CarsonAllaria Wealth Management Ltd. lessened its stake in shares of Microsoft Co. (NASDAQ:MSFT – Free Report) by 0.8% during the 4th quarter, HoldingsChannel.com reports. The fund owned 4,936 shares of the software giant’s stock after selling 41 shares during the period. Microsoft accounts for about 1.2% of CarsonAllaria Wealth Management Ltd.’s holdings, making the stock its 21st biggest holding. CarsonAllaria Wealth Management Ltd.’s holdings in Microsoft were worth $2,081,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also bought and sold shares of MSFT. International Assets Investment Management LLC lifted its stake in Microsoft by 48,526.1% in the third quarter. International Assets Investment Management LLC now owns 38,501,645 shares of the software giant’s stock valued at $16,567,258,000 after acquiring an additional 38,422,466 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of 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 purchasing an additional 4,568,539 shares during the period. Geode Capital Management LLC lifted its stake in 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 during the last quarter. Baillie Gifford & Co. grew its holdings in Microsoft by 46.1% during the third quarter. Baillie Gifford & Co. now owns 7,048,244 shares of the software giant’s stock worth $3,032,859,000 after purchasing an additional 2,222,483 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position 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 during the last quarter. Institutional investors own 71.13% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of analysts have recently issued reports on MSFT shares. Tigress Financial raised their price objective on Microsoft from $550.00 to $595.00 and gave the company a “buy” rating in a research report on Thursday, March 20th. StockNews.com cut shares of Microsoft from a “buy” rating to a “hold” rating in a research report on Friday, February 28th. Wedbush reissued an “outperform” rating and issued a $550.00 price objective on shares of Microsoft in a research report on Thursday, March 20th. Mizuho reduced their target price on shares of Microsoft from $510.00 to $500.00 and set an “outperform” rating for the company in a report on Thursday, January 30th. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $509.00 price objective on shares of Microsoft in a research report on Wednesday, January 29th. Three research analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company. According to MarketBeat.com, Microsoft currently has an average rating of “Moderate Buy” and a consensus target price of $508.86.
Get Our Latest Stock Analysis on Microsoft
Microsoft Stock Performance
Shares of NASDAQ:MSFT opened at $375.39 on Tuesday. Microsoft Co. has a 1 year low of $367.24 and a 1 year high of $468.35. The stock has a market capitalization of $2.79 trillion, a price-to-earnings ratio of 30.22, a price-to-earnings-growth ratio of 2.21 and a beta of 0.92. 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 company’s 50 day simple moving average is $404.45 and its 200 day simple moving average is $418.77.
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 period last year, the firm earned $2.93 EPS. As a group, research analysts predict that Microsoft Co. will post 13.08 EPS for the current fiscal year.
Microsoft Dividend Announcement
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 given a $0.83 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.32 dividend on an annualized basis and a yield of 0.88%. Microsoft’s dividend payout ratio is currently 26.73%.
Microsoft Profile
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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