2 weeks Ago By ABMN Staff
KLCM Advisors Inc. lessened its stake in shares of Microsoft Co. ( NASDAQ:MSFT – Free Report ) by 16.
8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 16,362 shares of the software giant’s stock after selling 3,300 shares during the quarter. KLCM Advisors Inc.
’s holdings in Microsoft were worth $6,897,000 at the end of the most recent reporting period. Other hedge funds and other institutional investors have also recently modified their holdings of the company. Assenagon Asset Management S.
A. raised its stake in 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 valued at $4,439,407,000 after purchasing an additional 4,568,539 shares in the last quarter.
Geode Capital Management LLC lifted its position in Microsoft by 2.0% in the third quarter. Geode Capital Management LLC now owns 165,024,812 shares of the software giant’s stock valued at $70,790,682,000 after purchasing an additional 3,264,648 shares during the last quarter.
Baillie Gifford & Co. grew 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 acquiring an additional 2,222,483 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings 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 purchasing an additional 2,125,030 shares during the period. Finally, Strategic Financial Concepts LLC raised its holdings in shares of Microsoft by 43,900.
4% during the fourth 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 in the last quarter. 71.
13% of the stock is currently owned by institutional investors. Analyst Upgrades and Downgrades A number of research firms have weighed in on MSFT. KeyCorp reiterated a “sector weight” rating on shares of Microsoft in a report on Thursday.
Morgan Stanley cut their price target on Microsoft from $530.00 to $472.00 and set an “overweight” rating on the stock in a research note on Wednesday.
Tigress Financial lifted their price objective on Microsoft from $550.00 to $595.00 and gave the company a “buy” rating in a research note on Thursday, March 20th.
Jefferies Financial Group reissued a “buy” rating and issued a $475.00 target price (down from $500.00) on shares of Microsoft in a research note on Monday, April 7th.
Finally, BMO Capital Markets lowered their price target on Microsoft from $490.00 to $470.00 and set an “outperform” rating for the company in a research report on Wednesday.
Five equities research analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $499.
97. Microsoft Stock Performance Shares of NASDAQ MSFT opened at $367.78 on Friday.
Microsoft Co. has a 12-month low of $344.79 and a 12-month high of $468.
35. The firm has a market capitalization of $2.73 trillion, a price-to-earnings ratio of 29.
61, a price-to-earnings-growth ratio of 2.21 and a beta of 1.00.
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 50 day moving average of $388.25 and a 200 day moving average of $412.
73. 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 (EPS) for the quarter, beating analysts’ consensus estimates of $3.15 by $0.08.
Microsoft had a net margin of 35.43% and a return on equity of 33.36%.
During the same quarter in the prior year, the business posted $2.93 earnings per share. On average, research analysts anticipate that Microsoft Co.
will post 13.08 earnings per share for the current year. Microsoft Dividend Announcement The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th.
Stockholders of record on Thursday, May 15th will be paid a $0.83 dividend. This represents a $3.
32 annualized dividend and a dividend yield of 0.90%. The ex-dividend date is Thursday, May 15th.
Microsoft’s dividend payout ratio (DPR) is currently 26.73%. 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 Articles Want to see what other hedge funds are holding MSFT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Microsoft Co.
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