Hopwood Financial Services Inc. bought a new position in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 6,248 shares of the software giant's stock, valued at approximately $2,634,000. Microsoft comprises 2.0% of Hopwood Financial Services Inc.'s investment portfolio, making the stock its 13th largest position.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Proficio Capital Partners LLC grew its stake in shares of Microsoft by 34,643.3% during the fourth 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. lifted its holdings in Microsoft by 76.6% during the 4th quarter. Assenagon Asset Management S.A. now owns 10,532,402 shares of the software giant's stock worth $4,439,407,000 after buying an additional 4,568,539 shares in the last quarter. Geode Capital Management LLC boosted its position 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 buying an additional 3,264,648 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in 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 buying an additional 2,125,030 shares during the last quarter. Finally, Strategic Financial Concepts LLC increased its stake in shares of Microsoft by 43,900.4% in the 4th quarter. Strategic Financial Concepts LLC now owns 2,042,499 shares of the software giant's stock valued at $860,913,000 after buying an additional 2,037,857 shares during the period. 71.13% of the stock is currently owned by institutional investors and hedge funds.
Microsoft Price Performance
Shares of MSFT stock traded down $0.70 during trading on Tuesday, hitting $458.17. The company had a trading volume of 15,422,215 shares, compared to its average volume of 21,538,085. The stock's 50-day moving average price is $396.84 and its 200 day moving average price is $412.71. Microsoft Co. has a one year low of $344.79 and a one year high of $468.35. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.34 and a current ratio of 1.35. The firm has a market capitalization of $3.41 trillion, a P/E ratio of 36.89, a price-to-earnings-growth ratio of 2.21 and a beta of 0.99.
Microsoft (NASDAQ:MSFT - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The software giant reported $3.46 EPS for the quarter, beating analysts' consensus estimates of $3.22 by $0.24. The business had revenue of $70.07 billion during the quarter, compared to the consensus estimate of $68.54 billion. Microsoft had a return on equity of 33.36% and a net margin of 35.43%. Microsoft's revenue for the quarter was up 13.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.94 earnings per share. Equities analysts expect that Microsoft Co. will post 13.08 EPS for the current fiscal year.
Microsoft Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 15th will be paid a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date is Thursday, May 15th. Microsoft's payout ratio is 25.66%.
Analysts Set New Price Targets
MSFT has been the topic of several recent research reports. Westpark Capital reiterated a "hold" rating on shares of Microsoft in a report on Thursday, May 1st. Tigress Financial upped their target price on shares of Microsoft from $550.00 to $595.00 and gave the company a "buy" rating in a research report on Thursday, March 20th. Cantor Fitzgerald lifted their price target on shares of Microsoft from $502.00 to $512.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st. BMO Capital Markets boosted their price target on shares of Microsoft from $470.00 to $485.00 and gave the stock an "outperform" rating in a research note on Thursday, May 1st. Finally, Barclays increased their price objective on shares of Microsoft from $430.00 to $494.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. Five analysts have rated the stock with a hold rating and thirty have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $510.30.
View Our Latest Stock Report on MSFT
Insider Transactions at Microsoft
In other Microsoft news, insider Bradford L. Smith sold 6,000 shares of Microsoft stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $433.17, for a total value of $2,599,020.00. Following the completion of the sale, the insider now directly owns 471,036 shares in the company, valued at approximately $204,038,664.12. The trade was a 1.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Judson Althoff sold 16,000 shares of the firm's stock in a transaction that occurred on Monday, May 19th. The stock was sold at an average price of $458.18, for a total transaction of $7,330,880.00. Following the sale, the executive vice president now directly owns 98,010 shares of the company's stock, valued at approximately $44,906,221.80. This trade represents a 14.03% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 110,243 shares of company stock worth $48,619,618. Insiders own 0.03% of the company's stock.
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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