PCG Asset Management LLC Invests $3.27 Million in Microsoft Co. (NASDAQ:MSFT)

PCG Asset Management LLC purchased a new position in Microsoft Co. (NASDAQ:MSFT - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,750 shares of the software giant's stock, valued at approximately $3,267,000. Microsoft accounts for 2.9% of PCG Asset Management LLC's investment portfolio, making the stock its 11th biggest position.

Several other large investors have also made changes to their positions in MSFT. WFA Asset Management Corp lifted its stake in Microsoft by 27.0% in the 1st quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant's stock valued at $427,000 after buying an additional 216 shares in the last quarter. Ironwood Wealth Management LLC. boosted its stake in shares of Microsoft by 0.3% in the second 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 raised its stake in shares of Microsoft by 410.4% in the third quarter. Discipline Wealth Solutions LLC now owns 2,659 shares of the software giant's stock valued at $1,144,000 after acquiring an additional 2,138 shares in the last quarter. Swedbank AB raised its holdings in shares of Microsoft by 0.4% in the 3rd quarter. Swedbank AB now owns 13,689,356 shares of the software giant's stock valued at $5,890,530,000 after purchasing an additional 49,288 shares in the last quarter. Finally, Pettinga Financial Advisors LLC increased its holdings in shares of Microsoft by 1.4% in the 3rd quarter. Pettinga Financial Advisors LLC now owns 7,749 shares of the software giant's stock valued at $3,334,000 after acquiring an additional 109 shares during the last quarter. 71.13% of the stock is currently owned by hedge funds and other institutional investors.

Microsoft Stock Performance

Shares of Microsoft stock opened at $433.35 on Thursday. The stock 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. Microsoft Co. has a 12 month low of $344.79 and a 12 month high of $468.35. The firm's fifty day simple moving average is $387.20 and its 200-day simple moving average is $411.42. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.34.

Microsoft (NASDAQ:MSFT - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The software giant reported $3.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.22 by $0.24. The firm 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%. Microsoft's revenue was up 13.3% on a year-over-year basis. During the same period in the previous year, the firm posted $2.94 earnings per share. As a group, equities analysts forecast that Microsoft Co. will post 13.08 earnings per share for the current year.

Microsoft Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Thursday, May 15th will be given a $0.83 dividend. The ex-dividend date is Thursday, May 15th. This represents a $3.32 annualized dividend and a dividend yield of 0.77%. Microsoft's dividend payout ratio is presently 25.66%.

Insider Activity

In other news, insider Bradford L. Smith sold 6,000 shares of the business's 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 transaction, the insider now directly owns 471,036 shares of the company's stock, valued at approximately $204,038,664.12. The trade was a 1.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.03% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on MSFT shares. Royal Bank of Canada increased their price target on Microsoft from $500.00 to $525.00 and gave the stock an "outperform" rating in a report on Thursday, May 1st. Evercore ISI increased their price target on Microsoft from $435.00 to $500.00 and gave the stock an "outperform" rating in a research note on Thursday, May 1st. Guggenheim restated a "neutral" rating on shares of Microsoft in a report on Thursday, May 1st. Morgan Stanley boosted their price objective on Microsoft from $472.00 to $482.00 and gave the stock an "overweight" rating in a research note on Thursday, May 1st. Finally, StockNews.com raised shares of Microsoft from a "hold" rating to a "buy" rating in a research note on Monday. Five equities research analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the stock. According to data from MarketBeat.com, Microsoft presently has a consensus rating of "Moderate Buy" and an average target price of $507.77.

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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