Nemes Rush Group LLC Acquires 2,342 Shares of Microsoft Co. (NASDAQ:MSFT)

Nemes Rush Group LLC increased its position in Microsoft Co. (NASDAQ:MSFT - Free Report) by 3.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 78,561 shares of the software giant's stock after purchasing an additional 2,342 shares during the quarter. Microsoft makes up about 4.1% of Nemes Rush Group LLC's portfolio, making the stock its 3rd biggest position. Nemes Rush Group LLC's holdings in Microsoft were worth $33,114,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Norges Bank bought a new stake in Microsoft during the 4th quarter valued at $44,343,058,000. Proficio Capital Partners LLC boosted its position 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 worth $7,096,913,000 after purchasing an additional 16,788,816 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Microsoft by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 684,071,705 shares of the software giant's stock worth $288,336,224,000 after purchasing an additional 10,431,988 shares in the last quarter. Assenagon Asset Management S.A. boosted its position 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 worth $4,439,407,000 after purchasing an additional 4,568,539 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Microsoft by 2.0% in the 3rd 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. Institutional investors own 71.13% of the company's stock.

Analyst Ratings Changes

MSFT has been the subject of a number of recent analyst reports. UBS Group lowered their price objective on Microsoft from $510.00 to $480.00 and set a "buy" rating for the company in a research report on Monday, April 14th. The Goldman Sachs Group raised their target price on Microsoft from $480.00 to $550.00 and gave the stock a "buy" rating in a research note on Wednesday, May 21st. Wedbush restated an "outperform" rating on shares of Microsoft in a research note on Wednesday, May 21st. Morgan Stanley restated an "overweight" rating on shares of Microsoft in a research note on Wednesday. Finally, Barclays raised their target price on Microsoft from $430.00 to $494.00 and gave the stock an "overweight" rating in a research note on Thursday, May 1st. Four analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $513.59.

Insider Buying and Selling

In other news, EVP Amy Coleman sold 13,243 shares of the business's stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $452.01, for a total transaction of $5,985,968.43. Following the transaction, the executive vice president now directly owns 43,100 shares in the company, valued at $19,481,631. The trade was a 23.50% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Bradford L. Smith sold 75,000 shares of the business's 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 transaction, the insider now owns 476,999 shares in the company, valued at approximately $207,995,413.95. This represents a 13.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 135,743 shares of company stock worth $60,224,683. Insiders own 0.03% of the company's stock.

Microsoft Price Performance

MSFT stock traded up $2.70 during trading on Friday, hitting $470.38. The stock had a trading volume of 15,271,762 shares, compared to its average volume of 21,523,496. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.34. Microsoft Co. has a twelve month low of $344.79 and a twelve month high of $473.34. The stock has a market capitalization of $3.50 trillion, a P/E ratio of 37.87, a PEG ratio of 2.21 and a beta of 1.03. The company's 50-day moving average price is $417.20 and its two-hundred day moving average price is $416.67.

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 (EPS) for the quarter, topping the consensus estimate of $3.22 by $0.24. Microsoft had a return on equity of 33.36% and a net margin of 35.43%. The company had revenue of $70.07 billion for the quarter, compared to analysts' expectations of $68.54 billion. During the same period in the previous year, the firm posted $2.94 EPS. Microsoft's revenue was up 13.3% compared to the same quarter last year. As a group, research analysts predict that Microsoft Co. will post 13.08 EPS for the current fiscal year.

Microsoft Announces Dividend

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 0.71%. The ex-dividend date of this dividend is Thursday, May 15th. Microsoft's payout ratio is 25.66%.

About Microsoft

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.