Microsoft Co. (NASDAQ:MSFT) is Chicago Capital LLC's 6th Largest Position

Chicago Capital LLC lifted its holdings in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) by 5.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 288,087 shares of the software giant's stock after acquiring an additional 13,821 shares during the period. Microsoft accounts for approximately 3.2% of Chicago Capital LLC's investment portfolio, making the stock its 6th biggest holding. Chicago Capital LLC's holdings in Microsoft were worth $121,429,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Geode Capital Management LLC increased its position in shares of Microsoft by 2.0% during the third 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 increased 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 worth $23,490,417,000 after buying an additional 2,125,030 shares during the period. 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 valued at $20,322,513,000 after buying an additional 652,493 shares during the last quarter. International Assets Investment Management LLC boosted 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 valued at $16,567,258,000 after acquiring an additional 38,422,466 shares during the period. Finally, Franklin Resources Inc. grew its position in shares of Microsoft by 1.1% during the third quarter. Franklin Resources Inc. now owns 38,420,657 shares of the software giant's stock worth $16,104,959,000 after acquiring an additional 406,940 shares during the last quarter. Hedge funds and other institutional investors own 71.13% of the company's stock.

Microsoft Trading Up 1.8 %

MSFT traded up $6.80 on Tuesday, reaching $382.19. 19,648,293 shares of the company's stock were exchanged, compared to its average volume of 20,595,340. The company has a market cap of $2.84 trillion, a price-to-earnings ratio of 30.77, a PEG ratio of 2.21 and a beta of 0.92. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.34 and a current ratio of 1.35. Microsoft Co. has a twelve month low of $367.24 and a twelve month high of $468.35. The company's 50 day moving average is $403.52 and its 200-day moving average is $418.45.

Microsoft (NASDAQ:MSFT - Get Free Report) last released its quarterly earnings data 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 net margin of 35.43% and a return on equity of 33.36%. During the same period last year, the company earned $2.93 earnings per share. Equities analysts predict that Microsoft Co. will post 13.08 earnings per share for the current year.

Microsoft Dividend Announcement

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 dividend yield of 0.87%. The ex-dividend date of this dividend is Thursday, May 15th. Microsoft's dividend payout ratio is presently 26.73%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on MSFT shares. Scotiabank assumed coverage on shares of Microsoft in a research report on Thursday, March 20th. They issued a "sector outperform" rating and a $470.00 price target for the company. Stifel Nicolaus reduced their target price on shares of Microsoft from $515.00 to $475.00 and set a "buy" rating for the company in a report on Friday, March 7th. DA Davidson raised Microsoft from a "neutral" rating to a "buy" rating and raised their price target for the stock from $425.00 to $450.00 in a report on Thursday, March 13th. UBS Group dropped their price target on Microsoft from $525.00 to $510.00 and set a "buy" rating on the stock in a research report on Thursday, January 30th. Finally, Cantor Fitzgerald reaffirmed an "overweight" rating and set a $509.00 price objective on shares of Microsoft in a research report on Wednesday, January 29th. Four analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $508.86.

About Microsoft

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.