Trinity Wealth Management LLC Has $1.35 Million Stock Position in Microsoft Co. (NASDAQ:MSFT)

Trinity Wealth Management LLC cut its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 1.2% in the second quarter, Holdings Channel reports. The institutional investor owned 3,026 shares of the software giant’s stock after selling 38 shares during the quarter. Microsoft accounts for about 0.7% of Trinity Wealth Management LLC’s portfolio, making the stock its 21st biggest holding. Trinity Wealth Management LLC’s holdings in Microsoft were worth $1,352,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Neo Ivy Capital Management acquired a new stake in Microsoft during the fourth quarter worth $58,000. Richardson Capital Management LLC boosted its stake in shares of 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 grew its stake in 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 buying an additional 36 shares during the last quarter. Bellevue Group AG raised its position in Microsoft by 47.5% in the 1st quarter. Bellevue Group AG now owns 180 shares of the software giant’s stock valued at $76,000 after purchasing an additional 58 shares during the last quarter. Finally, Horizon Financial Services LLC acquired a new stake in shares of Microsoft in the first quarter valued at $80,000. 71.13% of the stock is owned by institutional investors.

Microsoft Price Performance

MSFT stock opened at $401.70 on Friday. The stock has a market cap of $2.99 trillion, a PE ratio of 34.78, a price-to-earnings-growth ratio of 2.11 and a beta of 0.90. The stock has a 50-day moving average price of $427.59 and a two-hundred day moving average price of $422.93. Microsoft Co. has a 1 year low of $309.45 and a 1 year high of $468.35. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.16.

Microsoft (NASDAQ:MSFT) last announced its earnings results on Tuesday, July 30th. The software giant reported $2.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.90 by $0.05. Microsoft had a return on equity of 35.95% and a net margin of 35.96%. The business had revenue of $64.73 billion for the quarter, compared to analyst estimates of $64.38 billion. During the same quarter last year, the firm earned $2.69 EPS. Microsoft’s revenue for the quarter was up 15.2% compared to the same quarter last year. Equities analysts forecast that Microsoft Co. will post 13.04 EPS for the current fiscal year.

Microsoft Dividend Announcement

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

Analyst Ratings Changes

A number of equities analysts have weighed in on MSFT shares. Argus boosted their target price on shares of Microsoft from $475.00 to $526.00 and gave the stock a “buy” rating in a research note on Tuesday, July 9th. Wedbush reaffirmed an “outperform” rating and set a $550.00 price objective on shares of Microsoft in a report on Wednesday, July 31st. New Street Research initiated coverage on Microsoft in a research note on Monday, June 10th. They issued a “buy” rating and a $570.00 target price for the company. Morgan Stanley cut their price target on Microsoft from $520.00 to $506.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 31st. Finally, Truist Financial reiterated a “buy” rating and issued a $600.00 price target on shares of Microsoft in a report on Monday, June 17th. Two equities research analysts have rated the stock with a hold rating and thirty-two have assigned a buy rating to the company’s stock. According to MarketBeat.com, Microsoft presently has a consensus rating of “Moderate Buy” and an average price target of $494.72.

Insider Activity at Microsoft

In other Microsoft news, CEO Satya Nadella sold 14,398 shares of the company’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $417.41, for a total transaction of $6,009,869.18. Following the sale, the chief executive officer now directly owns 786,933 shares of the company’s stock, valued at $328,473,703.53. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CFO Amy Hood sold 38,000 shares of the stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $410.55, for a total value of $15,600,900.00. Following the transaction, the chief financial officer now directly owns 496,369 shares of the company’s stock, valued at $203,784,292.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Satya Nadella sold 14,398 shares of Microsoft stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $417.41, for a total transaction of $6,009,869.18. Following the sale, the chief executive officer now directly owns 786,933 shares of the company’s stock, valued at approximately $328,473,703.53. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 130,751 shares of company stock valued at $53,628,156. Corporate insiders own 0.03% of the company’s stock.

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.