RWQ Financial Management Services Inc. Has $19.14 Million Stake in Microsoft Co. (NASDAQ:MSFT)

RWQ Financial Management Services Inc. lessened its stake in Microsoft Co. (NASDAQ:MSFT - Free Report) by 21.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 45,407 shares of the software giant's stock after selling 12,251 shares during the quarter. Microsoft makes up about 7.5% of RWQ Financial Management Services Inc.'s holdings, making the stock its 6th largest position. RWQ Financial Management Services Inc.'s holdings in Microsoft were worth $19,139,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Geode Capital Management LLC increased its stake 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 grew its stake 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 purchasing an additional 2,125,030 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of Microsoft by 3.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 49,052,704 shares of the software giant's stock valued at $20,675,715,000 after purchasing an additional 1,823,579 shares during the last quarter. Franklin Resources Inc. raised its stake in shares of Microsoft by 1.1% during the 3rd quarter. Franklin Resources Inc. now owns 38,420,657 shares of the software giant's stock worth $16,104,959,000 after purchasing an additional 406,940 shares during the period. Finally, Fisher Asset Management LLC grew its position in Microsoft by 1.2% during the fourth quarter. Fisher Asset Management LLC now owns 28,228,502 shares of the software giant's stock valued at $11,898,314,000 after buying an additional 324,052 shares during the period. Hedge funds and other institutional investors own 71.13% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Jefferies Financial Group lifted their price objective on shares of Microsoft from $475.00 to $550.00 and gave the stock a "buy" rating in a research report on Thursday, May 1st. Citigroup lifted their price target on shares of Microsoft from $480.00 to $540.00 and gave the stock a "buy" rating in a report on Thursday, May 15th. KeyCorp reissued a "sector weight" rating on shares of Microsoft in a report on Thursday, April 17th. Stifel Nicolaus raised their target price on Microsoft from $475.00 to $500.00 and gave the stock a "buy" rating in a research report on Thursday, May 1st. Finally, Mizuho upped their price target on Microsoft from $475.00 to $500.00 and gave the company an "outperform" rating in a research report on Thursday, May 1st. Four analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $513.13.

Insider Transactions at Microsoft

In other Microsoft news, insider Bradford L. Smith sold 6,000 shares of the stock in a transaction on Monday, May 5th. The shares were sold at an average price of $433.17, for a total transaction of $2,599,020.00. Following the completion of the sale, the insider now owns 471,036 shares of the company's stock, valued at $204,038,664.12. This represents a 1.26% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Amy Coleman sold 13,243 shares of the business'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 transaction, the executive vice president now owns 43,100 shares in the company, 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 90 days, insiders have sold 131,743 shares of company stock worth $58,375,673. Insiders own 0.03% of the company's stock.

Microsoft Price Performance

Shares of Microsoft stock traded down $3.33 during trading on Wednesday, hitting $457.36. 16,984,314 shares of the stock traded hands, compared to its average volume of 21,590,918. The firm's fifty day moving average is $405.09 and its 200-day moving average is $414.29. The stock has a market cap of $3.40 trillion, a price-to-earnings ratio of 36.82, a PEG ratio of 2.21 and a beta of 0.99. Microsoft Co. has a 52 week low of $344.79 and a 52 week high of $468.35. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 0.13.

Microsoft (NASDAQ:MSFT - Get Free Report) last announced 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. The firm had revenue of $70.07 billion during the quarter, compared to analyst estimates of $68.54 billion. Microsoft had a net margin of 35.43% and a return on equity of 33.36%. The business's quarterly revenue was up 13.3% on a year-over-year basis. During the same period in the previous year, the business posted $2.94 EPS. Research analysts expect that Microsoft Co. will post 13.08 EPS for the current fiscal year.

Microsoft Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Thursday, May 15th will be given a $0.83 dividend. The ex-dividend date is Thursday, May 15th. This represents a $3.32 annualized dividend and a yield of 0.73%. Microsoft's payout ratio is currently 25.66%.

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.