Privium Fund Management UK Ltd Has $1.53 Million Stock Position in Microsoft Co. (NASDAQ:MSFT)

Privium Fund Management UK Ltd lowered its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 68.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,314 shares of the software giant’s stock after selling 7,253 shares during the period. Privium Fund Management UK Ltd’s holdings in Microsoft were worth $1,527,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Naviter Wealth LLC raised its holdings in shares of Microsoft by 8.2% during the second quarter. Naviter Wealth LLC now owns 44,584 shares of the software giant’s stock valued at $19,927,000 after purchasing an additional 3,378 shares during the period. Midland Wealth Advisors LLC increased its position in shares of Microsoft by 3.6% during the second quarter. Midland Wealth Advisors LLC now owns 36,125 shares of the software giant’s stock worth $16,146,000 after acquiring an additional 1,252 shares in the last quarter. Magnus Financial Group LLC increased its position in shares of Microsoft by 0.3% during the second quarter. Magnus Financial Group LLC now owns 29,218 shares of the software giant’s stock worth $13,059,000 after acquiring an additional 91 shares in the last quarter. LMG Wealth Partners LLC increased its position in shares of Microsoft by 0.5% during the second quarter. LMG Wealth Partners LLC now owns 33,432 shares of the software giant’s stock worth $14,943,000 after acquiring an additional 160 shares in the last quarter. Finally, LifeGuide Financial Advisors LLC increased its position in shares of Microsoft by 20.3% during the second quarter. LifeGuide Financial Advisors LLC now owns 1,042 shares of the software giant’s stock worth $466,000 after acquiring an additional 176 shares in the last quarter. Institutional investors and hedge funds own 71.13% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Amy Hood sold 38,000 shares of the firm’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $410.55, for a total value of $15,600,900.00. Following the completion of the sale, the chief financial officer now directly owns 496,369 shares of the company’s stock, valued at approximately $203,784,292.95. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CFO Amy Hood sold 38,000 shares of the firm’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $410.55, for a total value of $15,600,900.00. Following the completion of the sale, the chief financial officer now directly owns 496,369 shares of the company’s stock, valued at approximately $203,784,292.95. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CMO Takeshi Numoto sold 2,500 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $411.04, for a total transaction of $1,027,600.00. Following the completion of the sale, the chief marketing officer now directly owns 50,000 shares of the company’s stock, valued at approximately $20,552,000. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 190,629 shares of company stock valued at $77,916,485 in the last quarter. Insiders own 0.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on MSFT shares. Bank of America boosted their target price on shares of Microsoft from $480.00 to $510.00 and gave the stock a “buy” rating in a research report on Wednesday, July 17th. Piper Sandler reissued an “overweight” rating and set a $485.00 target price on shares of Microsoft in a research report on Wednesday, July 31st. The Goldman Sachs Group decreased their target price on shares of Microsoft from $515.00 to $500.00 and set a “buy” rating for the company in a research report on Thursday, October 10th. Citigroup reduced their price objective on shares of Microsoft from $520.00 to $500.00 and set a “buy” rating for the company in a research report on Wednesday, July 31st. Finally, Truist Financial reaffirmed a “buy” rating and issued a $600.00 price objective on shares of Microsoft in a research report on Tuesday, October 8th. Three investment analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $493.47.

Microsoft Price Performance

MSFT stock opened at $416.12 on Thursday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.27 and a current ratio of 1.27. Microsoft Co. has a 52 week low of $324.39 and a 52 week high of $468.35. The firm’s fifty day moving average is $419.14 and its 200 day moving average is $424.59. The firm has a market cap of $3.09 trillion, a P/E ratio of 36.03, a P/E/G ratio of 2.22 and a beta of 0.90.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings results on Tuesday, July 30th. The software giant reported $2.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.90 by $0.05. The business had revenue of $64.73 billion for the quarter, compared to analyst estimates of $64.38 billion. Microsoft had a net margin of 35.96% and a return on equity of 35.95%. The company’s revenue was up 15.2% on a year-over-year basis. During the same quarter last year, the firm earned $2.69 EPS. Research analysts predict that Microsoft Co. will post 13.02 earnings per share for the current year.

Microsoft declared that its Board of Directors has initiated a share repurchase plan on Monday, September 16th that allows the company to buyback $60.00 billion in shares. This buyback authorization allows the software giant to repurchase up to 1.9% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Microsoft Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st will be issued a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date of this dividend is Thursday, November 21st. This is a positive change from Microsoft’s previous quarterly dividend of $0.75. Microsoft’s dividend payout ratio (DPR) is 28.74%.

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.