Krilogy Financial LLC Sells 688 Shares of Microsoft Co. (NASDAQ:MSFT)

Krilogy Financial LLC reduced its position in shares of Microsoft Co. (NASDAQ:MSFT) by 1.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 46,622 shares of the software giant’s stock after selling 688 shares during the period. Microsoft accounts for about 1.5% of Krilogy Financial LLC’s holdings, making the stock its 15th biggest position. Krilogy Financial LLC’s holdings in Microsoft were worth $17,532,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. FMR LLC increased its stake in shares of Microsoft by 2.7% in the third quarter. FMR LLC now owns 215,874,152 shares of the software giant’s stock worth $68,162,263,000 after purchasing an additional 5,762,902 shares in the last quarter. Barclays PLC grew its stake in Microsoft by 9.3% during the third quarter. Barclays PLC now owns 28,987,007 shares of the software giant’s stock valued at $9,152,647,000 after acquiring an additional 2,456,190 shares in the last quarter. International Assets Investment Management LLC purchased a new position in Microsoft during the fourth quarter valued at approximately $9,625,201,000. California Public Employees Retirement System grew its stake in Microsoft by 9.2% during the third quarter. California Public Employees Retirement System now owns 21,375,375 shares of the software giant’s stock valued at $6,749,275,000 after acquiring an additional 1,796,956 shares in the last quarter. Finally, Raymond James & Associates grew its stake in Microsoft by 0.8% during the third quarter. Raymond James & Associates now owns 10,671,615 shares of the software giant’s stock valued at $3,369,562,000 after acquiring an additional 88,583 shares in the last quarter. Institutional investors own 71.13% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Royal Bank of Canada boosted their price objective on shares of Microsoft from $415.00 to $450.00 and gave the company an “outperform” rating in a research note on Wednesday, January 31st. Raymond James reaffirmed an “outperform” rating and set a $480.00 price objective (up previously from $450.00) on shares of Microsoft in a research note on Friday, April 26th. Evercore ISI boosted their price objective on shares of Microsoft from $475.00 to $485.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. DA Davidson reaffirmed a “buy” rating and set a $500.00 price objective on shares of Microsoft in a research note on Friday, March 15th. Finally, Wells Fargo & Company boosted their price target on shares of Microsoft from $480.00 to $500.00 and gave the stock an “overweight” rating in a research note on Friday, April 26th. Three research analysts have rated the stock with a hold rating and thirty-two have given a buy rating to the company. Based on data from MarketBeat.com, Microsoft currently has an average rating of “Moderate Buy” and a consensus price target of $452.61.

Microsoft Trading Up 2.2 %

NASDAQ:MSFT opened at $406.66 on Monday. The company has a quick ratio of 1.23, a current ratio of 1.24 and a debt-to-equity ratio of 0.17. Microsoft Co. has a 52 week low of $303.40 and a 52 week high of $430.82. The firm has a market capitalization of $3.02 trillion, a P/E ratio of 35.21, a P/E/G ratio of 2.15 and a beta of 0.89. The company has a fifty day moving average of $413.68 and a 200 day moving average of $390.88.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings data on Thursday, April 25th. The software giant reported $2.94 EPS for the quarter, topping the consensus estimate of $2.81 by $0.13. Microsoft had a net margin of 36.43% and a return on equity of 37.54%. The business had revenue of $61.86 billion during the quarter, compared to analyst estimates of $60.86 billion. During the same period in the prior year, the business earned $2.45 EPS. The company’s revenue for the quarter was up 17.0% on a year-over-year basis. On average, research analysts predict that Microsoft Co. will post 11.76 earnings per share for the current year.

Microsoft Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Shareholders of record on Thursday, May 16th will be issued a $0.75 dividend. The ex-dividend date is Wednesday, May 15th. This represents a $3.00 annualized dividend and a yield of 0.74%. Microsoft’s dividend payout ratio (DPR) is presently 25.97%.

Insiders Place Their Bets

In other Microsoft news, EVP Kathleen T. Hogan sold 21,955 shares of the company’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $403.96, for a total value of $8,868,941.80. Following the completion of the transaction, the executive vice president now directly owns 159,764 shares in the company, valued at approximately $64,538,265.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, major shareholder Corp Microsoft sold 1,000,000 shares of the company’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $1.95, for a total value of $1,950,000.00. Following the sale, the insider now directly owns 11,677,398 shares of the company’s stock, valued at approximately $22,770,926.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Kathleen T. Hogan sold 21,955 shares of the company’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $403.96, for a total transaction of $8,868,941.80. Following the completion of the sale, the executive vice president now directly owns 159,764 shares in the company, valued at $64,538,265.44. The disclosure for this sale can be found here. Company insiders own 0.03% of the company’s stock.

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.