Vigilare Wealth Management cut its stake in Microsoft Co. (NASDAQ:MSFT – Free Report) by 23.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,697 shares of the software giant’s stock after selling 2,647 shares during the period. Microsoft makes up 1.8% of Vigilare Wealth Management’s holdings, making the stock its 11th largest position. Vigilare Wealth Management’s holdings in Microsoft were worth $3,659,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in Microsoft by 2.4% in the 4th quarter. Vanguard Group Inc. now owns 664,908,939 shares of the software giant’s stock worth $250,032,357,000 after purchasing an additional 15,701,937 shares during the period. Norges Bank acquired a new position in Microsoft in the 4th quarter worth $35,920,047,000. International Assets Investment Management LLC acquired a new position in Microsoft in the 4th quarter worth $9,625,201,000. Jennison Associates LLC boosted its stake in Microsoft by 1.1% in the 4th quarter. Jennison Associates LLC now owns 25,505,600 shares of the software giant’s stock worth $9,591,126,000 after purchasing an additional 277,881 shares during the period. Finally, Fisher Asset Management LLC boosted its stake in Microsoft by 1.6% in the 4th quarter. Fisher Asset Management LLC now owns 25,381,692 shares of the software giant’s stock worth $9,544,532,000 after purchasing an additional 403,409 shares during the period. 71.13% of the stock is owned by institutional investors and hedge funds.
Microsoft Stock Performance
NASDAQ MSFT opened at $453.96 on Tuesday. The firm’s fifty day moving average price is $436.74 and its two-hundred day moving average price is $416.91. The stock has a market cap of $3.37 trillion, a PE ratio of 39.30, a PEG ratio of 2.14 and a beta of 0.89. Microsoft Co. has a fifty-two week low of $309.45 and a fifty-two week high of $468.35. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.23 and a current ratio of 1.24.
Microsoft (NASDAQ:MSFT – Get Free Report) last posted its 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 firm had revenue of $61.86 billion for the quarter, compared to analysts’ expectations of $60.86 billion. During the same quarter in the previous year, the firm posted $2.45 earnings per share. The company’s revenue was up 17.0% on a year-over-year basis. On average, equities analysts expect that Microsoft Co. will post 11.77 EPS for the current fiscal year.
Microsoft Announces Dividend
The firm 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 $0.75 dividend. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $3.00 annualized dividend and a dividend yield of 0.66%. Microsoft’s dividend payout ratio is 25.97%.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently commented on MSFT shares. Tigress Financial increased their price objective on shares of Microsoft from $475.00 to $550.00 and gave the stock a “buy” rating in a research note on Thursday, June 13th. Sanford C. Bernstein increased their price objective on shares of Microsoft from $465.00 to $489.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. The Goldman Sachs Group increased their price objective on shares of Microsoft from $450.00 to $515.00 and gave the stock a “buy” rating in a research note on Friday, April 26th. Truist Financial restated a “buy” rating and set a $600.00 price objective on shares of Microsoft in a research note on Monday, June 17th. Finally, UBS Group restated a “buy” rating and set a $480.00 price objective on shares of Microsoft in a research note on Wednesday, April 10th. Three equities research 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, Microsoft presently has a consensus rating of “Moderate Buy” and a consensus price target of $470.86.
Read Our Latest Research Report on MSFT
Insider Buying and Selling
In related news, CMO Takeshi Numoto sold 244 shares of the business’s stock in a transaction 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 sale, the chief marketing officer now 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 SEC, which is accessible through the SEC website. In other Microsoft news, EVP Judson Althoff sold 25,000 shares of the company’s 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 sale, the executive vice president now owns 104,949 shares of the company’s stock, valued at $44,674,690.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CMO Takeshi Numoto sold 244 shares of the company’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $415.53, for a total transaction of $101,389.32. Following the sale, the chief marketing officer now directly owns 47,011 shares in the company, valued at approximately $19,534,480.83. The disclosure for this sale can be found here. Insiders have sold a total of 25,566 shares of company stock valued at $10,877,535 over the last 90 days. 0.03% of the stock is owned by insiders.
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.
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