Microsoft Co. (NASDAQ:MSFT) Stock Position Increased by Norden Group LLC

Norden Group LLC boosted its position in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) by 2.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 65,671 shares of the software giant's stock after buying an additional 1,619 shares during the quarter. Microsoft accounts for approximately 3.1% of Norden Group LLC's investment portfolio, making the stock its 4th largest position. Norden Group LLC's holdings in Microsoft were worth $27,680,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of MSFT. Geode Capital Management LLC lifted 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 worth $70,790,682,000 after purchasing an additional 3,264,648 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased 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 worth $23,490,417,000 after buying an additional 2,125,030 shares during the period. Charles Schwab Investment Management Inc. lifted 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 valued at $20,322,513,000 after buying an additional 652,493 shares in the last quarter. Franklin Resources Inc. boosted its position in Microsoft by 1.1% in the 3rd quarter. Franklin Resources Inc. now owns 38,420,657 shares of the software giant's stock valued at $16,104,959,000 after buying an additional 406,940 shares during the period. Finally, Fisher Asset Management LLC grew its stake in Microsoft by 1.2% in the 4th quarter. Fisher Asset Management LLC now owns 28,228,502 shares of the software giant's stock worth $11,898,314,000 after acquiring an additional 324,052 shares in the last quarter. Institutional investors own 71.13% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on MSFT shares. Raymond James lifted their price target on shares of Microsoft from $480.00 to $490.00 and gave the company an "outperform" rating in a research note on Thursday, May 1st. Jefferies Financial Group lifted their target price on Microsoft from $475.00 to $550.00 and gave the company a "buy" rating in a research report on Thursday, May 1st. Cantor Fitzgerald increased their price target on Microsoft from $502.00 to $512.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st. Benchmark restated a "buy" rating on shares of Microsoft in a report on Thursday, May 1st. Finally, JPMorgan Chase & Co. upped their price objective on shares of Microsoft from $465.00 to $475.00 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 issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $507.77.

Insider Buying and Selling

In related 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 sale, the insider now directly owns 471,036 shares of the company's stock, 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 filing with the SEC, which is available at this hyperlink. 0.03% of the stock is owned by corporate insiders.

Microsoft Stock Up 0.0 %

NASDAQ:MSFT opened at $433.35 on Thursday. 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 twelve month low of $344.79 and a twelve month high of $468.35. The company has a market cap of $3.22 trillion, a PE ratio of 34.89, a P/E/G ratio of 2.21 and a beta of 0.99. The company's 50 day moving average is $387.20 and its two-hundred day moving average is $411.42.

Microsoft (NASDAQ:MSFT - Get Free Report) last posted 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. Microsoft had a return on equity of 33.36% and a net margin of 35.43%. The business had revenue of $70.07 billion for the quarter, compared to the consensus estimate of $68.54 billion. During the same quarter in the previous year, the business earned $2.94 EPS. The company's quarterly revenue was up 13.3% compared to the same quarter last year. Analysts anticipate that Microsoft Co. will post 13.08 EPS for the current year.

Microsoft Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Thursday, May 15th will be given a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a yield of 0.77%. The ex-dividend date of this dividend is Thursday, May 15th. Microsoft's dividend 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.

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