Microsoft Co. (NASDAQ:MSFT) Shares Acquired by Triasima Portfolio Management inc.

Triasima Portfolio Management inc. increased its position in Microsoft Co. (NASDAQ:MSFT) by 19.1% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 17,208 shares of the software giant’s stock after acquiring an additional 2,759 shares during the period. Triasima Portfolio Management inc.’s holdings in Microsoft were worth $7,691,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Christopher J. Hasenberg Inc raised its stake in shares of Microsoft by 169.2% during the second quarter. Christopher J. Hasenberg Inc now owns 70 shares of the software giant’s stock valued at $31,000 after purchasing an additional 44 shares in the last quarter. Richardson Capital Management LLC raised its stake in shares of Microsoft by 1,290.0% in the 1st quarter. Richardson Capital Management LLC now owns 139 shares of the software giant’s stock worth $59,000 after buying an additional 129 shares in the last quarter. Innealta Capital LLC acquired a new position in Microsoft during the second quarter worth about $75,000. Bellevue Group AG boosted its position in shares of Microsoft by 47.5% during the 1st quarter. Bellevue Group AG now owns 180 shares of the software giant’s stock valued at $76,000 after purchasing an additional 58 shares in the last quarter. Finally, Horizon Financial Services LLC bought a new stake in shares of Microsoft in the 1st quarter worth approximately $80,000. 71.13% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CEO Satya Nadella sold 14,398 shares of the stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $417.41, for a total value of $6,009,869.18. Following the completion of the transaction, the chief executive officer now owns 786,933 shares of the company’s stock, valued at $328,473,703.53. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, CMO Takeshi Numoto sold 2,500 shares of the company’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $411.04, for a total value of $1,027,600.00. Following the sale, the chief marketing officer now owns 50,000 shares of the company’s stock, valued at approximately $20,552,000. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Satya Nadella sold 14,398 shares of Microsoft 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 completion of the transaction, the chief executive officer now owns 786,933 shares of the company’s stock, valued at $328,473,703.53. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 190,629 shares of company stock worth $77,916,485. Corporate insiders own 0.03% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on MSFT. Royal Bank of Canada reissued an “outperform” rating and set a $500.00 price objective on shares of Microsoft in a research note on Wednesday, July 31st. Oppenheimer lowered shares of Microsoft from an “outperform” rating to a “market perform” rating in a report on Tuesday, October 8th. KeyCorp raised their target price on Microsoft from $490.00 to $505.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. UBS Group reduced their price objective on Microsoft from $520.00 to $510.00 and set a “buy” rating for the company in a research note on Wednesday, July 31st. Finally, The Goldman Sachs Group dropped their target price on Microsoft from $515.00 to $500.00 and set a “buy” rating on the stock in a report on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $495.58.

Microsoft Trading Down 0.7 %

Shares of Microsoft stock opened at $424.60 on Thursday. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.16. Microsoft Co. has a 1 year low of $326.94 and a 1 year high of $468.35. The company’s fifty day simple moving average is $420.33 and its 200-day simple moving average is $424.56. The company has a market cap of $3.16 trillion, a price-to-earnings ratio of 36.76, a PEG ratio of 2.22 and a beta of 0.90.

Microsoft (NASDAQ:MSFT) last released its earnings results on Tuesday, July 30th. The software giant reported $2.95 earnings per share for the quarter, beating the consensus estimate of $2.90 by $0.05. The business had revenue of $64.73 billion during the quarter, compared to analysts’ expectations of $64.38 billion. Microsoft had a net margin of 35.96% and a return on equity of 35.95%. The firm’s revenue was up 15.2% on a year-over-year basis. During the same quarter last year, the company earned $2.69 earnings per share. As a group, sell-side analysts expect that Microsoft Co. will post 13.02 EPS for the current year.

Microsoft declared that its Board of Directors has authorized a share buyback program on Monday, September 16th that authorizes the company to repurchase $60.00 billion in shares. This repurchase authorization authorizes the software giant to repurchase up to 1.9% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

Microsoft Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st will be issued a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.78%. This is an increase from Microsoft’s previous quarterly dividend of $0.75. The ex-dividend date is Thursday, November 21st. Microsoft’s dividend payout ratio (DPR) is presently 28.74%.

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.