IMPACTfolio LLC Cuts Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

IMPACTfolio LLC lowered its position in Microsoft Co. (NASDAQ:MSFT) by 59.9% in the 1st quarter, HoldingsChannel.com reports. The firm owned 3,831 shares of the software giant’s stock after selling 5,711 shares during the period. Microsoft comprises about 1.0% of IMPACTfolio LLC’s portfolio, making the stock its 15th largest holding. IMPACTfolio LLC’s holdings in Microsoft were worth $1,612,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also added to or reduced their stakes in MSFT. Financial Security Advisor Inc. raised its position in Microsoft by 1.7% in the fourth quarter. Financial Security Advisor Inc. now owns 27,270 shares of the software giant’s stock worth $10,255,000 after acquiring an additional 452 shares during the period. Gunderson Capital Management Inc. grew its position in shares of Microsoft by 0.7% in the fourth quarter. Gunderson Capital Management Inc. now owns 24,887 shares of the software giant’s stock valued at $9,359,000 after purchasing an additional 185 shares in the last quarter. Rappaport Reiches Capital Management LLC raised its stake in shares of Microsoft by 14.9% during the 4th quarter. Rappaport Reiches Capital Management LLC now owns 8,213 shares of the software giant’s stock valued at $3,089,000 after purchasing an additional 1,067 shares during the period. Bayesian Capital Management LP lifted its holdings in Microsoft by 60.1% during the 4th quarter. Bayesian Capital Management LP now owns 48,500 shares of the software giant’s stock worth $18,238,000 after purchasing an additional 18,200 shares in the last quarter. Finally, RNC Capital Management LLC lifted its holdings in Microsoft by 10.4% during the 4th quarter. RNC Capital Management LLC now owns 69,053 shares of the software giant’s stock worth $25,967,000 after purchasing an additional 6,484 shares in the last quarter. 71.13% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on MSFT. Citigroup decreased their price target on Microsoft from $480.00 to $475.00 and set a “buy” rating on the stock in a research report on Thursday, April 18th. BMO Capital Markets lifted their price objective on Microsoft from $455.00 to $465.00 and gave the company an “outperform” rating in a research note on Friday, April 12th. Oppenheimer upped their target price on Microsoft from $450.00 to $500.00 and gave the stock an “outperform” rating in a research note on Friday, June 7th. Tigress Financial boosted their price objective on Microsoft from $475.00 to $550.00 and gave the stock a “buy” rating in a report on Thursday, June 13th. Finally, 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 report on Friday, April 26th. Three investment analysts have rated the stock with a hold rating and thirty-three have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $465.83.

Microsoft Price Performance

Shares of MSFT opened at $446.34 on Wednesday. The company has a market capitalization of $3.32 trillion, a P/E ratio of 38.64, a price-to-earnings-growth ratio of 2.37 and a beta of 0.89. The firm has a 50 day moving average of $418.59 and a 200 day moving average of $405.81. Microsoft Co. has a twelve month low of $309.45 and a twelve month high of $450.94. The company has a quick ratio of 1.23, a current ratio of 1.24 and a debt-to-equity ratio of 0.17.

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

Microsoft Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Thursday, August 15th will be given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 0.67%. The ex-dividend date of this dividend is Thursday, August 15th. Microsoft’s payout ratio is currently 25.97%.

Insider Transactions at Microsoft

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

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.