Trivest Advisors Ltd Acquires Shares of 50,000 Microsoft Corporation $MSFT

by · The Markets Daily

Trivest Advisors Ltd bought a new position in shares of Microsoft Corporation (NASDAQ:MSFT – Free Report) in the second quarter, Holdings Channel reports. The institutional investor bought 50,000 shares of the software giant’s stock, valued at approximately $24,870,000. Microsoft accounts for approximately 1.0% of Trivest Advisors Ltd’s holdings, making the stock its 23rd largest position.

Several other hedge funds have also recently modified their holdings of MSFT. Kingstone Capital Partners Texas LLC boosted its stake in shares of Microsoft by 564,387.1% in the second quarter. Kingstone Capital Partners Texas LLC now owns 90,549,369 shares of the software giant’s stock worth $45,040,162,000 after acquiring an additional 90,533,328 shares during the last quarter. Nuveen LLC purchased a new position in Microsoft in the 1st quarter valued at $18,733,827,000. Northern Trust Corp raised its position in shares of Microsoft by 16.1% in the fourth quarter. Northern Trust Corp now owns 83,787,746 shares of the software giant’s stock valued at $35,316,535,000 after buying an additional 11,600,470 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Microsoft by 1.1% in the first quarter. Vanguard Group Inc. now owns 691,386,214 shares of the software giant’s stock worth $259,539,471,000 after buying an additional 7,314,509 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its stake in shares of Microsoft by 14.1% in the first quarter. Goldman Sachs Group Inc. now owns 49,338,953 shares of the software giant’s stock worth $18,521,349,000 after buying an additional 6,101,005 shares in the last quarter. Institutional investors and hedge funds own 71.13% of the company’s stock.

Insider Buying and Selling

In other news, insider Bradford L. Smith sold 38,500 shares of the firm’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $518.64, for a total transaction of $19,967,640.00. Following the completion of the transaction, the insider directly owned 461,597 shares in the company, valued at $239,402,668.08. This trade represents a 7.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Judson Althoff sold 12,750 shares of Microsoft stock in a transaction on Tuesday, December 2nd. The shares were sold at an average price of $491.52, for a total value of $6,266,880.00. Following the completion of the sale, the chief executive officer directly owned 129,349 shares of the company’s stock, valued at $63,577,620.48. The trade was a 8.97% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.03% of the company’s stock.

Microsoft Stock Performance

Shares of Microsoft stock opened at $478.54 on Thursday. The firm has a market cap of $3.56 trillion, a PE ratio of 34.04, a price-to-earnings-growth ratio of 1.82 and a beta of 1.07. The company has a quick ratio of 1.39, a current ratio of 1.40 and a debt-to-equity ratio of 0.10. Microsoft Corporation has a 52 week low of $344.79 and a 52 week high of $555.45. The business’s fifty day simple moving average is $508.38 and its 200-day simple moving average is $500.92.

Microsoft (NASDAQ:MSFT – Get Free Report) last issued its quarterly earnings data on Wednesday, October 29th. The software giant reported $4.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.65 by $0.48. Microsoft had a net margin of 35.71% and a return on equity of 32.45%. The firm had revenue of $77.67 billion for the quarter, compared to analyst estimates of $75.49 billion. During the same period in the previous year, the firm earned $3.30 EPS. Microsoft’s revenue was up 18.4% on a year-over-year basis. Equities analysts forecast that Microsoft Corporation will post 13.08 earnings per share for the current year.

Microsoft Announces Dividend

The business 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 $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Thursday, February 19th. Microsoft’s dividend payout ratio is currently 25.89%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on MSFT. Evercore ISI set a $640.00 price objective on shares of Microsoft in a report on Thursday, October 30th. BMO Capital Markets dropped their price target on Microsoft from $650.00 to $625.00 and set an “outperform” rating for the company in a research report on Thursday, October 30th. Wedbush reiterated an “outperform” rating and set a $625.00 price objective on shares of Microsoft in a research report on Wednesday, October 22nd. Morgan Stanley boosted their price objective on Microsoft from $625.00 to $650.00 and gave the stock an “overweight” rating in a research note on Thursday, October 30th. Finally, Wells Fargo & Company raised their target price on Microsoft from $675.00 to $700.00 and gave the stock an “overweight” rating in a research note on Thursday, October 30th. Two research analysts have rated the stock with a Strong Buy rating, thirty-seven have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $634.33.

Check Out Our Latest Analysis on MSFT

Microsoft Company Profile

(Free Report)

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.

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