Maripau Wealth Management LLC purchased a new position in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 4,595 shares of the software giant's stock, valued at approximately $1,937,000. Microsoft comprises about 1.1% of Maripau Wealth Management LLC's investment portfolio, making the stock its 22nd biggest position.
A number of other institutional investors and hedge funds also recently made changes to their positions in MSFT. Proficio Capital Partners LLC increased its holdings in 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 worth $7,096,913,000 after buying an additional 16,788,816 shares during the last quarter. Assenagon Asset Management S.A. lifted its stake in Microsoft by 76.6% in the fourth quarter. Assenagon Asset Management S.A. now owns 10,532,402 shares of the software giant's stock valued at $4,439,407,000 after acquiring an additional 4,568,539 shares during the last quarter. Geode Capital Management LLC grew 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 valued at $70,790,682,000 after acquiring an additional 3,264,648 shares during the period. Baillie Gifford & Co. increased its stake in shares of Microsoft by 46.1% during the 3rd quarter. Baillie Gifford & Co. now owns 7,048,244 shares of the software giant's stock worth $3,032,859,000 after purchasing an additional 2,222,483 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of 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. Institutional investors own 71.13% of the company's stock.
Insider Transactions at Microsoft
In other news, insider Bradford L. Smith sold 6,000 shares of the company's stock in a transaction dated 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 transaction, the insider now owns 471,036 shares in the company, valued at approximately $204,038,664.12. This represents a 1.26 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.03% of the company's stock.
Microsoft Stock Performance
NASDAQ MSFT opened at $433.31 on Wednesday. The company has a market capitalization of $3.22 trillion, a price-to-earnings ratio of 34.89, a PEG ratio of 2.21 and a beta of 0.99. 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 Co. has a twelve month low of $344.79 and a twelve month high of $468.35. The stock has a fifty day simple moving average of $386.48 and a 200 day simple moving average of $411.27.
Microsoft (NASDAQ:MSFT - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The software giant reported $3.46 earnings per share for the quarter, beating the consensus estimate of $3.22 by $0.24. The company had revenue of $70.07 billion during the quarter, compared to analysts' expectations of $68.54 billion. Microsoft had a return on equity of 33.36% and a net margin of 35.43%. The business's quarterly revenue was up 13.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.94 earnings per share. Sell-side analysts expect that Microsoft Co. will post 13.08 EPS for the current year.
Microsoft Dividend Announcement
The company also recently announced 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. The ex-dividend date is Thursday, May 15th. This represents a $3.32 annualized dividend and a yield of 0.77%. Microsoft's payout ratio is 25.66%.
Wall Street Analysts Forecast Growth
A number of equities analysts have weighed in on the company. Guggenheim reissued a "neutral" rating on shares of Microsoft in a research report on Thursday, May 1st. Wells Fargo & Company increased their price target on Microsoft from $500.00 to $515.00 and gave the company an "overweight" rating in a research note on Thursday, May 1st. Evercore ISI raised their price target on Microsoft from $435.00 to $500.00 and gave the company an "outperform" rating in a report on Thursday, May 1st. JPMorgan Chase & Co. upped their price objective on shares of Microsoft from $465.00 to $475.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. Finally, Morgan Stanley raised their target price on shares of Microsoft from $472.00 to $482.00 and gave the stock an "overweight" rating in a research note on Thursday, May 1st. Five equities research analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $507.77.
Read Our Latest Report on Microsoft
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.
See Also
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