IAM Advisory LLC Has $3.72 Million Stake in Microsoft Co. (NASDAQ:MSFT)

IAM Advisory LLC trimmed its holdings in Microsoft Co. (NASDAQ:MSFT) by 7.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,833 shares of the software giant’s stock after selling 676 shares during the period. Microsoft comprises about 1.0% of IAM Advisory LLC’s investment portfolio, making the stock its 16th largest holding. IAM Advisory LLC’s holdings in Microsoft were worth $3,716,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Microsoft in the fourth quarter valued at about $35,920,047,000. International Assets Investment Management LLC bought a new stake in shares of Microsoft in the fourth quarter valued at about $9,625,201,000. Vanguard Group Inc. lifted its holdings in shares of Microsoft by 2.4% in the fourth quarter. Vanguard Group Inc. now owns 664,908,939 shares of the software giant’s stock valued at $250,032,357,000 after purchasing an additional 15,701,937 shares in the last quarter. TCI Fund Management Ltd. bought a new stake in shares of Microsoft in the fourth quarter valued at about $4,000,376,000. Finally, FMR LLC lifted its holdings in shares of Microsoft by 2.7% in the third quarter. FMR LLC now owns 215,874,152 shares of the software giant’s stock valued at $68,162,263,000 after purchasing an additional 5,762,902 shares in the last quarter. 71.13% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

MSFT has been the topic of a number of research reports. Jefferies Financial Group boosted their price target on Microsoft from $465.00 to $550.00 and gave the company a “buy” rating in a report on Monday, April 1st. Stifel Nicolaus restated a “buy” rating and issued a $455.00 price target on shares of Microsoft in a report on Monday, April 22nd. KeyCorp assumed coverage on Microsoft in a report on Thursday, March 21st. They set an “overweight” rating and a $490.00 target price on the stock. Sanford C. Bernstein boosted their price target on Microsoft from $465.00 to $489.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. Finally, Tigress Financial increased their price objective on Microsoft from $475.00 to $550.00 and gave the company a “buy” rating in a report on Thursday, June 13th. Three investment analysts have rated the stock with a hold rating and thirty-three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $467.12.

Insider Transactions at Microsoft

In related news, CMO Takeshi Numoto sold 244 shares of Microsoft stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $415.53, for a total value of $101,389.32. Following the transaction, the chief marketing officer now directly owns 47,011 shares of the company’s stock, valued at $19,534,480.83. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CMO Takeshi Numoto sold 244 shares of Microsoft stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $415.53, for a total value of $101,389.32. Following the transaction, the chief marketing officer now directly owns 47,011 shares of the company’s stock, valued at $19,534,480.83. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Judson Althoff sold 25,000 shares of Microsoft stock in a transaction that occurred 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 completion of the transaction, the executive vice president now directly owns 104,949 shares in the company, valued at $44,674,690.32. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 25,566 shares of company stock valued at $10,877,535. 0.03% of the stock is currently owned by company insiders.

Microsoft Stock Up 0.6 %

Shares of MSFT opened at $459.28 on Wednesday. Microsoft Co. has a 12 month low of $309.45 and a 12 month high of $459.59. The firm’s 50 day moving average is $425.22 and its 200-day moving average is $410.79. The stock has a market capitalization of $3.41 trillion, a PE ratio of 39.76, a P/E/G ratio of 2.36 and a beta of 0.89. 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 (NASDAQ:MSFT) last announced its earnings results on Thursday, April 25th. The software giant reported $2.94 EPS for the quarter, topping the consensus estimate of $2.81 by $0.13. Microsoft had a net margin of 36.43% and a return on equity of 37.54%. The company had revenue of $61.86 billion for the quarter, compared to analysts’ expectations of $60.86 billion. During the same period last year, the firm earned $2.45 earnings per share. The business’s revenue for the quarter was up 17.0% on a year-over-year basis. Equities research analysts forecast that Microsoft Co. will post 11.77 EPS for the current year.

Microsoft Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Thursday, August 15th will be issued a dividend of $0.75 per share. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $3.00 annualized dividend and a dividend yield of 0.65%. Microsoft’s dividend payout ratio is presently 25.97%.

About Microsoft

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.