BSN CAPITAL PARTNERS Ltd Buys New Holdings in Microsoft Co. (NASDAQ:MSFT)

BSN CAPITAL PARTNERS Ltd purchased a new position in Microsoft Co. (NASDAQ:MSFT) in the 2nd quarter, Holdings Channel reports. The institutional investor purchased 105,000 shares of the software giant’s stock, valued at approximately $47,477,000. Microsoft accounts for 3.1% of BSN CAPITAL PARTNERS Ltd’s investment portfolio, making the stock its 6th biggest holding.

A number of other institutional investors have also added to or reduced their stakes in MSFT. Game Plan Financial Advisors LLC boosted its holdings in shares of Microsoft by 1.3% during the 2nd quarter. Game Plan Financial Advisors LLC now owns 14,156 shares of the software giant’s stock valued at $6,327,000 after purchasing an additional 176 shares during the last quarter. Telos Capital Management Inc. boosted its stake in Microsoft by 1.6% during the second quarter. Telos Capital Management Inc. now owns 32,043 shares of the software giant’s stock valued at $14,322,000 after buying an additional 511 shares during the last quarter. AM Squared Ltd boosted its stake in Microsoft by 97.3% during the second quarter. AM Squared Ltd now owns 4,800 shares of the software giant’s stock valued at $2,145,000 after buying an additional 2,367 shares during the last quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH increased its stake in Microsoft by 4.8% in the 2nd quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 303,566 shares of the software giant’s stock worth $135,679,000 after acquiring an additional 14,011 shares during the last quarter. Finally, Mizuho Securities Co. Ltd. increased its stake in Microsoft by 12.8% in the 2nd quarter. Mizuho Securities Co. Ltd. now owns 2,550 shares of the software giant’s stock worth $1,140,000 after acquiring an additional 290 shares during the last quarter. 71.13% of the stock is owned by hedge funds and other institutional investors.

Microsoft Trading Down 0.1 %

Shares of NASDAQ MSFT opened at $416.06 on Friday. The stock has a market capitalization of $3.09 trillion, a P/E ratio of 36.02, a price-to-earnings-growth ratio of 2.30 and a beta of 0.90. The business has a fifty day moving average price of $418.32 and a 200 day moving average price of $425.03. Microsoft Co. has a 1-year low of $314.90 and a 1-year high of $468.35. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.27 and a quick ratio of 1.27.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings results on Tuesday, July 30th. The software giant reported $2.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.90 by $0.05. Microsoft had a return on equity of 35.95% and a net margin of 35.96%. The business had revenue of $64.73 billion for the quarter, compared to the consensus estimate of $64.38 billion. During the same period in the prior year, the firm posted $2.69 earnings per share. The business’s quarterly revenue was up 15.2% on a year-over-year basis. Equities research analysts expect that Microsoft Co. will post 13.04 EPS for the current fiscal year.

Microsoft announced that its board has authorized a share buyback program on Monday, September 16th that allows the company to repurchase $60.00 billion in outstanding shares. This repurchase authorization allows the software giant to reacquire up to 1.9% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board of directors believes its shares are undervalued.

Microsoft Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st will be paid a dividend of $0.83 per share. This is a positive change from Microsoft’s previous quarterly dividend of $0.75. The ex-dividend date is Thursday, November 21st. This represents a $3.32 dividend on an annualized basis and a yield of 0.80%. Microsoft’s dividend payout ratio is presently 28.74%.

Insider Transactions at Microsoft

In related news, CEO Satya Nadella sold 78,353 shares of the company’s stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $408.63, for a total value of $32,017,386.39. Following the transaction, the chief executive officer now directly owns 864,327 shares of the company’s stock, valued at $353,189,942.01. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Satya Nadella sold 78,353 shares of the stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $408.63, for a total value of $32,017,386.39. Following the transaction, the chief executive officer now directly owns 864,327 shares of the company’s stock, valued at approximately $353,189,942.01. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Amy Hood sold 38,000 shares of Microsoft stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $410.55, for a total value of $15,600,900.00. Following the sale, the chief financial officer now directly owns 496,369 shares of the company’s stock, valued at $203,784,292.95. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 190,629 shares of company stock worth $77,916,485. Company insiders own 0.03% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Royal Bank of Canada reissued an “outperform” rating and issued a $500.00 target price on shares of Microsoft in a report on Wednesday, July 31st. TD Cowen lifted their price objective on shares of Microsoft from $470.00 to $495.00 and gave the stock a “buy” rating in a research note on Thursday, July 18th. Wedbush restated an “outperform” rating and set a $550.00 target price on shares of Microsoft in a research report on Wednesday, July 31st. Truist Financial reiterated a “buy” rating and issued a $600.00 price target on shares of Microsoft in a research report on Monday, June 17th. Finally, UBS Group lowered their price objective on Microsoft from $520.00 to $510.00 and set a “buy” rating for the company in a research note on Wednesday, July 31st. Two investment analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the stock. According to data from MarketBeat, Microsoft presently has a consensus rating of “Moderate Buy” and a consensus target price of $493.94.

Microsoft Company 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.