Mirabaud Asset Management Ltd Buys 3,324 Shares of Microsoft Co. (NASDAQ:MSFT)

Mirabaud Asset Management Ltd grew its stake in Microsoft Co. (NASDAQ:MSFT - Free Report) by 8.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 41,924 shares of the software giant's stock after purchasing an additional 3,324 shares during the quarter. Microsoft makes up approximately 8.3% of Mirabaud Asset Management Ltd's holdings, making the stock its biggest holding. Mirabaud Asset Management Ltd's holdings in Microsoft were worth $17,811,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in MSFT. Adamsbrown Wealth Consultants LLC boosted its stake in Microsoft by 2.2% during the 4th quarter. Adamsbrown Wealth Consultants LLC now owns 5,967 shares of the software giant's stock valued at $2,515,000 after purchasing an additional 130 shares in the last quarter. Mcdaniel Terry & Co. lifted its stake in Microsoft by 6.1% during the fourth quarter. Mcdaniel Terry & Co. now owns 315,594 shares of the software giant's stock valued at $133,023,000 after buying an additional 18,052 shares in the last quarter. 1900 Wealth Management LLC increased its position in shares of Microsoft by 3.0% in the fourth quarter. 1900 Wealth Management LLC now owns 10,140 shares of the software giant's stock worth $4,274,000 after acquiring an additional 294 shares in the last quarter. Strategic Financial Services Inc. grew its position in Microsoft by 7.8% during the 4th quarter. Strategic Financial Services Inc. now owns 17,426 shares of the software giant's stock worth $7,345,000 after purchasing an additional 1,268 shares in the last quarter. Finally, Elevate Wealth Advisory Inc. raised its stake in Microsoft by 147.9% during the 4th quarter. Elevate Wealth Advisory Inc. now owns 1,748 shares of the software giant's stock valued at $737,000 after purchasing an additional 1,043 shares during the period. Institutional investors and hedge funds own 71.13% of the company's stock.

Microsoft Price Performance

Shares of Microsoft stock traded up $6.25 during midday trading on Thursday, hitting $478.87. 18,905,074 shares of the company were exchanged, compared to its average volume of 21,507,291. The firm has a market cap of $3.56 trillion, a P/E ratio of 38.56, a PEG ratio of 2.21 and a beta of 1.03. The firm has a 50 day simple moving average of $423.22 and a 200-day simple moving average of $417.84. Microsoft Co. has a 52 week low of $344.79 and a 52 week high of $480.37. 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 (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 during the quarter, compared to analysts' expectations of $68.54 billion. During the same quarter last year, the company posted $2.94 EPS. The firm's revenue for the quarter was up 13.3% on a year-over-year basis. Research analysts forecast that Microsoft Co. will post 13.08 earnings per share for the current year.

Microsoft Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Thursday, August 21st will be given a $0.83 dividend. The ex-dividend date of this dividend is Thursday, August 21st. This represents a $3.32 annualized dividend and a yield of 0.69%. Microsoft's payout ratio is 25.66%.

Insider Transactions at Microsoft

In related news, insider Bradford L. Smith sold 75,000 shares of the company's stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $436.05, for a total transaction of $32,703,750.00. Following the transaction, the insider now owns 476,999 shares in the company, valued at $207,995,413.95. This represents a 13.59% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Amy Coleman sold 13,243 shares of the firm's stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $452.01, for a total transaction of $5,985,968.43. Following the completion of the sale, the executive vice president now owns 43,100 shares of the company's stock, valued at $19,481,631. The trade was a 23.50% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 135,743 shares of company stock worth $60,224,683. Insiders own 0.03% of the company's stock.

Analyst Ratings Changes

MSFT has been the topic of a number of research analyst reports. Stifel Nicolaus lifted their price target on Microsoft from $475.00 to $500.00 and gave the company a "buy" rating in a report on Thursday, May 1st. UBS Group cut their target price on shares of Microsoft from $510.00 to $480.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Mizuho upped their price target on shares of Microsoft from $475.00 to $500.00 and gave the stock an "outperform" rating in a research note on Thursday, May 1st. The Goldman Sachs Group lifted their price objective on Microsoft from $480.00 to $550.00 and gave the company a "buy" rating in a research report on Wednesday, May 21st. Finally, Morgan Stanley reaffirmed an "overweight" rating on shares of Microsoft in a research note on Wednesday, June 4th. Four research analysts have rated the stock with a hold rating and thirty have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $513.89.

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.