Microsoft Co. (NASDAQ:MSFT) Position Decreased by Dorsal Capital Management LP

Dorsal Capital Management LP decreased its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 25.9% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 545,000 shares of the software giant’s stock after selling 190,000 shares during the period. Microsoft accounts for 8.4% of Dorsal Capital Management LP’s portfolio, making the stock its 3rd largest position. Dorsal Capital Management LP’s holdings in Microsoft were worth $243,588,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in shares of Microsoft by 1.6% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,975,200 shares of the software giant’s stock valued at $882,816,000 after buying an additional 31,401 shares during the period. New Harbor Financial Group LLC increased its position in shares of Microsoft by 55.9% in the 2nd quarter. New Harbor Financial Group LLC now owns 1,255 shares of the software giant’s stock worth $561,000 after purchasing an additional 450 shares during the last quarter. Nippon Life Global Investors Americas Inc. raised its stake in Microsoft by 2.0% during the second quarter. Nippon Life Global Investors Americas Inc. now owns 430,730 shares of the software giant’s stock valued at $192,515,000 after buying an additional 8,290 shares in the last quarter. Quest Investment Management LLC lifted its stake in Microsoft by 3.4% during the second quarter. Quest Investment Management LLC now owns 156,258 shares of the software giant’s stock worth $69,840,000 after purchasing an additional 5,176 shares during the last quarter. Finally, Meeder Asset Management Inc. boosted its holdings in shares of Microsoft by 25.7% in the 2nd quarter. Meeder Asset Management Inc. now owns 250,657 shares of the software giant’s stock valued at $112,031,000 after buying an additional 51,273 shares during the period. 71.13% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO Satya Nadella sold 14,398 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $417.41, for a total value of $6,009,869.18. Following the sale, the chief executive officer now directly owns 786,933 shares in the company, valued at approximately $328,473,703.53. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, EVP Kathleen T. Hogan sold 17,378 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $411.85, for a total transaction of $7,157,129.30. Following the completion of the sale, the executive vice president now owns 150,161 shares of the company’s stock, valued at approximately $61,843,807.85. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Satya Nadella sold 14,398 shares of the business’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $417.41, for a total value of $6,009,869.18. Following the completion of the transaction, the chief executive officer now directly owns 786,933 shares in the company, valued at approximately $328,473,703.53. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 190,629 shares of company stock worth $77,916,485 over the last quarter. Company insiders own 0.03% of the company’s stock.

Microsoft Trading Down 1.1 %

Shares of MSFT opened at $418.01 on Tuesday. The stock’s 50-day moving average price is $421.09 and its 200 day moving average price is $425.19. The company has a quick ratio of 1.29, a current ratio of 1.30 and a debt-to-equity ratio of 0.15. Microsoft Co. has a 12-month low of $362.90 and a 12-month high of $468.35. The firm has a market capitalization of $3.11 trillion, a price-to-earnings ratio of 34.49, a P/E/G ratio of 2.24 and a beta of 0.91.

Microsoft (NASDAQ:MSFT) last issued its earnings results on Wednesday, October 30th. The software giant reported $3.30 EPS for the quarter, topping the consensus estimate of $3.10 by $0.20. The firm had revenue of $65.59 billion during the quarter, compared to analysts’ expectations of $64.57 billion. Microsoft had a return on equity of 34.56% and a net margin of 35.61%. Microsoft’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same period last year, the business earned $2.99 earnings per share. As a group, research analysts predict that Microsoft Co. will post 12.94 earnings per share for the current year.

Microsoft declared that its board has authorized a stock repurchase program on Monday, September 16th that authorizes the company to repurchase $60.00 billion in shares. This repurchase authorization authorizes the software giant to buy up to 1.9% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Microsoft Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Thursday, November 21st will be paid a $0.83 dividend. The ex-dividend date is Thursday, November 21st. This represents a $3.32 dividend on an annualized basis and a yield of 0.79%. This is a boost from Microsoft’s previous quarterly dividend of $0.75. Microsoft’s payout ratio is presently 27.39%.

Wall Street Analyst Weigh In

MSFT has been the topic of several analyst reports. Oppenheimer lowered Microsoft from an “outperform” rating to a “market perform” rating in a research report on Tuesday, October 8th. JPMorgan Chase & Co. lowered their price target on Microsoft from $470.00 to $465.00 and set an “overweight” rating on the stock in a research report on Thursday, October 31st. Royal Bank of Canada reiterated an “outperform” rating and issued a $500.00 target price on shares of Microsoft in a report on Tuesday, November 5th. Truist Financial restated a “buy” rating and issued a $600.00 target price on shares of Microsoft in a report on Monday, October 28th. Finally, Wedbush restated an “underperform” rating on shares of Microsoft in a research note on Friday, October 18th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and twenty-six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $503.03.

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.