1 week Ago By ABMN Staff
Bell Bank lifted its stake in Microsoft Co. ( NASDAQ:MSFT – Free Report ) by 2.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC).
The fund owned 35,291 shares of the software giant’s stock after purchasing an additional 1,007 shares during the quarter. Microsoft accounts for approximately 1.1% of Bell Bank’s holdings, making the stock its 11th biggest position.
Bell Bank’s holdings in Microsoft were worth $14,875,000 at the end of the most recent reporting period. A number of other hedge funds also recently bought and sold shares of the company. Assenagon Asset Management S.
A. raised its stake in shares of Microsoft by 76.6% in the fourth quarter.
Assenagon Asset Management S.A. now owns 10,532,402 shares of the software giant’s stock worth $4,439,407,000 after purchasing an additional 4,568,539 shares during the last quarter.
Geode Capital Management LLC increased its holdings in Microsoft by 2.0% in the 3rd quarter. Geode Capital Management LLC now owns 165,024,812 shares of the software giant’s stock worth $70,790,682,000 after buying an additional 3,264,648 shares in the last quarter.
Baillie Gifford & Co. increased its holdings in Microsoft by 46.1% in the 3rd quarter.
Baillie Gifford & Co. now owns 7,048,244 shares of the software giant’s stock worth $3,032,859,000 after buying an additional 2,222,483 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Microsoft by 4.
1% during the 3rd 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 valued at $23,490,417,000 after acquiring an additional 2,125,030 shares during the period. Finally, Strategic Financial Concepts LLC boosted its holdings in shares of Microsoft by 43,900.
4% during the 4th quarter. Strategic Financial Concepts LLC now owns 2,042,499 shares of the software giant’s stock valued at $860,913,000 after acquiring an additional 2,037,857 shares during the last quarter. Institutional investors own 71.
13% of the company’s stock. Microsoft Trading Up 1.2 % MSFT stock opened at $391.
85 on Friday. The company has a market capitalization of $2.91 trillion, a price-to-earnings ratio of 31.
55, a PEG ratio of 2.21 and a beta of 1.00.
The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.
34. Microsoft Co. has a 1-year low of $344.
79 and a 1-year high of $468.35. The business has a 50 day simple moving average of $384.
93 and a two-hundred day simple moving average of $411.39. Microsoft Announces Dividend The company also recently announced a quarterly dividend, which will be paid on Thursday, June 12th.
Investors of record on Thursday, May 15th will be given a $0.83 dividend. The ex-dividend date of this dividend is Thursday, May 15th.
This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.85%.
Microsoft’s dividend payout ratio is currently 26.73%. Analysts Set New Price Targets Several research firms have recently weighed in on MSFT.
Wedbush decreased their price objective on shares of Microsoft from $550.00 to $475.00 and set an “outperform” rating for the company in a report on Thursday, April 10th.
UBS Group decreased their target price on shares of Microsoft from $510.00 to $480.00 and set a “buy” rating for the company in a research note on Monday, April 14th.
StockNews.com cut Microsoft from a “buy” rating to a “hold” rating in a report on Friday, February 28th. Mizuho cut their price objective on Microsoft from $510.
00 to $500.00 and set an “outperform” rating for the company in a report on Thursday, January 30th. Finally, The Goldman Sachs Group lowered their target price on Microsoft from $500.
00 to $450.00 and set a “buy” rating on the stock in a report on Thursday. Five research analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the stock.
Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $493.89.
Get Our Latest Research Report on Microsoft Microsoft Company Profile ( Free Report ) 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. Featured Stories Want to see what other hedge funds are holding MSFT? Visit HoldingsChannel.
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