Y.D. More Investments Ltd Invests $23.59 Million in Microsoft Co. (NASDAQ:MSFT)

Y.D. More Investments Ltd purchased a new position in Microsoft Co. (NASDAQ:MSFT – Get Rating) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 97,852 shares of the software giant’s stock, valued at approximately $23,585,000. Microsoft comprises 5.7% of Y.D. More Investments Ltd’s investment portfolio, making the stock its 2nd biggest position.

A number of other hedge funds also recently bought and sold shares of the company. Kelman Lazarov Inc. increased its position in Microsoft by 2.1% during the fourth quarter. Kelman Lazarov Inc. now owns 2,946 shares of the software giant’s stock valued at $707,000 after acquiring an additional 61 shares during the last quarter. Absher Wealth Management LLC increased its position in Microsoft by 12.0% during the fourth quarter. Absher Wealth Management LLC now owns 107,692 shares of the software giant’s stock valued at $25,827,000 after acquiring an additional 11,497 shares during the last quarter. Ameliora Wealth Management Ltd. grew its holdings in Microsoft by 414.6% during the fourth quarter. Ameliora Wealth Management Ltd. now owns 10,600 shares of the software giant’s stock valued at $2,542,000 after purchasing an additional 8,540 shares during the period. Petredis Investment Advisors LLC bought a new stake in Microsoft during the fourth quarter valued at about $30,574,000. Finally, Dillon & Associates Inc. grew its holdings in Microsoft by 0.6% during the fourth quarter. Dillon & Associates Inc. now owns 13,840 shares of the software giant’s stock valued at $3,322,000 after purchasing an additional 87 shares during the period. Hedge funds and other institutional investors own 69.15% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on MSFT shares. Rosenblatt Securities boosted their price target on Microsoft from $275.00 to $310.00 and gave the company a “buy” rating in a report on Wednesday, April 26th. 888 reissued a “maintains” rating on shares of Microsoft in a report on Wednesday, April 26th. KeyCorp upped their price objective on Microsoft from $316.00 to $335.00 and gave the stock an “overweight” rating in a research note on Thursday, April 20th. Fundamental Research lowered Microsoft from a “buy” rating to a “hold” rating in a research note on Tuesday, May 2nd. Finally, TD Cowen upped their price objective on Microsoft from $300.00 to $330.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 26th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and thirty-two have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $323.28.

Insider Activity at Microsoft

In related news, EVP Judson Althoff sold 30,000 shares of the firm’s stock in a transaction that occurred on Monday, May 1st. The shares were sold at an average price of $306.09, for a total transaction of $9,182,700.00. Following the transaction, the executive vice president now owns 117,456 shares in the company, valued at $35,952,107.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CMO Christopher C. Capossela sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 18th. The shares were sold at an average price of $316.87, for a total value of $1,584,350.00. Following the completion of the transaction, the chief marketing officer now owns 89,328 shares of the company’s stock, valued at approximately $28,305,363.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Judson Althoff sold 30,000 shares of Microsoft stock in a transaction on Monday, May 1st. The shares were sold at an average price of $306.09, for a total transaction of $9,182,700.00. Following the sale, the executive vice president now directly owns 117,456 shares of the company’s stock, valued at approximately $35,952,107.04. The disclosure for this sale can be found here. Insiders have sold 54,848 shares of company stock worth $16,635,227 over the last quarter. 0.03% of the stock is currently owned by company insiders.

Microsoft Stock Performance

NASDAQ:MSFT opened at $318.34 on Friday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.91 and a quick ratio of 1.88. The firm has a 50-day moving average of $290.86 and a two-hundred day moving average of $261.15. The stock has a market cap of $2.37 trillion, a P/E ratio of 34.49, a PEG ratio of 2.79 and a beta of 0.93. Microsoft Co. has a 1-year low of $213.43 and a 1-year high of $319.04.

Microsoft (NASDAQ:MSFT – Get Rating) last issued its earnings results on Tuesday, April 25th. The software giant reported $2.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.22 by $0.23. The business had revenue of $52.86 billion for the quarter, compared to analyst estimates of $51.01 billion. Microsoft had a net margin of 33.25% and a return on equity of 38.98%. The company’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.22 EPS. On average, research analysts expect that Microsoft Co. will post 9.66 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 8th. Stockholders of record on Thursday, May 18th will be given a dividend of $0.68 per share. The ex-dividend date is Wednesday, May 17th. This represents a $2.72 annualized dividend and a dividend yield of 0.85%. Microsoft’s dividend payout ratio is presently 29.47%.

About Microsoft

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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.