Microsoft Co. (NASDAQ:MSFT) Shares Sold by RHS Financial LLC

RHS Financial LLC trimmed its holdings in Microsoft Co. (NASDAQ:MSFT) by 39.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,756 shares of the software giant’s stock after selling 1,828 shares during the period. RHS Financial LLC’s holdings in Microsoft were worth $1,160,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the business. Friedenthal Financial purchased a new position in Microsoft in the 4th quarter valued at about $45,000. Neo Ivy Capital Management purchased a new position in Microsoft in the 4th quarter valued at about $58,000. Richardson Capital Management LLC lifted its holdings in Microsoft by 1,290.0% in the 1st quarter. Richardson Capital Management LLC now owns 139 shares of the software giant’s stock valued at $59,000 after purchasing an additional 129 shares in the last quarter. PayPay Securities Corp lifted its holdings in Microsoft by 23.7% in the 4th quarter. PayPay Securities Corp now owns 188 shares of the software giant’s stock valued at $71,000 after purchasing an additional 36 shares in the last quarter. Finally, Cooksen Wealth LLC purchased a new position in Microsoft in the 4th quarter valued at about $86,000. 71.13% of the stock is owned by institutional investors and hedge funds.

Microsoft Stock Down 2.5 %

MSFT stock opened at $454.70 on Friday. Microsoft Co. has a twelve month low of $309.45 and a twelve month high of $468.35. 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 company has a market capitalization of $3.38 trillion, a P/E ratio of 39.37, a PEG ratio of 2.20 and a beta of 0.89. The firm has a 50 day simple moving average of $435.00 and a 200-day simple moving average of $415.23.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings results on Thursday, April 25th. The software giant reported $2.94 earnings per share for the quarter, topping analysts’ consensus estimates of $2.81 by $0.13. Microsoft had a net margin of 36.43% and a return on equity of 37.54%. The business had revenue of $61.86 billion during the quarter, compared to the consensus estimate of $60.86 billion. During the same quarter last year, the company earned $2.45 earnings per share. The business’s quarterly revenue was up 17.0% compared to the same quarter last year. On average, equities research analysts predict that Microsoft Co. will post 11.77 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 12th. Investors of record on Thursday, August 15th will be paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 0.66%. The ex-dividend date is Thursday, August 15th. Microsoft’s dividend payout ratio (DPR) is presently 25.97%.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Citigroup upped their target price on shares of Microsoft from $495.00 to $520.00 and gave the company a “buy” rating in a report on Friday, June 21st. Stifel Nicolaus reiterated a “buy” rating and set a $455.00 price objective on shares of Microsoft in a report on Monday, April 22nd. Truist Financial reiterated a “buy” rating and set a $600.00 price objective on shares of Microsoft in a report on Monday, June 17th. Piper Sandler reiterated an “overweight” rating and set a $465.00 price objective (up from $455.00) on shares of Microsoft in a report on Friday, April 26th. Finally, Wells Fargo & Company increased their price objective on shares of Microsoft from $480.00 to $500.00 and gave the stock an “overweight” rating in a report on Friday, April 26th. 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.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $469.86.

Insider Buying and Selling

In related news, CMO Takeshi Numoto sold 322 shares of the firm’s stock in a transaction on 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 directly owns 47,255 shares in the company, valued at $19,686,433. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through 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. Insiders have sold 25,566 shares of company stock worth $10,877,535 over the last ninety days. 0.03% of the stock is owned by insiders.

Microsoft 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.