2 weeks Ago By ABMN Staff
GDS Wealth Management boosted its stake in Microsoft Co. ( NASDAQ:MSFT – Free Report ) by 5.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission.
The institutional investor owned 46,039 shares of the software giant’s stock after purchasing an additional 2,358 shares during the quarter. Microsoft comprises approximately 1.8% of GDS Wealth Management’s holdings, making the stock its 17th largest holding.
GDS Wealth Management’s holdings in Microsoft were worth $19,405,000 as of its most recent filing with the Securities & Exchange Commission. Several other hedge funds and other institutional investors have also made changes to their positions in MSFT. International Assets Investment Management LLC raised its holdings in shares of Microsoft by 48,526.
1% during the 3rd quarter. International Assets Investment Management LLC now owns 38,501,645 shares of the software giant’s stock worth $16,567,258,000 after acquiring an additional 38,422,466 shares in the last quarter. Assenagon Asset Management S.
A. increased its position 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 worth $4,439,407,000 after purchasing an additional 4,568,539 shares during the last quarter.
Geode Capital Management LLC raised its stake in Microsoft by 2.0% during 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 in the last quarter.
Baillie Gifford & Co. lifted its position in Microsoft by 46.1% during 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 last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Microsoft by 4.
1% in 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 in the last quarter. Institutional investors own 71.
13% of the company’s stock. Analysts Set New Price Targets A number of brokerages recently commented on MSFT. StockNews.
com downgraded shares of Microsoft from a “buy” rating to a “hold” rating in a report on Friday, February 28th. Guggenheim reaffirmed a “neutral” rating on shares of Microsoft in a research note on Friday, January 24th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $509.
00 target price on shares of Microsoft in a report on Wednesday, January 29th. Stifel Nicolaus decreased their price target on Microsoft from $515.00 to $475.
00 and set a “buy” rating on the stock in a report on Friday, March 7th. Finally, Tigress Financial lifted their price objective on shares of Microsoft from $550.00 to $595.
00 and gave the stock a “buy” rating in a research note on Thursday, March 20th. Three research analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $510.
59. Microsoft Stock Down 3.0 % Shares of Microsoft stock opened at $378.
80 on Friday. Microsoft Co. has a 1 year low of $376.
91 and a 1 year 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.
The stock has a market cap of $2.82 trillion, a price-to-earnings ratio of 30.50, a PEG ratio of 2.
21 and a beta of 0.92. The firm’s 50-day moving average is $405.
52 and its two-hundred day moving average is $419.06. Microsoft ( NASDAQ:MSFT – Get Free Report ) last issued its quarterly earnings data on Wednesday, January 29th.
The software giant reported $3.23 EPS for the quarter, topping 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 period in the prior year, the business earned $2.93 earnings per share.
As a group, research analysts expect that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.
Microsoft Announces Dividend The business also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders 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 annualized dividend and a yield of 0.
88%. Microsoft’s dividend payout ratio (DPR) is presently 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. Further Reading 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. ( NASDAQ:MSFT – Free Report ). 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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