Satovsky Asset Management LLC Lowers Stake in Microsoft Co. (NASDAQ:MSFT)

Satovsky Asset Management LLC cut its stake in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) by 8.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,156 shares of the software giant's stock after selling 933 shares during the period. Microsoft comprises approximately 1.0% of Satovsky Asset Management LLC's investment portfolio, making the stock its 13th largest holding. Satovsky Asset Management LLC's holdings in Microsoft were worth $4,187,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of the company. Geode Capital Management LLC increased its position in shares of Microsoft by 2.0% during the third 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 period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Microsoft by 4.1% during the third 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 acquiring an additional 2,125,030 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Microsoft by 1.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 47,229,125 shares of the software giant's stock worth $20,322,513,000 after acquiring an additional 652,493 shares during the period. Franklin Resources Inc. lifted its stake in Microsoft by 1.1% in 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 in the last quarter. Finally, Fisher Asset Management LLC boosted its holdings in Microsoft by 2.3% in the 3rd quarter. Fisher Asset Management LLC now owns 27,904,450 shares of the software giant's stock valued at $12,007,285,000 after purchasing an additional 636,713 shares during the period. 71.13% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

MSFT has been the subject of a number of research analyst reports. Royal Bank of Canada reiterated an "outperform" rating and set a $500.00 price target on shares of Microsoft in a research report on Thursday, January 30th. Stifel Nicolaus cut their price target on shares of Microsoft from $515.00 to $475.00 and set a "buy" rating for the company in a research note on Friday, March 7th. Wedbush lowered their price objective on shares of Microsoft from $550.00 to $475.00 and set an "outperform" rating on the stock in a research report on Thursday, April 10th. KeyCorp reiterated a "sector weight" rating on shares of Microsoft in a research report on Thursday, April 17th. Finally, The Goldman Sachs Group lowered their price target on Microsoft from $500.00 to $450.00 and set a "buy" rating on the stock in a research report on Thursday. Five investment analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company's stock. According to data from MarketBeat, Microsoft has a consensus rating of "Moderate Buy" and a consensus target price of $493.89.

Microsoft Trading Up 1.2 %

Shares of MSFT stock traded up $4.55 during trading hours on Friday, reaching $391.85. The company's stock had a trading volume of 18,959,931 shares, compared to its average volume of 21,169,050. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.13. Microsoft Co. has a one year low of $344.79 and a one year high of $468.35. The stock has a market capitalization of $2.91 trillion, a P/E ratio of 31.55, a P/E/G ratio of 2.21 and a beta of 1.00. The firm's fifty day simple moving average is $384.93 and its 200 day simple moving average is $411.34.

Microsoft (NASDAQ:MSFT - Get Free Report) last issued its quarterly earnings data on Wednesday, January 29th. The software giant reported $3.23 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.15 by $0.08. Microsoft had a net margin of 35.43% and a return on equity of 33.36%. During the same quarter in the prior year, the company posted $2.93 EPS. Equities research analysts expect that Microsoft Co. will post 13.08 EPS for the current year.

Microsoft Announces Dividend

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 issued a $0.83 dividend. The ex-dividend date is Thursday, May 15th. This represents a $3.32 annualized dividend and a yield of 0.85%. Microsoft's dividend payout ratio (DPR) is presently 26.73%.

Microsoft Company 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.