26,004 Shares in Microsoft Co. (NASDAQ:MSFT) Acquired by McHugh Group LLC

McHugh Group LLC purchased a new stake in Microsoft Co. (NASDAQ:MSFT - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 26,004 shares of the software giant's stock, valued at approximately $10,961,000. Microsoft makes up 8.2% of McHugh Group LLC's holdings, making the stock its 3rd biggest position.

Several other hedge funds and other institutional investors have also made changes to their positions in MSFT. International Assets Investment Management LLC lifted its position in shares of Microsoft by 48,526.1% in the third quarter. International Assets Investment Management LLC now owns 38,501,645 shares of the software giant's stock valued at $16,567,258,000 after acquiring an additional 38,422,466 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of Microsoft by 76.6% during the fourth quarter. Assenagon Asset Management S.A. now owns 10,532,402 shares of the software giant's stock worth $4,439,407,000 after buying an additional 4,568,539 shares in the last quarter. Geode Capital Management LLC lifted its stake 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 valued at $70,790,682,000 after buying an additional 3,264,648 shares during the period. Baillie Gifford & Co. grew its stake in Microsoft by 46.1% in the 3rd quarter. Baillie Gifford & Co. now owns 7,048,244 shares of the software giant's stock worth $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 during the last quarter. Institutional investors and hedge funds own 71.13% of the company's stock.

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Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on MSFT shares. Guggenheim reiterated a "neutral" rating on shares of Microsoft in a research report on Friday, January 24th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $500.00 price target on shares of Microsoft in a research note on Thursday, January 30th. DA Davidson raised Microsoft from a "neutral" rating to a "buy" rating and increased their target price for the stock from $425.00 to $450.00 in a research report on Thursday, March 13th. Wedbush restated an "outperform" rating and set a $550.00 price target on shares of Microsoft in a research note on Thursday, March 20th. Finally, Scotiabank started coverage on shares of Microsoft in a report on Thursday, March 20th. They issued a "sector outperform" rating and a $470.00 price target on the stock. Four research analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Microsoft currently has an average rating of "Moderate Buy" and a consensus price target of $508.00.

Microsoft Stock Performance

Shares of NASDAQ:MSFT traded down $1.98 during trading on Monday, reaching $357.86. 50,017,125 shares of the company's stock traded hands, compared to its average volume of 20,896,489. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.34. The company has a 50 day moving average of $397.55 and a 200-day moving average of $416.67. Microsoft Co. has a 12 month low of $344.93 and a 12 month high of $468.35. The stock has a market capitalization of $2.66 trillion, a P/E ratio of 28.81, a price-to-earnings-growth ratio of 2.21 and a beta of 1.00.

Microsoft (NASDAQ:MSFT - Get Free Report) last announced its quarterly earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share for the quarter, topping analysts' consensus estimates of $3.15 by $0.08. Microsoft had a return on equity of 33.36% and a net margin of 35.43%. During the same quarter in the previous year, the business posted $2.93 EPS. On average, equities analysts expect that Microsoft Co. will post 13.08 EPS for the current year.

Microsoft Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 15th will be issued a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a dividend yield of 0.93%. The ex-dividend date is Thursday, May 15th. Microsoft's dividend payout ratio (DPR) is 26.73%.

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.