Glaxis Capital Management LLC Has $1.12 Million Holdings in Microsoft Co. (NASDAQ:MSFT)

Glaxis Capital Management LLC cut its stake in Microsoft Co. (NASDAQ:MSFT) by 60.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,600 shares of the software giant’s stock after selling 4,000 shares during the period. Microsoft comprises about 4.3% of Glaxis Capital Management LLC’s investment portfolio, making the stock its 6th largest position. Glaxis Capital Management LLC’s holdings in Microsoft were worth $1,119,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently bought and sold shares of MSFT. First National Bank Sioux Falls boosted its stake in shares of Microsoft by 0.4% in 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 last quarter. BCK Partners Inc. raised its stake 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 purchasing an additional 24 shares during the period. Massachusetts Wealth Management grew its position in Microsoft by 0.3% in 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 grew its holdings in shares of Microsoft by 0.8% during the 2nd quarter. Deseret Mutual Benefit Administrators now owns 3,255 shares of the software giant’s stock worth $1,455,000 after purchasing an additional 25 shares during the period. Finally, Conscious Wealth Investments LLC raised its stake in shares of Microsoft by 0.4% in the 2nd quarter. Conscious Wealth Investments LLC now owns 6,986 shares of the software giant’s stock valued at $3,108,000 after acquiring an additional 25 shares during the period. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Microsoft Stock Performance

Shares of MSFT opened at $434.56 on Tuesday. The stock has a fifty day moving average price of $431.05 and a 200-day moving average price of $425.30. The firm has a market cap of $3.23 trillion, a PE ratio of 35.85, a P/E/G ratio of 2.40 and a beta of 0.90. The company has a current ratio of 1.30, a quick ratio of 1.29 and a debt-to-equity ratio of 0.15. Microsoft Co. has a 12 month low of $385.58 and a 12 month high of $468.35.

Microsoft (NASDAQ:MSFT) last posted its earnings results on Wednesday, October 30th. The software giant reported $3.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.10 by $0.20. The company had revenue of $65.59 billion during the quarter, compared to the consensus estimate of $64.57 billion. Microsoft had a net margin of 35.61% and a return on equity of 34.56%. The firm’s quarterly revenue was up 16.0% on a year-over-year basis. During the same period in the previous year, the firm posted $2.99 earnings per share. Equities research analysts predict that Microsoft Co. will post 12.9 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 20th will be paid a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a yield of 0.76%. The ex-dividend date of this dividend is Thursday, February 20th. Microsoft’s payout ratio is 27.39%.

Insider Activity

In related news, EVP Christopher David Young sold 7,200 shares of the firm’s stock in a transaction 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 transaction, the executive vice president now directly owns 103,366 shares in the company, valued at $43,792,039.56. This trade represents a 6.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CMO Takeshi Numoto sold 2,500 shares of Microsoft stock in a transaction on Monday, December 9th. The stock was sold at an average price of $447.41, for a total value of $1,118,525.00. Following the completion of the transaction, the chief marketing officer now owns 49,352 shares in the company, valued at $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. Over the last three months, insiders sold 41,200 shares of company stock valued at $17,383,892. Insiders own 0.03% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on MSFT. Mizuho lifted their target price on Microsoft from $480.00 to $510.00 and gave the company an “outperform” rating in a report on Friday, December 13th. KeyCorp lifted their target price on shares of Microsoft from $490.00 to $505.00 and gave the company an “overweight” rating in a report on Friday, October 18th. TD Cowen reduced their price objective on Microsoft from $495.00 to $475.00 and set a “buy” rating for the company in a report on Thursday, October 31st. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $500.00 price objective on shares of Microsoft in a research report on Tuesday, November 5th. Finally, The Goldman Sachs Group reduced their price target on shares of Microsoft from $515.00 to $500.00 and set a “buy” rating on the stock in a research report on Thursday, October 10th. Three analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $512.66.

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.