True Vision MN LLC Decreases Stake in Microsoft Co. (NASDAQ:MSFT)

True Vision MN LLC lowered its position in Microsoft Co. (NASDAQ:MSFT) by 12.7% during the third quarter, HoldingsChannel reports. The firm owned 1,164 shares of the software giant’s stock after selling 170 shares during the period. True Vision MN LLC’s holdings in Microsoft were worth $501,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. First National Bank Sioux Falls grew its position in shares of Microsoft by 0.4% during the second quarter. First National Bank Sioux Falls now owns 6,340 shares of the software giant’s stock worth $2,834,000 after buying an additional 24 shares in the last quarter. BCK Partners Inc. grew its position in shares of Microsoft by 1.8% during the third quarter. BCK Partners Inc. now owns 1,353 shares of the software giant’s stock worth $582,000 after buying an additional 24 shares in the last quarter. Massachusetts Wealth Management grew its position in shares of Microsoft by 0.3% during the second quarter. Massachusetts Wealth Management now owns 9,640 shares of the software giant’s stock worth $4,309,000 after buying an additional 25 shares in the last quarter. Deseret Mutual Benefit Administrators grew its position in shares of Microsoft by 0.8% during the second quarter. Deseret Mutual Benefit Administrators now owns 3,255 shares of the software giant’s stock worth $1,455,000 after buying an additional 25 shares in the last quarter. Finally, Conscious Wealth Investments LLC lifted its stake in Microsoft by 0.4% during the second quarter. Conscious Wealth Investments LLC now owns 6,986 shares of the software giant’s stock worth $3,108,000 after purchasing an additional 25 shares during the last quarter. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. BMO Capital Markets decreased their target price on Microsoft from $500.00 to $495.00 and set an “outperform” rating for the company in a research note on Thursday, October 31st. Cantor Fitzgerald restated an “overweight” rating and set a $509.00 target price on shares of Microsoft in a research note on Wednesday, January 29th. Wells Fargo & Company restated a “buy” rating on shares of Microsoft in a research note on Friday, October 18th. Piper Sandler restated an “overweight” rating and set a $520.00 target price on shares of Microsoft in a research note on Monday, January 27th. Finally, Citigroup decreased their target price on Microsoft from $500.00 to $497.00 and set a “buy” rating for the company in a research note on Wednesday, October 23rd. Three investment analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company’s stock. According to MarketBeat, Microsoft has a consensus rating of “Moderate Buy” and an average target price of $510.96.

Insiders Place Their Bets

In other Microsoft news, EVP Christopher David Young sold 7,200 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $423.66, for a total value of $3,050,352.00. Following the sale, the executive vice president now directly owns 103,366 shares of the company’s stock, valued at approximately $43,792,039.56. This trade represents a 6.51 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CMO Takeshi Numoto sold 2,500 shares of the firm’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $447.41, for a total value of $1,118,525.00. Following the completion of the sale, the chief marketing officer now directly owns 49,352 shares in the company, valued at approximately $22,080,578.32. The trade was a 4.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 41,200 shares of company stock valued at $17,383,892. Insiders own 0.03% of the company’s stock.

Microsoft Stock Up 0.0 %

MSFT opened at $415.06 on Monday. The company has a quick ratio of 1.29, a current ratio of 1.30 and a debt-to-equity ratio of 0.15. The firm has a market cap of $3.09 trillion, a P/E ratio of 33.42, a PEG ratio of 2.38 and a beta of 0.90. Microsoft Co. has a 52 week low of $385.58 and a 52 week high of $468.35. The business’s fifty day simple moving average is $432.53 and its 200 day simple moving average is $424.61.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings data on Wednesday, January 29th. The software giant reported $3.23 EPS for the quarter, beating analysts’ consensus estimates of $3.15 by $0.08. Microsoft had a return on equity of 34.38% and a net margin of 35.43%. During the same quarter last year, the company earned $2.93 EPS. As a group, equities research analysts anticipate that Microsoft Co. will post 12.89 EPS for the current fiscal year.

Microsoft Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 20th will be paid a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date of this dividend is Thursday, February 20th. Microsoft’s payout ratio is 26.73%.

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.