00 and gave the stock a "buy" rating in a report on Thursday, March 20th. Piper Sandler reiterated an "overweight" rating on shares of Microsoft in a report on Wednesday, May 21st. Westpark Capital restated a "hold" rating on shares of Microsoft in a research note on Thursday, May 1st. Finally, Evercore ISI set a $515.00 price objective on Microsoft and gave the stock an "outperform" rating in a research note on Wednesday, May 21st. Four equities research analysts have rated the stock with a hold rating and thirty have given a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $521.14.

Microsoft Stock Down 0.3%

Shares of MSFT opened at $495.94 on Monday. The company has a market capitalization of $3.69 trillion, a PE ratio of 38.33, a PEG ratio of 2.52 and a beta of 1.03. Microsoft Corporation has a 12 month low of $344.79 and a 12 month high of $499.30. The stock's 50-day moving average price is $449.47 and its two-hundred day moving average price is $421.74. 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 issued 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. The business had revenue of $70.07 billion during the quarter, compared to the consensus estimate of $68.54 billion. Microsoft had a return on equity of 32.74% and a net margin of 35.79%. The firm's revenue for the quarter was up 13.3% on a year-over-year basis. During the same period in the previous year, the company posted $2.94 earnings per share. On average, analysts anticipate that Microsoft Corporation will post 13.08 EPS for the current year.

Microsoft Announces Dividend

The firm 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 0.67%. Microsoft's payout ratio is currently 25.66%.

Insiders Place Their Bets

In other news, insider Bradford L. Smith sold 75,000 shares of the business's stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $436.05, for a total transaction of $32,703,750.00. Following the completion of the sale, the insider now owns 476,999 shares in the company, valued at $207,995,413.95. The trade was a 13.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Judson Althoff sold 16,000 shares of the business's stock in a transaction that occurred on 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 sale, the executive vice president now owns 98,010 shares of the company's stock, valued at approximately $44,906,221.80. This represents a 14.03% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 135,743 shares of company stock worth $60,224,683. 0.03% of the stock is owned by corporate 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.

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