Cardano Risk Management B.V. Has $929.92 Million Stake in Microsoft Co. (NASDAQ:MSFT)

Cardano Risk Management B.V. increased its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 3.5% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,161,101 shares of the software giant’s stock after acquiring an additional 73,657 shares during the quarter. Microsoft comprises about 16.4% of Cardano Risk Management B.V.’s portfolio, making the stock its largest holding. Cardano Risk Management B.V.’s holdings in Microsoft were worth $929,922,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MSFT. First National Bank Sioux Falls raised 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 worth $2,834,000 after acquiring an additional 24 shares during the period. BCK Partners Inc. raised its position in Microsoft by 1.8% during the third quarter. BCK Partners Inc. now owns 1,353 shares of the software giant’s stock worth $582,000 after acquiring an additional 24 shares during the period. Massachusetts Wealth Management raised its position in Microsoft by 0.3% during the second quarter. Massachusetts Wealth Management now owns 9,640 shares of the software giant’s stock worth $4,309,000 after acquiring an additional 25 shares during the period. Deseret Mutual Benefit Administrators raised its position in Microsoft by 0.8% during the second quarter. Deseret Mutual Benefit Administrators now owns 3,255 shares of the software giant’s stock worth $1,455,000 after acquiring an additional 25 shares during the period. Finally, Conscious Wealth Investments LLC raised its position in Microsoft by 0.4% during the second quarter. Conscious Wealth Investments LLC now owns 6,986 shares of the software giant’s stock worth $3,108,000 after acquiring an additional 25 shares during the period. Institutional investors own 71.13% of the company’s stock.

Microsoft Stock Up 4.1 %

Shares of MSFT opened at $446.20 on Thursday. The stock has a market capitalization of $3.32 trillion, a PE ratio of 36.82, a P/E/G ratio of 2.28 and a beta of 0.90. Microsoft Co. has a 1 year low of $385.58 and a 1 year high of $468.35. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.29 and a current ratio of 1.30. The company’s 50-day simple moving average is $429.65 and its 200-day simple moving average is $425.70.

Microsoft (NASDAQ:MSFT) last issued its earnings results on Wednesday, October 30th. The software giant reported $3.30 earnings per share for the quarter, beating the consensus estimate of $3.10 by $0.20. The firm had revenue of $65.59 billion for the quarter, compared to analysts’ expectations of $64.57 billion. Microsoft had a net margin of 35.61% and a return on equity of 34.56%. The firm’s revenue was up 16.0% compared to the same quarter last year. During the same quarter last year, the company earned $2.99 earnings per share. Analysts forecast that Microsoft Co. will post 12.92 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 20th will be issued a dividend of $0.83 per share. The ex-dividend date of this dividend is Thursday, February 20th. This represents a $3.32 dividend on an annualized basis and a yield of 0.74%. Microsoft’s payout ratio is currently 27.39%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on MSFT. KeyCorp upped their price objective on shares of Microsoft from $490.00 to $505.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $500.00 target price on shares of Microsoft in a report on Tuesday, November 5th. JPMorgan Chase & Co. dropped their target price on shares of Microsoft from $470.00 to $465.00 and set an “overweight” rating for the company in a report on Thursday, October 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. Finally, Morgan Stanley dropped their target price on shares of Microsoft from $548.00 to $540.00 and set an “overweight” rating for the company in a report on Wednesday. Two analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $512.66.

Insiders Place Their Bets

In other Microsoft news, EVP Judson Althoff sold 25,000 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $417.00, for a total transaction of $10,425,000.00. Following the sale, the executive vice president now owns 117,294 shares of the company’s stock, valued at approximately $48,911,598. This trade represents a 17.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Christopher David Young sold 7,200 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $423.66, for a total transaction of $3,050,352.00. Following the sale, the executive vice president now directly owns 103,366 shares in the company, valued at approximately $43,792,039.56. The trade was a 6.51 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 41,200 shares of company stock valued at $17,383,892. 0.03% of the stock is owned by corporate insiders.

About Microsoft

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.