Rubicon Global Capital Ltd Grows Stock Holdings in Microsoft Corporation (NASDAQ:MSFT)

Rubicon Global Capital Ltd lifted its position in Microsoft Corporation (NASDAQ:MSFT - Free Report) by 33.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 20,000 shares of the software giant's stock after purchasing an additional 5,000 shares during the period. Microsoft comprises 2.6% of Rubicon Global Capital Ltd's portfolio, making the stock its 9th largest holding. Rubicon Global Capital Ltd's holdings in Microsoft were worth $7,508,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Norges Bank purchased a new position in shares of Microsoft in the 4th quarter worth $44,343,058,000. GAMMA Investing LLC lifted its holdings in shares of Microsoft by 40,290.4% in the 1st quarter. GAMMA Investing LLC now owns 46,695,303 shares of the software giant's stock worth $17,528,950,000 after acquiring an additional 46,579,693 shares during the last quarter. Proficio Capital Partners LLC lifted its holdings in shares of Microsoft by 34,643.3% in the 4th quarter. Proficio Capital Partners LLC now owns 16,837,278 shares of the software giant's stock worth $7,096,913,000 after acquiring an additional 16,788,816 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of Microsoft by 16.1% in the 4th quarter. Northern Trust Corp now owns 83,787,746 shares of the software giant's stock worth $35,316,535,000 after acquiring an additional 11,600,470 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of Microsoft by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 684,071,705 shares of the software giant's stock worth $288,336,224,000 after acquiring an additional 10,431,988 shares during the last quarter. 71.13% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Bradford L. Smith sold 6,000 shares of the firm's stock in a transaction on Monday, May 5th. The shares were sold at an average price of $433.17, for a total value of $2,599,020.00. Following the transaction, the insider owned 471,036 shares of the company's stock, valued at approximately $204,038,664.12. This trade represents a 1.26% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Takeshi Numoto sold 3,000 shares of Microsoft stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $463.00, for a total transaction of $1,389,000.00. Following the sale, the executive vice president directly owned 43,930 shares in the company, valued at $20,339,590. This trade represents a 6.39% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 135,743 shares of company stock valued at $60,224,683 in the last 90 days. Insiders own 0.03% of the company's stock.

Microsoft Stock Performance

NASDAQ MSFT opened at $503.32 on Friday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.37 and a quick ratio of 1.36. Microsoft Corporation has a 1 year low of $344.79 and a 1 year high of $506.78. The company has a market capitalization of $3.74 trillion, a PE ratio of 38.90, a P/E/G ratio of 2.28 and a beta of 1.04. The company has a fifty day moving average of $470.64 and a two-hundred day moving average of $425.76.

Microsoft (NASDAQ:MSFT - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The software giant reported $3.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.22 by $0.24. Microsoft had a net margin of 35.79% and a return on equity of 32.74%. The firm had revenue of $70.07 billion during the quarter, compared to analysts' expectations of $68.54 billion. During the same period in the prior year, the company posted $2.94 earnings per share. The firm's revenue for the quarter was up 13.3% on a year-over-year basis. As a group, analysts expect that Microsoft Corporation will post 13.08 earnings per share for the current year.

Microsoft Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Thursday, August 21st will be given a $0.83 dividend. The ex-dividend date is Thursday, August 21st. This represents a $3.32 annualized dividend and a dividend yield of 0.66%. Microsoft's dividend payout ratio is presently 25.66%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on MSFT shares. Westpark Capital reiterated a "hold" rating on shares of Microsoft in a report on Thursday, May 1st. UBS Group reaffirmed a "positive" rating on shares of Microsoft in a research report on Monday, June 30th. Tigress Financial increased their target price on shares of Microsoft from $550.00 to $595.00 and gave the company a "buy" rating in a research report on Thursday, March 20th. Bank of America decreased their price target on shares of Microsoft from $510.00 to $480.00 and set a "buy" rating for the company in a report on Tuesday, April 15th. Finally, Guggenheim reiterated a "neutral" rating on shares of Microsoft in a research note on Thursday, May 1st. Four analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $534.14.

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.

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