12,941 Shares in Microsoft Co. (NASDAQ:MSFT) Bought by Elm3 Financial Group LLC

Elm3 Financial Group LLC acquired a new position in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 12,941 shares of the software giant's stock, valued at approximately $5,455,000. Microsoft comprises about 4.7% of Elm3 Financial Group LLC's investment portfolio, making the stock its 4th biggest position.

Several other hedge funds have also made changes to their positions in the business. International Assets Investment Management LLC grew its holdings in 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 purchasing an additional 38,422,466 shares during the period. Assenagon Asset Management S.A. boosted its holdings in shares of Microsoft by 76.6% in 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 purchasing an additional 4,568,539 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Microsoft by 2.0% during 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 buying an additional 3,264,648 shares during the period. Baillie Gifford & Co. increased its holdings 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 last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of 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 worth $23,490,417,000 after buying an additional 2,125,030 shares during the period. Institutional investors and hedge funds own 71.13% of the company's stock.

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Microsoft Stock Performance

Shares of NASDAQ MSFT traded down $1.98 during trading on Monday, reaching $357.86. The stock had a trading volume of 50,017,125 shares, compared to its average volume of 20,896,489. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.34 and a current ratio of 1.35. The stock has a market cap of $2.66 trillion, a PE ratio of 28.81, a P/E/G ratio of 2.21 and a beta of 1.00. Microsoft Co. has a one year low of $344.93 and a one year high of $468.35. The firm's 50 day moving average price is $397.55 and its two-hundred day moving average price is $416.67.

Microsoft (NASDAQ:MSFT - Get Free Report) last released its quarterly earnings data on Wednesday, January 29th. The software giant reported $3.23 EPS 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 prior year, the firm earned $2.93 earnings per share. On average, research analysts forecast that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.

Microsoft Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on MSFT. UBS Group lowered their price target on Microsoft from $525.00 to $510.00 and set a "buy" rating for the company in a research report on Thursday, January 30th. Guggenheim reiterated a "neutral" rating on shares of Microsoft in a report on Friday, January 24th. Tigress Financial raised their price target on shares of Microsoft from $550.00 to $595.00 and gave the company a "buy" rating in a report on Thursday, March 20th. Loop Capital lifted their price target on shares of Microsoft from $500.00 to $550.00 and gave the company a "buy" rating in a research report on Monday, December 23rd. Finally, Mizuho dropped their price objective on shares of Microsoft from $510.00 to $500.00 and set an "outperform" rating for the company in a research report on Thursday, January 30th. Four analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $508.00.

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.