Gordian Capital Singapore Pte Ltd Has $22.31 Million Stock Position in Microsoft Co. (NASDAQ:MSFT)

Gordian Capital Singapore Pte Ltd grew its position in shares of Microsoft Co. (NASDAQ:MSFT) by 1.9% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 49,914 shares of the software giant’s stock after purchasing an additional 912 shares during the quarter. Microsoft accounts for 11.7% of Gordian Capital Singapore Pte Ltd’s portfolio, making the stock its largest position. Gordian Capital Singapore Pte Ltd’s holdings in Microsoft were worth $22,309,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in Microsoft by 1.6% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,975,200 shares of the software giant’s stock valued at $882,816,000 after buying an additional 31,401 shares in the last quarter. New Harbor Financial Group LLC lifted its holdings in shares of Microsoft by 55.9% during the 2nd quarter. New Harbor Financial Group LLC now owns 1,255 shares of the software giant’s stock valued at $561,000 after buying an additional 450 shares during the last quarter. Nippon Life Global Investors Americas Inc. boosted its holdings in Microsoft by 2.0% in the second quarter. Nippon Life Global Investors Americas Inc. now owns 430,730 shares of the software giant’s stock worth $192,515,000 after purchasing an additional 8,290 shares in the last quarter. Quest Investment Management LLC raised its stake in shares of Microsoft by 3.4% in the 2nd quarter. Quest Investment Management LLC now owns 156,258 shares of the software giant’s stock valued at $69,840,000 after acquiring an additional 5,176 shares in the last quarter. Finally, Meeder Asset Management Inc. lifted its stake in shares of Microsoft by 25.7% in the second quarter. Meeder Asset Management Inc. now owns 250,657 shares of the software giant’s stock worth $112,031,000 after buying an additional 51,273 shares during the last quarter. 71.13% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Microsoft

In other Microsoft news, CEO Satya Nadella sold 14,398 shares of Microsoft stock in a transaction dated 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 owns 786,933 shares in the company, valued at $328,473,703.53. The trade was a 1.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CMO Takeshi Numoto sold 2,500 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief marketing officer now directly owns 50,000 shares of the company’s stock, valued at approximately $20,552,000. The trade was a 4.76 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 197,829 shares of company stock worth $80,966,837 in the last ninety days. 0.03% of the stock is owned by company insiders.

Microsoft Stock Performance

Shares of MSFT stock opened at $415.00 on Friday. Microsoft Co. has a 12 month low of $362.90 and a 12 month high of $468.35. The firm has a market cap of $3.09 trillion, a PE ratio of 34.24, a P/E/G ratio of 2.25 and a beta of 0.91. The company has a quick ratio of 1.29, a current ratio of 1.30 and a debt-to-equity ratio of 0.15. The company’s fifty day simple moving average is $422.34 and its 200-day simple moving average is $425.53.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings results on Wednesday, October 30th. The software giant reported $3.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.10 by $0.20. The firm had revenue of $65.59 billion for the quarter, compared to analyst estimates of $64.57 billion. Microsoft had a net margin of 35.61% and a return on equity of 34.56%. The company’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.99 earnings per share. Equities research analysts expect that Microsoft Co. will post 12.94 EPS for the current fiscal year.

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

Microsoft Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st will be issued a $0.83 dividend. This is a boost from Microsoft’s previous quarterly dividend of $0.75. This represents a $3.32 annualized dividend and a yield of 0.80%. The ex-dividend date is Thursday, November 21st. Microsoft’s dividend payout ratio is currently 27.39%.

Wall Street Analyst Weigh In

MSFT has been the subject of a number of research analyst reports. BMO Capital Markets cut their price target on Microsoft from $500.00 to $495.00 and set an “outperform” rating for the company in a report on Thursday, October 31st. Sanford C. Bernstein reduced their price target on shares of Microsoft from $501.00 to $500.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. Piper Sandler reissued an “overweight” rating and set a $470.00 price objective on shares of Microsoft in a report on Thursday, October 31st. The Goldman Sachs Group lowered their target price on Microsoft from $515.00 to $500.00 and set a “buy” rating for the company in a research note on Thursday, October 10th. Finally, Morgan Stanley upped their price target on Microsoft from $506.00 to $548.00 and gave the company an “overweight” rating in a research note on Thursday, October 31st. One research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Microsoft currently has a consensus rating of “Moderate Buy” and an average price target of $503.03.

Microsoft Company 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.