Microsoft Co. (NASDAQ:MSFT) Shares Sold by United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund trimmed its position in shares of Microsoft Co. (NASDAQ:MSFT) by 1.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 588,702 shares of the software giant’s stock after selling 10,225 shares during the quarter. Microsoft makes up approximately 10.1% of United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund’s investment portfolio, making the stock its largest position. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund’s holdings in Microsoft were worth $253,318,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. WFA Asset Management Corp boosted its holdings in shares of Microsoft by 27.0% during the 1st quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant’s stock worth $427,000 after purchasing an additional 216 shares during the last quarter. Ironwood Wealth Management LLC. boosted its stake in Microsoft by 0.3% during the second quarter. Ironwood Wealth Management LLC. now owns 12,658 shares of the software giant’s stock worth $5,658,000 after buying an additional 38 shares during the last quarter. Colonial River Wealth Management LLC grew its holdings in Microsoft by 1.8% in the 2nd quarter. Colonial River Wealth Management LLC now owns 22,227 shares of the software giant’s stock valued at $9,934,000 after buying an additional 392 shares in the last quarter. Metropolis Capital Ltd increased its stake in shares of Microsoft by 34.2% in the 2nd quarter. Metropolis Capital Ltd now owns 234,525 shares of the software giant’s stock worth $104,821,000 after acquiring an additional 59,709 shares during the last quarter. Finally, Eagle Bluffs Wealth Management LLC raised its holdings in shares of Microsoft by 0.4% during the 2nd quarter. Eagle Bluffs Wealth Management LLC now owns 9,042 shares of the software giant’s stock worth $4,041,000 after acquiring an additional 34 shares during the period. 71.13% of the stock is owned by institutional investors and hedge funds.

Microsoft Price Performance

Shares of MSFT opened at $429.03 on Friday. The firm has a market capitalization of $3.19 trillion, a price-to-earnings ratio of 35.40, a PEG ratio of 2.22 and a beta of 0.90. The firm’s fifty day simple moving average is $429.32 and its 200-day simple moving average is $426.58. Microsoft Co. has a twelve month low of $385.58 and a twelve month high of $468.35. 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 announced 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 return on equity of 34.56% and a net margin of 35.61%. The company had revenue of $65.59 billion during the quarter, compared to the consensus estimate of $64.57 billion. During the same period in the previous year, the business earned $2.99 EPS. Microsoft’s revenue for the quarter was up 16.0% on a year-over-year basis. Equities analysts forecast that Microsoft Co. will post 12.92 EPS for the current fiscal year.

Microsoft Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 20th will be issued a dividend of $0.83 per share. The ex-dividend date is Thursday, February 20th. This represents a $3.32 dividend on an annualized basis and a yield of 0.77%. Microsoft’s payout ratio is currently 27.39%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. BMO Capital Markets cut their price objective on shares of Microsoft from $500.00 to $495.00 and set an “outperform” rating for the company in a research report on Thursday, October 31st. Citigroup reduced their price target on shares of Microsoft from $500.00 to $497.00 and set a “buy” rating on the stock in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. lowered their price objective on Microsoft from $470.00 to $465.00 and set an “overweight” rating for the company in a research report on Thursday, October 31st. Wells Fargo & Company restated a “buy” rating on shares of Microsoft in a research report on Friday, October 18th. Finally, Truist Financial reiterated a “buy” rating and set a $600.00 price target on shares of Microsoft in a report on Monday, October 28th. Three equities research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Microsoft has an average rating of “Moderate Buy” and an average price target of $512.93.

Insider Transactions at Microsoft

In other news, EVP Christopher David Young sold 7,200 shares of the business’s stock in a transaction dated Tuesday, November 12th. The stock was 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 directly owns 103,366 shares of the company’s stock, valued at approximately $43,792,039.56. The trade was a 6.51 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CMO Takeshi Numoto sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $414.72, for a total value of $414,720.00. Following the transaction, the chief marketing officer now owns 57,511 shares in the company, valued at $23,850,961.92. This represents a 1.71 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 41,200 shares of company stock worth $17,383,892. 0.03% of the stock is currently owned by insiders.

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.