Microsoft Co. (NASDAQ:MSFT) Shares Sold by Ifrah Financial Services Inc.

Ifrah Financial Services Inc. trimmed its position in Microsoft Co. (NASDAQ:MSFT – Get Rating) by 2.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,031 shares of the software giant’s stock after selling 337 shares during the quarter. Microsoft comprises 0.9% of Ifrah Financial Services Inc.’s investment portfolio, making the stock its 29th biggest position. Ifrah Financial Services Inc.’s holdings in Microsoft were worth $2,885,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. DGS Capital Management LLC increased its stake in Microsoft by 19.9% during the 1st quarter. DGS Capital Management LLC now owns 14,342 shares of the software giant’s stock worth $4,422,000 after buying an additional 2,383 shares during the period. IFM Investors Pty Ltd increased its position in shares of Microsoft by 20.8% in the 1st quarter. IFM Investors Pty Ltd now owns 1,138,469 shares of the software giant’s stock valued at $351,001,000 after purchasing an additional 196,338 shares during the last quarter. Altus Wealth Group LLC increased its position in shares of Microsoft by 1.2% in the 1st quarter. Altus Wealth Group LLC now owns 12,712 shares of the software giant’s stock valued at $3,919,000 after purchasing an additional 152 shares during the last quarter. Powell Investment Advisors LLC increased its position in shares of Microsoft by 16.2% in the 1st quarter. Powell Investment Advisors LLC now owns 2,578 shares of the software giant’s stock valued at $795,000 after purchasing an additional 359 shares during the last quarter. Finally, Onyx Bridge Wealth Group LLC increased its position in shares of Microsoft by 8.2% in the 1st quarter. Onyx Bridge Wealth Group LLC now owns 6,782 shares of the software giant’s stock valued at $1,921,000 after purchasing an additional 512 shares during the last quarter. 69.15% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Microsoft news, EVP Judson Althoff sold 30,000 shares of the company’s stock in a transaction dated Monday, May 1st. The shares were sold at an average price of $306.09, for a total transaction of $9,182,700.00. Following the completion of the sale, the executive vice president now directly owns 117,456 shares of the company’s stock, valued at $35,952,107.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, EVP Judson Althoff sold 30,000 shares of the stock in a transaction that occurred on Monday, May 1st. The shares were sold at an average price of $306.09, for a total value of $9,182,700.00. Following the completion of the sale, the executive vice president now directly owns 117,456 shares of the company’s stock, valued at $35,952,107.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Satya Nadella sold 4,767 shares of the stock in a transaction that occurred on Tuesday, February 28th. The stock was sold at an average price of $248.88, for a total transaction of $1,186,410.96. Following the completion of the sale, the chief executive officer now directly owns 788,625 shares of the company’s stock, valued at $196,272,990. The disclosure for this sale can be found here. In the last quarter, insiders sold 54,848 shares of company stock worth $16,635,227. Corporate insiders own 0.03% of the company’s stock.

Microsoft Stock Down 0.1 %

Shares of NASDAQ:MSFT opened at $318.34 on Monday. The stock has a market capitalization of $2.37 trillion, a price-to-earnings ratio of 34.49, a price-to-earnings-growth ratio of 2.83 and a beta of 0.93. Microsoft Co. has a 1-year low of $213.43 and a 1-year high of $319.04. The company’s fifty day moving average is $290.86 and its two-hundred day moving average is $261.67. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.88 and a current ratio of 1.91.

Microsoft (NASDAQ:MSFT – Get Rating) last released its quarterly earnings results on Tuesday, April 25th. The software giant reported $2.45 EPS for the quarter, topping the consensus estimate of $2.22 by $0.23. The business had revenue of $52.86 billion during the quarter, compared to analyst estimates of $51.01 billion. Microsoft had a net margin of 33.25% and a return on equity of 38.98%. The company’s quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.22 earnings per share. Equities analysts anticipate that Microsoft Co. will post 9.66 EPS for the current year.

Microsoft Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 8th. Investors of record on Thursday, May 18th will be given a $0.68 dividend. The ex-dividend date of this dividend is Wednesday, May 17th. This represents a $2.72 dividend on an annualized basis and a yield of 0.85%. Microsoft’s dividend payout ratio is presently 29.47%.

Wall Street Analyst Weigh In

MSFT has been the subject of several research analyst reports. Evercore ISI upped their target price on shares of Microsoft from $295.00 to $337.00 in a report on Wednesday, April 26th. BNP Paribas cut shares of Microsoft from an “outperform” rating to a “neutral” rating and lowered their target price for the company from $310.00 to $300.00 in a report on Monday, April 24th. Piper Sandler upped their target price on shares of Microsoft from $290.00 to $348.00 in a report on Wednesday, April 26th. Wolfe Research upped their target price on shares of Microsoft from $330.00 to $350.00 and gave the company an “outperform” rating in a report on Wednesday, April 26th. Finally, Moffett Nathanson increased their price target on shares of Microsoft from $263.00 to $306.00 and gave the stock a “market perform” rating in a research note on Wednesday, April 26th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and thirty-two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $323.28.

About Microsoft

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Microsoft Corp. engages in the development and support of software, services, devices, and solutions. It operates through the following business segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. The Productivity and Business Processes segment consists of Office Commercial (Office 365 subscriptions, the Office 365 portion of Microsoft 365 Commercial subscriptions, and Office licensed on-premises), Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, and Skype for Business, Office Consumer, including Microsoft 365 Consumer subscriptions, Office licensed on-premises, and other Office services, LinkedIn, including Talent Solutions, Marketing Solutions, Premium Subscriptions, Sales Solutions, and Learning Solutions, Dynamics business solutions, including Dynamics 365, comprising a set of intelligent, cloud-based applications across ERP, CRM, Customer Insights, Power Apps, and Power Automate, and on-premises ERP and CRM applications.