Kapitalo Investimentos Ltda Sells 68,726 Shares of Microsoft Co. (NASDAQ:MSFT)

Kapitalo Investimentos Ltda reduced its position in shares of Microsoft Co. (NASDAQ:MSFT) by 91.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 6,136 shares of the software giant’s stock after selling 68,726 shares during the quarter. Microsoft accounts for about 0.5% of Kapitalo Investimentos Ltda’s investment portfolio, making the stock its 26th biggest holding. Kapitalo Investimentos Ltda’s holdings in Microsoft were worth $2,307,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of MSFT. Financial Security Advisor Inc. boosted its holdings in shares of Microsoft by 1.7% during the 4th quarter. Financial Security Advisor Inc. now owns 27,270 shares of the software giant’s stock valued at $10,255,000 after acquiring an additional 452 shares during the last quarter. Gunderson Capital Management Inc. boosted its holdings in shares of Microsoft by 0.7% during the 4th quarter. Gunderson Capital Management Inc. now owns 24,887 shares of the software giant’s stock valued at $9,359,000 after acquiring an additional 185 shares during the last quarter. Rappaport Reiches Capital Management LLC boosted its holdings in shares of Microsoft by 14.9% during the 4th quarter. Rappaport Reiches Capital Management LLC now owns 8,213 shares of the software giant’s stock valued at $3,089,000 after acquiring an additional 1,067 shares during the last quarter. Bayesian Capital Management LP boosted its holdings in shares of Microsoft by 60.1% in the fourth quarter. Bayesian Capital Management LP now owns 48,500 shares of the software giant’s stock worth $18,238,000 after buying an additional 18,200 shares during the last quarter. Finally, RNC Capital Management LLC boosted its holdings in shares of Microsoft by 10.4% in the fourth quarter. RNC Capital Management LLC now owns 69,053 shares of the software giant’s stock worth $25,967,000 after buying an additional 6,484 shares during the last quarter. 71.13% of the stock is currently owned by institutional investors.

Microsoft Trading Down 0.5 %

Shares of MSFT opened at $446.34 on Wednesday. The company’s fifty day moving average is $418.59 and its 200 day moving average is $405.81. Microsoft Co. has a fifty-two week low of $309.45 and a fifty-two week high of $450.94. The stock has a market capitalization of $3.32 trillion, a PE ratio of 38.64, a P/E/G ratio of 2.37 and a beta of 0.89. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.23 and a current ratio of 1.24.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings results on Thursday, April 25th. The software giant reported $2.94 earnings per share for the quarter, topping the consensus estimate of $2.81 by $0.13. Microsoft had a net margin of 36.43% and a return on equity of 37.54%. The company had revenue of $61.86 billion for the quarter, compared to analysts’ expectations of $60.86 billion. During the same quarter in the previous year, the business posted $2.45 earnings per share. Microsoft’s quarterly revenue was up 17.0% on a year-over-year basis. Sell-side analysts expect that Microsoft Co. will post 11.77 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, September 12th. Investors of record on Thursday, August 15th will be given a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 0.67%. The ex-dividend date of this dividend is Thursday, August 15th. Microsoft’s dividend payout ratio is presently 25.97%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on MSFT. Royal Bank of Canada reissued an “outperform” rating and issued a $500.00 price objective on shares of Microsoft in a report on Friday, May 24th. New Street Research began coverage on shares of Microsoft in a report on Monday, June 10th. They issued a “buy” rating and a $570.00 price objective on the stock. Raymond James reissued an “outperform” rating and issued a $480.00 price objective (up previously from $450.00) on shares of Microsoft in a report on Friday, April 26th. Stifel Nicolaus reissued a “buy” rating and issued a $455.00 price objective on shares of Microsoft in a report on Monday, April 22nd. Finally, The Goldman Sachs Group raised their price objective on shares of Microsoft from $450.00 to $515.00 and gave the stock a “buy” rating in a report on Friday, April 26th. Three research analysts have rated the stock with a hold rating and thirty-three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $465.83.

Insider Buying and Selling

In related news, EVP Judson Althoff sold 25,000 shares of the business’s stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $425.68, for a total value of $10,642,000.00. Following the sale, the executive vice president now owns 104,949 shares in the company, valued at $44,674,690.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Microsoft news, CMO Takeshi Numoto sold 244 shares of Microsoft stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $415.53, for a total transaction of $101,389.32. Following the completion of the transaction, the chief marketing officer now directly owns 47,011 shares of the company’s stock, valued at $19,534,480.83. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Judson Althoff sold 25,000 shares of Microsoft stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $425.68, for a total transaction of $10,642,000.00. Following the transaction, the executive vice president now directly owns 104,949 shares of the company’s stock, valued at $44,674,690.32. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 25,566 shares of company stock worth $10,877,535. Insiders own 0.03% of the company’s stock.

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.