Diversified Trust Co Has $92.72 Million Holdings in Microsoft Co. (NASDAQ:MSFT)

Diversified Trust Co increased its stake in Microsoft Co. (NASDAQ:MSFT - Free Report) by 16.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 215,466 shares of the software giant's stock after acquiring an additional 30,553 shares during the period. Microsoft makes up approximately 2.3% of Diversified Trust Co's investment portfolio, making the stock its 10th biggest position. Diversified Trust Co's holdings in Microsoft were worth $92,715,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. WealthBridge Capital Management LLC boosted its holdings in shares of Microsoft by 10.2% in the third quarter. WealthBridge Capital Management LLC now owns 12,698 shares of the software giant's stock valued at $5,464,000 after acquiring an additional 1,178 shares in the last quarter. GoalFusion Wealth Management LLC boosted its holdings in shares of Microsoft by 4.3% in the third quarter. GoalFusion Wealth Management LLC now owns 2,203 shares of the software giant's stock valued at $948,000 after acquiring an additional 90 shares in the last quarter. GAMMA Investing LLC lifted its stake in Microsoft by 20.8% during the third quarter. GAMMA Investing LLC now owns 102,403 shares of the software giant's stock valued at $44,064,000 after purchasing an additional 17,605 shares during the last quarter. Handelsbanken Fonder AB lifted its stake in Microsoft by 1.3% during the third quarter. Handelsbanken Fonder AB now owns 3,351,220 shares of the software giant's stock valued at $1,442,030,000 after purchasing an additional 41,589 shares during the last quarter. Finally, waypoint wealth counsel lifted its position in shares of Microsoft by 4.6% in the 3rd quarter. waypoint wealth counsel now owns 15,894 shares of the software giant's stock valued at $6,839,000 after acquiring an additional 696 shares in the last quarter. 71.13% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Microsoft

In other news, CEO Satya Nadella sold 14,398 shares of the company's stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $417.41, for a total transaction of $6,009,869.18. Following the transaction, the chief executive officer now directly owns 786,933 shares in the company, valued at approximately $328,473,703.53. This represents a 1.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Christopher David Young sold 7,200 shares of the company's stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $423.66, for a total transaction of $3,050,352.00. Following the transaction, the executive vice president now owns 103,366 shares in the company, valued at $43,792,039.56. The trade was a 6.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 197,829 shares of company stock worth $80,966,837 over the last ninety days. Corporate insiders own 0.03% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. KeyCorp upped their price target on shares of Microsoft from $490.00 to $505.00 and gave the company an "overweight" rating in a research report on Friday, October 18th. Oppenheimer downgraded shares of Microsoft from an "outperform" rating to a "market perform" rating in a research report on Tuesday, October 8th. TD Cowen reduced their price target on shares of Microsoft from $495.00 to $475.00 and set a "buy" rating for the company in a research report on Thursday, October 31st. DA Davidson downgraded shares of Microsoft from a "buy" rating to a "neutral" rating and set a $475.00 price target for the company. in a research report on Monday, September 23rd. Finally, Citigroup reduced their price target on shares of Microsoft from $500.00 to $497.00 and set a "buy" rating for the company in a research report on Wednesday, October 23rd. Three analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $503.03.

Microsoft Price Performance

Shares of Microsoft stock opened at $415.49 on Thursday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.29 and a current ratio of 1.30. The firm's 50-day simple moving average is $422.46 and its 200-day simple moving average is $426.13. Microsoft Co. has a twelve month low of $362.90 and a twelve month high of $468.35. The firm has a market cap of $3.09 trillion, a P/E ratio of 34.28, a price-to-earnings-growth ratio of 2.21 and a beta of 0.91.

Microsoft (NASDAQ:MSFT - Get Free Report) last released its quarterly earnings results on Wednesday, October 30th. The software giant reported $3.30 EPS for the quarter, beating analysts' consensus estimates of $3.10 by $0.20. The firm had revenue of $65.59 billion for the quarter, compared to analyst estimates of $64.57 billion. Microsoft had a net margin of 35.61% and a return on equity of 34.56%. The company's revenue for the quarter was up 16.0% compared to the same quarter last year. During the same period in the previous year, the business earned $2.99 earnings per share. As a group, research analysts expect that Microsoft Co. will post 12.94 EPS for the current fiscal year.

Microsoft declared that its Board of Directors has initiated a share buyback program on Monday, September 16th that authorizes the company to buyback $60.00 billion in outstanding shares. This buyback authorization authorizes the software giant to repurchase up to 1.9% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's management believes its shares are undervalued.

Microsoft Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st will be given a $0.83 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This is a positive change from Microsoft's previous quarterly dividend of $0.75. This represents a $3.32 dividend on an annualized basis and a yield of 0.80%. Microsoft's payout ratio is 24.75%.

Microsoft Company 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.