Galibier Capital Management Ltd. Acquires 58 Shares of Microsoft Co. (NASDAQ:MSFT)

Galibier Capital Management Ltd. increased its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 2.9% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 2,058 shares of the software giant’s stock after purchasing an additional 58 shares during the period. Microsoft makes up 0.2% of Galibier Capital Management Ltd.’s holdings, making the stock its 28th biggest holding. Galibier Capital Management Ltd.’s holdings in Microsoft were worth $774,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Gunderson Capital Management Inc. lifted its position in shares of Microsoft by 0.7% during the 4th quarter. Gunderson Capital Management Inc. now owns 24,887 shares of the software giant’s stock worth $9,359,000 after buying an additional 185 shares during the last quarter. Bailard Inc. raised its position in Microsoft by 1.2% in the third quarter. Bailard Inc. now owns 470,301 shares of the software giant’s stock valued at $148,497,000 after purchasing an additional 5,366 shares during the last quarter. RNC Capital Management LLC raised its position in Microsoft by 10.4% in the fourth quarter. RNC Capital Management LLC now owns 69,053 shares of the software giant’s stock valued at $25,967,000 after purchasing an additional 6,484 shares during the last quarter. Independence Bank of Kentucky raised its position in Microsoft by 7.7% in the third quarter. Independence Bank of Kentucky now owns 17,471 shares of the software giant’s stock valued at $5,516,000 after purchasing an additional 1,245 shares during the last quarter. Finally, Bensler LLC raised its position in Microsoft by 3.2% in the third quarter. Bensler LLC now owns 86,932 shares of the software giant’s stock valued at $27,449,000 after purchasing an additional 2,674 shares during the last quarter. 71.13% of the stock is currently owned by institutional investors.

Microsoft Trading Up 0.4 %

Shares of Microsoft stock opened at $409.06 on Thursday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.20 and a current ratio of 1.22. Microsoft Co. has a 52 week low of $275.37 and a 52 week high of $430.82. The stock has a 50 day moving average price of $414.59 and a two-hundred day moving average price of $387.09. The stock has a market capitalization of $3.04 trillion, a PE ratio of 36.99, a price-to-earnings-growth ratio of 2.17 and a beta of 0.89.

Microsoft (NASDAQ:MSFT) last posted its earnings results on Tuesday, January 30th. The software giant reported $2.93 earnings per share for the quarter, beating analysts’ consensus estimates of $2.76 by $0.17. Microsoft had a return on equity of 38.40% and a net margin of 36.27%. The company had revenue of $62.02 billion for the quarter, compared to analyst estimates of $61.14 billion. During the same quarter last year, the company earned $2.32 earnings per share. The company’s revenue for the quarter was up 17.6% on a year-over-year basis. As a group, equities analysts anticipate that Microsoft Co. will post 11.61 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Stockholders of record on Thursday, May 16th will be issued a $0.75 dividend. The ex-dividend date is Wednesday, May 15th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.73%. Microsoft’s dividend payout ratio is presently 27.12%.

Insider Activity

In other news, insider Bradford L. Smith sold 45,000 shares of the firm’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $411.78, for a total value of $18,530,100.00. Following the transaction, the insider now owns 574,129 shares in the company, valued at $236,414,839.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Microsoft news, major shareholder Corp Microsoft sold 1,000,000 shares of the business’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $1.95, for a total value of $1,950,000.00. Following the transaction, the insider now owns 11,677,398 shares of the company’s stock, valued at $22,770,926.10. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Bradford L. Smith sold 45,000 shares of the business’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $411.78, for a total value of $18,530,100.00. Following the completion of the transaction, the insider now directly owns 574,129 shares in the company, valued at approximately $236,414,839.62. The disclosure for this sale can be found here. Insiders have sold 1,070,258 shares of company stock worth $30,690,456 over the last 90 days. 0.03% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

MSFT has been the subject of several research reports. Wells Fargo & Company increased their target price on Microsoft from $460.00 to $480.00 and gave the company an “overweight” rating in a research report on Wednesday, April 17th. Morgan Stanley increased their target price on Microsoft from $465.00 to $520.00 and gave the company an “overweight” rating in a research report on Thursday, April 11th. Piper Sandler reiterated an “overweight” rating and issued a $455.00 target price on shares of Microsoft in a research report on Thursday, January 25th. Truist Financial reiterated a “buy” rating and issued a $600.00 target price on shares of Microsoft in a research report on Monday, March 25th. Finally, Raymond James increased their price target on Microsoft from $400.00 to $450.00 and gave the company an “outperform” rating in a research note on Wednesday, January 31st. Four investment analysts have rated the stock with a hold rating and thirty-five have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $434.05.

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.