Microsoft Co. (NASDAQ:MSFT) is Asio Capital LLC’s 7th Largest Position

Asio Capital LLC lessened its holdings in shares of Microsoft Co. (NASDAQ:MSFTFree Report) by 0.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,119 shares of the software giant’s stock after selling 87 shares during the period. Microsoft comprises approximately 2.4% of Asio Capital LLC’s investment portfolio, making the stock its 7th biggest position. Asio Capital LLC’s holdings in Microsoft were worth $9,194,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Monumental Financial Group Inc. bought a new stake in shares of Microsoft during the first quarter valued at approximately $28,000. Atlantic Private Wealth LLC raised its stake in shares of Microsoft by 534.5% during the second quarter. Atlantic Private Wealth LLC now owns 184 shares of the software giant’s stock valued at $63,000 after acquiring an additional 155 shares in the last quarter. Hibernia Wealth Partners LLC bought a new stake in shares of Microsoft during the third quarter valued at approximately $69,000. Iron Horse Wealth Management LLC raised its stake in Microsoft by 89.0% in the third quarter. Iron Horse Wealth Management LLC now owns 223 shares of the software giant’s stock worth $70,000 after buying an additional 105 shares in the last quarter. Finally, MayTech Global Investments LLC bought a new position in Microsoft in the fourth quarter worth approximately $83,000. Hedge funds and other institutional investors own 69.20% of the company’s stock.

Insider Buying and Selling

In other Microsoft news, insider Bradford L. Smith sold 3,303 shares of the stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $406.12, for a total value of $1,341,414.36. Following the completion of the sale, the insider now owns 570,826 shares in the company, valued at approximately $231,823,855.12. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, EVP Kathleen T. Hogan sold 24,681 shares of the stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $369.00, for a total value of $9,107,289.00. Following the completion of the sale, the executive vice president now owns 183,761 shares of the company’s stock, valued at approximately $67,807,809. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Bradford L. Smith sold 3,303 shares of the stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $406.12, for a total transaction of $1,341,414.36. Following the completion of the sale, the insider now directly owns 570,826 shares of the company’s stock, valued at approximately $231,823,855.12. The disclosure for this sale can be found here. Insiders sold a total of 72,984 shares of company stock worth $28,978,803 in the last 90 days. Insiders own 0.03% of the company’s stock.

Microsoft Trading Up 1.6 %

Shares of Microsoft stock opened at $420.55 on Monday. Microsoft Co. has a fifty-two week low of $245.61 and a fifty-two week high of $420.82. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.20 and a current ratio of 1.22. The firm has a 50-day simple moving average of $385.39 and a two-hundred day simple moving average of $354.31. The company has a market cap of $3.12 trillion, a P/E ratio of 38.02, a price-to-earnings-growth ratio of 2.24 and a beta of 0.90.

Microsoft (NASDAQ:MSFTGet Free Report) last released its quarterly earnings results on Tuesday, January 30th. The software giant reported $2.93 earnings per share for the quarter, topping the consensus estimate of $2.76 by $0.17. Microsoft had a net margin of 36.27% and a return on equity of 38.40%. The firm had revenue of $62.02 billion during the quarter, compared to the consensus estimate of $61.14 billion. During the same quarter in the prior year, the firm earned $2.32 EPS. The company’s revenue for the quarter was up 17.6% on a year-over-year basis. As a group, equities analysts predict that Microsoft Co. will post 11.6 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 14th. Investors of record on Thursday, February 15th will be given a dividend of $0.75 per share. The ex-dividend date of this dividend is Wednesday, February 14th. This represents a $3.00 annualized dividend and a dividend yield of 0.71%. Microsoft’s dividend payout ratio (DPR) is presently 27.12%.

Analysts Set New Price Targets

A number of brokerages recently commented on MSFT. The Goldman Sachs Group boosted their price objective on shares of Microsoft from $400.00 to $450.00 and gave the stock a “buy” rating in a research note on Wednesday, October 25th. Macquarie boosted their price objective on shares of Microsoft from $430.00 to $450.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 31st. Citigroup boosted their price objective on shares of Microsoft from $430.00 to $432.00 and gave the stock a “buy” rating in a research note on Thursday, October 26th. Rosenblatt Securities lifted their price target on shares of Microsoft from $370.00 to $375.00 and gave the stock a “buy” rating in a report on Thursday, October 26th. Finally, Argus lifted their price target on shares of Microsoft from $390.00 to $430.00 and gave the stock a “buy” rating in a report on Tuesday, December 5th. Four analysts have rated the stock with a hold rating and thirty-six have assigned a buy rating to the stock. According to MarketBeat, Microsoft has a consensus rating of “Moderate Buy” and a consensus price target of $411.06.

Get Our Latest Analysis on MSFT

Microsoft Company 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.

See Also

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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