BIT Capital GmbH Has $8.32 Million Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

BIT Capital GmbH raised its holdings in Microsoft Co. (NASDAQ:MSFT) by 823.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 19,731 shares of the software giant’s stock after acquiring an additional 17,594 shares during the quarter. Microsoft makes up about 0.7% of BIT Capital GmbH’s portfolio, making the stock its 23rd largest holding. BIT Capital GmbH’s holdings in Microsoft were worth $8,317,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the business. Vanguard Group Inc. raised its position in Microsoft by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 684,071,705 shares of the software giant’s stock worth $288,336,224,000 after purchasing an additional 10,431,988 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Microsoft by 2.0% during the third quarter. Geode Capital Management LLC now owns 165,024,812 shares of the software giant’s stock worth $70,790,682,000 after acquiring an additional 3,264,648 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Microsoft by 4.1% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 54,590,791 shares of the software giant’s stock worth $23,490,417,000 after acquiring an additional 2,125,030 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Microsoft by 3.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 49,052,704 shares of the software giant’s stock worth $20,675,715,000 after acquiring an additional 1,823,579 shares during the period. Finally, Franklin Resources Inc. boosted its holdings in Microsoft by 1.1% in the third quarter. Franklin Resources Inc. now owns 38,420,657 shares of the software giant’s stock valued at $16,104,959,000 after acquiring an additional 406,940 shares during the last quarter. Institutional investors own 71.13% of the company’s stock.

Microsoft Price Performance

MSFT opened at $461.97 on Tuesday. Microsoft Co. has a 1 year low of $344.79 and a 1 year high of $468.35. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.34. The company has a market capitalization of $3.43 trillion, a price-to-earnings ratio of 37.20, a P/E/G ratio of 2.21 and a beta of 0.99. The firm’s fifty day moving average price is $410.44 and its two-hundred day moving average price is $415.29.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings results on Wednesday, April 30th. The software giant reported $3.46 earnings per share for the quarter, topping the consensus estimate of $3.22 by $0.24. The business had revenue of $70.07 billion for the quarter, compared to analysts’ expectations of $68.54 billion. Microsoft had a net margin of 35.43% and a return on equity of 33.36%. The firm’s revenue for the quarter was up 13.3% compared to the same quarter last year. During the same period in the previous year, the company earned $2.94 earnings per share. As a group, analysts anticipate that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Thursday, May 15th will be given a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date of this dividend is Thursday, May 15th. Microsoft’s payout ratio is 25.66%.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Tigress Financial increased their target price on shares of Microsoft from $550.00 to $595.00 and gave the company a “buy” rating in a research report on Thursday, March 20th. Wall Street Zen raised shares of Microsoft from a “hold” rating to a “buy” rating in a research note on Thursday, May 22nd. Royal Bank of Canada reissued an “outperform” rating and set a $525.00 target price on shares of Microsoft in a research note on Friday, May 23rd. JPMorgan Chase & Co. boosted their target price on shares of Microsoft from $465.00 to $475.00 and gave the company an “overweight” rating in a report on Thursday, May 1st. Finally, Raymond James increased their price target on Microsoft from $480.00 to $490.00 and gave the stock an “outperform” rating in a report on Thursday, May 1st. Four research analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $513.13.

Insider Buying and Selling

In related news, EVP Amy Coleman sold 13,243 shares of the firm’s stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $452.01, for a total transaction of $5,985,968.43. Following the completion of the sale, the executive vice president now owns 43,100 shares in the company, valued at approximately $19,481,631. This trade represents a 23.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Takeshi Numoto sold 1,000 shares of Microsoft stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $460.01, for a total transaction of $460,010.00. Following the completion of the sale, the executive vice president now directly owns 47,058 shares in the company, valued at approximately $21,647,150.58. This represents a 2.08% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 132,743 shares of company stock worth $58,835,683. 0.03% of the stock is owned by company insiders.

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.