Key Client Fiduciary Advisors LLC Sells 137 Shares of Microsoft Co. (NASDAQ:MSFT)

Key Client Fiduciary Advisors LLC cut its holdings in Microsoft Co. (NASDAQ:MSFT) by 0.6% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 23,757 shares of the software giant’s stock after selling 137 shares during the period. Microsoft accounts for about 5.3% of Key Client Fiduciary Advisors LLC’s holdings, making the stock its biggest position. Key Client Fiduciary Advisors LLC’s holdings in Microsoft were worth $9,995,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Friedenthal Financial purchased a new position in Microsoft during the fourth quarter worth about $45,000. Neo Ivy Capital Management acquired a new position in shares of Microsoft during the 4th quarter valued at about $58,000. PayPay Securities Corp lifted its holdings in shares of Microsoft by 23.7% during the 4th quarter. PayPay Securities Corp now owns 188 shares of the software giant’s stock worth $71,000 after acquiring an additional 36 shares during the period. Cooksen Wealth LLC acquired a new stake in shares of Microsoft in the fourth quarter worth approximately $86,000. Finally, Kathleen S. Wright Associates Inc. grew its holdings in Microsoft by 160.7% in the fourth quarter. Kathleen S. Wright Associates Inc. now owns 232 shares of the software giant’s stock valued at $87,000 after purchasing an additional 143 shares during the period. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Microsoft Price Performance

Shares of MSFT opened at $460.77 on Thursday. The company has a current ratio of 1.24, a quick ratio of 1.23 and a debt-to-equity ratio of 0.17. The firm has a market cap of $3.42 trillion, a price-to-earnings ratio of 39.89, a PEG ratio of 2.36 and a beta of 0.89. Microsoft Co. has a 52 week low of $309.45 and a 52 week high of $461.02. The stock has a 50 day moving average of $426.26 and a 200-day moving average of $411.42.

Microsoft (NASDAQ:MSFT) last released its earnings results on Thursday, April 25th. The software giant reported $2.94 earnings per share for the quarter, beating 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 firm had revenue of $61.86 billion during the quarter, compared to analyst estimates of $60.86 billion. During the same quarter in the previous year, the firm earned $2.45 earnings per share. The firm’s revenue for the quarter was up 17.0% compared to the same quarter last year. As a group, analysts forecast that Microsoft Co. will post 11.77 EPS for the current year.

Microsoft Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Thursday, August 15th will be paid a $0.75 dividend. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $3.00 dividend on an annualized basis and a yield of 0.65%. Microsoft’s payout ratio is currently 25.97%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on MSFT. Evercore ISI increased their price target on shares of Microsoft from $475.00 to $485.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. Royal Bank of Canada reiterated an “outperform” rating and issued a $500.00 target price on shares of Microsoft in a report on Friday, May 24th. Oppenheimer upped their price target on Microsoft from $450.00 to $500.00 and gave the stock an “outperform” rating in a research note on Friday, June 7th. UBS Group reaffirmed a “buy” rating and issued a $480.00 price objective on shares of Microsoft in a research note on Wednesday, April 10th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $455.00 target price on shares of Microsoft in a research report on Monday, April 22nd. Three equities research analysts have rated the stock with a hold rating and thirty-three have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $467.12.

Insider Transactions at Microsoft

In related news, EVP Judson Althoff sold 25,000 shares of the business’s 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 completion of the transaction, the executive vice president now owns 104,949 shares in the company, valued at approximately $44,674,690.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Microsoft news, EVP Judson Althoff sold 25,000 shares of the firm’s stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $425.68, for a total value of $10,642,000.00. Following the sale, the executive vice president now directly owns 104,949 shares in the company, valued at $44,674,690.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CMO Takeshi Numoto sold 322 shares of the company’s stock in a transaction dated Friday, May 31st. The stock was sold at an average price of $416.60, for a total transaction of $134,145.20. Following the transaction, the chief marketing officer now owns 47,255 shares of the company’s stock, valued at approximately $19,686,433. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 25,566 shares of company stock worth $10,877,535. 0.03% of the stock is currently owned by company insiders.

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.