DLK Investment Management LLC Has $13.73 Million Position in Microsoft Corporation (NASDAQ:MSFT)

DLK Investment Management LLC boosted its stake in Microsoft Corporation (NASDAQ:MSFT) by 2.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,571 shares of the software giant’s stock after acquiring an additional 778 shares during the quarter. Microsoft accounts for 5.7% of DLK Investment Management LLC’s portfolio, making the stock its 2nd largest position. DLK Investment Management LLC’s holdings in Microsoft were worth $13,730,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Newton One Investments LLC raised its holdings in shares of Microsoft by 66.7% in the first quarter. Newton One Investments LLC now owns 75 shares of the software giant’s stock valued at $28,000 after purchasing an additional 30 shares during the last quarter. Ball & Co Wealth Management Inc. bought a new position in Microsoft in the fourth quarter valued at $31,000. LSV Asset Management bought a new position in Microsoft in the fourth quarter valued at $44,000. IFS Advisors LLC increased its stake in Microsoft by 50.0% in the 1st quarter. IFS Advisors LLC now owns 150 shares of the software giant’s stock valued at $57,000 after buying an additional 50 shares during the last quarter. Finally, Fairway Wealth LLC bought a new stake in Microsoft during the 4th quarter worth about $62,000. 71.13% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. TD Securities raised their price objective on Microsoft from $475.00 to $490.00 and gave the company a “buy” rating in a report on Thursday, May 1st. DA Davidson increased their price target on Microsoft from $600.00 to $650.00 and gave the company a “buy” rating in a research report on Thursday, July 31st. Stifel Nicolaus raised their price target on Microsoft from $500.00 to $550.00 and gave the company a “buy” rating in a research note on Monday, July 28th. Mizuho upped their price objective on Microsoft from $540.00 to $625.00 and gave the stock an “outperform” rating in a research note on Thursday, July 31st. Finally, Citigroup raised their target price on shares of Microsoft from $605.00 to $613.00 and gave the company a “buy” rating in a research note on Tuesday, July 22nd. Two research analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $609.86.

Microsoft Trading Down 0.5%

Shares of Microsoft stock opened at $524.94 on Thursday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.35 and a current ratio of 1.35. The firm has a 50-day moving average of $494.34 and a 200-day moving average of $437.01. Microsoft Corporation has a 52-week low of $344.79 and a 52-week high of $555.45. The stock has a market cap of $3.90 trillion, a PE ratio of 38.49, a PEG ratio of 2.31 and a beta of 1.06.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings data on Wednesday, July 30th. The software giant reported $3.65 earnings per share for the quarter, topping the consensus estimate of $3.35 by $0.30. Microsoft had a net margin of 36.15% and a return on equity of 32.44%. The business had revenue of $76.44 billion during the quarter, compared to analysts’ expectations of $73.79 billion. During the same quarter in the previous year, the company earned $2.95 EPS. The business’s revenue was up 18.1% on a year-over-year basis. As a group, sell-side analysts forecast that Microsoft Corporation will post 13.08 EPS for the current year.

Microsoft Announces Dividend

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 dividend of $0.83 per share. The ex-dividend date of this dividend is Thursday, August 21st. This represents a $3.32 dividend on an annualized basis and a yield of 0.6%. Microsoft’s dividend payout ratio is currently 24.34%.

Insider Buying and Selling

In other news, EVP Kathleen T. Hogan sold 21,500 shares of the stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $453.77, for a total transaction of $9,756,055.00. Following the sale, the executive vice president directly owned 134,888 shares of the company’s stock, valued at approximately $61,208,127.76. This represents a 13.75% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Takeshi Numoto sold 3,000 shares of the firm’s stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $463.00, for a total value of $1,389,000.00. Following the completion of the transaction, the executive vice president owned 43,930 shares in the company, valued at $20,339,590. The trade was a 6.39% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 54,743 shares of company stock worth $24,921,913. 0.03% of the stock is owned by corporate insiders.

About Microsoft

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.