Terra Nova Asset Management LLC Has $4.52 Million Stock Position in Microsoft Corporation (NASDAQ:MSFT)

Key Points

• Terra Nova Asset Management LLC has reduced its stake in Microsoft Corporation by 12.3%, now holding 12,032 shares valued at approximately $4.52 million, which is the largest position in its portfolio.
• Microsoft's latest earnings report revealed an earnings per share (EPS) of $3.65, surpassing expectations, with revenue of $76.44 billion, a year-over-year increase of 18.1%.
• The company announced a quarterly dividend of $0.83 per share, with a dividend yield of 0.6%, signifying a payout ratio of 24.34%.

Terra Nova Asset Management LLC decreased its stake in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) by 12.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,032 shares of the software giant's stock after selling 1,680 shares during the quarter. Microsoft makes up 3.6% of Terra Nova Asset Management LLC's portfolio, making the stock its largest position. Terra Nova Asset Management LLC's holdings in Microsoft were worth $4,517,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Newton One Investments LLC increased its position in Microsoft by 66.7% during the 1st quarter. Newton One Investments LLC now owns 75 shares of the software giant's stock valued at $28,000 after purchasing an additional 30 shares during the period. Ball & Co Wealth Management Inc. purchased a new position in Microsoft during the 4th quarter valued at about $31,000. LSV Asset Management purchased a new position in Microsoft during the 4th quarter valued at about $44,000. IFS Advisors LLC increased its position in Microsoft by 50.0% during the 1st quarter. IFS Advisors LLC now owns 150 shares of the software giant's stock valued at $57,000 after purchasing an additional 50 shares during the period. Finally, Fairway Wealth LLC purchased a new position in Microsoft during the 4th quarter valued at about $62,000. Institutional investors own 71.13% of the company's stock.

Microsoft Stock Performance

MSFT opened at $527.75 on Wednesday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.35 and a quick ratio of 1.35. The firm has a fifty day moving average price of $492.99 and a 200 day moving average price of $436.40. Microsoft Corporation has a 1 year low of $344.79 and a 1 year high of $555.45. The stock has a market cap of $3.92 trillion, a P/E ratio of 38.69, a P/E/G ratio of 2.34 and a beta of 1.06.

Microsoft (NASDAQ:MSFT - Get Free Report) last posted its earnings results on Wednesday, July 30th. The software giant reported $3.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.35 by $0.30. The firm had revenue of $76.44 billion during the quarter, compared to analysts' expectations of $73.79 billion. Microsoft had a net margin of 36.15% and a return on equity of 32.44%. The business's revenue was up 18.1% compared to the same quarter last year. During the same period in the previous year, the business posted $2.95 EPS. Equities research analysts anticipate that Microsoft Corporation will post 13.08 earnings per share for the current year.

Microsoft Announces Dividend

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 given a dividend of $0.83 per share. The ex-dividend date is Thursday, August 21st. This represents a $3.32 dividend on an annualized basis and a yield of 0.6%. Microsoft's dividend payout ratio is currently 24.34%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on MSFT shares. TD Cowen lifted their price objective on shares of Microsoft from $580.00 to $640.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Mizuho lifted their price objective on shares of Microsoft from $540.00 to $625.00 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. Loop Capital lifted their price objective on shares of Microsoft from $550.00 to $600.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. Guggenheim reaffirmed a "neutral" rating on shares of Microsoft in a research report on Thursday, May 1st. Finally, Cantor Fitzgerald lifted their price objective on shares of Microsoft from $581.00 to $639.00 and gave the stock an "overweight" rating in a research report on Thursday, July 31st. Two investment analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $609.86.

Insider Activity at Microsoft

In other Microsoft news, EVP Judson Althoff sold 16,000 shares of the company's stock in a transaction on Monday, May 19th. The shares were sold at an average price of $458.18, for a total transaction of $7,330,880.00. Following the completion of the transaction, the executive vice president directly owned 98,010 shares in the company, valued at approximately $44,906,221.80. This represents a 14.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Takeshi Numoto sold 3,000 shares of the company's 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 transaction, the executive vice president owned 43,930 shares of the company's stock, valued at $20,339,590. This represents a 6.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 54,743 shares of company stock valued at $24,921,913. Insiders own 0.03% of the company's stock.

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.

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