Microsoft Co. (NASDAQ:MSFT) Shares Purchased by Redmond Asset Management LLC

Redmond Asset Management LLC lifted its holdings in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) by 128.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,357 shares of the software giant's stock after purchasing an additional 13,705 shares during the quarter. Microsoft accounts for about 2.6% of Redmond Asset Management LLC's portfolio, making the stock its biggest position. Redmond Asset Management LLC's holdings in Microsoft were worth $10,266,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. WFA Asset Management Corp grew its position in Microsoft by 27.0% in the first quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant's stock valued at $427,000 after purchasing an additional 216 shares in the last quarter. Ironwood Wealth Management LLC. grew its holdings in shares of Microsoft by 0.3% in the 2nd quarter. Ironwood Wealth Management LLC. now owns 12,658 shares of the software giant's stock valued at $5,658,000 after acquiring an additional 38 shares in the last quarter. AMF Tjanstepension AB increased its position in shares of Microsoft by 1.8% in the third quarter. AMF Tjanstepension AB now owns 2,799,261 shares of the software giant's stock valued at $1,204,664,000 after acquiring an additional 49,735 shares during the last quarter. Discipline Wealth Solutions LLC increased its position in shares of Microsoft by 410.4% in the third quarter. Discipline Wealth Solutions LLC now owns 2,659 shares of the software giant's stock valued at $1,144,000 after acquiring an additional 2,138 shares during the last quarter. Finally, Swedbank AB raised its holdings in Microsoft by 0.4% during the third quarter. Swedbank AB now owns 13,689,356 shares of the software giant's stock worth $5,890,530,000 after acquiring an additional 49,288 shares in the last quarter. Institutional investors own 71.13% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on MSFT shares. Royal Bank of Canada reaffirmed an "outperform" rating and set a $500.00 price target on shares of Microsoft in a research report on Thursday, January 30th. Guggenheim reiterated a "neutral" rating on shares of Microsoft in a report on Wednesday, April 23rd. Barclays decreased their price objective on Microsoft from $475.00 to $430.00 and set an "overweight" rating on the stock in a report on Monday, April 21st. Stifel Nicolaus cut their price target on Microsoft from $515.00 to $475.00 and set a "buy" rating for the company in a research note on Friday, March 7th. Finally, Tigress Financial boosted their target price on shares of Microsoft from $550.00 to $595.00 and gave the company a "buy" rating in a research report on Thursday, March 20th. Five research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $493.89.

Microsoft Price Performance

Microsoft stock opened at $391.85 on Monday. The firm has a market cap of $2.91 trillion, a P/E ratio of 31.55, a P/E/G ratio of 2.21 and a beta of 1.00. The stock's 50 day moving average is $384.93 and its 200 day moving average is $411.34. 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 Co. has a one year low of $344.79 and a one year high of $468.35.

Microsoft (NASDAQ:MSFT - Get Free Report) last posted its quarterly earnings data 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 earned $2.93 earnings per share. As a group, research analysts expect that Microsoft Co. will post 13.08 EPS for the current year.

Microsoft Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 15th will be paid a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date is Thursday, May 15th. Microsoft's dividend payout ratio is 26.73%.

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.

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