Microsoft Co. (NASDAQ:MSFT) Position Decreased by Kornitzer Capital Management Inc. KS

Kornitzer Capital Management Inc. KS cut its stake in shares of Microsoft Co. (NASDAQ:MSFTFree Report) by 1.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 637,727 shares of the software giant’s stock after selling 8,706 shares during the quarter. Microsoft accounts for approximately 4.2% of Kornitzer Capital Management Inc. KS’s holdings, making the stock its biggest position. Kornitzer Capital Management Inc. KS’s holdings in Microsoft were worth $201,362,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. DGS Capital Management LLC lifted its holdings in Microsoft by 19.9% in the first quarter. DGS Capital Management LLC now owns 14,342 shares of the software giant’s stock valued at $4,422,000 after acquiring an additional 2,383 shares during the period. IFM Investors Pty Ltd increased its position in shares of Microsoft by 20.8% in the first quarter. IFM Investors Pty Ltd now owns 1,138,469 shares of the software giant’s stock valued at $351,001,000 after buying an additional 196,338 shares in the last quarter. Altus Wealth Group LLC increased its position in shares of Microsoft by 1.2% in the first quarter. Altus Wealth Group LLC now owns 12,712 shares of the software giant’s stock valued at $3,919,000 after buying an additional 152 shares in the last quarter. Powell Investment Advisors LLC increased its position in shares of Microsoft by 16.2% in the first quarter. Powell Investment Advisors LLC now owns 2,578 shares of the software giant’s stock valued at $795,000 after buying an additional 359 shares in the last quarter. Finally, Onyx Bridge Wealth Group LLC increased its position in shares of Microsoft by 8.2% in the first quarter. Onyx Bridge Wealth Group LLC now owns 6,782 shares of the software giant’s stock valued at $1,921,000 after buying an additional 512 shares in the last quarter. 69.20% of the stock is owned by institutional investors and hedge funds.

Microsoft Stock Performance

Shares of MSFT opened at $420.55 on Monday. The business’s 50 day moving average is $385.39 and its two-hundred day moving average is $354.31. Microsoft Co. has a 52-week low of $245.61 and a 52-week high of $420.82. The firm has a market cap of $3.12 trillion, a price-to-earnings ratio of 38.02, a PEG ratio of 2.24 and a beta of 0.90. The company has a quick ratio of 1.20, a current ratio of 1.22 and a debt-to-equity ratio of 0.19.

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

Microsoft Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 14th. Stockholders of record on Thursday, February 15th will be issued a $0.75 dividend. The ex-dividend date is Wednesday, February 14th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.71%. Microsoft’s dividend payout ratio (DPR) is 27.12%.

Insider Activity

In other news, insider Bradford L. Smith sold 45,000 shares of the business’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $411.78, for a total value of $18,530,100.00. Following the completion of the sale, the insider now directly owns 574,129 shares in the company, valued at approximately $236,414,839.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, EVP Kathleen T. Hogan sold 24,681 shares of the company’s stock in a transaction on Friday, December 8th. The stock was sold at an average price of $369.00, for a total transaction of $9,107,289.00. Following the completion of the transaction, the executive vice president now directly owns 183,761 shares in the company, valued at approximately $67,807,809. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Bradford L. Smith sold 45,000 shares of the company’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $411.78, for a total value of $18,530,100.00. Following the transaction, the insider now owns 574,129 shares of the company’s stock, valued at $236,414,839.62. The disclosure for this sale can be found here. In the last ninety days, insiders sold 72,984 shares of company stock worth $28,978,803. 0.03% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on MSFT shares. Wells Fargo & Company raised their price target on Microsoft from $435.00 to $460.00 and gave the company an “overweight” rating in a research report on Wednesday, January 31st. Argus raised their price target on Microsoft from $390.00 to $430.00 and gave the company a “buy” rating in a research report on Tuesday, December 5th. Evercore ISI restated an “outperform” rating and issued a $432.00 price target on shares of Microsoft in a research report on Monday, November 20th. Tigress Financial lifted their price objective on Microsoft from $433.00 to $475.00 and gave the stock a “buy” rating in a research report on Wednesday, November 29th. Finally, HSBC upgraded Microsoft from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $347.00 to $413.00 in a research report on Thursday, October 26th. Four equities research analysts have rated the stock with a hold rating and thirty-six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $411.06.

Check Out Our Latest Stock Report 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.

Further Reading

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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