Ibex Wealth Advisors Has $32.44 Million Stock Position in Microsoft Co. (NASDAQ:MSFT)

Ibex Wealth Advisors grew its stake in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) by 697.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 76,964 shares of the software giant's stock after buying an additional 67,312 shares during the period. Microsoft accounts for approximately 3.8% of Ibex Wealth Advisors' portfolio, making the stock its 3rd largest holding. Ibex Wealth Advisors' holdings in Microsoft were worth $32,440,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of MSFT. Geode Capital Management LLC lifted its stake 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 purchasing an additional 3,264,648 shares in the last quarter. 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 acquiring an additional 2,125,030 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Microsoft by 1.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 47,229,125 shares of the software giant's stock worth $20,322,513,000 after purchasing an additional 652,493 shares during the last quarter. International Assets Investment Management LLC grew its holdings 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 worth $16,567,258,000 after purchasing an additional 38,422,466 shares during the last quarter. Finally, Franklin Resources Inc. increased its position in shares of Microsoft by 1.1% in the third quarter. Franklin Resources Inc. now owns 38,420,657 shares of the software giant's stock valued at $16,104,959,000 after acquiring an additional 406,940 shares during the period. 71.13% of the stock is owned by hedge funds and other institutional investors.

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Microsoft Stock Performance

Shares of MSFT traded up $1.82 on Monday, reaching $393.08. The company's stock had a trading volume of 20,980,800 shares, compared to its average volume of 19,342,332. Microsoft Co. has a 12-month low of $376.91 and a 12-month high of $468.35. The stock has a market capitalization of $2.92 trillion, a P/E ratio of 31.65, a PEG ratio of 2.21 and a beta of 0.92. 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 stock's 50 day simple moving average is $408.34 and its two-hundred day simple moving average is $419.63.

Microsoft (NASDAQ:MSFT - Get Free Report) last issued its quarterly earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share for the quarter, topping the consensus estimate 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 quarter in the previous year, the firm posted $2.93 EPS. Research analysts forecast that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.

Microsoft Announces Dividend

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

Analysts Set New Price Targets

Several research analysts have commented on the stock. DA Davidson upgraded shares of Microsoft from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $425.00 to $450.00 in a report on Thursday, March 13th. Loop Capital lifted their price objective on Microsoft from $500.00 to $550.00 and gave the company a "buy" rating in a research note on Monday, December 23rd. StockNews.com cut Microsoft from a "buy" rating to a "hold" rating in a research note on Friday, February 28th. 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. Finally, Wedbush reissued an "outperform" rating and set a $550.00 price objective on shares of Microsoft in a research report on Thursday. Three investment analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company. Based on data from MarketBeat, Microsoft presently has a consensus rating of "Moderate Buy" and an average 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.