Microsoft Co. (NASDAQ:MSFT) Shares Sold by Tandem Capital Management Corp ADV

Tandem Capital Management Corp ADV trimmed its holdings in shares of Microsoft Co. (NASDAQ:MSFTFree Report) by 1.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 26,684 shares of the software giant’s stock after selling 467 shares during the quarter. Microsoft comprises about 5.8% of Tandem Capital Management Corp ADV’s investment portfolio, making the stock its largest holding. Tandem Capital Management Corp ADV’s holdings in Microsoft were worth $8,425,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of MSFT. DGS Capital Management LLC grew its stake in Microsoft by 19.9% during the first 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 in the last quarter. IFM Investors Pty Ltd boosted its stake 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 boosted its stake 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 lifted its position in shares of Microsoft by 16.2% during the 1st quarter. Powell Investment Advisors LLC now owns 2,578 shares of the software giant’s stock valued at $795,000 after acquiring an additional 359 shares during the period. Finally, Onyx Bridge Wealth Group LLC lifted its position in shares of Microsoft by 8.2% during 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 acquiring an additional 512 shares during the period. 69.20% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on MSFT. Piper Sandler restated an “overweight” rating and set a $455.00 price objective on shares of Microsoft in a report on Thursday, January 25th. The Goldman Sachs Group upped their price objective on shares of Microsoft from $400.00 to $450.00 and gave the stock a “buy” rating in a report on Wednesday, October 25th. China Renaissance initiated coverage on shares of Microsoft in a report on Tuesday, December 5th. They set a “buy” rating and a $466.00 price objective on the stock. Wedbush reiterated an “outperform” rating and issued a $450.00 target price on shares of Microsoft in a research note on Monday, January 29th. Finally, Tigress Financial upped their target price on shares of Microsoft from $433.00 to $475.00 and gave the stock a “buy” rating in a research note on Wednesday, November 29th. Four investment analysts have rated the stock with a hold rating and thirty-six have issued a buy rating to the company. According to MarketBeat.com, Microsoft presently has a consensus rating of “Moderate Buy” and an average price target of $411.06.

Get Our Latest Analysis on MSFT

Insider Transactions at Microsoft

In other news, EVP Kathleen T. Hogan sold 24,681 shares of the firm’s stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $369.00, for a total value of $9,107,289.00. Following the transaction, the executive vice president now owns 183,761 shares in the company, valued at $67,807,809. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Kathleen T. Hogan sold 24,681 shares of the firm’s stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $369.00, for a total value of $9,107,289.00. Following the transaction, the executive vice president now owns 183,761 shares in the company, valued at $67,807,809. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Bradford L. Smith sold 3,303 shares of the firm’s stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $406.12, for a total transaction of $1,341,414.36. Following the completion of the transaction, the insider now owns 570,826 shares in the company, valued at approximately $231,823,855.12. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 72,984 shares of company stock worth $28,978,803. Insiders own 0.03% of the company’s stock.

Microsoft Trading Up 0.0 %

MSFT stock opened at $414.11 on Friday. The company has a market capitalization of $3.08 trillion, a PE ratio of 37.44, a price-to-earnings-growth ratio of 2.16 and a beta of 0.90. Microsoft Co. has a one year low of $245.61 and a one year high of $415.56. The company’s 50 day moving average price is $384.47 and its two-hundred day moving average price is $353.64. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.20 and a current ratio of 1.22.

Microsoft (NASDAQ:MSFTGet Free Report) last posted its quarterly earnings results on Tuesday, January 30th. The software giant reported $2.93 EPS for the quarter, topping the consensus estimate of $2.76 by $0.17. The firm had revenue of $62.02 billion for the quarter, compared to the consensus estimate of $61.14 billion. Microsoft had a net margin of 36.27% and a return on equity of 38.40%. The business’s revenue was up 17.6% compared to the same quarter last year. During the same period last year, the firm posted $2.32 earnings per share. As a group, analysts predict that Microsoft Co. will post 11.6 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 14th. Stockholders of record on Thursday, February 15th will be issued a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 0.72%. The ex-dividend date of this dividend is Wednesday, February 14th. Microsoft’s dividend payout ratio is 27.12%.

About Microsoft

(Free Report)

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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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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