Global View Capital Management LLC bought a new stake in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 780 shares of the software giant's stock, valued at approximately $326,000.
A number of other hedge funds have also recently made changes to their positions in MSFT. Adamsbrown Wealth Consultants LLC raised its holdings in shares of Microsoft by 2.2% in the fourth quarter. Adamsbrown Wealth Consultants LLC now owns 5,967 shares of the software giant's stock valued at $2,515,000 after acquiring an additional 130 shares in the last quarter. Mcdaniel Terry & Co. increased its position in Microsoft by 6.1% during the 4th quarter. Mcdaniel Terry & Co. now owns 315,594 shares of the software giant's stock valued at $133,023,000 after purchasing an additional 18,052 shares during the period. Centric Wealth Management raised its holdings in shares of Microsoft by 0.7% in the 3rd quarter. Centric Wealth Management now owns 16,156 shares of the software giant's stock valued at $6,789,000 after purchasing an additional 112 shares in the last quarter. 1900 Wealth Management LLC lifted its position in shares of Microsoft by 3.0% in the 4th quarter. 1900 Wealth Management LLC now owns 10,140 shares of the software giant's stock worth $4,274,000 after purchasing an additional 294 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its stake in shares of Microsoft by 2.4% during the third quarter. The Manufacturers Life Insurance Company now owns 9,250,128 shares of the software giant's stock valued at $3,980,299,000 after purchasing an additional 217,509 shares in the last quarter. 71.13% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
A number of research firms have weighed in on MSFT. Wedbush upped their target price on Microsoft from $475.00 to $515.00 and gave the stock an "outperform" rating in a report on Thursday, May 1st. Tigress Financial upped their price objective on Microsoft from $550.00 to $595.00 and gave the stock a "buy" rating in a research note on Thursday, March 20th. TD Securities lifted their target price on Microsoft from $475.00 to $490.00 and gave the company a "buy" rating in a research note on Thursday, May 1st. Morgan Stanley increased their price target on shares of Microsoft from $472.00 to $482.00 and gave the company an "overweight" rating in a research report on Thursday, May 1st. Finally, Scotiabank lifted their price objective on shares of Microsoft from $470.00 to $500.00 and gave the stock a "sector outperform" rating in a research report on Thursday, May 1st. Five investment analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $510.30.
Read Our Latest Stock Report on Microsoft
Insiders Place Their Bets
In other news, insider Bradford L. Smith sold 75,000 shares of Microsoft stock in a transaction that occurred on 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 sale, the insider now directly owns 476,999 shares of the company's stock, valued at $207,995,413.95. The trade was a 13.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Amy Coleman sold 13,243 shares of the stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $452.01, for a total value of $5,985,968.43. Following the completion of the transaction, the executive vice president now directly owns 43,100 shares of the company's stock, valued at approximately $19,481,631. This represents a 23.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 94,243 shares of company stock worth $41,288,738. Corporate insiders own 0.03% of the company's stock.
Microsoft Price Performance
MSFT traded up $4.60 during trading on Monday, hitting $458.87. The company's stock had a trading volume of 21,313,890 shares, compared to its average volume of 21,562,400. Microsoft Co. has a twelve month low of $344.79 and a twelve month high of $468.35. The firm has a market capitalization of $3.41 trillion, a price-to-earnings ratio of 36.95, a P/E/G ratio of 2.21 and a beta of 0.99. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.13. The business's fifty day simple moving average is $395.33 and its 200 day simple moving average is $412.34.
Microsoft (NASDAQ:MSFT - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The software giant reported $3.46 earnings per share 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 company had revenue of $70.07 billion during the quarter, compared to analysts' expectations of $68.54 billion. During the same period in the prior year, the business posted $2.94 earnings per share. The firm's revenue for the quarter was up 13.3% on a year-over-year basis. On average, equities research analysts forecast that Microsoft Co. will post 13.08 EPS for the current fiscal year.
Microsoft Dividend Announcement
The company 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. This represents a $3.32 annualized dividend and a yield of 0.72%. The ex-dividend date of this dividend is Thursday, May 15th. Microsoft's payout ratio is 25.66%.
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.
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