Cardano Risk Management B.V. holds $929.92 million stake in Microsoft (NASDAQ: MSFT) company.
Cardano Risk Management B.V. has significantly increased its investment in Microsoft Co. by 3.5% during the third quarter, as reported in the latest Form 13F filing with the SEC. The fund now holds 2,161,101 shares of Microsoft’s stock, reflecting an addition of 73,657 shares during the quarter. With Microsoft representing approximately 16.4% of Cardano Risk Management B.V.’s portfolio, it stands as their largest holding, valued at $929,922,000 as of the latest SEC filing.
Apart from Cardano Risk Management B.V., several other hedge funds and institutional investors have made adjustments to their holdings in Microsoft. First National Bank Sioux Falls increased its position in Microsoft by 0.4% during the second quarter, now owning 6,340 shares. Similarly, BCK Partners Inc. and Massachusetts Wealth Management raised their positions by 1.8% and 0.3%, respectively, in the third quarter and the second quarter. Deseret Mutual Benefit Administrators and Conscious Wealth Investments LLC each increased their positions by 0.8% and 0.4% in the second quarter.
Shares of Microsoft were trading at $446.20 on Thursday, reflecting a 4.1% increase. With a market capitalization of $3.32 trillion, Microsoft boasts a PE ratio of 36.82 and a P/E/G ratio of 2.28, demonstrating its robust position in the market. The company’s stock has seen a 1-year low of $385.58 and a high of $468.35, displaying its strong performance range.
Microsoft previously reported its earnings results on October 30th, surpassing expectations with earnings per share standing at $3.30 compared to the estimated $3.10. The company generated revenue of $65.59 billion in the quarter, outperforming analysts’ expected $64.57 billion. Microsoft reported a net margin of 35.61% and a return on equity of 34.56%, with its revenue up by 16.0% year-over-year. Analysts project Microsoft Co. to post earnings per share of 12.92 for the current fiscal year.
In terms of dividends, Microsoft announced a quarterly dividend to be paid on March 13th. Shareholders of record on February 20th will receive a dividend of $0.83 per share, equating to an annualized dividend of $3.32 and a yield of 0.74%. Microsoft’s current payout ratio is 27.39%, solidifying its commitment to rewarding shareholders.
Analysts have expressed positive outlooks on Microsoft, with price target upgrades from firms like KeyCorp, Royal Bank of Canada, and JPMorgan Chase & Co. Citigroup and Morgan Stanley also issued buy ratings for the company, emphasizing its growth potential. With an average target price of $512.66, Microsoft continues to be viewed favorably by analysts and experts in the industry.
