Cibc World Market Inc. Raises Position in Microsoft Co. (NASDAQ:MSFT)

Cibc World Market Inc. lifted its holdings in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) by 8.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,864,105 shares of the software giant's stock after purchasing an additional 151,197 shares during the period. Microsoft accounts for 1.6% of Cibc World Market Inc.'s holdings, making the stock its 12th biggest holding. Cibc World Market Inc.'s holdings in Microsoft were worth $785,720,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of MSFT. WFA Asset Management Corp raised its position in shares of Microsoft by 27.0% in the 1st quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant's stock worth $427,000 after acquiring an additional 216 shares in the last quarter. Ironwood Wealth Management LLC. grew its stake in Microsoft by 0.3% during the second quarter. Ironwood Wealth Management LLC. now owns 12,658 shares of the software giant's stock worth $5,658,000 after purchasing an additional 38 shares during the period. AMF Tjanstepension AB increased its holdings in Microsoft by 1.8% in the third quarter. AMF Tjanstepension AB now owns 2,799,261 shares of the software giant's stock worth $1,204,664,000 after purchasing an additional 49,735 shares in the last quarter. Traveka Wealth LLC lifted its stake in Microsoft by 0.9% in the third quarter. Traveka Wealth LLC now owns 14,514 shares of the software giant's stock valued at $6,245,000 after buying an additional 126 shares during the period. Finally, Tealwood Asset Management Inc. boosted its holdings in shares of Microsoft by 0.8% during the 3rd quarter. Tealwood Asset Management Inc. now owns 6,033 shares of the software giant's stock worth $2,596,000 after buying an additional 49 shares in the last quarter. 71.13% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

MSFT has been the subject of several research analyst reports. Stifel Nicolaus lowered their price objective on shares of Microsoft from $515.00 to $475.00 and set a "buy" rating for the company in a research note on Friday, March 7th. Wedbush reiterated an "outperform" rating and set a $550.00 price objective on shares of Microsoft in a report on Thursday, March 20th. Tigress Financial raised their target price on Microsoft from $550.00 to $595.00 and gave the company a "buy" rating in a research note on Thursday, March 20th. 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. Finally, Piper Sandler reissued an "overweight" rating and issued a $520.00 price objective on shares of Microsoft in a research note on Monday, January 27th. Three research analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, Microsoft has an average rating of "Moderate Buy" and an average price target of $510.59.

Microsoft Stock Performance

Shares of MSFT traded up $0.61 during trading hours on Thursday, hitting $390.58. The company's stock had a trading volume of 13,741,615 shares, compared to its average volume of 22,928,355. The business has a 50 day simple moving average of $407.20 and a two-hundred day simple moving average of $419.45. The company has a market cap of $2.90 trillion, a price-to-earnings ratio of 31.45, a PEG ratio of 2.21 and a beta of 0.92. Microsoft Co. has a 52-week low of $376.91 and a 52-week 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.

Microsoft (NASDAQ:MSFT - Get Free Report) last posted its earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share (EPS) for the quarter, topping the consensus estimate 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 prior year, the company earned $2.93 EPS. On average, equities analysts expect that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Thursday, May 15th will be issued a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date of this dividend is Thursday, May 15th. Microsoft's payout ratio is presently 26.73%.

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.