2 weeks Ago By Defense World Staff
FengHe Fund Management Pte. Ltd. raised its stake in Microsoft Co.
(NASDAQ:MSFT – Free Report) by 52.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 17,700 shares of the software giant’s stock after acquiring an additional 6,100 shares during the quarter.
Microsoft makes up approximately 2.2% of FengHe Fund Management Pte. Ltd.
’s investment portfolio, making the stock its 10th largest position. FengHe Fund Management Pte. Ltd.
’s holdings in Microsoft were worth $7,461,000 at the end of the most recent reporting period. Other hedge funds have also bought and sold shares of the company. BCK Partners Inc.
raised its holdings in shares of Microsoft by 1.8% in the third quarter. BCK Partners Inc.
now owns 1,353 shares of the software giant’s stock valued at $582,000 after buying an additional 24 shares during the last quarter. Muirfield Wealth Advisors LLC lifted its position in Microsoft by 0.5% in the fourth quarter.
Muirfield Wealth Advisors LLC now owns 4,427 shares of the software giant’s stock valued at $1,866,000 after purchasing an additional 24 shares during the period. Sequent Asset Management LLC increased its position in Microsoft by 1.3% during the 3rd quarter.
Sequent Asset Management LLC now owns 1,983 shares of the software giant’s stock worth $853,000 after purchasing an additional 25 shares during the period. Cypress Point Wealth Management LLC raised its stake in shares of Microsoft by 0.8% during the 3rd quarter.
Cypress Point Wealth Management LLC now owns 3,208 shares of the software giant’s stock worth $1,380,000 after buying an additional 25 shares in the last quarter. Finally, Riverstone Advisors LLC boosted its stake in shares of Microsoft by 0.6% in the third quarter.
Riverstone Advisors LLC now owns 4,510 shares of the software giant’s stock valued at $1,941,000 after buying an additional 25 shares in the last quarter. Hedge funds and other institutional investors own 71.13% of the company’s stock.
Microsoft Price PerformanceMSFT opened at $367.78 on Friday. The company has a fifty day simple moving average of $388.
25 and a 200 day simple moving average of $412.73. The company has a current ratio of 1.
35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.13.
The firm has a market cap of $2.73 trillion, a price-to-earnings ratio of 29.61, a PEG ratio of 2.
21 and a beta of 1.00. Microsoft Co.
has a twelve month low of $344.79 and a twelve month high of $468.35.
Microsoft (NASDAQ:MSFT – Get Free Report) last issued its quarterly earnings data on Wednesday, January 29th. The software giant reported $3.23 earnings per share for the quarter, beating analysts’ consensus estimates of $3.
15 by $0.08. Microsoft had a return on equity of 33.
36% and a net margin of 35.43%. During the same quarter last year, the firm posted $2.
93 earnings per share. Equities research analysts expect that Microsoft Co. will post 13.
08 EPS for the current fiscal year. Microsoft Announces DividendThe business also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Thursday, May 15th will be paid a $0.
83 dividend. The ex-dividend date is Thursday, May 15th. This represents a $3.
32 dividend on an annualized basis and a dividend yield of 0.90%. Microsoft’s dividend payout ratio (DPR) is presently 26.
73%. Wall Street Analysts Forecast GrowthMSFT has been the topic of a number of recent analyst reports. DA Davidson raised shares of Microsoft from a “neutral” rating to a “buy” rating and upped their price target for the stock from $425.
00 to $450.00 in a research note on Thursday, March 13th. BMO Capital Markets reduced their price target on shares of Microsoft from $490.
00 to $470.00 and set an “outperform” rating for the company in a research report on Wednesday. Guggenheim reaffirmed a “neutral” rating on shares of Microsoft in a research note on Friday, January 24th.
Mizuho dropped their target price on shares of Microsoft from $510.00 to $500.00 and set an “outperform” rating for the company in a report on Thursday, January 30th.
Finally, KeyCorp reissued a “sector weight” rating on shares of Microsoft in a research note on Thursday. Five equities research analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company. According to data from MarketBeat.
com, the stock currently has an average rating of “Moderate Buy” and an average price target of $499.97.View Our Latest Analysis on MicrosoftAbout Microsoft (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.Further ReadingFive stocks we like better than MicrosoftUsing the MarketBeat Dividend Tax CalculatorJ.B.
Hunt Transport Overcorrects Into a Buying OpportunityWhat is the FTSE 100 index? AppLovin: Can Record Profits Overcome Market Skepticism?Investing in Construction StocksMarketBeat Week in Review – 04/14 – 04/18Want to see what other hedge funds are holding MSFT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Microsoft Co. (NASDAQ:MSFT – Free Report).
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