2 weeks Ago By Defense World Staff
State of New Jersey Common Pension Fund D lowered its stake in shares of Microsoft Co. (NASDAQ:MSFT – Free Report) by 0.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission.
The institutional investor owned 2,590,134 shares of the software giant’s stock after selling 6,412 shares during the period. Microsoft accounts for 4.4% of State of New Jersey Common Pension Fund D’s holdings, making the stock its 3rd biggest position.
State of New Jersey Common Pension Fund D’s holdings in Microsoft were worth $1,091,741,000 as of its most recent filing with the Securities & Exchange Commission. Other hedge funds and other institutional investors also recently modified their holdings of the company. Assenagon Asset Management S.
A. raised its stake in Microsoft by 76.6% in the 4th 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 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. raised its position 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 lifted its stake in shares of 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 worth $23,490,417,000 after buying an additional 2,125,030 shares during the last quarter. 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 worth $860,913,000 after buying an additional 2,037,857 shares during the period. Institutional investors own 71.
13% of the company’s stock. Microsoft Stock PerformanceShares of Microsoft stock opened at $367.78 on Friday.
The company’s 50 day moving average price is $388.25 and its two-hundred day moving average price is $412.73.
The firm has a market capitalization of $2.73 trillion, a P/E ratio of 29.61, a P/E/G ratio of 2.
21 and a beta of 1.00. Microsoft Co.
has a fifty-two week low of $344.79 and a fifty-two week high of $468.35.
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 (NASDAQ:MSFT – Get Free Report) last released its quarterly earnings data 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 return on equity of 33.36% and a net margin of 35.43%.
During the same quarter in the prior year, the business posted $2.93 EPS. On average, equities analysts forecast that Microsoft Co.
will post 13.08 earnings per share for the current fiscal year. Microsoft Dividend AnnouncementThe firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th.
Investors of record on Thursday, May 15th will be issued a $0.83 dividend. The ex-dividend date is Thursday, May 15th.
This represents a $3.32 dividend on an annualized basis and a yield of 0.90%.
Microsoft’s dividend payout ratio (DPR) is presently 26.73%. Analyst Upgrades and DowngradesMSFT has been the subject of several research reports.
DA Davidson upgraded shares of Microsoft from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $425.00 to $450.00 in a research report on Thursday, March 13th.
Cantor Fitzgerald reissued an “overweight” rating and set a $509.00 price target on shares of Microsoft in a report on Wednesday, January 29th. UBS Group decreased their price objective on Microsoft from $510.
00 to $480.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Bank of America dropped their target price on Microsoft from $510.
00 to $480.00 and set a “buy” rating for the company in a report on Tuesday, April 15th. Finally, Guggenheim restated a “neutral” rating on shares of Microsoft in a research note on Friday, January 24th.
Five investment 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 stock has a consensus rating of “Moderate Buy” and an average target price of $499.
97.Read Our Latest Stock Analysis on MicrosoftMicrosoft 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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