SRN Advisors LLC Has $2.38 Million Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

SRN Advisors LLC decreased its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 3.7% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,529 shares of the software giant’s stock after selling 212 shares during the period. Microsoft comprises about 2.1% of SRN Advisors LLC’s investment portfolio, making the stock its 4th biggest holding. SRN Advisors LLC’s holdings in Microsoft were worth $2,379,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MSFT. Christopher J. Hasenberg Inc raised its holdings in shares of Microsoft by 169.2% during the second quarter. Christopher J. Hasenberg Inc now owns 70 shares of the software giant’s stock worth $31,000 after purchasing an additional 44 shares during the period. Quarry LP acquired a new stake in Microsoft during the second quarter worth about $45,000. Innealta Capital LLC bought a new position in Microsoft in the second quarter worth about $75,000. Carolina Wealth Advisors LLC boosted its stake in Microsoft by 10.1% in the third quarter. Carolina Wealth Advisors LLC now owns 338 shares of the software giant’s stock valued at $145,000 after acquiring an additional 31 shares during the period. Finally, Bbjs Financial Advisors LLC grew its holdings in shares of Microsoft by 241.4% during the second quarter. Bbjs Financial Advisors LLC now owns 379 shares of the software giant’s stock valued at $169,000 after purchasing an additional 268 shares during the last quarter. 71.13% of the stock is owned by institutional investors.

Insider Activity at Microsoft

In related news, CMO Takeshi Numoto sold 1,000 shares of the firm’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $414.72, for a total transaction of $414,720.00. Following the completion of the sale, the chief marketing officer now owns 57,511 shares in the company, valued at approximately $23,850,961.92. This trade represents a 1.71 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Christopher David Young sold 7,200 shares of the stock in a transaction dated 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 owns 103,366 shares of the company’s stock, valued at $43,792,039.56. This represents a 6.51 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 41,200 shares of company stock valued at $17,383,892. 0.03% of the stock is owned by company insiders.

Microsoft Price Performance

Microsoft stock opened at $439.33 on Wednesday. The stock has a 50-day moving average price of $427.34 and a two-hundred day moving average price of $428.58. Microsoft Co. has a 12 month low of $366.50 and a 12 month high of $468.35. The company has a market capitalization of $3.27 trillion, a PE ratio of 36.25, a P/E/G ratio of 2.37 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 (NASDAQ:MSFT) last issued its quarterly earnings results on Wednesday, October 30th. The software giant reported $3.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.10 by $0.20. Microsoft had a net margin of 35.61% and a return on equity of 34.56%. The firm had revenue of $65.59 billion for the quarter, compared to the consensus estimate of $64.57 billion. During the same quarter in the previous year, the company earned $2.99 EPS. The company’s revenue for the quarter was up 16.0% on a year-over-year basis. Analysts expect that Microsoft Co. will post 12.93 EPS for the current year.

Microsoft announced that its Board of Directors has authorized a share buyback program on Monday, September 16th that allows the company to repurchase $60.00 billion in outstanding shares. This repurchase authorization allows the software giant to repurchase up to 1.9% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s board believes its shares are undervalued.

Microsoft Announces Dividend

The company 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 $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date is Thursday, February 20th. Microsoft’s dividend payout ratio is currently 27.39%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Citigroup reduced their price objective on Microsoft from $500.00 to $497.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd. TD Cowen reduced their price target on shares of Microsoft from $495.00 to $475.00 and set a “buy” rating for the company in a report on Thursday, October 31st. Morgan Stanley increased their price objective on shares of Microsoft from $506.00 to $548.00 and gave the stock an “overweight” rating in a report on Thursday, October 31st. The Goldman Sachs Group reduced their target price on shares of Microsoft from $515.00 to $500.00 and set a “buy” rating for the company in a research note on Thursday, October 10th. Finally, Wedbush reiterated an “outperform” rating and set a $550.00 price objective on shares of Microsoft in a research report on Tuesday, November 19th. Three research analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $509.90.

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.