2 weeks Ago By ABMN Staff
Hoge Financial Services LLC increased its stake in shares of Microsoft Co. ( NASDAQ:MSFT – Free Report ) by 33.4% in the 4th quarter, Holdings Channel.
com reports. The firm owned 4,829 shares of the software giant’s stock after purchasing an additional 1,208 shares during the period. Microsoft makes up 1.
5% of Hoge Financial Services LLC’s portfolio, making the stock its 15th largest holding. Hoge Financial Services LLC’s holdings in Microsoft were worth $2,035,000 at the end of the most recent reporting period. A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company.
Assenagon Asset Management S.A. lifted its holdings 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 acquiring an additional 4,568,539 shares during the period. Geode Capital Management LLC increased its holdings in shares of Microsoft by 2.0% in the 3rd 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 in the last quarter. Baillie Gifford & Co. lifted its stake in shares of Microsoft by 46.
1% in the third quarter. Baillie Gifford & Co. now owns 7,048,244 shares of the software giant’s stock valued at $3,032,859,000 after purchasing an additional 2,222,483 shares during the period.
UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Microsoft by 4.1% during the third 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 worth $23,490,417,000 after buying an additional 2,125,030 shares in the last quarter.
Finally, Strategic Financial Concepts LLC grew its position in 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 worth $860,913,000 after buying an additional 2,037,857 shares during the period.
71.13% of the stock is currently owned by hedge funds and other institutional investors. Analyst Ratings Changes Several brokerages have recently commented on MSFT.
Cantor Fitzgerald reissued an “overweight” rating and set a $509.00 price target on shares of Microsoft in a research note on Wednesday, January 29th. Loop Capital upped their target price on Microsoft from $500.
00 to $550.00 and gave the company a “buy” rating in a report on Monday, December 23rd. Bank of America cut their price target on Microsoft from $510.
00 to $480.00 and set a “buy” rating for the company in a research note on Tuesday, April 15th. Scotiabank began coverage on shares of Microsoft in a report on Thursday, March 20th.
They set a “sector outperform” rating and a $470.00 target price for the company. Finally, KeyCorp restated a “sector weight” rating on shares of Microsoft in a research report 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, the company currently has a consensus rating of “Moderate Buy” and an average price target of $499.97.
Microsoft Stock Performance Microsoft stock opened at $367.78 on Friday. 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 12 month low of $344.79 and a 12 month high of $468.
35. The company has a market cap 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 stock’s 50-day moving average is $388.25 and its 200-day moving average is $412.73.
Microsoft ( NASDAQ:MSFT – Get Free Report ) last posted its earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share for the quarter, beating the consensus estimate 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 last year, the business posted $2.
93 EPS. Equities analysts anticipate that Microsoft Co. will post 13.
08 earnings per share for the current year. Microsoft Dividend Announcement The company 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 dividend of $0.
83 per share. 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 0.90%. Microsoft’s dividend payout ratio 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.
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