Dynamic Technology Lab Private Ltd Sells 9,388 Shares of Microsoft Co. (NASDAQ:MSFT)

Dynamic Technology Lab Private Ltd lowered its stake in shares of Microsoft Co. (NASDAQ:MSFTFree Report) by 62.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,657 shares of the software giant’s stock after selling 9,388 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Microsoft were worth $2,127,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MSFT. Morris Financial Concepts Inc. increased its holdings in shares of Microsoft by 0.9% during the 4th quarter. Morris Financial Concepts Inc. now owns 2,663 shares of the software giant’s stock worth $1,001,000 after acquiring an additional 25 shares during the last quarter. Innova Wealth Partners boosted its stake in Microsoft by 0.6% in the 4th quarter. Innova Wealth Partners now owns 4,239 shares of the software giant’s stock valued at $1,594,000 after purchasing an additional 25 shares during the period. Sicart Associates LLC boosted its stake in Microsoft by 2.9% in the 4th quarter. Sicart Associates LLC now owns 926 shares of the software giant’s stock valued at $348,000 after purchasing an additional 26 shares during the period. Capital Wealth Management LLC boosted its stake in Microsoft by 1.7% in the 4th quarter. Capital Wealth Management LLC now owns 1,592 shares of the software giant’s stock valued at $599,000 after purchasing an additional 26 shares during the period. Finally, Mayfair Advisory Group LLC boosted its stake in Microsoft by 0.7% in the 4th quarter. Mayfair Advisory Group LLC now owns 3,866 shares of the software giant’s stock valued at $1,434,000 after purchasing an additional 27 shares during the period. Institutional investors own 71.13% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on MSFT. Macquarie upped their target price on Microsoft from $460.00 to $475.00 and gave the company an “outperform” rating in a research report on Friday, May 17th. Jefferies Financial Group boosted their price target on Microsoft from $465.00 to $550.00 and gave the stock a “buy” rating in a report on Monday, April 1st. Piper Sandler reissued an “overweight” rating and set a $465.00 price target (up previously from $455.00) on shares of Microsoft in a report on Friday, April 26th. Wedbush reissued an “outperform” rating and set a $500.00 price target on shares of Microsoft in a report on Wednesday, May 22nd. Finally, Morgan Stanley boosted their price target on Microsoft from $465.00 to $520.00 and gave the stock an “overweight” rating in a report on Thursday, April 11th. Three equities research analysts have rated the stock with a hold rating and thirty-two have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $457.91.

View Our Latest Report on MSFT

Microsoft Stock Up 0.1 %

Shares of Microsoft stock opened at $424.52 on Friday. Microsoft Co. has a one year low of $309.45 and a one year high of $433.60. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.24 and a quick ratio of 1.23. The stock’s 50-day moving average is $416.13 and its 200 day moving average is $402.07. The firm has a market cap of $3.16 trillion, a price-to-earnings ratio of 36.76, a PEG ratio of 2.20 and a beta of 0.89.

Microsoft (NASDAQ:MSFTGet Free Report) last announced its earnings results on Thursday, April 25th. The software giant reported $2.94 EPS for the quarter, beating the consensus estimate of $2.81 by $0.13. Microsoft had a return on equity of 37.54% and a net margin of 36.43%. The company had revenue of $61.86 billion for the quarter, compared to analyst estimates of $60.86 billion. During the same quarter in the prior year, the company earned $2.45 EPS. The firm’s revenue for the quarter was up 17.0% compared to the same quarter last year. Equities research analysts anticipate that Microsoft Co. will post 11.77 EPS for the current year.

Microsoft Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Thursday, May 16th will be given a dividend of $0.75 per share. The ex-dividend date is Wednesday, May 15th. This represents a $3.00 annualized dividend and a dividend yield of 0.71%. Microsoft’s payout ratio is 25.97%.

Insider Activity at Microsoft

In other Microsoft news, EVP Kathleen T. Hogan sold 21,955 shares of the stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $403.96, for a total value of $8,868,941.80. Following the transaction, the executive vice president now owns 159,764 shares in the company, valued at $64,538,265.44. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Microsoft news, EVP Kathleen T. Hogan sold 21,955 shares of the stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $403.96, for a total value of $8,868,941.80. Following the transaction, the executive vice president now owns 159,764 shares in the company, valued at $64,538,265.44. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Judson Althoff sold 25,000 shares of the stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $425.68, for a total value of $10,642,000.00. Following the completion of the transaction, the executive vice president now owns 104,949 shares in the company, valued at approximately $44,674,690.32. The disclosure for this sale can be found here. Insiders have sold a total of 47,521 shares of company stock worth $19,746,476 in the last 90 days. Corporate insiders own 0.03% of the company’s stock.

About Microsoft

(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.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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