Tribridge Partners Financial LLC Takes Position in Microsoft Corporation $MSFT

Tribridge Partners Financial LLC acquired a new position in shares of Microsoft Corporation (NASDAQ:MSFT) in the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 6,901 shares of the software giant’s stock, valued at approximately $3,433,000. Microsoft makes up 2.0% of Tribridge Partners Financial LLC’s holdings, making the stock its 15th largest position.

A number of other hedge funds have also made changes to their positions in the company. Longfellow Investment Management Co. LLC raised its holdings in Microsoft by 51.3% in the 2nd quarter. Longfellow Investment Management Co. LLC now owns 59 shares of the software giant’s stock valued at $29,000 after acquiring an additional 20 shares during the last quarter. Bulwark Capital Corp acquired a new stake in shares of Microsoft in the second quarter valued at approximately $32,000. Westend Capital Management LLC lifted its position in Microsoft by 386.7% during the second quarter. Westend Capital Management LLC now owns 73 shares of the software giant’s stock worth $36,000 after buying an additional 58 shares in the last quarter. University of Illinois Foundation acquired a new position in Microsoft during the second quarter worth $50,000. Finally, LSV Asset Management purchased a new stake in Microsoft in the 4th quarter valued at $44,000. Institutional investors and hedge funds own 71.13% of the company’s stock.

Insider Buying and Selling at Microsoft

In other Microsoft news, EVP Takeshi Numoto sold 2,850 shares of the firm’s stock in a transaction dated Thursday, December 4th. The stock was sold at an average price of $478.72, for a total value of $1,364,352.00. Following the sale, the executive vice president directly owned 55,782 shares of the company’s stock, valued at approximately $26,703,959.04. This trade represents a 4.86% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Judson Althoff sold 12,750 shares of the business’s stock in a transaction on Tuesday, December 2nd. The shares were sold at an average price of $491.52, for a total transaction of $6,266,880.00. Following the sale, the chief executive officer directly owned 129,349 shares of the company’s stock, valued at $63,577,620.48. This represents a 8.97% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 54,100 shares of company stock worth $27,598,872. Insiders own 0.03% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on MSFT shares. Wells Fargo & Company lifted their price target on Microsoft from $675.00 to $700.00 and gave the stock an “overweight” rating in a report on Thursday, October 30th. Cantor Fitzgerald set a $639.00 price target on shares of Microsoft in a research note on Thursday, October 30th. Raymond James Financial cut their price target on shares of Microsoft from $630.00 to $600.00 and set an “outperform” rating for the company in a report on Thursday, October 30th. Wolfe Research lowered their price objective on Microsoft from $675.00 to $625.00 and set an “outperform” rating for the company in a research report on Monday. Finally, Baird R W raised shares of Microsoft to a “strong-buy” rating in a research note on Friday, November 14th. Two analysts have rated the stock with a Strong Buy rating, thirty-seven have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $631.03.

Microsoft Trading Down 0.8%

NASDAQ:MSFT opened at $474.82 on Tuesday. The stock’s 50 day moving average price is $502.98 and its 200 day moving average price is $502.77. The company has a market capitalization of $3.53 trillion, a PE ratio of 33.77, a P/E/G ratio of 1.79 and a beta of 1.07. Microsoft Corporation has a 52-week low of $344.79 and a 52-week high of $555.45. The company has a quick ratio of 1.39, a current ratio of 1.40 and a debt-to-equity ratio of 0.10.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings data on Wednesday, October 29th. The software giant reported $4.13 earnings per share for the quarter, topping analysts’ consensus estimates of $3.65 by $0.48. The company had revenue of $77.67 billion during the quarter, compared to analysts’ expectations of $75.49 billion. Microsoft had a return on equity of 32.45% and a net margin of 35.71%.The firm’s revenue for the quarter was up 18.4% on a year-over-year basis. During the same period last year, the firm earned $3.30 EPS. On average, research analysts anticipate that Microsoft Corporation will post 13.08 EPS for the current year.

Microsoft Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 12th. Stockholders of record on Thursday, February 19th will be given a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Thursday, February 19th. Microsoft’s payout ratio is currently 25.89%.

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.