Polymer Capital Management HK LTD Raises Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

Polymer Capital Management HK LTD increased its stake in Microsoft Co. (NASDAQ:MSFT) by 13.5% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 10,897 shares of the software giant’s stock after buying an additional 1,297 shares during the period. Polymer Capital Management HK LTD’s holdings in Microsoft were worth $4,593,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Adamsbrown Wealth Consultants LLC increased its holdings in shares of Microsoft by 2.2% in the 4th quarter. Adamsbrown Wealth Consultants LLC now owns 5,967 shares of the software giant’s stock worth $2,515,000 after purchasing an additional 130 shares in the last quarter. Mcdaniel Terry & Co. increased its holdings in Microsoft by 6.1% during the fourth quarter. Mcdaniel Terry & Co. now owns 315,594 shares of the software giant’s stock valued at $133,023,000 after buying an additional 18,052 shares during the last quarter. 1900 Wealth Management LLC lifted its position in Microsoft by 3.0% during the fourth quarter. 1900 Wealth Management LLC now owns 10,140 shares of the software giant’s stock valued at $4,274,000 after purchasing an additional 294 shares in the last quarter. Strategic Financial Services Inc. grew its stake in shares of Microsoft by 7.8% during the 4th quarter. Strategic Financial Services Inc. now owns 17,426 shares of the software giant’s stock valued at $7,345,000 after acquiring an additional 1,268 shares during the period. Finally, Elevate Wealth Advisory Inc. increased its stake in shares of Microsoft by 147.9% in the fourth quarter. Elevate Wealth Advisory Inc. now owns 1,748 shares of the software giant’s stock worth $737,000 after purchasing an additional 1,043 shares in the last quarter. 71.13% of the stock is currently owned by institutional investors.

Microsoft Stock Up 0.4%

Microsoft stock opened at $472.62 on Thursday. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $3.51 trillion, a P/E ratio of 38.05, a P/E/G ratio of 2.21 and a beta of 1.03. The stock’s fifty day simple moving average is $423.22 and its 200-day simple moving average is $417.84. Microsoft Co. has a twelve month low of $344.79 and a twelve month high of $475.47.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings data on Wednesday, April 30th. The software giant reported $3.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.22 by $0.24. Microsoft had a net margin of 35.43% and a return on equity of 33.36%. The business had revenue of $70.07 billion during the quarter, compared to analysts’ expectations of $68.54 billion. During the same period in the previous year, the company earned $2.94 EPS. The company’s revenue for the quarter was up 13.3% on a year-over-year basis. As a group, equities analysts expect that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Thursday, August 21st will be given a $0.83 dividend. The ex-dividend date is Thursday, August 21st. This represents a $3.32 dividend on an annualized basis and a yield of 0.70%. Microsoft’s dividend payout ratio (DPR) is presently 25.66%.

Insider Activity

In related news, EVP Takeshi Numoto sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $463.00, for a total transaction of $1,389,000.00. Following the transaction, the executive vice president now owns 43,930 shares of the company’s stock, valued at $20,339,590. This trade represents a 6.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Bradford L. Smith sold 6,000 shares of the business’s stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $433.17, for a total value of $2,599,020.00. Following the completion of the transaction, the insider now directly owns 471,036 shares in the company, valued at approximately $204,038,664.12. The trade was a 1.26% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 135,743 shares of company stock valued at $60,224,683. Insiders own 0.03% of the company’s stock.

Analyst Upgrades and Downgrades

MSFT has been the subject of several recent analyst reports. JPMorgan Chase & Co. upped their price target on Microsoft from $465.00 to $475.00 and gave the stock an “overweight” rating in a research note on Thursday, May 1st. Westpark Capital reissued a “hold” rating on shares of Microsoft in a research note on Thursday, May 1st. Stifel Nicolaus increased their price objective on Microsoft from $475.00 to $500.00 and gave the stock a “buy” rating in a research note on Thursday, May 1st. Benchmark restated a “buy” rating on shares of Microsoft in a research note on Thursday, May 1st. Finally, Barclays upped their price target on shares of Microsoft from $430.00 to $494.00 and gave the company an “overweight” rating in a research note on Thursday, May 1st. Four research analysts have rated the stock with a hold rating and thirty have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $513.89.

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.