Aigen Investment Management LP Sells 2,684 Shares of Microsoft Co. (NASDAQ:MSFT)

Aigen Investment Management LP lowered its stake in Microsoft Co. (NASDAQ:MSFT - Free Report) by 37.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,523 shares of the software giant's stock after selling 2,684 shares during the period. Aigen Investment Management LP's holdings in Microsoft were worth $1,946,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in MSFT. Christopher J. Hasenberg Inc increased its holdings in shares of Microsoft by 169.2% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 70 shares of the software giant's stock valued at $31,000 after acquiring an additional 44 shares during the last quarter. Quarry LP acquired a new position in Microsoft in the second quarter valued at approximately $45,000. Innealta Capital LLC acquired a new stake in Microsoft during the second quarter worth approximately $75,000. Carolina Wealth Advisors LLC lifted its position in shares of Microsoft by 10.1% during the 3rd quarter. Carolina Wealth Advisors LLC now owns 338 shares of the software giant's stock worth $145,000 after buying an additional 31 shares during the last quarter. Finally, MayTech Global Investments LLC purchased a new position in shares of Microsoft in the 2nd quarter valued at $200,000. Hedge funds and other institutional investors own 71.13% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently commented on MSFT. Morgan Stanley lifted their target price on Microsoft from $506.00 to $548.00 and gave the stock an "overweight" rating in a research report on Thursday, October 31st. TD Cowen decreased their price target on shares of Microsoft from $495.00 to $475.00 and set a "buy" rating for the company in a research note on Thursday, October 31st. Citigroup reduced their price objective on Microsoft from $500.00 to $497.00 and set a "buy" rating for the company in a research note on Wednesday, October 23rd. Stifel Nicolaus raised their price objective on Microsoft from $475.00 to $515.00 and gave the company a "buy" rating in a research note on Wednesday, December 18th. Finally, Royal Bank of Canada reissued an "outperform" rating and set a $500.00 price target on shares of Microsoft in a research report on Tuesday, November 5th. Three analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $511.53.

Microsoft Stock Up 1.0 %

NASDAQ:MSFT traded up $4.45 on Friday, hitting $429.03. 26,146,013 shares of the company's stock traded hands, compared to its average volume of 17,227,436. The firm has a 50-day moving average price of $429.19 and a 200-day moving average price of $426.57. The company has a current ratio of 1.30, a quick ratio of 1.29 and a debt-to-equity ratio of 0.15. The company has a market cap of $3.19 trillion, a PE ratio of 35.40, a price-to-earnings-growth ratio of 2.22 and a beta of 0.90. Microsoft Co. has a 1 year low of $385.58 and a 1 year high of $468.35.

Microsoft (NASDAQ:MSFT - Get Free Report) last released its earnings results on Wednesday, October 30th. The software giant reported $3.30 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.10 by $0.20. Microsoft had a net margin of 35.61% and a return on equity of 34.56%. The company had revenue of $65.59 billion during the quarter, compared to the consensus estimate of $64.57 billion. During the same quarter in the prior year, the firm earned $2.99 EPS. The company's revenue was up 16.0% compared to the same quarter last year. Equities analysts anticipate that Microsoft Co. will post 12.92 EPS for the current fiscal year.

Microsoft Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 20th will be issued a dividend of $0.83 per share. The ex-dividend date of this dividend is Thursday, February 20th. This represents a $3.32 annualized dividend and a dividend yield of 0.77%. Microsoft's dividend payout ratio is 27.39%.

Insider Activity at Microsoft

In other Microsoft news, CMO Takeshi Numoto sold 1,000 shares of the stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $414.72, for a total transaction of $414,720.00. Following the transaction, the chief marketing officer now owns 57,511 shares in the company, valued at $23,850,961.92. This trade represents a 1.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Christopher David Young sold 7,200 shares of the business's stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $423.66, for a total transaction of $3,050,352.00. Following the completion of the sale, the executive vice president now owns 103,366 shares of the company's stock, valued at $43,792,039.56. The trade was a 6.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 41,200 shares of company stock valued at $17,383,892. 0.03% of the stock is owned by corporate insiders.

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.