Himension Capital Singapore PTE. LTD. Acquires 33,722 Shares of Microsoft Co. (NASDAQ:MSFT)

Himension Capital Singapore PTE. LTD. raised its position in Microsoft Co. (NASDAQ:MSFT - Free Report) by 21.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 194,680 shares of the software giant's stock after buying an additional 33,722 shares during the period. Microsoft comprises about 5.7% of Himension Capital Singapore PTE. LTD.'s portfolio, making the stock its 4th largest holding. Himension Capital Singapore PTE. LTD.'s holdings in Microsoft were worth $82,058,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Microsoft by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 684,071,705 shares of the software giant's stock worth $288,336,224,000 after purchasing an additional 10,431,988 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Microsoft by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 168,128,024 shares of the software giant's stock worth $70,720,874,000 after acquiring an additional 3,103,212 shares in the last quarter. Norges Bank acquired a new stake in Microsoft in the 4th quarter valued at about $44,343,058,000. Charles Schwab Investment Management Inc. increased its position in Microsoft by 3.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 49,052,704 shares of the software giant's stock worth $20,675,715,000 after buying an additional 1,823,579 shares in the last quarter. Finally, Franklin Resources Inc. boosted its stake in shares of Microsoft by 3.7% during the fourth quarter. Franklin Resources Inc. now owns 39,829,031 shares of the software giant's stock valued at $16,787,934,000 after acquiring an additional 1,408,374 shares during the last quarter. Hedge funds and other institutional investors own 71.13% of the company's stock.

Insider Transactions at Microsoft

In other news, EVP Amy Coleman sold 13,243 shares of the stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $452.01, for a total value of $5,985,968.43. Following the completion of the transaction, the executive vice president now directly owns 43,100 shares in the company, valued at $19,481,631. This trade represents a 23.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Takeshi Numoto sold 3,000 shares of the business's stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $463.00, for a total value of $1,389,000.00. Following the sale, the executive vice president now directly owns 43,930 shares in the company, valued at approximately $20,339,590. The trade was a 6.39% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 135,743 shares of company stock valued at $60,224,683. 0.03% of the stock is currently owned by corporate insiders.

Microsoft Stock Performance

MSFT traded up $6.25 on Thursday, hitting $478.87. 18,905,074 shares of the company's stock were exchanged, compared to its average volume of 21,507,291. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.13. The stock has a fifty day moving average of $423.22 and a two-hundred day moving average of $417.84. Microsoft Co. has a twelve month low of $344.79 and a twelve month high of $480.37. The firm has a market cap of $3.56 trillion, a PE ratio of 38.56, a P/E/G ratio of 2.21 and a beta of 1.03.

Microsoft (NASDAQ:MSFT - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The software giant reported $3.46 earnings per share for the quarter, topping analysts' consensus estimates of $3.22 by $0.24. Microsoft had a return on equity of 33.36% and a net margin of 35.43%. The business had revenue of $70.07 billion for the quarter, compared to analysts' expectations of $68.54 billion. During the same period in the prior year, the firm earned $2.94 EPS. The business's quarterly revenue was up 13.3% on a year-over-year basis. On average, research analysts anticipate that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Thursday, August 21st will be given 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 0.69%. Microsoft's dividend payout ratio (DPR) is presently 25.66%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on MSFT. Tigress Financial upped their price objective on shares of Microsoft from $550.00 to $595.00 and gave the company a "buy" rating in a research note on Thursday, March 20th. Barclays lifted their price target on shares of Microsoft from $430.00 to $494.00 and gave the company an "overweight" rating in a research report on Thursday, May 1st. BMO Capital Markets reissued an "outperform" rating on shares of Microsoft in a research note on Wednesday, May 21st. Mizuho upped their price target on shares of Microsoft from $475.00 to $500.00 and gave the stock an "outperform" rating in a research report on Thursday, May 1st. Finally, Westpark Capital reissued a "hold" rating on shares of Microsoft in a research report on Thursday, May 1st. Four analysts have rated the stock with a hold rating and thirty have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $513.89.

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.