Assetmark Inc. Purchases 103,961 Shares of Microsoft Co. (NASDAQ:MSFT)

Assetmark Inc. grew its position in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) by 6.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,663,502 shares of the software giant's stock after buying an additional 103,961 shares during the quarter. Microsoft accounts for approximately 1.9% of Assetmark Inc.'s holdings, making the stock its 8th largest position. Assetmark Inc.'s holdings in Microsoft were worth $701,166,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Proficio Capital Partners LLC lifted its stake in shares of Microsoft by 34,643.3% in the 4th quarter. Proficio Capital Partners LLC now owns 16,837,278 shares of the software giant's stock valued at $7,096,913,000 after purchasing an additional 16,788,816 shares during the last quarter. Assenagon Asset Management S.A. boosted its position 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 buying an additional 4,568,539 shares during the period. Geode Capital Management LLC grew its stake in Microsoft by 2.0% in the third quarter. Geode Capital Management LLC now owns 165,024,812 shares of the software giant's stock worth $70,790,682,000 after purchasing an additional 3,264,648 shares in the last quarter. Baillie Gifford & Co. increased its stake in shares of 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 buying an additional 2,222,483 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings 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 valued at $23,490,417,000 after purchasing an additional 2,125,030 shares in the last quarter. 71.13% of the stock is currently owned by institutional investors.

Insider Activity

In related news, insider Bradford L. Smith sold 75,000 shares of the business's stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $436.05, for a total value of $32,703,750.00. Following the transaction, the insider now owns 476,999 shares in the company, valued at $207,995,413.95. The trade was a 13.59% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 0.03% of the company's stock.

Microsoft Stock Performance

Shares of Microsoft stock traded down $0.12 on Tuesday, hitting $449.14. The stock had a trading volume of 22,927,936 shares, compared to its average volume of 21,468,471. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.13. Microsoft Co. has a 52-week low of $344.79 and a 52-week high of $468.35. The company's 50 day moving average price is $390.16 and its 200 day moving average price is $411.71. The stock has a market cap of $3.34 trillion, a price-to-earnings ratio of 36.16, a P/E/G ratio of 2.21 and a beta of 0.99.

Microsoft (NASDAQ:MSFT - Get Free Report) last announced its earnings results on Wednesday, April 30th. The software giant reported $3.46 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.22 by $0.24. Microsoft had a net margin of 35.43% and a return on equity of 33.36%. The business had revenue of $70.07 billion for the quarter, compared to analyst estimates of $68.54 billion. During the same period last year, the firm posted $2.94 earnings per share. The company's revenue for the quarter was up 13.3% compared to the same quarter last year. On average, research analysts anticipate that Microsoft Co. will post 13.08 EPS for the current year.

Microsoft Announces Dividend

The firm also recently disclosed 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 of this dividend is Thursday, May 15th. This represents a $3.32 dividend on an annualized basis and a yield of 0.74%. Microsoft's dividend payout ratio is presently 25.66%.

Wall Street Analyst Weigh In

MSFT has been the topic of a number of recent research reports. Mizuho raised their price objective on Microsoft from $475.00 to $500.00 and gave the company an "outperform" rating in a research report on Thursday, May 1st. Royal Bank of Canada increased their price objective on Microsoft from $500.00 to $525.00 and gave the company an "outperform" rating in a report on Thursday, May 1st. Wells Fargo & Company boosted their target price on shares of Microsoft from $500.00 to $515.00 and gave the company an "overweight" rating in a research report on Thursday, May 1st. DA Davidson lifted their target price on shares of Microsoft from $450.00 to $500.00 and gave the company a "buy" rating in a report on Thursday, May 1st. Finally, The Goldman Sachs Group lifted their price target on shares of Microsoft from $450.00 to $480.00 and gave the company a "buy" rating in a research note on Thursday, May 1st. Five research analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $507.77.

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.