1 week Ago By Defense World Staff
Ipswich Investment Management Co. Inc. trimmed its holdings in shares of Microsoft Co.
( NASDAQ:MSFT – Free Report ) by 0.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 64,644 shares of the software giant’s stock after selling 382 shares during the period.
Microsoft comprises 6.6% of Ipswich Investment Management Co. Inc.
’s investment portfolio, making the stock its biggest holding. Ipswich Investment Management Co. Inc.
’s holdings in Microsoft were worth $27,248,000 as of its most recent SEC filing. Other hedge funds have also modified their holdings of the company. WFA Asset Management Corp increased its position in shares of Microsoft by 27.
0% in the first quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant’s stock valued at $427,000 after buying an additional 216 shares in the last quarter. Ironwood Wealth Management LLC.
lifted its holdings in shares of Microsoft by 0.3% in the second quarter. Ironwood Wealth Management LLC.
now owns 12,658 shares of the software giant’s stock valued at $5,658,000 after purchasing an additional 38 shares in the last quarter. AMF Tjanstepension AB grew its stake in Microsoft by 1.8% in the 3rd quarter.
AMF Tjanstepension AB now owns 2,799,261 shares of the software giant’s stock worth $1,204,664,000 after acquiring an additional 49,735 shares during the period. Discipline Wealth Solutions LLC raised its holdings in Microsoft by 410.4% in the 3rd quarter.
Discipline Wealth Solutions LLC now owns 2,659 shares of the software giant’s stock valued at $1,144,000 after acquiring an additional 2,138 shares during the last quarter. Finally, Swedbank AB lifted its stake in shares of Microsoft by 0.4% during the 3rd quarter.
Swedbank AB now owns 13,689,356 shares of the software giant’s stock worth $5,890,530,000 after purchasing an additional 49,288 shares during the period. 71.13% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets Several equities analysts recently commented on MSFT shares. Barclays dropped their target price on Microsoft from $475.00 to $430.
00 and set an “overweight” rating for the company in a research note on Monday, April 21st. Stifel Nicolaus dropped their price objective on shares of Microsoft from $515.00 to $475.
00 and set a “buy” rating for the company in a research note on Friday, March 7th. Wells Fargo & Company decreased their target price on shares of Microsoft from $515.00 to $500.
00 and set an “overweight” rating on the stock in a research report on Monday, April 14th. Wedbush cut their price target on shares of Microsoft from $550.00 to $475.
00 and set an “outperform” rating on the stock in a research note on Thursday, April 10th. Finally, The Goldman Sachs Group lowered their price objective on shares of Microsoft from $500.00 to $450.
00 and set a “buy” rating for the company in a research note on Thursday. Five research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company’s stock. According to data from MarketBeat.
com, Microsoft currently has a consensus rating of “Moderate Buy” and an average price target of $493.89. Microsoft Stock Performance NASDAQ:MSFT opened at $391.
85 on Friday. Microsoft Co. has a 1-year low of $344.
79 and a 1-year high of $468.35. The stock has a market cap of $2.
91 trillion, a P/E 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. The firm has a 50-day moving average of $384.
93 and a two-hundred day moving average of $411.39. Microsoft ( NASDAQ:MSFT – Get Free Report ) last announced its earnings results 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 return on equity of 33.36% and a net margin of 35.
43%. During the same period last year, the business posted $2.93 EPS.
On average, research analysts expect that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.
Microsoft Dividend Announcement The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Thursday, May 15th will be issued a dividend of $0.83 per share.
This represents a $3.32 annualized dividend and a yield of 0.85%.
The ex-dividend date of this dividend is Thursday, May 15th. Microsoft’s dividend payout ratio is currently 26.73%.
About 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. Featured Stories Five stocks we like better than Microsoft Following Congress Stock Trades Markets Think Robinhood Earnings Could Send the Stock Up How to Invest in the Best Canadian Stocks Churchill Downs Stock: Could Tariff Fears Dampen Derby Gains? What Investors Need to Know About Upcoming IPOs AT&T: Subscriber Growth & Buybacks Signal Bullish Turnaround Receive News & Ratings for Microsoft Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Microsoft and related companies with MarketBeat.
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