Jag Capital Management LLC Sells 20,549 Shares of Microsoft Co. (NASDAQ:MSFT)

Jag Capital Management LLC lowered its stake in Microsoft Co. (NASDAQ:MSFT - Free Report) by 18.2% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 92,221 shares of the software giant's stock after selling 20,549 shares during the period. Microsoft accounts for about 5.4% of Jag Capital Management LLC's holdings, making the stock its 4th largest holding. Jag Capital Management LLC's holdings in Microsoft were worth $38,871,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. Fiduciary Advisors Inc. bought a new stake in shares of Microsoft during the fourth quarter valued at approximately $38,000. IFS Advisors LLC increased its holdings in shares of Microsoft by 53.8% in the 4th quarter. IFS Advisors LLC now owns 100 shares of the software giant's stock worth $42,000 after purchasing an additional 35 shares in the last quarter. Avondale Wealth Management increased its holdings in shares of Microsoft by 144.4% in the 4th quarter. Avondale Wealth Management now owns 110 shares of the software giant's stock worth $46,000 after purchasing an additional 65 shares in the last quarter. MidAtlantic Capital Management Inc. purchased a new position in shares of Microsoft in the third quarter worth $62,000. Finally, Kieckhefer Group LLC bought a new position in shares of Microsoft during the fourth quarter valued at $141,000. 71.13% of the stock is owned by hedge funds and other institutional investors.

Microsoft Stock Up 0.1 %

NASDAQ:MSFT traded up $0.56 during mid-day trading on Friday, reaching $438.73. The company's stock had a trading volume of 15,313,766 shares, compared to its average volume of 21,454,441. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $3.26 trillion, a PE ratio of 35.32, a price-to-earnings-growth ratio of 2.21 and a beta of 0.99. The stock has a fifty day moving average of $389.19 and a 200-day moving average of $411.63. Microsoft Co. has a 1 year low of $344.79 and a 1 year high of $468.35.

Microsoft (NASDAQ:MSFT - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The software giant reported $3.46 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.22 by $0.24. The firm had revenue of $70.07 billion for the quarter, compared to the consensus estimate of $68.54 billion. Microsoft had a net margin of 35.43% and a return on equity of 33.36%. The company's quarterly revenue was up 13.3% on a year-over-year basis. During the same period last year, the firm earned $2.94 earnings per share. Equities research analysts forecast that Microsoft Co. will post 13.08 earnings per share for the current year.

Microsoft Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders 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 0.76%. The ex-dividend date is Thursday, May 15th. Microsoft's payout ratio is 25.66%.

Insider Buying and Selling

In other Microsoft news, insider Bradford L. Smith sold 6,000 shares of Microsoft 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 transaction, the insider now owns 471,036 shares in the company, valued at $204,038,664.12. The trade was a 1.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.03% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research analysts have recently weighed in on MSFT shares. UBS Group decreased their price objective on shares of Microsoft from $510.00 to $480.00 and set a "buy" rating for the company in a report on Monday, April 14th. Guggenheim reiterated a "neutral" rating on shares of Microsoft in a research note on Thursday, May 1st. Bank of America cut their price target on Microsoft from $510.00 to $480.00 and set a "buy" rating for the company in a research note on Tuesday, April 15th. TD Securities boosted their target price on shares of Microsoft from $475.00 to $490.00 and gave the stock a "buy" rating in a report on Thursday, May 1st. Finally, StockNews.com raised Microsoft from a "hold" rating to a "buy" rating in a research note on Monday, May 5th. Five research analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $507.77.

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.