Privium Fund Management B.V. Sells 400 Shares of Microsoft Co. (NASDAQ:MSFT)

Privium Fund Management B.V. reduced its stake in Microsoft Co. (NASDAQ:MSFT) by 3.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,000 shares of the software giant’s stock after selling 400 shares during the period. Microsoft makes up about 1.2% of Privium Fund Management B.V.’s holdings, making the stock its 25th largest holding. Privium Fund Management B.V.’s holdings in Microsoft were worth $4,593,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Christopher J. Hasenberg Inc raised its position in Microsoft by 169.2% during the second quarter. Christopher J. Hasenberg Inc now owns 70 shares of the software giant’s stock valued at $31,000 after purchasing an additional 44 shares in the last quarter. Neo Ivy Capital Management bought a new stake in shares of Microsoft in the fourth quarter worth about $58,000. Richardson Capital Management LLC grew its stake in shares of Microsoft by 1,290.0% in the first quarter. Richardson Capital Management LLC now owns 139 shares of the software giant’s stock worth $59,000 after purchasing an additional 129 shares during the last quarter. Innealta Capital LLC bought a new stake in Microsoft during the 2nd quarter valued at approximately $75,000. Finally, Bellevue Group AG boosted its position in Microsoft by 47.5% during the 1st quarter. Bellevue Group AG now owns 180 shares of the software giant’s stock valued at $76,000 after acquiring an additional 58 shares in the last quarter. 71.13% of the stock is owned by institutional investors.

Insider Buying and Selling at Microsoft

In other Microsoft news, CEO Satya Nadella sold 14,398 shares of the firm’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $417.41, for a total value of $6,009,869.18. Following the completion of the transaction, the chief executive officer now owns 786,933 shares of the company’s stock, valued at approximately $328,473,703.53. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, CEO Satya Nadella sold 14,398 shares of the firm’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $417.41, for a total transaction of $6,009,869.18. Following the completion of the transaction, the chief executive officer now owns 786,933 shares of the company’s stock, valued at $328,473,703.53. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Amy Hood sold 38,000 shares of the firm’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $410.55, for a total transaction of $15,600,900.00. Following the transaction, the chief financial officer now directly owns 496,369 shares of the company’s stock, valued at approximately $203,784,292.95. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 190,629 shares of company stock worth $77,916,485 over the last three months. Corporate insiders own 0.03% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on MSFT. Truist Financial reissued a “buy” rating and issued a $600.00 price target on shares of Microsoft in a research report on Tuesday, October 8th. Mizuho boosted their price objective on shares of Microsoft from $450.00 to $480.00 and gave the stock an “outperform” rating in a report on Tuesday, July 16th. Piper Sandler restated an “overweight” rating and issued a $485.00 price objective on shares of Microsoft in a report on Wednesday, July 31st. Morgan Stanley reiterated an “overweight” rating and set a $506.00 target price on shares of Microsoft in a research note on Tuesday, September 17th. Finally, Wedbush reissued an “outperform” rating and set a $550.00 price objective on shares of Microsoft in a research report on Wednesday, July 31st. Three equities research analysts have rated the stock with a hold rating and thirty have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $493.47.

Microsoft Stock Performance

Microsoft stock opened at $416.32 on Monday. 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 Co. has a 1-year low of $324.39 and a 1-year high of $468.35. The firm has a market capitalization of $3.09 trillion, a P/E ratio of 35.25, a price-to-earnings-growth ratio of 2.22 and a beta of 0.90. The company’s 50-day moving average is $417.92 and its 200 day moving average is $424.68.

Microsoft (NASDAQ:MSFT) last issued its earnings results on Tuesday, July 30th. The software giant reported $2.95 EPS for the quarter, topping analysts’ consensus estimates of $2.90 by $0.05. Microsoft had a net margin of 35.96% and a return on equity of 35.95%. The business had revenue of $64.73 billion for the quarter, compared to analyst estimates of $64.38 billion. During the same period last year, the company posted $2.69 earnings per share. The company’s quarterly revenue was up 15.2% compared to the same quarter last year. Research analysts forecast that Microsoft Co. will post 13.02 EPS for the current year.

Microsoft announced that its Board of Directors has initiated a stock buyback plan on Monday, September 16th that authorizes the company to repurchase $60.00 billion in outstanding shares. This repurchase authorization authorizes the software giant to reacquire up to 1.9% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

Microsoft Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st will be paid a dividend of $0.83 per share. The ex-dividend date of this dividend is Thursday, November 21st. This is an increase from Microsoft’s previous quarterly dividend of $0.75. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.80%. Microsoft’s dividend payout ratio (DPR) is currently 25.40%.

About Microsoft

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.