MayTech Global Investments LLC Makes New Investment in Microsoft Co. (NASDAQ:MSFT)

MayTech Global Investments LLC purchased a new stake in Microsoft Co. (NASDAQ:MSFT) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 448 shares of the software giant’s stock, valued at approximately $200,000. Microsoft accounts for approximately 0.0% of MayTech Global Investments LLC’s holdings, making the stock its 29th largest holding.

A number of other large investors have also added to or reduced their stakes in MSFT. Swedbank AB bought a new position in Microsoft in the 1st quarter valued at about $5,587,119,000. Vanguard Group Inc. increased its stake in Microsoft by 0.5% in the first quarter. Vanguard Group Inc. now owns 667,987,038 shares of the software giant’s stock valued at $281,035,506,000 after acquiring an additional 3,078,099 shares during the last quarter. Canada Pension Plan Investment Board raised its position in Microsoft by 77.6% during the first quarter. Canada Pension Plan Investment Board now owns 6,281,925 shares of the software giant’s stock valued at $2,642,931,000 after purchasing an additional 2,744,900 shares in the last quarter. M&G Plc bought a new stake in Microsoft during the first quarter worth $846,072,000. Finally, Strategic Financial Concepts LLC boosted its holdings in shares of Microsoft by 31,648.5% in the 2nd quarter. Strategic Financial Concepts LLC now owns 1,871,892 shares of the software giant’s stock valued at $8,366,000 after purchasing an additional 1,865,996 shares in the last quarter. Institutional investors and hedge funds own 71.13% of the company’s stock.

Microsoft Stock Down 6.1 %

Shares of NASDAQ:MSFT opened at $406.35 on Friday. Microsoft Co. has a 1 year low of $334.69 and a 1 year high of $468.35. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.27 and a quick ratio of 1.27. The business’s 50-day moving average is $420.82 and its 200-day moving average is $424.58. The company has a market capitalization of $3.02 trillion, a price-to-earnings ratio of 34.41, a P/E/G ratio of 2.24 and a beta of 0.90.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings results on Wednesday, October 30th. The software giant reported $3.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.08 by $0.22. The firm had revenue of $65.59 billion for the quarter, compared to analyst estimates of $64.57 billion. Microsoft had a return on equity of 35.95% and a net margin of 35.96%. The company’s revenue was up 16.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.99 earnings per share. Equities research analysts predict that Microsoft Co. will post 13.02 earnings per share for the current year.

Microsoft Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Thursday, November 21st will be paid a dividend of $0.83 per share. The ex-dividend date is Thursday, November 21st. This is a positive change from Microsoft’s previous quarterly dividend of $0.75. This represents a $3.32 annualized dividend and a yield of 0.82%. Microsoft’s dividend payout ratio is currently 28.11%.

Microsoft declared that its Board of Directors has initiated a share repurchase plan on Monday, September 16th that allows the company to buyback $60.00 billion in shares. This buyback authorization allows the software giant to repurchase up to 1.9% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on MSFT. Royal Bank of Canada reissued an “outperform” rating and set a $500.00 price target on shares of Microsoft in a report on Wednesday, July 31st. Citigroup dropped their target price on shares of Microsoft from $500.00 to $497.00 and set a “buy” rating for the company in a report on Wednesday, October 23rd. Wells Fargo & Company reaffirmed a “buy” rating on shares of Microsoft in a report on Friday, October 18th. Oppenheimer downgraded shares of Microsoft from an “outperform” rating to a “market perform” rating in a research note on Tuesday, October 8th. Finally, Truist Financial restated a “buy” rating and issued a $600.00 target price on shares of Microsoft in a research report on Monday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-six have given a buy rating to the company. Based on data from MarketBeat.com, Microsoft currently has an average rating of “Moderate Buy” and a consensus target price of $503.03.

Insiders Place Their Bets

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

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.