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

Harvest Fund Management Co. Ltd lifted its stake in shares of Microsoft Co. (NASDAQ:MSFTFree Report) by 6.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 91,798 shares of the software giant’s stock after acquiring an additional 5,736 shares during the quarter. Microsoft accounts for about 5.8% of Harvest Fund Management Co. Ltd’s portfolio, making the stock its 3rd largest position. Harvest Fund Management Co. Ltd’s holdings in Microsoft were worth $26,458,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of MSFT. Monumental Financial Group Inc. acquired a new stake in shares of Microsoft in the 1st quarter valued at $28,000. PayPay Securities Corp acquired a new position in Microsoft in the fourth quarter valued at approximately $54,000. Gleason Group Inc. raised its stake in Microsoft by 111.7% during the 1st quarter. Gleason Group Inc. now owns 199 shares of the software giant’s stock worth $57,000 after acquiring an additional 105 shares in the last quarter. Syverson Strege & Co increased its position in shares of Microsoft by 157.0% during the first quarter. Syverson Strege & Co now owns 203 shares of the software giant’s stock worth $58,000 after purchasing an additional 124 shares in the last quarter. Finally, MayTech Global Investments LLC purchased a new stake in Microsoft in the fourth quarter valued at approximately $83,000. 69.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Microsoft news, insider Bradford L. Smith sold 50,000 shares of the business’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $337.20, for a total value of $16,860,000.00. Following the completion of the transaction, the insider now directly owns 588,084 shares in the company, valued at approximately $198,301,924.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Microsoft news, CEO Satya Nadella sold 38,234 shares of Microsoft stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $328.43, for a total value of $12,557,192.62. Following the completion of the sale, the chief executive officer now owns 800,668 shares in the company, valued at approximately $262,963,391.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Bradford L. Smith sold 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $337.20, for a total transaction of $16,860,000.00. Following the completion of the sale, the insider now directly owns 588,084 shares in the company, valued at $198,301,924.80. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 115,049 shares of company stock worth $38,195,619. 0.03% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms recently commented on MSFT. Guggenheim reiterated a “sell” rating and issued a $232.00 price target on shares of Microsoft in a research report on Thursday, July 20th. Bank of America upped their target price on shares of Microsoft from $340.00 to $405.00 and gave the company a “buy” rating in a report on Wednesday, July 19th. Tigress Financial raised their price target on Microsoft from $411.00 to $433.00 and gave the stock a “buy” rating in a report on Wednesday, August 2nd. Oppenheimer reaffirmed an “outperform” rating and set a $410.00 price objective on shares of Microsoft in a research note on Friday, July 28th. Finally, StockNews.com assumed coverage on Microsoft in a research note on Thursday, August 17th. They issued a “buy” rating on the stock. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and thirty-three have given 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 an average target price of $373.68.

Get Our Latest Stock Analysis on MSFT

Microsoft Trading Down 0.2 %

Shares of MSFT opened at $332.88 on Thursday. Microsoft Co. has a 1-year low of $213.43 and a 1-year high of $366.78. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.77 and a quick ratio of 1.75. The firm has a 50 day simple moving average of $332.69 and a 200-day simple moving average of $309.50. The stock has a market cap of $2.47 trillion, a price-to-earnings ratio of 34.35, a price-to-earnings-growth ratio of 2.42 and a beta of 0.90.

Microsoft (NASDAQ:MSFTGet Free Report) last posted its quarterly earnings data on Tuesday, July 25th. The software giant reported $2.69 EPS for the quarter, beating analysts’ consensus estimates of $2.55 by $0.14. Microsoft had a return on equity of 38.70% and a net margin of 34.15%. The business had revenue of $56.19 billion for the quarter, compared to analyst estimates of $55.49 billion. During the same quarter last year, the company earned $2.23 earnings per share. The business’s revenue for the quarter was up 8.3% compared to the same quarter last year. Equities analysts forecast that Microsoft Co. will post 10.9 EPS for the current fiscal year.

Microsoft Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 14th. Stockholders of record on Thursday, August 17th will be given a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date of this dividend is Wednesday, August 16th. Microsoft’s dividend payout ratio is presently 28.07%.

Microsoft Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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