Microsoft Co. (NASDAQ:MSFT) is Sachetta LLC’s 9th Largest Position

Sachetta LLC increased its position in shares of Microsoft Co. (NASDAQ:MSFT) by 3.9% during the third quarter, Holdings Channel reports. The institutional investor owned 11,354 shares of the software giant’s stock after buying an additional 425 shares during the quarter. Microsoft comprises about 1.9% of Sachetta LLC’s portfolio, making the stock its 9th largest holding. Sachetta LLC’s holdings in Microsoft were worth $4,885,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. International Assets Investment Management LLC grew its holdings in shares of Microsoft by 48,526.1% during the third quarter. International Assets Investment Management LLC now owns 38,501,645 shares of the software giant’s stock worth $16,567,258,000 after purchasing an additional 38,422,466 shares during the last quarter. Ameriprise Financial Inc. grew its position in shares of Microsoft by 0.3% during the second quarter. Ameriprise Financial Inc. now owns 34,511,544 shares of the software giant’s stock worth $15,426,767,000 after acquiring an additional 97,075 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Microsoft by 6.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 24,091,789 shares of the software giant’s stock valued at $10,768,771,000 after acquiring an additional 1,563,533 shares during the period. Swiss National Bank raised its position in Microsoft by 0.3% in the 3rd quarter. Swiss National Bank now owns 20,957,770 shares of the software giant’s stock valued at $9,018,128,000 after purchasing an additional 57,800 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. boosted its stake in Microsoft by 1.4% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 18,388,106 shares of the software giant’s stock worth $7,912,402,000 after purchasing an additional 251,408 shares during the period. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Christopher David Young sold 7,200 shares of Microsoft stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $423.66, for a total value of $3,050,352.00. Following the completion of the transaction, the executive vice president now directly owns 103,366 shares in the company, valued at approximately $43,792,039.56. This trade represents a 6.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Judson Althoff sold 25,000 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $417.00, for a total value of $10,425,000.00. Following the sale, the executive vice president now owns 117,294 shares in the company, valued at $48,911,598. The trade was a 17.57 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 41,200 shares of company stock worth $17,383,892 in the last three months. 0.03% of the stock is owned by insiders.

Microsoft Stock Down 0.6 %

NASDAQ MSFT opened at $444.06 on Monday. The stock has a market cap of $3.30 trillion, a PE ratio of 36.64, a P/E/G ratio of 2.40 and a beta of 0.90. The business has a 50 day moving average price of $431.05 and a two-hundred day moving average price of $425.54. Microsoft Co. has a fifty-two week low of $385.58 and a fifty-two week high of $468.35. The company has a quick ratio of 1.29, a current ratio of 1.30 and a debt-to-equity ratio of 0.15.

Microsoft (NASDAQ:MSFT) last announced its earnings results on Wednesday, October 30th. The software giant reported $3.30 earnings per share for the quarter, beating the consensus estimate of $3.10 by $0.20. The business had revenue of $65.59 billion during the quarter, compared to the consensus estimate of $64.57 billion. Microsoft had a net margin of 35.61% and a return on equity of 34.56%. The business’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.99 earnings per share. As a group, sell-side analysts predict that Microsoft Co. will post 12.9 EPS for the current fiscal year.

Microsoft Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 20th will be paid a dividend of $0.83 per share. The ex-dividend date is Thursday, February 20th. This represents a $3.32 dividend on an annualized basis and a yield of 0.75%. Microsoft’s dividend payout ratio (DPR) is presently 27.39%.

Wall Street Analyst Weigh In

A number of research firms have commented on MSFT. Sanford C. Bernstein dropped their price objective on shares of Microsoft from $501.00 to $500.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. The Goldman Sachs Group dropped their price target on Microsoft from $515.00 to $500.00 and set a “buy” rating on the stock in a research report on Thursday, October 10th. Truist Financial reissued a “buy” rating and issued a $600.00 target price on shares of Microsoft in a report on Monday, October 28th. Guggenheim restated a “neutral” rating on shares of Microsoft in a research note on Friday. Finally, TD Cowen reduced their target price on Microsoft from $495.00 to $475.00 and set a “buy” rating for the company in a report on Thursday, October 31st. Three investment analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Microsoft currently has a consensus rating of “Moderate Buy” and a consensus price target of $512.66.

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.