KP Management LLC reduced its holdings in shares of Microsoft Co. (NASDAQ:MSFT – Free Report) by 44.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,500 shares of the software giant’s stock after selling 13,000 shares during the period. Microsoft accounts for approximately 2.3% of KP Management LLC’s investment portfolio, making the stock its 10th biggest holding. KP Management LLC’s holdings in Microsoft were worth $7,100,000 at the end of the most recent quarter.
Several other hedge funds have also recently made changes to their positions in the business. WFA Asset Management Corp boosted its position in shares of Microsoft by 27.0% during the first quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant’s stock valued at $427,000 after buying an additional 216 shares during the last quarter. Boston Common Asset Management LLC lifted its position in shares of Microsoft by 9.1% during the 2nd quarter. Boston Common Asset Management LLC now owns 108,678 shares of the software giant’s stock worth $48,574,000 after buying an additional 9,050 shares in the last quarter. Bank & Trust Co purchased a new position in shares of Microsoft in the 2nd quarter worth about $7,789,000. Chickasaw Capital Management LLC grew its position in shares of Microsoft by 3.1% during the 2nd quarter. Chickasaw Capital Management LLC now owns 27,796 shares of the software giant’s stock valued at $12,423,000 after acquiring an additional 832 shares during the period. Finally, Cascade Investment Advisors Inc. grew its stake in shares of Microsoft by 0.4% during the 2nd quarter. Cascade Investment Advisors Inc. now owns 10,621 shares of the software giant’s stock worth $4,747,000 after acquiring an additional 45 shares during the period. 71.13% of the stock is owned by institutional investors.
Insider Transactions at Microsoft
In related news, EVP Christopher David Young sold 7,200 shares of the business’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $423.66, for a total value of $3,050,352.00. Following the completion of the sale, the executive vice president now owns 103,366 shares of the company’s stock, valued at approximately $43,792,039.56. The trade was a 6.51 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CMO Takeshi Numoto sold 2,500 shares of the stock in a transaction on Monday, December 9th. The shares were sold at an average price of $447.41, for a total transaction of $1,118,525.00. Following the transaction, the chief marketing officer now directly owns 49,352 shares in the company, valued at approximately $22,080,578.32. The trade was a 4.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 41,200 shares of company stock valued at $17,383,892 in the last ninety days. 0.03% of the stock is currently owned by corporate insiders.
Analysts Set New Price Targets
Get Our Latest Stock Analysis on Microsoft
Microsoft Trading Up 0.9 %
Shares of Microsoft stock opened at $439.33 on Thursday. The company has a current ratio of 1.30, a quick ratio of 1.29 and a debt-to-equity ratio of 0.15. The firm’s 50 day simple moving average is $427.76 and its two-hundred day simple moving average is $428.69. Microsoft Co. has a 12-month low of $366.50 and a 12-month high of $468.35. The firm has a market capitalization of $3.27 trillion, a price-to-earnings ratio of 36.25, a PEG ratio of 2.37 and a beta of 0.90.
Microsoft (NASDAQ:MSFT – Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The software giant reported $3.30 earnings per share for the quarter, beating analysts’ consensus estimates of $3.10 by $0.20. Microsoft had a return on equity of 34.56% and a net margin of 35.61%. The business had revenue of $65.59 billion for the quarter, compared to analyst estimates of $64.57 billion. During the same period in the prior year, the company earned $2.99 earnings per share. The company’s revenue was up 16.0% on a year-over-year basis. Analysts predict that Microsoft Co. will post 12.93 EPS for the current year.
Microsoft declared that its board has authorized a share repurchase program on Monday, September 16th that allows the company to buyback $60.00 billion in outstanding shares. This buyback authorization allows the software giant to repurchase up to 1.9% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s management believes its stock is undervalued.
Microsoft Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 20th will be given a $0.83 dividend. The ex-dividend date of this dividend is Thursday, February 20th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.76%. Microsoft’s dividend payout ratio (DPR) is currently 27.39%.
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.
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