Microsoft Co. (NASDAQ:MSFT) Shares Sold by Indie Asset Partners LLC

Indie Asset Partners LLC trimmed its position in shares of Microsoft Co. (NASDAQ:MSFT) by 0.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,040 shares of the software giant’s stock after selling 48 shares during the period. Microsoft accounts for approximately 3.1% of Indie Asset Partners LLC’s holdings, making the stock its 5th biggest position. Indie Asset Partners LLC’s holdings in Microsoft were worth $3,399,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MSFT. Lodestone Wealth Management LLC raised its position in shares of Microsoft by 0.5% during the 3rd quarter. Lodestone Wealth Management LLC now owns 14,103 shares of the software giant’s stock worth $4,453,000 after buying an additional 68 shares in the last quarter. Brown Miller Wealth Management LLC raised its holdings in shares of Microsoft by 1.0% in the 3rd quarter. Brown Miller Wealth Management LLC now owns 36,690 shares of the software giant’s stock worth $11,584,000 after purchasing an additional 381 shares in the last quarter. Meridian Wealth Management LLC raised its holdings in shares of Microsoft by 110.1% in the 3rd quarter. Meridian Wealth Management LLC now owns 281,052 shares of the software giant’s stock worth $88,770,000 after purchasing an additional 147,260 shares in the last quarter. B.O.S.S. Retirement Advisors LLC raised its holdings in shares of Microsoft by 5.2% in the 3rd quarter. B.O.S.S. Retirement Advisors LLC now owns 56,524 shares of the software giant’s stock worth $17,847,000 after purchasing an additional 2,795 shares in the last quarter. Finally, Riverview Trust Co raised its holdings in shares of Microsoft by 2.5% in the 3rd quarter. Riverview Trust Co now owns 13,887 shares of the software giant’s stock worth $4,385,000 after purchasing an additional 342 shares in the last quarter. 71.13% of the stock is currently owned by institutional investors.

Insider Transactions at Microsoft

In other news, EVP Kathleen T. Hogan sold 21,955 shares of the business’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $403.96, for a total transaction of $8,868,941.80. Following the completion of the sale, the executive vice president now owns 159,764 shares in the company, valued at $64,538,265.44. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, major shareholder Corp Microsoft sold 1,000,000 shares of the company’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $1.95, for a total value of $1,950,000.00. Following the completion of the sale, the insider now owns 11,677,398 shares in the company, valued at $22,770,926.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Kathleen T. Hogan sold 21,955 shares of the company’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $403.96, for a total value of $8,868,941.80. Following the completion of the sale, the executive vice president now owns 159,764 shares of the company’s stock, valued at approximately $64,538,265.44. The disclosure for this sale can be found here. 0.03% of the stock is currently owned by corporate insiders.

Microsoft Price Performance

Microsoft stock opened at $409.34 on Wednesday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.23 and a current ratio of 1.24. The firm has a market cap of $3.04 trillion, a P/E ratio of 35.44, a P/E/G ratio of 2.15 and a beta of 0.89. The business’s fifty day moving average is $413.84 and its two-hundred day moving average is $392.05. Microsoft Co. has a 52 week low of $306.09 and a 52 week high of $430.82.

Microsoft (NASDAQ:MSFT) last released its earnings results on Thursday, April 25th. The software giant reported $2.94 earnings per share for the quarter, topping analysts’ consensus estimates of $2.81 by $0.13. The company had revenue of $61.86 billion during the quarter, compared to the consensus estimate of $60.86 billion. Microsoft had a return on equity of 37.54% and a net margin of 36.43%. The firm’s quarterly revenue was up 17.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.45 earnings per share. Equities research analysts forecast that Microsoft Co. will post 11.76 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Stockholders of record on Thursday, May 16th will be given a dividend of $0.75 per share. The ex-dividend date is Wednesday, May 15th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.73%. Microsoft’s payout ratio is currently 25.97%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on MSFT shares. Stifel Nicolaus reissued a “buy” rating and issued a $455.00 target price on shares of Microsoft in a research report on Monday, April 22nd. Piper Sandler reissued an “overweight” rating and issued a $465.00 target price (up from $455.00) on shares of Microsoft in a research report on Friday, April 26th. Barclays boosted their price objective on shares of Microsoft from $421.00 to $475.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 31st. Royal Bank of Canada boosted their price objective on shares of Microsoft from $415.00 to $450.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 31st. Finally, Truist Financial reiterated a “buy” rating and issued a $600.00 target price on shares of Microsoft in a research note on Monday, March 25th. Three analysts have rated the stock with a hold rating and thirty-two have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $452.61.

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.