Microsoft Co. (NASDAQ:MSFT) is Goldstream Capital Management Ltd’s 3rd Largest Position

Goldstream Capital Management Ltd grew its stake in Microsoft Co. (NASDAQ:MSFT) by 10.3% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 57,358 shares of the software giant’s stock after buying an additional 5,349 shares during the quarter. Microsoft accounts for approximately 8.3% of Goldstream Capital Management Ltd’s portfolio, making the stock its 3rd biggest position. Goldstream Capital Management Ltd’s holdings in Microsoft were worth $24,681,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in MSFT. EP Wealth Advisors LLC lifted its stake in Microsoft by 4.9% during the third quarter. EP Wealth Advisors LLC now owns 694,975 shares of the software giant’s stock worth $299,048,000 after purchasing an additional 32,439 shares during the last quarter. Empirical Capital Management LLC purchased a new stake in Microsoft during the third quarter worth approximately $8,606,000. Kovitz Investment Group Partners LLC lifted its stake in Microsoft by 37.6% during the third quarter. Kovitz Investment Group Partners LLC now owns 827,981 shares of the software giant’s stock worth $356,280,000 after purchasing an additional 226,342 shares during the last quarter. Vienna Asset Management LLC lifted its stake in Microsoft by 9.3% during the third quarter. Vienna Asset Management LLC now owns 9,334 shares of the software giant’s stock worth $4,016,000 after purchasing an additional 792 shares during the last quarter. Finally, Voyager Global Management LP lifted its stake in Microsoft by 80.0% during the third quarter. Voyager Global Management LP now owns 450,000 shares of the software giant’s stock worth $193,635,000 after purchasing an additional 200,000 shares during the last quarter. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Microsoft Trading Down 1.5 %

Shares of MSFT stock opened at $409.75 on Monday. The business’s fifty day moving average price is $431.44 and its 200 day moving average price is $423.56. Microsoft Co. has a 1-year low of $385.58 and a 1-year high of $468.35. The firm has a market capitalization of $3.05 trillion, a PE ratio of 32.99, a P/E/G ratio of 2.21 and a beta of 0.90. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.34.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Wednesday, January 29th. The software giant reported $3.23 earnings per share for the quarter, topping analysts’ consensus estimates 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 quarter last year, the firm earned $2.93 EPS. As a group, sell-side analysts forecast that Microsoft Co. will post 13.07 EPS for the current fiscal year.

Microsoft Announces Dividend

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

Insider Buying and Selling at Microsoft

In other news, EVP Judson Althoff sold 25,000 shares of the company’s 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 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CMO Takeshi Numoto sold 2,500 shares of the company’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $447.41, for a total value of $1,118,525.00. Following the completion of the sale, the chief marketing officer now owns 49,352 shares in the company, valued at $22,080,578.32. This represents a 4.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 41,200 shares of company stock valued at $17,383,892. Insiders own 0.03% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on MSFT. TD Cowen decreased their target price on Microsoft from $495.00 to $475.00 and set a “buy” rating for the company in a research note on Thursday, October 31st. Morgan Stanley decreased their target price on Microsoft from $540.00 to $530.00 and set an “overweight” rating for the company in a research note on Thursday, January 30th. Royal Bank of Canada reiterated an “outperform” rating and issued a $500.00 price objective on shares of Microsoft in a research note on Thursday, January 30th. Piper Sandler reiterated an “overweight” rating and issued a $520.00 price objective on shares of Microsoft in a research note on Monday, January 27th. Finally, Mizuho reduced their price objective on Microsoft from $510.00 to $500.00 and set an “outperform” rating for the company in a research note on Thursday, January 30th. Three analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $510.96.

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.