BTC Capital Management Inc. Has $44.15 Million Position in Microsoft Co. (NASDAQ:MSFT)

BTC Capital Management Inc. cut its holdings in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) by 1.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 104,745 shares of the software giant's stock after selling 1,212 shares during the period. Microsoft comprises approximately 4.1% of BTC Capital Management Inc.'s holdings, making the stock its 3rd largest holding. BTC Capital Management Inc.'s holdings in Microsoft were worth $44,145,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. International Assets Investment Management LLC increased its stake in shares of Microsoft by 48,526.1% in the 3rd 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 buying an additional 38,422,466 shares during the period. Assenagon Asset Management S.A. boosted its holdings in 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 acquiring an additional 4,568,539 shares during the last quarter. Geode Capital Management LLC boosted 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 purchasing an additional 3,264,648 shares during the last quarter. Baillie Gifford & Co. grew its position in shares of Microsoft by 46.1% during the 3rd quarter. Baillie Gifford & Co. now owns 7,048,244 shares of the software giant's stock worth $3,032,859,000 after buying an additional 2,222,483 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Microsoft by 4.1% during the third 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 last quarter. 71.13% of the stock is owned by institutional investors and hedge funds.

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Microsoft Trading Up 0.5 %

MSFT traded up $2.08 during trading on Tuesday, hitting $395.16. 15,761,260 shares of the stock traded hands, compared to its average volume of 19,335,764. The firm has a market capitalization of $2.94 trillion, a P/E ratio of 31.82, a price-to-earnings-growth ratio of 2.21 and a beta of 0.92. Microsoft Co. has a 12-month low of $376.91 and a 12-month high of $468.35. 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 firm has a 50-day moving average of $408.34 and a 200 day moving average of $419.63.

Microsoft (NASDAQ:MSFT - Get Free Report) last issued its quarterly earnings data 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 period last year, the company posted $2.93 EPS. Equities research analysts anticipate that Microsoft Co. will post 13.08 EPS for the current year.

Microsoft Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 15th will be given a $0.83 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.32 annualized dividend and a dividend yield of 0.84%. Microsoft's dividend payout ratio is 26.73%.

Analyst Upgrades and Downgrades

MSFT has been the topic of several analyst reports. Cantor Fitzgerald reiterated an "overweight" rating and issued a $509.00 target price on shares of Microsoft in a report on Wednesday, January 29th. Wedbush reaffirmed an "outperform" rating and issued a $550.00 price objective on shares of Microsoft in a report on Thursday, March 20th. Morgan Stanley lowered their target price on shares of Microsoft from $540.00 to $530.00 and set an "overweight" rating on the stock in a report on Thursday, January 30th. Royal Bank of Canada reiterated an "outperform" rating and set a $500.00 price target on shares of Microsoft in a research report on Thursday, January 30th. Finally, Tigress Financial lifted their price target on Microsoft from $550.00 to $595.00 and gave the company a "buy" rating in a research note on Thursday, March 20th. Three research analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company. Based on data from MarketBeat.com, Microsoft has a consensus rating of "Moderate Buy" and a consensus price target of $510.59.

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.