BSN CAPITAL PARTNERS Ltd Invests $47.48 Million in Microsoft Co. (NASDAQ:MSFT)

BSN CAPITAL PARTNERS Ltd acquired a new stake in shares of Microsoft Co. (NASDAQ:MSFT) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 105,000 shares of the software giant’s stock, valued at approximately $47,477,000. Microsoft accounts for approximately 3.1% of BSN CAPITAL PARTNERS Ltd’s holdings, making the stock its 6th largest position.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in MSFT. Rebalance LLC boosted its position in shares of Microsoft by 0.7% during the second quarter. Rebalance LLC now owns 3,451 shares of the software giant’s stock valued at $1,542,000 after purchasing an additional 24 shares in the last quarter. First National Bank Sioux Falls lifted its position in Microsoft by 0.4% during the second quarter. First National Bank Sioux Falls now owns 6,340 shares of the software giant’s stock valued at $2,834,000 after buying an additional 24 shares during the period. Arkansas Financial Group Inc. boosted its holdings in shares of Microsoft by 1.5% during the 4th quarter. Arkansas Financial Group Inc. now owns 1,719 shares of the software giant’s stock valued at $646,000 after buying an additional 25 shares in the last quarter. Partnership Wealth Management LLC increased its stake in shares of Microsoft by 0.4% in the 1st quarter. Partnership Wealth Management LLC now owns 6,202 shares of the software giant’s stock worth $2,609,000 after acquiring an additional 25 shares in the last quarter. Finally, Doheny Asset Management CA increased its stake in shares of Microsoft by 0.4% in the 1st quarter. Doheny Asset Management CA now owns 6,397 shares of the software giant’s stock worth $2,691,000 after acquiring an additional 25 shares in the last quarter. 71.13% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Microsoft news, insider Bradford L. Smith sold 40,000 shares of the business’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $402.59, for a total transaction of $16,103,600.00. Following the completion of the sale, the insider now owns 544,847 shares of the company’s stock, valued at approximately $219,349,953.73. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Microsoft news, CEO Satya Nadella sold 14,398 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $417.41, for a total transaction of $6,009,869.18. Following the sale, the chief executive officer now owns 786,933 shares in the company, valued at approximately $328,473,703.53. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Bradford L. Smith sold 40,000 shares of the company’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $402.59, for a total transaction of $16,103,600.00. Following the completion of the transaction, the insider now owns 544,847 shares of the company’s stock, valued at approximately $219,349,953.73. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 190,629 shares of company stock valued at $77,916,485. 0.03% of the stock is owned by company insiders.

Microsoft Trading Down 0.1 %

Shares of NASDAQ:MSFT opened at $416.06 on Friday. The stock’s 50-day simple moving average is $418.32 and its two-hundred day simple moving average is $425.03. The stock has a market capitalization of $3.09 trillion, a price-to-earnings ratio of 36.02, a PEG ratio of 2.30 and a beta of 0.90. Microsoft Co. has a 52-week low of $314.90 and a 52-week high of $468.35. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.27 and a current ratio of 1.27.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings data on Tuesday, July 30th. The software giant reported $2.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.90 by $0.05. Microsoft had a net margin of 35.96% and a return on equity of 35.95%. The company had revenue of $64.73 billion for the quarter, compared to the consensus estimate of $64.38 billion. During the same quarter last year, the firm posted $2.69 earnings per share. The firm’s revenue was up 15.2% compared to the same quarter last year. Analysts expect that Microsoft Co. will post 13.04 EPS for the current year.

Microsoft declared that its Board of Directors has authorized a stock repurchase program on Monday, September 16th that permits the company to repurchase $60.00 billion in shares. This repurchase authorization permits the software giant to buy up to 1.9% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its stock is undervalued.

Microsoft Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st will be paid a $0.83 dividend. This represents a $3.32 annualized dividend and a dividend yield of 0.80%. This is a positive change from Microsoft’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend is Thursday, November 21st. Microsoft’s dividend payout ratio is 28.74%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on MSFT. New Street Research assumed coverage on shares of Microsoft in a report on Monday, June 10th. They issued a “buy” rating and a $570.00 price objective on the stock. Citigroup cut their price target on Microsoft from $520.00 to $500.00 and set a “buy” rating on the stock in a research note on Wednesday, July 31st. Wells Fargo & Company lifted their price objective on Microsoft from $500.00 to $515.00 and gave the company an “overweight” rating in a research note on Wednesday, July 31st. BMO Capital Markets increased their target price on Microsoft from $465.00 to $500.00 and gave the stock an “outperform” rating in a research note on Friday, July 12th. Finally, TD Cowen lifted their price target on Microsoft from $470.00 to $495.00 and gave the stock a “buy” rating in a research report on Thursday, July 18th. Two investment analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $493.94.

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.