Microsoft Co. (NASDAQ:MSFT) Shares Sold by Courier Capital LLC

Courier Capital LLC trimmed its holdings in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) by 2.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 80,679 shares of the software giant's stock after selling 1,733 shares during the period. Microsoft makes up about 2.3% of Courier Capital LLC's holdings, making the stock its 6th biggest position. Courier Capital LLC's holdings in Microsoft were worth $34,006,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Christopher J. Hasenberg Inc grew its stake in shares of Microsoft by 35.7% in the 3rd quarter. Christopher J. Hasenberg Inc now owns 95 shares of the software giant's stock valued at $39,000 after buying an additional 25 shares in the last quarter. Quarry LP acquired a new position in shares of Microsoft during the 2nd quarter worth $45,000. Avondale Wealth Management raised its holdings in shares of Microsoft by 144.4% during the 4th quarter. Avondale Wealth Management now owns 110 shares of the software giant's stock valued at $46,000 after purchasing an additional 65 shares in the last quarter. MidAtlantic Capital Management Inc. acquired a new stake in shares of Microsoft in the 3rd quarter valued at $62,000. Finally, Kieckhefer Group LLC acquired a new position in Microsoft during the fourth quarter worth $141,000. Hedge funds and other institutional investors own 71.13% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on MSFT. DA Davidson reaffirmed a "neutral" rating and issued a $425.00 price target on shares of Microsoft in a research report on Thursday, January 30th. UBS Group dropped their price target on shares of Microsoft from $525.00 to $510.00 and set a "buy" rating on the stock in a research report on Thursday, January 30th. Loop Capital upped their price objective on shares of Microsoft from $500.00 to $550.00 and gave the stock a "buy" rating in a report on Monday, December 23rd. Stifel Nicolaus lifted their target price on shares of Microsoft from $475.00 to $515.00 and gave the stock a "buy" rating in a report on Wednesday, December 18th. Finally, Royal Bank of Canada restated an "outperform" rating and set a $500.00 price target on shares of Microsoft in a report on Thursday, January 30th. Three investment analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $510.96.

Microsoft Price Performance

MSFT stock traded down $7.88 during trading on Friday, hitting $408.25. The company had a trading volume of 27,440,364 shares, compared to its average volume of 22,515,041. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.13. The company has a fifty day moving average price of $425.98 and a two-hundred day moving average price of $422.79. Microsoft Co. has a fifty-two week low of $385.58 and a fifty-two week high of $468.35. The company has a market cap of $3.03 trillion, a P/E ratio of 32.87, a P/E/G ratio of 2.20 and a beta of 0.90.

Microsoft (NASDAQ:MSFT - Get Free Report) last posted its earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share for the quarter, topping the consensus estimate of $3.15 by $0.08. Microsoft had a net margin of 35.43% and a return on equity of 33.36%. During the same period last year, the business posted $2.93 EPS. Equities research analysts expect that Microsoft Co. will post 13.07 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 20th will be paid a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date is Thursday, February 20th. Microsoft's dividend payout ratio (DPR) is currently 26.73%.

Insider Transactions at Microsoft

In other Microsoft news, CMO Takeshi Numoto sold 1,000 shares of the business's stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $423.48, for a total value of $423,480.00. Following the transaction, the chief marketing officer now owns 56,511 shares of the company's stock, valued at approximately $23,931,278.28. The trade was a 1.74 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold 8,000 shares of company stock valued at $3,493,820 in the last three months. 0.03% of the stock is owned by corporate insiders.

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.