Crystal Rock Capital Management Grows Stock Holdings in Microsoft Corporation $MSFT

Crystal Rock Capital Management boosted its holdings in shares of Microsoft Corporation (NASDAQ:MSFT) by 8.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,805 shares of the software giant’s stock after purchasing an additional 1,300 shares during the period. Microsoft makes up approximately 4.8% of Crystal Rock Capital Management’s holdings, making the stock its 8th biggest position. Crystal Rock Capital Management’s holdings in Microsoft were worth $8,359,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Kingstone Capital Partners Texas LLC raised its position in shares of Microsoft by 564,387.1% during the second quarter. Kingstone Capital Partners Texas LLC now owns 90,549,369 shares of the software giant’s stock worth $45,040,162,000 after purchasing an additional 90,533,328 shares during the period. Nuveen LLC purchased a new position in Microsoft in the 1st quarter worth about $18,733,827,000. Northern Trust Corp raised its holdings in Microsoft by 16.1% during the 4th quarter. Northern Trust Corp now owns 83,787,746 shares of the software giant’s stock worth $35,316,535,000 after buying an additional 11,600,470 shares during the period. Vanguard Group Inc. raised its holdings in Microsoft by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 691,386,214 shares of the software giant’s stock worth $259,539,471,000 after buying an additional 7,314,509 shares during the period. Finally, Goldman Sachs Group Inc. lifted its stake in Microsoft by 14.1% during the first quarter. Goldman Sachs Group Inc. now owns 49,338,953 shares of the software giant’s stock valued at $18,521,349,000 after buying an additional 6,101,005 shares in the last quarter. Institutional investors and hedge funds own 71.13% of the company’s stock.

Insider Buying and Selling at Microsoft

In related news, insider Bradford L. Smith sold 38,500 shares of the firm’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $518.64, for a total value of $19,967,640.00. Following the transaction, the insider directly owned 461,597 shares of the company’s stock, valued at approximately $239,402,668.08. This trade represents a 7.70% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.03% of the stock is owned by corporate insiders.

Microsoft Price Performance

Shares of MSFT opened at $490.00 on Wednesday. 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 market cap of $3.64 trillion, a PE ratio of 34.85, a PEG ratio of 2.36 and a beta of 1.02. The firm’s 50 day moving average price is $509.01 and its 200 day moving average price is $501.08. Microsoft Corporation has a twelve month low of $344.79 and a twelve month high of $555.45.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings results on Wednesday, October 29th. The software giant reported $4.13 EPS for the quarter, topping the consensus estimate of $3.65 by $0.48. The company had revenue of $77.67 billion for the quarter, compared to analyst estimates of $75.49 billion. Microsoft had a net margin of 35.71% and a return on equity of 33.47%. Microsoft’s quarterly revenue was up 18.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.30 EPS. As a group, research analysts expect that Microsoft Corporation will post 13.08 EPS for the current fiscal year.

Microsoft Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 12th. Shareholders of record on Thursday, February 19th will be issued a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 0.7%. The ex-dividend date is Thursday, February 19th. Microsoft’s dividend payout ratio (DPR) is 25.89%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Redburn Partners set a $560.00 target price on shares of Microsoft in a research report on Wednesday, October 22nd. Arete lifted their price objective on shares of Microsoft from $700.00 to $710.00 and gave the stock a “buy” rating in a research report on Wednesday, October 1st. JPMorgan Chase & Co. restated a “buy” rating on shares of Microsoft in a report on Wednesday, November 19th. Wall Street Zen cut Microsoft from a “buy” rating to a “hold” rating in a research report on Friday, November 28th. Finally, Daiwa Capital Markets dropped their price target on Microsoft from $640.00 to $630.00 and set a “buy” rating on the stock in a research report on Friday, November 7th. Two analysts have rated the stock with a Strong Buy rating, thirty-seven have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, Microsoft presently has an average rating of “Moderate Buy” and an average target price of $634.33.

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.