Microsoft Co. (NASDAQ:MSFT) Shares Sold by Hudock Inc.

Hudock Inc. reduced its position in Microsoft Co. (NASDAQ:MSFT) by 0.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,453 shares of the software giant’s stock after selling 103 shares during the quarter. Microsoft comprises approximately 1.0% of Hudock Inc.’s portfolio, making the stock its 18th biggest position. Hudock Inc.’s holdings in Microsoft were worth $4,683,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. DGS Capital Management LLC lifted its holdings in shares of 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 purchasing an additional 2,383 shares during the period. IFM Investors Pty Ltd lifted its holdings in shares of Microsoft by 20.8% during the first quarter. IFM Investors Pty Ltd now owns 1,138,469 shares of the software giant’s stock worth $351,001,000 after purchasing an additional 196,338 shares during the period. Altus Wealth Group LLC lifted its holdings in shares of Microsoft by 1.2% during the first quarter. Altus Wealth Group LLC now owns 12,712 shares of the software giant’s stock worth $3,919,000 after purchasing an additional 152 shares during the period. Powell Investment Advisors LLC lifted its holdings in shares of Microsoft by 16.2% during the first quarter. Powell Investment Advisors LLC now owns 2,578 shares of the software giant’s stock worth $795,000 after purchasing an additional 359 shares during the period. Finally, Onyx Bridge Wealth Group LLC lifted its holdings in shares of Microsoft by 8.2% during the first quarter. Onyx Bridge Wealth Group LLC now owns 6,782 shares of the software giant’s stock worth $1,921,000 after purchasing an additional 512 shares during the period. 71.13% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Bradford L. Smith sold 3,303 shares of the business’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 value of $1,341,414.36. Following the completion of the sale, the insider now directly owns 570,826 shares in the company, valued at approximately $231,823,855.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, major shareholder Corp Microsoft sold 1,000,000 shares of the business’s stock in a transaction that occurred on 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 directly owns 11,677,398 shares in the company, valued at approximately $22,770,926.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Bradford L. Smith sold 3,303 shares of the business’s stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $406.12, for a total value of $1,341,414.36. Following the completion of the sale, the insider now owns 570,826 shares of the company’s stock, valued at $231,823,855.12. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,070,258 shares of company stock worth $30,690,456. 0.03% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on MSFT shares. Morgan Stanley increased their price target on Microsoft from $465.00 to $520.00 and gave the stock an “overweight” rating in a report on Thursday, April 11th. Wells Fargo & Company increased their price objective on Microsoft from $460.00 to $480.00 and gave the stock an “overweight” rating in a research report on Wednesday. Jefferies Financial Group increased their price objective on Microsoft from $465.00 to $550.00 and gave the stock a “buy” rating in a research report on Monday, April 1st. DA Davidson reiterated a “buy” rating and issued a $500.00 price objective on shares of Microsoft in a research report on Friday, March 15th. Finally, StockNews.com cut Microsoft from a “buy” rating to a “hold” rating in a research report on Thursday, February 22nd. Four equities research analysts have rated the stock with a hold rating and thirty-six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Microsoft presently has a consensus rating of “Moderate Buy” and a consensus target price of $432.13.

Microsoft Price Performance

MSFT stock opened at $404.27 on Friday. The company has a quick ratio of 1.20, a current ratio of 1.22 and a debt-to-equity ratio of 0.19. Microsoft Co. has a 52-week low of $275.37 and a 52-week high of $430.82. The stock’s 50 day moving average is $415.29 and its two-hundred day moving average is $384.29. The company has a market capitalization of $3.00 trillion, a PE ratio of 36.55, a P/E/G ratio of 2.21 and a beta of 0.89.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings data on Tuesday, January 30th. The software giant reported $2.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.76 by $0.17. Microsoft had a return on equity of 38.40% and a net margin of 36.27%. The company had revenue of $62.02 billion for the quarter, compared to the consensus estimate of $61.14 billion. During the same period in the previous year, the business earned $2.32 EPS. Microsoft’s revenue for the quarter was up 17.6% compared to the same quarter last year. Analysts predict that Microsoft Co. will post 11.61 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 13th. Stockholders of record on Thursday, May 16th will be issued a $0.75 dividend. The ex-dividend date is Wednesday, May 15th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.74%. Microsoft’s dividend payout ratio (DPR) is 27.12%.

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.