Carnegie Lake Advisors LLC Has $12.24 Million Stock Holdings in Microsoft Corporation $MSFT

Key Points

• Carnegie Lake Advisors LLC reduced its stake in Microsoft by 1.5% in Q1 2023, owning 32,614 shares valued at approximately $12.24 million.
• Microsoft reported a Q2 earnings per share of $3.65, exceeding estimates of $3.35, with a revenue of $76.44 billion, up 18.1% year-over-year.
• Analysts have responded positively to Microsoft’s performance, with several firms raising their price targets, the highest being $650.00 from Piper Sandler.

Carnegie Lake Advisors LLC cut its position in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) by 1.5% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 32,614 shares of the software giant's stock after selling 510 shares during the period. Microsoft comprises 5.0% of Carnegie Lake Advisors LLC's portfolio, making the stock its 3rd biggest position. Carnegie Lake Advisors LLC's holdings in Microsoft were worth $12,243,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in MSFT. Fosun International Ltd increased its position in shares of Microsoft by 0.3% in the first quarter. Fosun International Ltd now owns 6,633 shares of the software giant's stock valued at $2,490,000 after buying an additional 23 shares in the last quarter. Alliance Wealth Management Group increased its position in shares of Microsoft by 0.4% in the fourth quarter. Alliance Wealth Management Group now owns 5,617 shares of the software giant's stock valued at $2,368,000 after buying an additional 25 shares in the last quarter. Guidance Point Advisors LLC increased its position in shares of Microsoft by 0.6% in the fourth quarter. Guidance Point Advisors LLC now owns 4,294 shares of the software giant's stock valued at $1,811,000 after buying an additional 25 shares in the last quarter. Life Planning Partners Inc increased its position in shares of Microsoft by 5.1% in the fourth quarter. Life Planning Partners Inc now owns 540 shares of the software giant's stock valued at $228,000 after buying an additional 26 shares in the last quarter. Finally, Core Wealth Advisors Inc. increased its position in shares of Microsoft by 1.5% in the fourth quarter. Core Wealth Advisors Inc. now owns 1,856 shares of the software giant's stock valued at $782,000 after buying an additional 27 shares in the last quarter. Institutional investors own 71.13% of the company's stock.

Insider Activity at Microsoft

In other news, EVP Takeshi Numoto sold 4,850 shares of the company's stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $527.32, for a total value of $2,557,502.00. Following the transaction, the executive vice president owned 39,111 shares of the company's stock, valued at $20,624,012.52. This represents a 11.03% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.03% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of analysts have recently commented on MSFT shares. Stifel Nicolaus boosted their price objective on Microsoft from $500.00 to $550.00 and gave the company a "buy" rating in a research report on Monday, July 28th. Royal Bank Of Canada boosted their price objective on Microsoft from $525.00 to $640.00 and gave the company an "outperform" rating in a research report on Thursday, July 31st. Piper Sandler lifted their price target on Microsoft from $600.00 to $650.00 and gave the stock an "overweight" rating in a research note on Thursday, July 31st. KeyCorp raised Microsoft from a "sector weight" rating to an "overweight" rating and set a $630.00 price target on the stock in a research note on Thursday, July 31st. Finally, Morgan Stanley lifted their price target on Microsoft from $530.00 to $582.00 and gave the stock an "overweight" rating in a research note on Thursday, July 31st. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $612.54.

Microsoft Stock Performance

NASDAQ MSFT opened at $506.69 on Monday. The stock's fifty day moving average is $508.77 and its two-hundred day moving average is $447.85. The firm has a market capitalization of $3.77 trillion, a P/E ratio of 37.15, a price-to-earnings-growth ratio of 2.21 and a beta of 1.04. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.35 and a current ratio of 1.35. Microsoft Corporation has a fifty-two week low of $344.79 and a fifty-two week high of $555.45.

Microsoft (NASDAQ:MSFT - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The software giant reported $3.65 earnings per share for the quarter, topping analysts' consensus estimates of $3.35 by $0.30. The company had revenue of $76.44 billion for the quarter, compared to analyst estimates of $73.79 billion. Microsoft had a return on equity of 32.44% and a net margin of 36.15%.The firm's revenue for the quarter was up 18.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.95 earnings per share. Microsoft has set its Q1 2026 guidance at EPS. On average, research analysts anticipate that Microsoft Corporation will post 13.08 earnings per share for the current year.

Microsoft Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Thursday, August 21st will be paid a dividend of $0.83 per share. The ex-dividend date of this dividend is Thursday, August 21st. This represents a $3.32 dividend on an annualized basis and a yield of 0.7%. Microsoft's payout ratio is 24.34%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.