Miura Global Management LLC Has $12.91 Million Stock Position in Microsoft Co. (NASDAQ:MSFT)

Miura Global Management LLC lowered its holdings in Microsoft Co. (NASDAQ:MSFT) by 14.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 30,000 shares of the software giant’s stock after selling 5,000 shares during the period. Microsoft makes up about 14.8% of Miura Global Management LLC’s holdings, making the stock its biggest position. Miura Global Management LLC’s holdings in Microsoft were worth $12,909,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Morse Asset Management Inc boosted its stake in Microsoft by 42.5% in the 3rd quarter. Morse Asset Management Inc now owns 67,459 shares of the software giant’s stock worth $29,028,000 after purchasing an additional 20,116 shares during the period. Motley Fool Asset Management LLC lifted its holdings in shares of Microsoft by 22.6% in the third quarter. Motley Fool Asset Management LLC now owns 227,715 shares of the software giant’s stock worth $95,797,000 after buying an additional 42,045 shares in the last quarter. IHT Wealth Management LLC grew its stake in Microsoft by 28.2% during the third quarter. IHT Wealth Management LLC now owns 138,242 shares of the software giant’s stock valued at $59,245,000 after acquiring an additional 30,380 shares in the last quarter. Intrepid Capital Management Inc. increased its holdings in Microsoft by 3.5% during the 3rd quarter. Intrepid Capital Management Inc. now owns 4,218 shares of the software giant’s stock worth $1,815,000 after acquiring an additional 142 shares during the period. Finally, Independent Family Office LLC lifted its stake in Microsoft by 62.1% in the 3rd quarter. Independent Family Office LLC now owns 4,360 shares of the software giant’s stock worth $1,870,000 after purchasing an additional 1,670 shares in the last quarter. 71.13% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Microsoft news, EVP Christopher David Young sold 7,200 shares of the company’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 transaction, the executive vice president now directly owns 103,366 shares in the company, valued at approximately $43,792,039.56. This represents a 6.51 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CMO Takeshi Numoto sold 2,500 shares of the firm’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $447.41, for a total transaction of $1,118,525.00. Following the completion of the sale, the chief marketing officer now directly owns 49,352 shares of the company’s stock, valued at approximately $22,080,578.32. This represents a 4.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 41,200 shares of company stock valued at $17,383,892 over the last quarter. 0.03% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on MSFT. Stifel Nicolaus boosted their price target on shares of Microsoft from $475.00 to $515.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. DA Davidson restated a “neutral” rating and issued a $425.00 target price on shares of Microsoft in a research note on Thursday, January 30th. Truist Financial reaffirmed a “buy” rating and issued a $600.00 price target on shares of Microsoft in a report on Monday, October 28th. Cantor Fitzgerald reissued an “overweight” rating and set a $509.00 price objective on shares of Microsoft in a report on Wednesday, January 29th. Finally, StockNews.com upgraded shares of Microsoft from a “hold” rating to a “buy” rating in a research report on Wednesday, January 22nd. Three equities research analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $510.96.

Microsoft Trading Up 0.6 %

Shares of MSFT opened at $415.82 on Friday. The stock has a market capitalization of $3.09 trillion, a P/E ratio of 33.48, a PEG ratio of 2.21 and a beta of 0.90. Microsoft Co. has a twelve month low of $385.58 and a twelve month high of $468.35. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. The firm has a fifty day simple moving average of $431.86 and a two-hundred day simple moving average of $423.85.

Microsoft (NASDAQ:MSFT) last posted its earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share for the quarter, topping analysts’ consensus estimates of $3.15 by $0.08. Microsoft had a net margin of 35.43% and a return on equity of 33.36%. During the same quarter last year, the company earned $2.93 earnings per share. On average, research analysts anticipate that Microsoft Co. will post 13.03 EPS for the current 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 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 dividend yield of 0.80%. Microsoft’s dividend payout ratio is presently 26.73%.

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.