Crews Bank & Trust Purchases New Position in Microsoft Co. (NASDAQ:MSFT)

Crews Bank & Trust acquired a new position in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 31,300 shares of the software giant's stock, valued at approximately $13,193,000. Microsoft makes up about 2.2% of Crews Bank & Trust's investment portfolio, making the stock its 13th biggest position.

Other institutional investors also recently modified their holdings of the company. International Assets Investment Management LLC lifted its stake in Microsoft by 48,526.1% during the third quarter. International Assets Investment Management LLC now owns 38,501,645 shares of the software giant's stock worth $16,567,258,000 after purchasing an additional 38,422,466 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of Microsoft by 76.6% during the 4th 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 in the last quarter. Geode Capital Management LLC lifted its position in Microsoft by 2.0% in the 3rd 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 during the last quarter. Baillie Gifford & Co. boosted its stake in Microsoft by 46.1% in the third 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 in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in 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 valued at $23,490,417,000 after acquiring an additional 2,125,030 shares during the last quarter. 71.13% of the stock is currently owned by institutional investors.

Remove Ads

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on MSFT shares. Tigress Financial upped their price objective on shares of Microsoft from $550.00 to $595.00 and gave the company a "buy" rating in a research note on Thursday, March 20th. Morgan Stanley cut their price target on shares of Microsoft from $540.00 to $530.00 and set an "overweight" rating for the company in a research report on Thursday, January 30th. DA Davidson upgraded Microsoft from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $425.00 to $450.00 in a report on Thursday, March 13th. UBS Group dropped their target price on Microsoft from $525.00 to $510.00 and set a "buy" rating for the company in a report on Thursday, January 30th. Finally, StockNews.com cut Microsoft from a "buy" rating to a "hold" rating in a research note on Friday, February 28th. Three research analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $510.59.

Microsoft Stock Up 0.2 %

Shares of MSFT stock traded up $0.61 during mid-day trading on Thursday, reaching $390.58. 13,741,615 shares of the company's stock traded hands, compared to its average volume of 22,928,355. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. The company's 50-day moving average price is $407.20 and its 200-day moving average price is $419.45. The company has a market cap of $2.90 trillion, a P/E ratio of 31.45, a P/E/G 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.

Microsoft (NASDAQ:MSFT - Get Free Report) last announced 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 net margin of 35.43% and a return on equity of 33.36%. During the same period in the previous year, the firm 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 Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Thursday, May 15th will be paid 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 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.