Microsoft Corporation $MSFT Stock Position Boosted by Choreo LLC

Choreo LLC raised its position in Microsoft Corporation (NASDAQ:MSFT) by 5.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 314,788 shares of the software giant’s stock after purchasing an additional 16,126 shares during the quarter. Microsoft comprises 2.1% of Choreo LLC’s investment portfolio, making the stock its 6th biggest position. Choreo LLC’s holdings in Microsoft were worth $156,568,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in MSFT. Longfellow Investment Management Co. LLC lifted its stake in shares of Microsoft by 51.3% in the 2nd quarter. Longfellow Investment Management Co. LLC now owns 59 shares of the software giant’s stock valued at $29,000 after purchasing an additional 20 shares during the last quarter. Bulwark Capital Corp purchased a new stake in Microsoft in the 2nd quarter valued at about $32,000. Westend Capital Management LLC lifted its position in Microsoft by 386.7% in the second quarter. Westend Capital Management LLC now owns 73 shares of the software giant’s stock valued at $36,000 after buying an additional 58 shares during the last quarter. LSV Asset Management acquired a new position in Microsoft in the fourth quarter valued at about $44,000. Finally, University of Illinois Foundation purchased a new position in Microsoft during the second quarter worth about $50,000. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Wall Street Analysts Forecast Growth

MSFT has been the topic of a number of research analyst reports. Daiwa Capital Markets reduced their price target on shares of Microsoft from $640.00 to $630.00 and set a “buy” rating on the stock in a research note on Friday, November 7th. Melius Research upped their price target on Microsoft from $595.00 to $625.00 in a research note on Thursday, September 25th. Jefferies Financial Group restated a “buy” rating and set a $675.00 price target on shares of Microsoft in a research report on Wednesday, December 3rd. HSBC boosted their price objective on Microsoft from $643.00 to $648.00 in a report on Monday, October 27th. Finally, Cantor Fitzgerald set a $639.00 target price on Microsoft in a report on Thursday, October 30th. Two research analysts have rated the stock with a Strong Buy rating, thirty-seven have given a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, Microsoft presently has an average rating of “Moderate Buy” and an average target price of $632.34.

Microsoft Trading Down 2.7%

MSFT opened at $478.56 on Thursday. The business has a fifty day moving average price of $505.47 and a 200 day moving average price of $501.98. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.40 and a quick ratio of 1.39. Microsoft Corporation has a 12 month low of $344.79 and a 12 month high of $555.45. The stock has a market capitalization of $3.56 trillion, a price-to-earnings ratio of 34.04, a PEG ratio of 1.84 and a beta of 1.07.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Wednesday, October 29th. The software giant reported $4.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.65 by $0.48. Microsoft had a return on equity of 32.45% and a net margin of 35.71%.The business had revenue of $77.67 billion during the quarter, compared to analysts’ expectations of $75.49 billion. During the same quarter last year, the business posted $3.30 EPS. The business’s quarterly revenue was up 18.4% compared to the same quarter last year. Sell-side analysts expect that Microsoft Corporation will post 13.08 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 12th. Investors of record on Thursday, February 19th will be paid a $0.91 dividend. The ex-dividend date is Thursday, February 19th. This represents a $3.64 dividend on an annualized basis and a yield of 0.8%. Microsoft’s payout ratio is currently 25.89%.

Insiders Place Their Bets

In other Microsoft news, CEO Judson Althoff sold 12,750 shares of the stock in a transaction that occurred on Tuesday, December 2nd. The shares were sold at an average price of $491.52, for a total value of $6,266,880.00. Following the sale, the chief executive officer directly owned 129,349 shares of the company’s stock, valued at approximately $63,577,620.48. This represents a 8.97% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Bradford L. Smith sold 38,500 shares of the firm’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $518.64, for a total transaction of $19,967,640.00. Following the completion of the sale, the insider owned 461,597 shares in the company, valued at $239,402,668.08. The trade was a 7.70% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 54,100 shares of company stock worth $27,598,872 in the last 90 days. Corporate 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.