REDW Wealth LLC cut its stake in Microsoft Co. (NASDAQ:MSFT - Free Report) by 33.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,759 shares of the software giant's stock after selling 3,859 shares during the period. Microsoft comprises approximately 1.1% of REDW Wealth LLC's holdings, making the stock its 21st largest holding. REDW Wealth LLC's holdings in Microsoft were worth $3,270,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Geode Capital Management LLC increased its stake 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 buying an additional 3,264,648 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake 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 buying an additional 2,125,030 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Microsoft by 3.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 49,052,704 shares of the software giant's stock valued at $20,675,715,000 after buying an additional 1,823,579 shares during the period. Franklin Resources Inc. increased its stake in shares of 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 increased its stake in shares of Microsoft by 1.2% in the 4th quarter. Fisher Asset Management LLC now owns 28,228,502 shares of the software giant's stock valued at $11,898,314,000 after buying an additional 324,052 shares during the period. 71.13% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several research firms have recently issued reports on MSFT. Barclays raised their price target on Microsoft from $430.00 to $494.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st. Royal Bank of Canada raised their price target on Microsoft from $500.00 to $525.00 and gave the stock an "outperform" rating in a research report on Thursday, May 1st. Cantor Fitzgerald raised 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. Piper Sandler restated a "neutral" rating on shares of Microsoft in a research report on Thursday, May 1st. Finally, Westpark Capital restated a "hold" rating on shares of Microsoft in a research report on Thursday, May 1st. Five research analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $509.16.
View Our Latest Stock Report on MSFT
Insider Buying and Selling at Microsoft
In other news, EVP Amy Coleman sold 13,243 shares of the company's stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $452.01, for a total transaction of $5,985,968.43. Following the completion of the transaction, the executive vice president now directly owns 43,100 shares in the company, valued at approximately $19,481,631. This represents a 23.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Bradford L. Smith sold 6,000 shares of the company's stock in a transaction on Monday, May 5th. The stock was 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 of the company's stock, valued at $204,038,664.12. This trade represents a 1.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 94,243 shares of company stock worth $41,288,738 over the last three months. Corporate insiders own 0.03% of the company's stock.
Microsoft Price Performance
Shares of MSFT stock traded up $1.14 during trading on Friday, hitting $454.27. The company had a trading volume of 23,797,504 shares, compared to its average volume of 21,538,555. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.34 and a current ratio of 1.35. The firm has a market capitalization of $3.38 trillion, a P/E ratio of 36.58, a price-to-earnings-growth ratio of 2.21 and a beta of 0.99. The stock's 50-day moving average price is $393.86 and its 200 day moving average price is $412.42. Microsoft Co. has a one year low of $344.79 and a one year high of $468.35.
Microsoft (NASDAQ:MSFT - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The software giant reported $3.46 EPS for the quarter, beating the consensus estimate of $3.22 by $0.24. Microsoft had a net margin of 35.43% and a return on equity of 33.36%. The business had revenue of $70.07 billion during the quarter, compared to the consensus estimate of $68.54 billion. During the same period in the previous year, the business earned $2.94 earnings per share. The company's revenue was up 13.3% on a year-over-year basis. Equities analysts expect that Microsoft Co. will post 13.08 EPS for the current fiscal year.
Microsoft Dividend Announcement
The company also recently disclosed 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. The ex-dividend date is Thursday, May 15th. This represents a $3.32 annualized dividend and a yield of 0.73%. Microsoft's dividend payout ratio is currently 25.66%.
Microsoft Profile
(
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.
Further Reading
Before you consider Microsoft, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Microsoft wasn't on the list.
While Microsoft currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
