OV Management LLC boosted its holdings in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) by 6.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 28,736 shares of the software giant's stock after purchasing an additional 1,744 shares during the quarter. Microsoft makes up approximately 5.6% of OV Management LLC's holdings, making the stock its 3rd largest holding. OV Management LLC's holdings in Microsoft were worth $12,112,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. WFA Asset Management Corp boosted its position in Microsoft by 27.0% during the 1st quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant's stock valued at $427,000 after purchasing an additional 216 shares during the period. Ironwood Wealth Management LLC. boosted its position in Microsoft by 0.3% during the 2nd quarter. Ironwood Wealth Management LLC. now owns 12,658 shares of the software giant's stock valued at $5,658,000 after purchasing an additional 38 shares during the period. Discipline Wealth Solutions LLC boosted its position in Microsoft by 410.4% during the 3rd quarter. Discipline Wealth Solutions LLC now owns 2,659 shares of the software giant's stock valued at $1,144,000 after purchasing an additional 2,138 shares during the period. United Bank boosted its position in Microsoft by 4.1% during the 3rd quarter. United Bank now owns 18,378 shares of the software giant's stock valued at $7,908,000 after purchasing an additional 730 shares during the period. Finally, Portolan Capital Management LLC boosted its position in Microsoft by 4.5% during the 3rd quarter. Portolan Capital Management LLC now owns 5,538 shares of the software giant's stock valued at $2,383,000 after purchasing an additional 238 shares during the period. 71.13% of the stock is currently owned by hedge funds and other institutional investors.
Microsoft Trading Up 0.6%
Shares of MSFT stock opened at $470.38 on Friday. The stock's fifty day moving average price is $417.20 and its two-hundred day moving average price is $416.67. The company has a market cap of $3.50 trillion, a PE ratio of 37.87, a P/E/G ratio of 2.21 and a beta of 1.03. Microsoft Co. has a fifty-two week low of $344.79 and a fifty-two week high of $473.34. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.34 and a current ratio of 1.35.
Microsoft (NASDAQ:MSFT - Get Free Report) last issued its earnings results on Wednesday, April 30th. The software giant reported $3.46 earnings per share for the quarter, beating analysts' consensus estimates of $3.22 by $0.24. The firm had revenue of $70.07 billion for 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%. The company's revenue was up 13.3% compared to the same quarter last year. During the same quarter last year, the business posted $2.94 EPS. Equities analysts predict 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 dividend of $0.83 per share. This represents a $3.32 annualized dividend and a dividend yield of 0.71%. The ex-dividend date is Thursday, May 15th. Microsoft's dividend payout ratio (DPR) is 25.66%.
Wall Street Analysts Forecast Growth
A number of research analysts recently issued reports on MSFT shares. Cantor Fitzgerald boosted their price objective on Microsoft from $502.00 to $512.00 and gave the company an "overweight" rating in a research report on Thursday, May 1st. BMO Capital Markets reiterated an "outperform" rating on shares of Microsoft in a research report on Wednesday, May 21st. The Goldman Sachs Group boosted their price target on Microsoft from $480.00 to $550.00 and gave the stock a "buy" rating in a research report on Wednesday, May 21st. Stifel Nicolaus boosted their price target on Microsoft from $475.00 to $500.00 and gave the stock a "buy" rating in a research report on Thursday, May 1st. Finally, Barclays boosted their price target on Microsoft from $430.00 to $494.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st. Four investment analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the stock. According to data from MarketBeat.com, Microsoft currently has an average rating of "Moderate Buy" and a consensus price target of $513.59.
View Our Latest Analysis on MSFT
Insider Activity at Microsoft
In related news, insider Bradford L. Smith sold 75,000 shares of the firm's stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $436.05, for a total transaction of $32,703,750.00. Following the completion of the transaction, the insider now directly owns 476,999 shares of the company's stock, valued at $207,995,413.95. This trade represents a 13.59% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Takeshi Numoto sold 1,000 shares of the firm's stock in a transaction on Friday, May 30th. The stock was sold at an average price of $460.01, for a total value of $460,010.00. Following the transaction, the executive vice president now directly owns 47,058 shares of the company's stock, valued at approximately $21,647,150.58. This represents a 2.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 135,743 shares of company stock valued at $60,224,683 in the last 90 days. 0.03% of the stock is owned by corporate insiders.
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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