Xponance Inc. Has $587.54 Million Stake in Microsoft Co. (NASDAQ:MSFT)

Posted by Defense World Staff on Oct 1st, 2023

Xponance Inc. grew its stake in Microsoft Co. (NASDAQ:MSFT – Free Report) by 1.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,725,307 shares of the software giant’s stock after purchasing an additional 19,481 shares during the period. Microsoft makes up about 7.8% of Xponance Inc.’s portfolio, making the stock its 2nd biggest position. Xponance Inc.’s holdings in Microsoft were worth $587,536,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of MSFT. Monumental Financial Group Inc. bought a new stake in shares of Microsoft during the 1st quarter worth approximately $28,000. Gleason Group Inc. lifted its stake in shares of Microsoft by 111.7% during the 1st quarter. Gleason Group Inc. now owns 199 shares of the software giant’s stock worth $57,000 after acquiring an additional 105 shares during the last quarter. Syverson Strege & Co lifted its stake in shares of Microsoft by 157.0% during the 1st quarter. Syverson Strege & Co now owns 203 shares of the software giant’s stock worth $58,000 after acquiring an additional 124 shares during the last quarter. MayTech Global Investments LLC bought a new stake in shares of Microsoft during the 4th quarter worth approximately $83,000. Finally, Beutel Goodman & Co Ltd. lifted its stake in shares of Microsoft by 57.5% during the 3rd quarter. Beutel Goodman & Co Ltd. now owns 411 shares of the software giant’s stock worth $95,000 after acquiring an additional 150 shares during the last quarter. 69.20% of the stock is owned by institutional investors.

Microsoft Stock Performance

Shares of MSFT opened at $315.75 on Friday. The stock has a 50-day moving average of $327.03 and a two-hundred day moving average of $318.08. Microsoft Co. has a one year low of $213.43 and a one year high of $366.78. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.75 and a current ratio of 1.77. The stock has a market cap of $2.35 trillion, a P/E ratio of 32.59, a P/E/G ratio of 2.31 and a beta of 0.90.

Microsoft (NASDAQ:MSFT – Get Free Report) last issued its quarterly earnings results on Tuesday, July 25th. The software giant reported $2.69 EPS for the quarter, topping analysts’ consensus estimates of $2.55 by $0.14. Microsoft had a return on equity of 38.70% and a net margin of 34.15%. The company had revenue of $56.19 billion during the quarter, compared to analysts’ expectations of $55.49 billion. During the same quarter in the previous year, the firm posted $2.23 EPS. The firm’s revenue was up 8.3% compared to the same quarter last year. As a group, research analysts predict that Microsoft Co. will post 10.9 EPS for the current year.

Microsoft Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 14th. Stockholders of record on Thursday, November 16th will be issued a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 0.95%. The ex-dividend date is Wednesday, November 15th. This is a boost from Microsoft’s previous quarterly dividend of $0.68. Microsoft’s payout ratio is 30.96%.

Insider Activity

In other news, CEO Satya Nadella sold 38,234 shares of the business’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $328.43, for a total value of $12,557,192.62. Following the completion of the transaction, the chief executive officer now owns 800,668 shares of the company’s stock, valued at approximately $262,963,391.24. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, insider Bradford L. Smith sold 50,000 shares of the business’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $337.20, for a total value of $16,860,000.00. Following the completion of the transaction, the insider now owns 588,084 shares of the company’s stock, valued at approximately $198,301,924.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Satya Nadella sold 38,234 shares of the business’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $328.43, for a total value of $12,557,192.62. Following the completion of the transaction, the chief executive officer now directly owns 800,668 shares of the company’s stock, valued at approximately $262,963,391.24. The disclosure for this sale can be found here. Insiders sold a total of 115,049 shares of company stock valued at $38,195,619 in the last quarter. 0.03% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

MSFT has been the topic of several research reports. Wedbush restated an “outperform” rating and set a $400.00 price objective on shares of Microsoft in a report on Thursday, September 21st. The Goldman Sachs Group raised their price objective on Microsoft from $350.00 to $400.00 and gave the stock a “buy” rating in a report on Friday, July 21st. Guggenheim upgraded Microsoft from a “sell” rating to a “neutral” rating in a report on Monday, September 25th. Morgan Stanley raised their price objective on Microsoft from $335.00 to $415.00 in a report on Thursday, July 6th. Finally, Stifel Nicolaus raised their price objective on Microsoft from $320.00 to $380.00 and gave the stock a “buy” rating in a report on Thursday, July 20th. Five research analysts have rated the stock with a hold rating and thirty-four have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $375.03.

Read Our Latest Report on Microsoft

Microsoft Profile

(Free Report)

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.