Napean Trading & Investment Co Singapore PTE Ltd cut its position in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) by 42.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 25,857 shares of the software giant's stock after selling 19,149 shares during the quarter. Microsoft makes up about 2.7% of Napean Trading & Investment Co Singapore PTE Ltd's investment portfolio, making the stock its 14th largest position. Napean Trading & Investment Co Singapore PTE Ltd's holdings in Microsoft were worth $10,899,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. Grantvest Financial Group LLC purchased a new position in shares of Microsoft in the fourth quarter worth $551,000. Lynx Investment Advisory boosted its holdings in shares of Microsoft by 0.6% during the 4th quarter. Lynx Investment Advisory now owns 9,166 shares of the software giant's stock valued at $3,863,000 after buying an additional 58 shares in the last quarter. Hirtle Callaghan & Co LLC grew its position in shares of Microsoft by 2.5% in the 4th quarter. Hirtle Callaghan & Co LLC now owns 35,442 shares of the software giant's stock worth $14,939,000 after buying an additional 864 shares during the period. ICW Investment Advisors LLC lifted its position in Microsoft by 0.4% during the 4th quarter. ICW Investment Advisors LLC now owns 15,479 shares of the software giant's stock valued at $6,524,000 after acquiring an additional 67 shares during the period. Finally, TAGStone Capital Inc. boosted its stake in Microsoft by 5.4% during the fourth quarter. TAGStone Capital Inc. now owns 1,374 shares of the software giant's stock worth $579,000 after acquiring an additional 71 shares in the last quarter. 71.13% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
MSFT has been the topic of several recent research reports. JPMorgan Chase & Co. upped their price target on Microsoft from $465.00 to $475.00 and gave the stock an "overweight" rating in a research note on Thursday, May 1st. Jefferies Financial Group increased their price target on shares of Microsoft from $475.00 to $550.00 and gave the stock a "buy" rating in a research report on Thursday, May 1st. Wedbush reiterated an "outperform" rating on shares of Microsoft in a research note on Wednesday, May 21st. KeyCorp reissued a "sector weight" rating on shares of Microsoft in a report on Thursday, April 17th. Finally, Wells Fargo & Company increased their target price on Microsoft from $500.00 to $515.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st. Four investment analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $513.13.
View Our Latest Report on MSFT
Insider Activity
In related news, EVP Takeshi Numoto sold 1,000 shares of Microsoft stock in a transaction on Friday, May 30th. The stock was sold at an average price of $460.01, for a total transaction of $460,010.00. Following the completion of the transaction, the executive vice president now directly owns 47,058 shares of the company's stock, valued at approximately $21,647,150.58. The trade was a 2.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Kathleen T. Hogan sold 21,500 shares of the company's stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $453.77, for a total transaction of $9,756,055.00. Following the completion of the sale, the executive vice president now directly owns 134,888 shares in the company, valued at $61,208,127.76. This trade represents a 13.75% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 132,743 shares of company stock worth $58,835,683. Company insiders own 0.03% of the company's stock.
Microsoft Trading Up 0.3%
Shares of Microsoft stock traded up $1.50 on Wednesday, reaching $464.47. The company had a trading volume of 2,811,424 shares, compared to its average volume of 21,406,051. The firm has a market cap of $3.45 trillion, a PE ratio of 37.42, a PEG ratio of 2.21 and a beta of 1.03. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.34 and a current ratio of 1.35. The firm's 50 day moving average price is $411.89 and its two-hundred day moving average price is $415.62. Microsoft Co. has a 52-week low of $344.79 and a 52-week high of $468.35.
Microsoft (NASDAQ:MSFT - Get Free Report) last released its 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. The firm had revenue of $70.07 billion for the quarter, compared to analyst estimates of $68.54 billion. Microsoft had a net margin of 35.43% and a return on equity of 33.36%. The business's quarterly revenue was up 13.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.94 earnings per share. Sell-side analysts predict that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.
Microsoft Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Thursday, May 15th will be issued a $0.83 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.32 dividend on an annualized basis and a yield of 0.71%. Microsoft's dividend payout ratio (DPR) is presently 25.66%.
Microsoft Profile
(
Free Report)
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.
See Also
Before you consider Microsoft, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Microsoft wasn't on the list.
While Microsoft currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
