SVB Wealth LLC Acquires New Position in Microsoft Co. (NASDAQ:MSFT)

SVB Wealth LLC bought a new position in Microsoft Co. (NASDAQ:MSFT - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 331,078 shares of the software giant's stock, valued at approximately $139,550,000. Microsoft comprises approximately 2.6% of SVB Wealth LLC's investment portfolio, making the stock its 3rd biggest position.

Other large investors have also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC boosted its holdings in Microsoft by 34,643.3% in the 4th quarter. Proficio Capital Partners LLC now owns 16,837,278 shares of the software giant's stock valued at $7,096,913,000 after purchasing an additional 16,788,816 shares during the period. Assenagon Asset Management S.A. lifted its stake in shares of 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 buying an additional 4,568,539 shares during the period. Geode Capital Management LLC grew its position in 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 buying an additional 3,264,648 shares in the last quarter. Baillie Gifford & Co. increased its stake in Microsoft by 46.1% during the third quarter. Baillie Gifford & Co. now owns 7,048,244 shares of the software giant's stock valued at $3,032,859,000 after acquiring an additional 2,222,483 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings 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 valued at $23,490,417,000 after acquiring an additional 2,125,030 shares in the last quarter. Institutional investors own 71.13% of the company's stock.

Microsoft Stock Performance

Shares of MSFT stock traded down $0.90 during midday trading on Friday, hitting $437.27. 6,249,195 shares of the company were exchanged, compared to its average volume of 24,175,857. The firm has a market capitalization of $3.25 trillion, a P/E ratio of 35.21, a PEG ratio of 2.21 and a beta of 0.99. 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 Co. has a 52 week low of $344.79 and a 52 week high of $468.35. The firm's 50 day moving average price is $388.19 and its two-hundred day moving average price is $411.61.

Microsoft (NASDAQ:MSFT - Get Free Report) last announced its earnings results on Wednesday, April 30th. The software giant reported $3.46 earnings per share for the quarter, topping analysts' consensus estimates of $3.22 by $0.24. The company had revenue of $70.07 billion for the quarter, compared to analyst estimates of $68.54 billion. Microsoft had a return on equity of 33.36% and a net margin of 35.43%. The firm's quarterly revenue was up 13.3% compared to the same quarter last year. During the same quarter last year, the company earned $2.94 earnings per share. As a group, equities research analysts anticipate that Microsoft Co. will post 13.08 earnings per share for the current year.

Microsoft Announces Dividend

The firm 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. This represents a $3.32 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date of this dividend is Thursday, May 15th. Microsoft's dividend payout ratio is currently 25.66%.

Insiders Place Their Bets

In related news, insider Bradford L. Smith sold 6,000 shares of the stock in a transaction that occurred 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 sale, the insider now owns 471,036 shares of the company's stock, valued at $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 through the SEC website. Company insiders own 0.03% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Scotiabank lifted their price objective on Microsoft from $470.00 to $500.00 and gave the stock a "sector outperform" rating in a report on Thursday, May 1st. Piper Sandler reissued a "neutral" rating on shares of Microsoft in a report on Thursday, May 1st. Cantor Fitzgerald raised their price objective on shares of Microsoft from $502.00 to $512.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st. Benchmark reissued a "buy" rating on shares of Microsoft in a research note on Thursday, May 1st. Finally, Barclays raised their price target on shares of Microsoft from $430.00 to $494.00 and gave the stock an "overweight" rating in a research note on Thursday, May 1st. Five research analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the company. Based on data from MarketBeat, Microsoft currently has an average rating of "Moderate Buy" and an average price target 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.