Conning Inc. reduced its position in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) by 4.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 58,228 shares of the software giant's stock after selling 2,603 shares during the period. Conning Inc.'s holdings in Microsoft were worth $24,543,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. WFA Asset Management Corp increased its position in shares of 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 acquiring an additional 216 shares during the last quarter. Ironwood Wealth Management LLC. increased its position in shares of Microsoft by 0.3% during the 2nd quarter. Ironwood Wealth Management LLC. now owns 12,658 shares of the software giant's stock worth $5,658,000 after purchasing an additional 38 shares during the last quarter. AMF Tjanstepension AB raised its stake in shares of Microsoft by 1.8% during the 3rd quarter. AMF Tjanstepension AB now owns 2,799,261 shares of the software giant's stock worth $1,204,664,000 after purchasing an additional 49,735 shares in the last quarter. Discipline Wealth Solutions LLC boosted its holdings in shares of Microsoft by 410.4% in the 3rd quarter. Discipline Wealth Solutions LLC now owns 2,659 shares of the software giant's stock valued at $1,144,000 after buying an additional 2,138 shares during the last quarter. Finally, Swedbank AB grew its stake in shares of Microsoft by 0.4% in the third quarter. Swedbank AB now owns 13,689,356 shares of the software giant's stock valued at $5,890,530,000 after buying an additional 49,288 shares in the last quarter. 71.13% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of brokerages have commented on MSFT. 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 note on Thursday, January 30th. Guggenheim reiterated a "neutral" rating on shares of Microsoft in a research note on Friday, January 24th. Jefferies Financial Group reissued a "buy" rating and set a $475.00 price target (down previously from $500.00) on shares of Microsoft in a research report on Monday. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $509.00 price objective on shares of Microsoft in a research report on Wednesday, January 29th. Finally, Mizuho decreased their target price on Microsoft from $510.00 to $500.00 and set an "outperform" rating on the stock in a report on Thursday, January 30th. Four analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $508.00.
Read Our Latest Analysis on MSFT
Microsoft Price Performance
NASDAQ:MSFT traded up $35.93 during mid-day trading on Wednesday, reaching $390.49. The stock had a trading volume of 50,044,362 shares, compared to its average volume of 21,132,659. Microsoft Co. has a 12 month low of $344.79 and a 12 month high of $468.35. The stock has a market capitalization of $2.90 trillion, a PE ratio of 31.44, a P/E/G ratio of 2.21 and a beta of 1.00. 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 has a 50-day simple moving average of $392.96 and a two-hundred day simple moving average of $415.17.
Microsoft (NASDAQ:MSFT - Get Free Report) last issued its earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share for the quarter, beating analysts' consensus estimates of $3.15 by $0.08. Microsoft had a return on equity of 33.36% and a net margin of 35.43%. During the same period in the prior year, the firm posted $2.93 EPS. On average, equities analysts anticipate that Microsoft Co. will post 13.08 earnings per share for the current year.
Microsoft Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 15th will be issued a $0.83 dividend. The ex-dividend date is Thursday, May 15th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.85%. Microsoft's dividend payout ratio (DPR) is currently 26.73%.
Microsoft Profile
(
Free Report)
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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