Microsoft Co. (NASDAQ:MSFT) Shares Sold by Glaxis Capital Management LLC

Glaxis Capital Management LLC cut its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 60.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,600 shares of the software giant’s stock after selling 4,000 shares during the quarter. Microsoft makes up approximately 4.3% of Glaxis Capital Management LLC’s portfolio, making the stock its 6th biggest position. Glaxis Capital Management LLC’s holdings in Microsoft were worth $1,119,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Bellwether Advisors LLC raised its stake in shares of Microsoft by 27.1% during the third quarter. Bellwether Advisors LLC now owns 41,373 shares of the software giant’s stock worth $17,803,000 after acquiring an additional 8,826 shares in the last quarter. Darwin Wealth Management LLC bought a new position in Microsoft in the third quarter valued at about $5,103,000. Anthracite Investment Company Inc. raised its stake in shares of Microsoft by 121.4% in the third quarter. Anthracite Investment Company Inc. now owns 5,836 shares of the software giant’s stock worth $2,511,000 after buying an additional 3,200 shares during the period. Ontario Teachers Pension Plan Board increased its stake in Microsoft by 7.7% in the 3rd quarter. Ontario Teachers Pension Plan Board now owns 2,619,542 shares of the software giant’s stock worth $1,127,189,000 after buying an additional 187,262 shares in the last quarter. Finally, First Horizon Advisors Inc. lifted its stake in Microsoft by 0.3% in the 3rd quarter. First Horizon Advisors Inc. now owns 161,156 shares of the software giant’s stock worth $69,346,000 after purchasing an additional 421 shares in the last quarter. 71.13% of the stock is currently owned by institutional investors.

Microsoft Price Performance

MSFT opened at $434.56 on Tuesday. Microsoft Co. has a fifty-two week low of $385.58 and a fifty-two week high of $468.35. The firm has a 50-day moving average of $431.05 and a 200 day moving average of $425.30. The firm has a market cap of $3.23 trillion, a P/E ratio of 35.85, a PEG ratio of 2.40 and a beta of 0.90. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.29 and a current ratio of 1.30.

Microsoft (NASDAQ:MSFT) last posted its earnings results on Wednesday, October 30th. The software giant reported $3.30 earnings per share for the quarter, topping the consensus estimate of $3.10 by $0.20. The firm 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 company’s revenue was up 16.0% on a year-over-year basis. During the same quarter last year, the company earned $2.99 earnings per share. On average, research analysts expect that Microsoft Co. will post 12.9 EPS for the current year.

Microsoft Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 20th will be given a dividend of $0.83 per share. The ex-dividend date of this dividend is Thursday, February 20th. This represents a $3.32 annualized dividend and a yield of 0.76%. Microsoft’s payout ratio is presently 27.39%.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Morgan Stanley reduced their target price on Microsoft from $548.00 to $540.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 22nd. Mizuho upped their target price on Microsoft from $480.00 to $510.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. Loop Capital raised their price objective on Microsoft from $500.00 to $550.00 and gave the stock a “buy” rating in a research note on Monday, December 23rd. Stifel Nicolaus raised their target price on Microsoft from $475.00 to $515.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Finally, Wells Fargo & Company restated a “buy” rating on shares of Microsoft in a research report on Friday, October 18th. Three investment analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $512.66.

Insiders Place Their Bets

In other Microsoft news, CMO Takeshi Numoto sold 2,500 shares of the stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $447.41, for a total transaction of $1,118,525.00. Following the transaction, the chief marketing officer now directly owns 49,352 shares in the company, valued at $22,080,578.32. This trade represents a 4.82 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Christopher David Young sold 7,200 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $423.66, for a total value of $3,050,352.00. Following the transaction, the executive vice president now directly owns 103,366 shares in the company, valued at $43,792,039.56. This trade represents a 6.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 41,200 shares of company stock valued at $17,383,892 in the last quarter. Corporate insiders own 0.03% of the company’s stock.

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.