Trinity Street Asset Management LLP lifted its holdings in Microsoft Co. (NASDAQ:MSFT – Get Rating) by 18.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 49,239 shares of the software giant’s stock after acquiring an additional 7,815 shares during the quarter. Microsoft accounts for 1.9% of Trinity Street Asset Management LLP’s holdings, making the stock its 18th biggest position. Trinity Street Asset Management LLP’s holdings in Microsoft were worth $11,808,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Monumental Financial Group Inc. acquired a new stake in Microsoft during the first quarter valued at $28,000. Hanseatic Management Services Inc. grew its position in Microsoft by 71.4% during the third quarter. Hanseatic Management Services Inc. now owns 132 shares of the software giant’s stock valued at $31,000 after buying an additional 55 shares during the period. Macroview Investment Management LLC acquired a new stake in Microsoft during the fourth quarter valued at $61,000. Grayhawk Investment Strategies Inc. acquired a new stake in Microsoft during the second quarter valued at $104,000. Finally, Morgan Dempsey Capital Management LLC acquired a new stake in Microsoft during the third quarter valued at $82,000. Institutional investors and hedge funds own 69.15% of the company’s stock.
Microsoft Price Performance
Shares of MSFT stock opened at $280.57 on Monday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.93 and a quick ratio of 1.89. The firm’s 50-day moving average is $256.45 and its two-hundred day moving average is $245.97. Microsoft Co. has a 12 month low of $213.43 and a 12 month high of $315.95. The company has a market capitalization of $2.09 trillion, a PE ratio of 31.17, a price-to-earnings-growth ratio of 2.55 and a beta of 0.92.
Microsoft Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 6th. Stockholders of record on Thursday, May 18th will be paid a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date of this dividend is Wednesday, May 17th. Microsoft’s dividend payout ratio (DPR) is 30.22%.
Analyst Upgrades and Downgrades
Several analysts recently commented on the stock. BMO Capital Markets lowered shares of Microsoft from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $267.00 to $265.00 in a research report on Wednesday, January 25th. They noted that the move was a valuation call. DA Davidson raised their price target on shares of Microsoft from $280.00 to $325.00 and gave the company a “buy” rating in a research report on Wednesday, February 8th. Jefferies Financial Group set a $310.00 target price on shares of Microsoft in a research report on Monday, February 27th. Oppenheimer lifted their target price on shares of Microsoft from $265.00 to $280.00 and gave the company an “outperform” rating in a research report on Wednesday, February 8th. Finally, Raymond James dropped their target price on shares of Microsoft from $280.00 to $270.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 25th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and twenty-seven have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $287.92.
Insider Activity
In other news, CEO Satya Nadella sold 4,767 shares of the business’s stock in a transaction that occurred on Tuesday, February 28th. The shares were sold at an average price of $248.88, for a total value of $1,186,410.96. Following the sale, the chief executive officer now directly owns 788,625 shares of the company’s stock, valued at approximately $196,272,990. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Satya Nadella sold 4,767 shares of the business’s stock in a transaction that occurred on Tuesday, February 28th. The shares were sold at an average price of $248.88, for a total value of $1,186,410.96. Following the sale, the chief executive officer now directly owns 788,625 shares of the company’s stock, valued at approximately $196,272,990. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CMO Christopher C. Capossela sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, February 13th. The shares were sold at an average price of $272.32, for a total transaction of $272,320.00. Following the completion of the sale, the chief marketing officer now directly owns 116,362 shares in the company, valued at $31,687,699.84. The disclosure for this sale can be found here. In the last three months, insiders have sold 6,767 shares of company stock valued at $1,728,111. Company insiders own 0.03% of the company’s stock.
Microsoft Profile
Microsoft Corp. engages in the development and support of software, services, devices, and solutions. It operates through the following business segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. The Productivity and Business Processes segment consists of Office Commercial (Office 365 subscriptions, the Office 365 portion of Microsoft 365 Commercial subscriptions, and Office licensed on-premises), Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, and Skype for Business, Office Consumer, including Microsoft 365 Consumer subscriptions, Office licensed on-premises, and other Office services, LinkedIn, including Talent Solutions, Marketing Solutions, Premium Subscriptions, Sales Solutions, and Learning Solutions, Dynamics business solutions, including Dynamics 365, comprising a set of intelligent, cloud-based applications across ERP, CRM, Customer Insights, Power Apps, and Power Automate, and on-premises ERP and CRM applications.
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