E Fund Management Hong Kong Co. Ltd. increased its stake in shares of Microsoft Corporation (NASDAQ:MSFT – Free Report) by 19.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,966 shares of the software giant’s stock after buying an additional 325 shares during the period. Microsoft accounts for approximately 0.9% of E Fund Management Hong Kong Co. Ltd.’s holdings, making the stock its 13th biggest holding. E Fund Management Hong Kong Co. Ltd.’s holdings in Microsoft were worth $978,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MSFT. Newton One Investments LLC increased its stake in shares of Microsoft by 66.7% in the 1st quarter. Newton One Investments LLC now owns 75 shares of the software giant’s stock valued at $28,000 after acquiring an additional 30 shares during the last quarter. Bulwark Capital Corp bought a new stake in Microsoft during the 2nd quarter worth approximately $32,000. Westend Capital Management LLC increased its stake in Microsoft by 386.7% during the 2nd quarter. Westend Capital Management LLC now owns 73 shares of the software giant’s stock worth $36,000 after purchasing an additional 58 shares in the last quarter. LSV Asset Management bought a new stake in Microsoft during the 4th quarter worth approximately $44,000. Finally, ROSS JOHNSON & Associates LLC increased its stake in Microsoft by 155.7% during the 1st quarter. ROSS JOHNSON & Associates LLC now owns 156 shares of the software giant’s stock worth $59,000 after purchasing an additional 95 shares in the last quarter. 71.13% of the stock is owned by institutional investors.
Microsoft Stock Down 1.5%
MSFT stock opened at $517.81 on Monday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.35 and a quick ratio of 1.35. The stock has a market capitalization of $3.85 trillion, a price-to-earnings ratio of 36.83, a PEG ratio of 2.36 and a beta of 1.03. The business’s fifty day moving average price is $513.81 and its two-hundred day moving average price is $488.36. Microsoft Corporation has a fifty-two week low of $344.79 and a fifty-two week high of $555.45.
Microsoft Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Thursday, November 20th will be paid a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 0.7%. This is a boost from Microsoft’s previous quarterly dividend of $0.83. The ex-dividend date of this dividend is Thursday, November 20th. Microsoft’s payout ratio is 25.89%.
Analyst Upgrades and Downgrades
A number of equities analysts have weighed in on MSFT shares. BMO Capital Markets reduced their price target on Microsoft from $650.00 to $625.00 and set an “outperform” rating for the company in a research report on Thursday. Stifel Nicolaus set a $640.00 price target on Microsoft in a research report on Thursday. Morgan Stanley increased their price objective on Microsoft from $625.00 to $650.00 and gave the company an “overweight” rating in a report on Thursday. TD Cowen increased their price objective on Microsoft from $640.00 to $655.00 and gave the company a “buy” rating in a report on Thursday. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and set a $630.00 price target on shares of Microsoft in a report on Tuesday, October 28th. One research analyst has rated the stock with a Strong Buy rating, thirty-six have given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $634.67.
Get Our Latest Analysis on Microsoft
Insider Activity
In other news, CEO Satya Nadella sold 149,205 shares of Microsoft stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $504.78, for a total transaction of $75,315,699.90. Following the sale, the chief executive officer directly owned 790,852 shares of the company’s stock, valued at approximately $399,206,272.56. This trade represents a 15.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Takeshi Numoto sold 4,850 shares of Microsoft stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $527.32, for a total value of $2,557,502.00. Following the sale, the executive vice president directly owned 39,111 shares in the company, valued at $20,624,012.52. The trade was a 11.03% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.03% of the company’s stock.
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.
Read More
- Five stocks we like better than Microsoft
- Retail Stocks Investing, Explained
- Is Lemonade Stock Set for a Big Squeeze After Earnings?
- What Are the FAANG Stocks and Are They Good Investments?
- Caterpillar Stock Could Top $650 by Year’s End
- 3 Must-Buy Warren Buffett Stocks for Volatile Times
- ServiceNow’s 5-for-1 Split Is a Signal for Investors to Buy
Want to see what other hedge funds are holding MSFT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Microsoft Corporation (NASDAQ:MSFT – Free Report).
Receive News & Ratings for Microsoft Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Microsoft and related companies with MarketBeat.com's FREE daily email newsletter.
