Cardano Risk Management B.V. holds $929.92 million stake in Microsoft Co.
Cardano Risk Management B.V. has significantly increased its investment in Microsoft Co. (NASDAQ: MSFT) by 3.5% during the third quarter, based on its recent Form 13F filing with the SEC. The firm now owns 2,161,101 shares of Microsoft, representing about 16.4% of Cardano Risk Management B.V.’s total portfolio, making it their largest holding. The total value of their stake in Microsoft amounts to $929,922,000 as per the most recent SEC filing.
Various other hedge funds and institutional investors have also made adjustments to their holdings of MSFT recently. For instance, First National Bank Sioux Falls added 6,340 shares during the second quarter, while BCK Partners Inc. increased their ownership by 1.8%, and Massachusetts Wealth Management and Deseret Mutual Benefit Administrators each added 0.3% and 0.8%, respectively. Additionally, Conscious Wealth Investments LLC saw a 0.4% increase in their position during the second quarter. Collectively, institutional investors now hold 71.13% of Microsoft’s outstanding shares.
Microsoft’s stock opened at $446.20, showing a 4.1% increase. With a market capitalization of $3.32 trillion, a PE ratio of 36.82, and a beta of 0.90, Microsoft’s stock has consistently performed well, currently boasting a 1-year low of $385.58 and a 1-year high of $468.35. The company’s strong financial position is evident from its debt-to-equity ratio of 0.15, quick ratio of 1.29, and current ratio of 1.30. Moreover, Microsoft’s 50-day simple moving average stands at $429.65, with the 200-day moving average at $425.70.
Microsoft announced impressive earnings results on October 30th, with earnings per share of $3.30 for the quarter, surpassing the consensus estimate by $0.20. The company reported revenue of $65.59 billion, beating analysts’ expectations. Microsoft’s net margin stands at 35.61%, and its return on equity is 34.56%. Analysts predict an earnings per share of 12.92 for the current fiscal year.
Furthermore, Microsoft recently declared a quarterly dividend to be paid on March 13th, with shareholders of record on February 20th receiving a dividend of $0.83 per share. This translates to a $3.32 dividend on an annualized basis, yielding 0.74% with a current payout ratio of 27.39%.
Analyst sentiment on MSFT remains optimistic, with numerous research firms providing positive ratings and price targets. KeyCorp raised their price target to $505.00, while other firms like Royal Bank of Canada, JPMorgan Chase & Co., and Citigroup have maintained buy ratings, emphasizing the company’s growth potential.
In insider trading news, EVP Judson Althoff recently sold 25,000 shares of Microsoft stock, while EVP Christopher David Young sold 7,200 shares. These transactions, although noteworthy, reflect only a small percentage of insider ownership of company stock.
Overall, Microsoft continues to perform strongly, showcasing robust financials and investor confidence, making it a significant investment opportunity for various stakeholders.
