Visionary Horizons LLC Sells 192 Shares of Microsoft Co. (NASDAQ:MSFT)

Visionary Horizons LLC lowered its holdings in Microsoft Co. (NASDAQ:MSFT) by 5.5% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,302 shares of the software giant’s stock after selling 192 shares during the period. Microsoft makes up about 1.1% of Visionary Horizons LLC’s portfolio, making the stock its 14th largest holding. Visionary Horizons LLC’s holdings in Microsoft were worth $1,393,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in MSFT. Morris Financial Concepts Inc. increased its position in Microsoft by 0.9% during the 4th quarter. Morris Financial Concepts Inc. now owns 2,663 shares of the software giant’s stock valued at $1,001,000 after purchasing an additional 25 shares during the period. Innova Wealth Partners increased its position in shares of Microsoft by 0.6% during the fourth quarter. Innova Wealth Partners now owns 4,239 shares of the software giant’s stock worth $1,594,000 after buying an additional 25 shares during the period. Arkansas Financial Group Inc. raised its stake in Microsoft by 1.5% during the fourth quarter. Arkansas Financial Group Inc. now owns 1,719 shares of the software giant’s stock worth $646,000 after buying an additional 25 shares during the last quarter. Partnership Wealth Management LLC lifted its holdings in Microsoft by 0.4% in the first quarter. Partnership Wealth Management LLC now owns 6,202 shares of the software giant’s stock valued at $2,609,000 after buying an additional 25 shares during the period. Finally, Sicart Associates LLC boosted its position in Microsoft by 2.9% during the fourth quarter. Sicart Associates LLC now owns 926 shares of the software giant’s stock valued at $348,000 after acquiring an additional 26 shares during the last quarter. Institutional investors and hedge funds own 71.13% of the company’s stock.

Insider Activity at Microsoft

In other news, CMO Takeshi Numoto sold 244 shares of Microsoft stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $415.53, for a total value of $101,389.32. Following the completion of the transaction, the chief marketing officer now owns 47,011 shares in the company, valued at $19,534,480.83. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Judson Althoff sold 25,000 shares of the firm’s stock in a transaction on Thursday, May 23rd. The stock was 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CMO Takeshi Numoto sold 244 shares of the stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $415.53, for a total value of $101,389.32. Following the sale, the chief marketing officer now directly owns 47,011 shares in the company, valued at approximately $19,534,480.83. The disclosure for this sale can be found here. In the last three months, insiders have sold 25,566 shares of company stock worth $10,877,535. Company insiders own 0.03% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on MSFT shares. Macquarie lifted their price objective on Microsoft from $460.00 to $475.00 and gave the stock an “outperform” rating in a research report on Friday, May 17th. Evercore ISI boosted their price target on Microsoft from $475.00 to $485.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. New Street Research assumed coverage on shares of Microsoft in a research report on Monday, June 10th. They set a “buy” rating and a $570.00 price objective for the company. Jefferies Financial Group boosted their target price on shares of Microsoft from $465.00 to $550.00 and gave the company a “buy” rating in a research report on Monday, April 1st. Finally, Sanford C. Bernstein increased their target price on shares of Microsoft from $465.00 to $489.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. Three investment analysts have rated the stock with a hold rating and thirty-three have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $467.12.

Microsoft Stock Performance

NASDAQ MSFT opened at $460.77 on Thursday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.23 and a current ratio of 1.24. The company has a market capitalization of $3.42 trillion, a PE ratio of 39.89, a price-to-earnings-growth ratio of 2.36 and a beta of 0.89. Microsoft Co. has a 52-week low of $309.45 and a 52-week high of $461.02. The company has a 50-day simple moving average of $426.26 and a 200 day simple moving average of $411.42.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings results on Thursday, April 25th. The software giant reported $2.94 EPS for the quarter, topping analysts’ consensus estimates of $2.81 by $0.13. Microsoft had a net margin of 36.43% and a return on equity of 37.54%. The company had revenue of $61.86 billion for the quarter, compared to analysts’ expectations of $60.86 billion. During the same quarter in the previous year, the firm posted $2.45 EPS. Microsoft’s revenue was up 17.0% on a year-over-year basis. On average, research analysts predict that Microsoft Co. will post 11.77 EPS for the current year.

Microsoft Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 12th. Investors of record on Thursday, August 15th will be issued a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 0.65%. The ex-dividend date of this dividend is Thursday, August 15th. Microsoft’s dividend payout ratio (DPR) is currently 25.97%.

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.