Yoffe Investment Management LLC Acquires New Position in Microsoft Corporation (NASDAQ:MSFT)

Yoffe Investment Management LLC acquired a new position in Microsoft Corporation (NASDAQ:MSFT - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 4,200 shares of the software giant's stock, valued at approximately $1,770,000. Microsoft accounts for approximately 2.5% of Yoffe Investment Management LLC's investment portfolio, making the stock its 4th biggest position.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Muirfield Wealth Advisors LLC raised its holdings in shares of Microsoft by 0.5% in the fourth quarter. Muirfield Wealth Advisors LLC now owns 4,427 shares of the software giant's stock worth $1,866,000 after buying an additional 24 shares during the last quarter. Retirement Financial Solutions LLC raised its holdings in shares of Microsoft by 2.3% in the fourth quarter. Retirement Financial Solutions LLC now owns 1,050 shares of the software giant's stock worth $443,000 after buying an additional 24 shares during the last quarter. Sterling Group Wealth Management LLC raised its holdings in shares of Microsoft by 0.5% in the fourth quarter. Sterling Group Wealth Management LLC now owns 5,540 shares of the software giant's stock worth $2,335,000 after buying an additional 25 shares during the last quarter. Kuhn & Co Investment Counsel raised its holdings in shares of Microsoft by 0.8% in the fourth quarter. Kuhn & Co Investment Counsel now owns 3,286 shares of the software giant's stock worth $1,385,000 after buying an additional 25 shares during the last quarter. Finally, Alliance Wealth Management Group raised its holdings in shares of Microsoft by 0.4% in the fourth quarter. Alliance Wealth Management Group now owns 5,617 shares of the software giant's stock worth $2,368,000 after buying an additional 25 shares during the last quarter. 71.13% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Microsoft

In other news, EVP Takeshi Numoto sold 3,000 shares of the business's stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $463.00, for a total transaction of $1,389,000.00. Following the completion of the sale, the executive vice president now owns 43,930 shares of the company's stock, valued at $20,339,590. The trade was a 6.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Kathleen T. Hogan sold 21,500 shares of the company's stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $453.77, for a total transaction of $9,756,055.00. Following the sale, the executive vice president now directly owns 134,888 shares of the company's stock, valued at approximately $61,208,127.76. This represents a 13.75% decrease in their position. The disclosure for this sale can be found here. Insiders sold 135,743 shares of company stock valued at $60,224,683 over the last 90 days. Corporate insiders own 0.03% of the company's stock.

Analyst Ratings Changes

Several brokerages recently issued reports on MSFT. Cantor Fitzgerald raised their target price on shares of Microsoft from $502.00 to $512.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st. Needham & Company LLC reissued a "buy" rating on shares of Microsoft in a report on Thursday, May 1st. BMO Capital Markets reissued an "outperform" rating on shares of Microsoft in a report on Wednesday, May 21st. Stifel Nicolaus raised their target price on shares of Microsoft from $475.00 to $500.00 and gave the stock a "buy" rating in a report on Thursday, May 1st. Finally, The Goldman Sachs Group raised their target price on shares of Microsoft from $480.00 to $550.00 and gave the stock a "buy" rating in a report on Wednesday, May 21st. Five investment analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the company. According to MarketBeat, Microsoft has a consensus rating of "Moderate Buy" and a consensus price target of $515.68.

Microsoft Stock Performance

MSFT traded down $2.84 on Friday, reaching $477.40. The stock had a trading volume of 37,241,095 shares, compared to its average volume of 21,515,262. Microsoft Corporation has a 12-month low of $344.79 and a 12-month high of $483.46. The company has a current ratio of 1.37, a quick ratio of 1.36 and a debt-to-equity ratio of 0.12. The business's 50-day moving average price is $437.84 and its two-hundred day moving average price is $420.40. The company has a market cap of $3.55 trillion, a P/E ratio of 36.89, a price-to-earnings-growth ratio of 2.43 and a beta of 1.03.

Microsoft (NASDAQ:MSFT - Get Free Report) last released its earnings results on Wednesday, April 30th. The software giant reported $3.46 EPS 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 analysts' expectations of $68.54 billion. Microsoft had a net margin of 35.79% and a return on equity of 32.74%. The company's quarterly revenue was up 13.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.94 earnings per share. Sell-side analysts forecast 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. Stockholders of record on Thursday, August 21st will be paid a dividend of $0.83 per share. The ex-dividend date of this dividend is Thursday, August 21st. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.70%. Microsoft's dividend payout ratio is currently 25.66%.

About Microsoft

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.