Microsoft Co. (NASDAQ:MSFT) Position Boosted by Tenere Capital LLC

Tenere Capital LLC lifted its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 5.4% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 54,833 shares of the software giant’s stock after buying an additional 2,832 shares during the quarter. Microsoft accounts for approximately 6.3% of Tenere Capital LLC’s holdings, making the stock its 2nd largest holding. Tenere Capital LLC’s holdings in Microsoft were worth $23,595,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the business. BCK Partners Inc. raised its position in shares of 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 increased its position in Microsoft by 0.3% in the 2nd quarter. Massachusetts Wealth Management now owns 9,640 shares of the software giant’s stock worth $4,309,000 after purchasing an additional 25 shares during the last quarter. Deseret Mutual Benefit Administrators increased its position in Microsoft by 0.8% in 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 last quarter. Conscious Wealth Investments LLC increased its holdings in shares of Microsoft by 0.4% during 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 last quarter. Finally, Global Wealth Strategies & Associates increased its holdings in shares of Microsoft by 0.8% during the 3rd quarter. Global Wealth Strategies & Associates now owns 2,997 shares of the software giant’s stock valued at $1,290,000 after acquiring an additional 25 shares during the last quarter. Institutional investors and hedge funds own 71.13% of the company’s stock.

Microsoft Price Performance

Shares of NASDAQ MSFT opened at $409.75 on Monday. The business’s 50 day moving average price is $431.44 and its two-hundred day moving average price is $423.56. The company has a market cap of $3.05 trillion, a PE ratio of 32.99, a price-to-earnings-growth ratio of 2.21 and a beta of 0.90. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. Microsoft Co. has a twelve month low of $385.58 and a twelve month high of $468.35.

Microsoft (NASDAQ:MSFT) last posted its earnings results on Wednesday, January 29th. The software giant reported $3.23 EPS for the quarter, beating the consensus estimate of $3.15 by $0.08. Microsoft had a return on equity of 33.36% and a net margin of 35.43%. During the same period in the prior year, the business earned $2.93 EPS. On average, analysts predict that Microsoft Co. will post 13.07 EPS for the current year.

Microsoft Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 20th will be paid a $0.83 dividend. This represents a $3.32 annualized dividend and a dividend yield of 0.81%. The ex-dividend date is Thursday, February 20th. Microsoft’s dividend payout ratio (DPR) is currently 26.73%.

Insider Activity at Microsoft

In related news, EVP Judson Althoff sold 25,000 shares of the stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $417.00, for a total value of $10,425,000.00. Following the completion of the sale, the executive vice president now directly owns 117,294 shares in the company, valued at $48,911,598. This represents a 17.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Christopher David Young sold 7,200 shares of the 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 $43,792,039.56. The trade was a 6.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 41,200 shares of company stock worth $17,383,892. Company insiders own 0.03% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Piper Sandler restated an “overweight” rating and set a $520.00 target price on shares of Microsoft in a research note on Monday, January 27th. Morgan Stanley cut their target price on Microsoft from $540.00 to $530.00 and set an “overweight” rating for the company in a research report on Thursday, January 30th. DA Davidson reaffirmed a “neutral” rating and set a $425.00 price target on shares of Microsoft in a report on Thursday, January 30th. Royal Bank of Canada restated an “outperform” rating and issued a $500.00 price target on shares of Microsoft in a research report on Thursday, January 30th. Finally, Citigroup reduced their target price on Microsoft from $500.00 to $497.00 and set a “buy” rating on the stock in a report on Wednesday, October 23rd. Three analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Microsoft presently has an average rating of “Moderate Buy” and an average target price of $510.96.

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.