Foundry Partners LLC Sells 220 Shares of Microsoft Co. (NASDAQ:MSFT)

Foundry Partners LLC cut its holdings in Microsoft Co. (NASDAQ:MSFT) by 7.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,570 shares of the software giant’s stock after selling 220 shares during the period. Foundry Partners LLC’s holdings in Microsoft were worth $966,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of MSFT. Horizon Bancorp Inc. IN lifted its stake in Microsoft by 76.4% in the 3rd quarter. Horizon Bancorp Inc. IN now owns 3,303 shares of the software giant’s stock worth $1,043,000 after purchasing an additional 1,431 shares in the last quarter. Capital Advisors Inc. OK lifted its stake in Microsoft by 2.6% in the 3rd quarter. Capital Advisors Inc. OK now owns 467,124 shares of the software giant’s stock worth $147,494,000 after purchasing an additional 11,725 shares in the last quarter. Stratos Wealth Partners LTD. lifted its stake in Microsoft by 7.2% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 288,162 shares of the software giant’s stock worth $90,987,000 after purchasing an additional 19,355 shares in the last quarter. Stratos Wealth Advisors LLC lifted its stake in Microsoft by 21.2% in the 3rd quarter. Stratos Wealth Advisors LLC now owns 63,377 shares of the software giant’s stock worth $20,012,000 after purchasing an additional 11,081 shares in the last quarter. Finally, W.H. Cornerstone Investments Inc. lifted its stake in Microsoft by 0.8% in the 3rd quarter. W.H. Cornerstone Investments Inc. now owns 14,974 shares of the software giant’s stock worth $4,728,000 after purchasing an additional 126 shares in the last quarter. 71.13% of the stock is owned by institutional investors.

Insider Activity at Microsoft

In related news, EVP Kathleen T. Hogan sold 21,955 shares of Microsoft stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $403.96, for a total transaction of $8,868,941.80. Following the completion of the transaction, the executive vice president now directly owns 159,764 shares of the company’s stock, valued at approximately $64,538,265.44. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.03% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have issued reports on MSFT shares. DA Davidson reiterated a “buy” rating and issued a $500.00 target price on shares of Microsoft in a research note on Friday, March 15th. Wedbush restated an “outperform” rating and set a $500.00 price objective on shares of Microsoft in a research report on Wednesday. Evercore ISI raised their price objective on shares of Microsoft from $475.00 to $485.00 and gave the company an “outperform” rating in a research report on Friday, April 26th. Macquarie raised their price objective on shares of Microsoft from $460.00 to $475.00 and gave the company an “outperform” rating in a research report on Friday, May 17th. Finally, Barclays raised their price objective on shares of Microsoft from $421.00 to $475.00 and gave the company an “overweight” rating in a research report on Wednesday, January 31st. Three investment analysts have rated the stock with a hold rating and thirty-two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $454.70.

Microsoft Trading Up 0.3 %

Shares of MSFT opened at $430.52 on Thursday. The firm’s 50-day moving average price is $416.05 and its 200-day moving average price is $397.95. The firm has a market capitalization of $3.20 trillion, a price-to-earnings ratio of 37.27, a PEG ratio of 2.25 and a beta of 0.89. The company has a current ratio of 1.24, a quick ratio of 1.23 and a debt-to-equity ratio of 0.17. Microsoft Co. has a 1-year low of $309.45 and a 1-year high of $432.97.

Microsoft (NASDAQ:MSFT) last announced its earnings results on Thursday, April 25th. The software giant reported $2.94 earnings per share 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 analyst estimates of $60.86 billion. Microsoft had a net margin of 36.43% and a return on equity of 37.54%. The company’s revenue for the quarter was up 17.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.45 EPS. Sell-side analysts anticipate that Microsoft Co. will post 11.77 EPS for the current year.

Microsoft Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Stockholders of record on Thursday, May 16th will be paid a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date of this dividend is Wednesday, May 15th. 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.