Wynn Capital LLC Trims Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

Wynn Capital LLC lessened its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 2.2% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 11,807 shares of the software giant’s stock after selling 262 shares during the period. Microsoft accounts for approximately 3.8% of Wynn Capital LLC’s holdings, making the stock its 3rd biggest position. Wynn Capital LLC’s holdings in Microsoft were worth $4,967,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of MSFT. Financial Security Advisor Inc. grew its position in Microsoft by 1.7% in the 4th 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 last quarter. Gunderson Capital Management Inc. boosted its position in 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 acquiring an additional 185 shares during the period. Rappaport Reiches Capital Management LLC grew its stake in shares of Microsoft by 14.9% in the fourth quarter. Rappaport Reiches Capital Management LLC now owns 8,213 shares of the software giant’s stock worth $3,089,000 after purchasing an additional 1,067 shares in the last quarter. Bayesian Capital Management LP increased its holdings in shares of Microsoft by 60.1% during the fourth quarter. Bayesian Capital Management LP now owns 48,500 shares of the software giant’s stock valued at $18,238,000 after purchasing an additional 18,200 shares during the period. Finally, RNC Capital Management LLC raised its stake in shares of Microsoft by 10.4% during the fourth quarter. RNC Capital Management LLC now owns 69,053 shares of the software giant’s stock valued at $25,967,000 after purchasing an additional 6,484 shares in the last quarter. Institutional investors and hedge funds own 71.13% of the company’s stock.

Microsoft Price Performance

MSFT opened at $450.95 on Wednesday. The stock has a fifty day moving average price of $421.37 and a 200 day moving average price of $408.52. The company has a current ratio of 1.24, a quick ratio of 1.23 and a debt-to-equity ratio of 0.17. Microsoft Co. has a 1 year low of $309.45 and a 1 year high of $452.75. The stock has a market cap of $3.35 trillion, a price-to-earnings ratio of 39.04, a PEG ratio of 2.37 and a beta of 0.89.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings results on Thursday, April 25th. The software giant reported $2.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.81 by $0.13. Microsoft had a return on equity of 37.54% and a net margin of 36.43%. The business had revenue of $61.86 billion during the quarter, compared to analyst estimates of $60.86 billion. During the same period in the previous year, the company earned $2.45 EPS. The firm’s revenue was up 17.0% on a year-over-year basis. Analysts forecast that Microsoft Co. will post 11.77 EPS for the current fiscal year.

Microsoft Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Thursday, August 15th will be paid a dividend of $0.75 per share. The ex-dividend date is Thursday, August 15th. This represents a $3.00 annualized dividend and a dividend yield of 0.67%. Microsoft’s dividend payout ratio (DPR) is 25.97%.

Insider Activity at Microsoft

In other Microsoft news, EVP Judson Althoff sold 25,000 shares of the stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $425.68, for a total transaction of $10,642,000.00. Following the transaction, the executive vice president now directly owns 104,949 shares of the company’s stock, valued at $44,674,690.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Microsoft news, EVP Judson Althoff sold 25,000 shares of the stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $425.68, for a total transaction of $10,642,000.00. Following the transaction, the executive vice president now owns 104,949 shares in the company, valued at $44,674,690.32. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CMO Takeshi Numoto sold 244 shares of the business’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $415.53, for a total transaction of $101,389.32. Following the transaction, the chief marketing officer now directly owns 47,011 shares of the company’s stock, valued at approximately $19,534,480.83. The disclosure for this sale can be found here. In the last 90 days, insiders sold 25,566 shares of company stock valued at $10,877,535. Insiders own 0.03% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on MSFT shares. KeyCorp initiated coverage on shares of Microsoft in a research report on Thursday, March 21st. They issued an “overweight” rating and a $490.00 target price for the company. JPMorgan Chase & Co. increased their price objective on shares of Microsoft from $440.00 to $470.00 and gave the company an “overweight” rating in a report on Friday, April 26th. Macquarie boosted their target price on Microsoft from $460.00 to $475.00 and gave the stock an “outperform” rating in a report on Friday, May 17th. New Street Research started coverage on Microsoft in a research note on Monday, June 10th. They set a “buy” rating and a $570.00 price target for the company. Finally, Jefferies Financial Group boosted their price objective on Microsoft from $465.00 to $550.00 and gave the stock a “buy” rating in a research note on Monday, April 1st. Three investment analysts have rated the stock with a hold rating and thirty-three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $467.12.

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.