Galibier Capital Management Ltd. Has $774,000 Stock Position in Microsoft Co. (NASDAQ:MSFT)

Galibier Capital Management Ltd. lifted its stake in Microsoft Co. (NASDAQ:MSFT) by 2.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,058 shares of the software giant’s stock after acquiring an additional 58 shares during the period. Microsoft makes up 0.2% of Galibier Capital Management Ltd.’s portfolio, making the stock its 28th largest holding. Galibier Capital Management Ltd.’s holdings in Microsoft were worth $774,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Hibernia Wealth Partners LLC bought a new position in Microsoft in the third quarter worth $69,000. Iron Horse Wealth Management LLC lifted its position 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 purchasing an additional 105 shares during the period. Authentikos Wealth Advisory LLC bought a new position in Microsoft in the third quarter worth $87,000. Family CFO Inc lifted its position in Microsoft by 13.6% in the third quarter. Family CFO Inc now owns 359 shares of the software giant’s stock worth $113,000 after purchasing an additional 43 shares during the period. Finally, Cordant Inc. lifted its position in Microsoft by 647.8% in the fourth quarter. Cordant Inc. now owns 344 shares of the software giant’s stock worth $129,000 after purchasing an additional 298 shares during the period. Institutional investors and hedge funds own 71.13% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on MSFT shares. Stifel Nicolaus reaffirmed a “buy” rating and issued a $455.00 target price on shares of Microsoft in a research report on Monday. Jefferies Financial Group lifted their price objective on Microsoft from $465.00 to $550.00 and gave the company a “buy” rating in a report on Monday, April 1st. Citigroup cut their price objective on Microsoft from $480.00 to $475.00 and set a “buy” rating for the company in a report on Thursday, April 18th. KeyCorp assumed coverage on Microsoft in a report on Thursday, March 21st. They set an “overweight” rating and a $490.00 price objective for the company. Finally, Piper Sandler reissued an “overweight” rating and set a $455.00 price objective on shares of Microsoft in a report on Thursday, January 25th. Four research analysts have rated the stock with a hold rating and thirty-five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $434.05.

Microsoft Price Performance

Microsoft stock opened at $409.06 on Thursday. The firm has a market capitalization of $3.04 trillion, a P/E ratio of 36.99, a PEG ratio of 2.17 and a beta of 0.89. Microsoft Co. has a 1 year low of $275.37 and a 1 year high of $430.82. The business has a 50-day moving average of $414.59 and a 200-day moving average of $387.09. The company has a current ratio of 1.22, a quick ratio of 1.20 and a debt-to-equity ratio of 0.19.

Microsoft (NASDAQ:MSFT) last posted its earnings results on Tuesday, January 30th. The software giant reported $2.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.76 by $0.17. The company had revenue of $62.02 billion during the quarter, compared to analyst estimates of $61.14 billion. Microsoft had a return on equity of 38.40% and a net margin of 36.27%. The company’s revenue for the quarter was up 17.6% compared to the same quarter last year. During the same period in the previous year, the company earned $2.32 EPS. On average, equities analysts anticipate that Microsoft Co. will post 11.61 EPS for the current year.

Microsoft Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Stockholders of record on Thursday, May 16th will be issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 0.73%. The ex-dividend date of this dividend is Wednesday, May 15th. Microsoft’s dividend payout ratio (DPR) is presently 27.12%.

Insider Activity

In other news, major shareholder Corp Microsoft sold 1,000,000 shares of Microsoft stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $1.95, for a total transaction of $1,950,000.00. Following the transaction, the insider now owns 11,677,398 shares in the company, valued at approximately $22,770,926.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, major shareholder Corp Microsoft sold 1,000,000 shares of Microsoft stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $1.95, for a total transaction of $1,950,000.00. Following the transaction, the insider now owns 11,677,398 shares in the company, valued at approximately $22,770,926.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Bradford L. Smith sold 3,303 shares of Microsoft 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 transaction, the insider now owns 570,826 shares in the company, valued at approximately $231,823,855.12. The disclosure for this sale can be found here. Insiders have sold 1,070,258 shares of company stock worth $30,690,456 in the last 90 days. Corporate insiders own 0.03% of the company’s stock.

Microsoft Profile

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.