Tritonpoint Wealth LLC Buys New Shares in Microsoft Co. (NASDAQ:MSFT)

Tritonpoint Wealth LLC purchased a new stake in shares of Microsoft Co. (NASDAQ:MSFT) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 82,744 shares of the software giant’s stock, valued at approximately $31,115,000. Microsoft comprises about 3.0% of Tritonpoint Wealth LLC’s portfolio, making the stock its 3rd biggest holding.

A number of other large investors have also recently bought and sold shares of MSFT. Financial Security Advisor Inc. grew its holdings in Microsoft by 1.7% in the fourth quarter. Financial Security Advisor Inc. now owns 27,270 shares of the software giant’s stock worth $10,255,000 after purchasing an additional 452 shares during the period. Gunderson Capital Management Inc. boosted its position in shares of Microsoft by 0.7% during the 4th quarter. Gunderson Capital Management Inc. now owns 24,887 shares of the software giant’s stock worth $9,359,000 after purchasing an additional 185 shares in the last quarter. Rappaport Reiches Capital Management LLC grew its stake in shares of Microsoft by 14.9% in the 4th quarter. Rappaport Reiches Capital Management LLC now owns 8,213 shares of the software giant’s stock valued at $3,089,000 after buying an additional 1,067 shares during the period. Bailard Inc. increased its position in Microsoft by 1.2% in the 3rd quarter. Bailard Inc. now owns 470,301 shares of the software giant’s stock valued at $148,497,000 after buying an additional 5,366 shares in the last quarter. Finally, RNC Capital Management LLC raised its stake in Microsoft by 10.4% during the 4th quarter. RNC Capital Management LLC now owns 69,053 shares of the software giant’s stock worth $25,967,000 after buying an additional 6,484 shares during the period. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Microsoft Stock Performance

Shares of MSFT opened at $402.25 on Tuesday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.24 and a quick ratio of 1.23. The firm has a market cap of $2.99 trillion, a PE ratio of 34.83, a PEG ratio of 2.18 and a beta of 0.89. Microsoft Co. has a 1 year low of $303.40 and a 1 year high of $430.82. The stock’s fifty day moving average price is $414.45 and its two-hundred day moving average price is $389.01.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings data on Thursday, April 25th. The software giant reported $2.94 EPS for the quarter, beating the consensus estimate of $2.81 by $0.13. The business had revenue of $61.86 billion for the quarter, compared to the consensus estimate of $60.86 billion. Microsoft had a net margin of 36.43% and a return on equity of 37.54%. The company’s revenue was up 17.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.45 earnings per share. On average, equities research analysts forecast that Microsoft Co. will post 11.71 EPS for the current year.

Microsoft Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Thursday, May 16th will be issued a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 0.75%. The ex-dividend date of this dividend is Wednesday, May 15th. Microsoft’s dividend payout ratio (DPR) is presently 25.97%.

Insider Activity at Microsoft

In other news, major shareholder Corp Microsoft sold 1,000,000 shares of the firm’s stock in a transaction 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 transaction, the insider now directly owns 11,677,398 shares of the company’s stock, valued at $22,770,926.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Microsoft news, major shareholder Corp Microsoft sold 1,000,000 shares of the firm’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 transaction, the insider now owns 11,677,398 shares in the company, valued at approximately $22,770,926.10. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Bradford L. Smith sold 3,303 shares of Microsoft stock in a transaction dated 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 transaction, the insider now directly owns 570,826 shares of the company’s stock, valued at approximately $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. Corporate insiders own 0.03% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. StockNews.com downgraded Microsoft from a “buy” rating to a “hold” rating in a report on Thursday, February 22nd. JPMorgan Chase & Co. upped their price objective on shares of Microsoft from $440.00 to $470.00 and gave the stock an “overweight” rating in a report on Friday. Stifel Nicolaus reiterated a “buy” rating and set a $455.00 price objective on shares of Microsoft in a report on Monday, April 22nd. Wells Fargo & Company boosted their target price on shares of Microsoft from $480.00 to $500.00 and gave the stock an “overweight” rating in a research report on Friday. Finally, Wedbush reaffirmed an “outperform” rating and issued a $500.00 price target on shares of Microsoft in a research report on Friday. Three equities research analysts have rated the stock with a hold rating and thirty-two have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target 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.