Dentgroup LLC Cuts Stake in Microsoft Co. (NASDAQ:MSFT)

Dentgroup LLC decreased its stake in Microsoft Co. (NASDAQ:MSFT) by 26.6% during the 1st quarter, HoldingsChannel.com reports. The fund owned 635 shares of the software giant’s stock after selling 230 shares during the period. Dentgroup LLC’s holdings in Microsoft were worth $267,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Friedenthal Financial purchased a new position in shares of Microsoft in the fourth quarter worth about $45,000. Neo Ivy Capital Management bought a new stake in Microsoft during the 4th quarter valued at $58,000. PayPay Securities Corp lifted its position in shares of Microsoft by 23.7% during the fourth quarter. PayPay Securities Corp now owns 188 shares of the software giant’s stock worth $71,000 after acquiring an additional 36 shares in the last quarter. Cooksen Wealth LLC bought a new position in shares of Microsoft in the fourth quarter worth $86,000. Finally, Authentikos Wealth Advisory LLC purchased a new position in shares of Microsoft in the third quarter valued at $87,000. 71.13% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Microsoft

In other Microsoft news, EVP Judson Althoff sold 25,000 shares of Microsoft stock in a transaction 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 $44,674,690.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Microsoft news, EVP Judson Althoff sold 25,000 shares of Microsoft stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $425.68, for a total value of $10,642,000.00. Following the completion of the transaction, the executive vice president now directly owns 104,949 shares of the company’s stock, valued at $44,674,690.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CMO Takeshi Numoto sold 244 shares of the stock in a transaction that occurred 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 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 in the last ninety days. 0.03% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

MSFT has been the subject of a number of recent analyst reports. Morgan Stanley lifted their target price on Microsoft from $465.00 to $520.00 and gave the company an “overweight” rating in a report on Thursday, April 11th. UBS Group reaffirmed a “buy” rating and set a $480.00 price objective on shares of Microsoft in a research note on Wednesday, April 10th. Macquarie increased their target price on shares of Microsoft from $460.00 to $475.00 and gave the stock an “outperform” rating in a research note on Friday, May 17th. Oppenheimer boosted their target price on Microsoft from $450.00 to $500.00 and gave the stock an “outperform” rating in a research report on Friday, June 7th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $500.00 price target on shares of Microsoft in a report on Friday, March 15th. Three equities research analysts have rated the stock with a hold rating and thirty-three have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $465.83.

Microsoft Trading Down 0.5 %

MSFT opened at $446.34 on Thursday. The stock has a market cap of $3.32 trillion, a PE ratio of 38.64, a PEG ratio of 2.36 and a beta of 0.89. The business has a 50 day moving average of $419.05 and a 200-day moving average of $406.10. Microsoft Co. has a 52 week low of $309.45 and a 52 week 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 announced its earnings results on Thursday, April 25th. The software giant reported $2.94 EPS for the quarter, beating analysts’ consensus estimates of $2.81 by $0.13. The firm had revenue of $61.86 billion for the quarter, compared to analysts’ expectations of $60.86 billion. Microsoft had a net margin of 36.43% and a return on equity of 37.54%. The company’s quarterly revenue was up 17.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.45 EPS. Equities research analysts predict that Microsoft Co. will post 11.77 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

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

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.