Microsoft Corporation $MSFT is Westover Capital Advisors LLC’s 3rd Largest Position

Westover Capital Advisors LLC trimmed its holdings in Microsoft Corporation (NASDAQ:MSFT) by 4.5% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 38,640 shares of the software giant’s stock after selling 1,821 shares during the period. Microsoft accounts for approximately 3.8% of Westover Capital Advisors LLC’s portfolio, making the stock its 3rd largest position. Westover Capital Advisors LLC’s holdings in Microsoft were worth $19,220,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. GR Financial Group LLC lifted its position in Microsoft by 7.1% during the second quarter. GR Financial Group LLC now owns 5,111 shares of the software giant’s stock valued at $2,542,000 after buying an additional 338 shares in the last quarter. Capital Square LLC lifted its stake in shares of Microsoft by 0.9% in the second quarter. Capital Square LLC now owns 4,243 shares of the software giant’s stock worth $2,136,000 after acquiring an additional 38 shares in the last quarter. LSV Asset Management boosted its holdings in Microsoft by 171.2% in the second quarter. LSV Asset Management now owns 564 shares of the software giant’s stock valued at $281,000 after purchasing an additional 356 shares during the last quarter. Dorsey & Whitney Trust CO LLC grew its stake in Microsoft by 1.9% during the 2nd quarter. Dorsey & Whitney Trust CO LLC now owns 188,440 shares of the software giant’s stock valued at $93,732,000 after purchasing an additional 3,471 shares in the last quarter. Finally, Sykon Capital LLC grew its position in shares of Microsoft by 12.9% during the second quarter. Sykon Capital LLC now owns 926 shares of the software giant’s stock worth $461,000 after buying an additional 106 shares in the last quarter. Institutional investors and hedge funds own 71.13% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Takeshi Numoto sold 2,850 shares of the firm’s stock in a transaction dated Thursday, December 4th. The shares were sold at an average price of $478.72, for a total value of $1,364,352.00. Following the transaction, the executive vice president owned 55,782 shares of the company’s stock, valued at approximately $26,703,959.04. This trade represents a 4.86% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Judson Althoff sold 12,750 shares of the firm’s stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of $491.52, for a total value of $6,266,880.00. Following the completion of the transaction, the chief executive officer owned 129,349 shares in the company, valued at $63,577,620.48. This represents a 8.97% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 54,100 shares of company stock worth $27,598,872 over the last three months. 0.03% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have commented on MSFT shares. Guggenheim set a $675.00 target price on Microsoft in a report on Wednesday, November 19th. Wolfe Research set a $675.00 price target on shares of Microsoft and gave the company an “outperform” rating in a report on Tuesday, October 28th. Wall Street Zen raised shares of Microsoft from a “hold” rating to a “buy” rating in a research report on Saturday. UBS Group reissued a “buy” rating and issued a $650.00 target price on shares of Microsoft in a report on Thursday, October 30th. Finally, Melius Research upped their target price on Microsoft from $595.00 to $625.00 in a report on Thursday, September 25th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-seven have given a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, Microsoft currently has an average rating of “Moderate Buy” and a consensus price target of $632.34.

Microsoft Stock Up 0.5%

Shares of NASDAQ:MSFT opened at $483.16 on Monday. Microsoft Corporation has a 52 week low of $344.79 and a 52 week high of $555.45. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.39 and a current ratio of 1.40. The company has a market cap of $3.59 trillion, a PE ratio of 34.36, a price-to-earnings-growth ratio of 1.81 and a beta of 1.07. The firm has a 50 day simple moving average of $507.29 and a 200 day simple moving average of $501.59.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings results on Wednesday, October 29th. The software giant reported $4.13 EPS for the quarter, topping the consensus estimate of $3.65 by $0.48. The company had revenue of $77.67 billion for the quarter, compared to analyst estimates of $75.49 billion. Microsoft had a net margin of 35.71% and a return on equity of 32.45%. Microsoft’s quarterly revenue was up 18.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.30 EPS. As a group, research analysts expect that Microsoft Corporation will post 13.08 earnings per share for the current year.

Microsoft Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 12th. Stockholders of record on Thursday, February 19th will be issued a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Thursday, February 19th. Microsoft’s dividend payout ratio (DPR) is presently 25.89%.

Microsoft 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.