Triad Wealth Partners LLC Grows Stake in Microsoft Co. (NASDAQ:MSFT)

Triad Wealth Partners LLC lifted its position in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) by 24.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,175 shares of the software giant's stock after purchasing an additional 2,812 shares during the quarter. Microsoft accounts for 2.2% of Triad Wealth Partners LLC's portfolio, making the stock its 11th largest position. Triad Wealth Partners LLC's holdings in Microsoft were worth $5,975,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in MSFT. Proficio Capital Partners LLC boosted its position in Microsoft by 34,643.3% during the 4th quarter. Proficio Capital Partners LLC now owns 16,837,278 shares of the software giant's stock worth $7,096,913,000 after acquiring an additional 16,788,816 shares during the last quarter. Assenagon Asset Management S.A. grew its position 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 purchasing an additional 4,568,539 shares in the last quarter. 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. Baillie Gifford & Co. boosted 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 buying an additional 2,222,483 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew 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 acquiring an additional 2,125,030 shares in the last quarter. Institutional investors and hedge funds own 71.13% of the company's stock.

Insider Transactions at Microsoft

In other Microsoft news, insider Bradford L. Smith sold 6,000 shares of the business's stock in a transaction on Monday, May 5th. The stock was sold at an average price of $433.17, for a total value of $2,599,020.00. Following the sale, the insider now directly owns 471,036 shares in the company, valued at $204,038,664.12. The trade was a 1.26 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.03% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have weighed in on MSFT. Wedbush boosted their price target on Microsoft from $475.00 to $515.00 and gave the stock an "outperform" rating in a research report on Thursday, May 1st. Scotiabank upped their target price on Microsoft from $470.00 to $500.00 and gave the company a "sector outperform" rating in a research report on Thursday, May 1st. Royal Bank of Canada lifted their price objective on shares of Microsoft from $500.00 to $525.00 and gave the stock an "outperform" rating in a research note on Thursday, May 1st. Cantor Fitzgerald increased their target price on Microsoft from $502.00 to $512.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st. Finally, Tigress Financial boosted their price objective on shares of Microsoft from $550.00 to $595.00 and gave the company a "buy" rating in a research report on Thursday, March 20th. Five equities research 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, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $507.77.

Microsoft Stock Up 0.1 %

Shares of Microsoft stock traded up $0.56 during trading hours on Friday, reaching $438.73. The company's stock had a trading volume of 15,313,766 shares, compared to its average volume of 21,454,441. The company has a market capitalization of $3.26 trillion, a P/E ratio of 35.32, a P/E/G ratio of 2.21 and a beta of 0.99. Microsoft Co. has a one year low of $344.79 and a one year high of $468.35. The stock's fifty day simple moving average is $389.19 and its two-hundred day simple moving average is $411.63. 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 posted its earnings results on Wednesday, April 30th. The software giant reported $3.46 EPS for the quarter, topping the consensus estimate of $3.22 by $0.24. The firm had revenue of $70.07 billion for the quarter, compared to analysts' expectations of $68.54 billion. Microsoft had a net margin of 35.43% and a return on equity of 33.36%. The company's quarterly revenue was up 13.3% compared to the same quarter last year. During the same quarter last year, the firm earned $2.94 EPS. On average, research analysts forecast that Microsoft Co. will post 13.08 earnings per share for the current year.

Microsoft Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Thursday, May 15th will be paid a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date is Thursday, May 15th. Microsoft's payout ratio is 25.66%.

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.