Microsoft Co. (NASDAQ:MSFT) is Snider Financial Group's 6th Largest Position

Snider Financial Group grew its holdings in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) by 4.0% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 22,726 shares of the software giant's stock after acquiring an additional 876 shares during the quarter. Microsoft accounts for approximately 3.6% of Snider Financial Group's holdings, making the stock its 6th biggest holding. Snider Financial Group's holdings in Microsoft were worth $9,779,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. International Assets Investment Management LLC increased its stake in Microsoft by 48,526.1% in the 3rd 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 period. Wulff Hansen & CO. grew its holdings in shares of Microsoft by 47,196.6% in the second quarter. Wulff Hansen & CO. now owns 4,834,658 shares of the software giant's stock worth $2,160,850,000 after purchasing an additional 4,824,436 shares during the last quarter. Assenagon Asset Management S.A. increased its stake in shares of Microsoft by 67.5% in the third quarter. Assenagon Asset Management S.A. now owns 5,963,863 shares of the software giant's stock worth $2,566,250,000 after buying an additional 2,404,348 shares during the period. Baillie Gifford & Co. raised its holdings in Microsoft by 46.1% during the 3rd quarter. Baillie Gifford & Co. now owns 7,048,244 shares of the software giant's stock valued at $3,032,859,000 after buying an additional 2,222,483 shares during the last quarter. Finally, AustralianSuper Pty Ltd boosted its position in Microsoft by 56.9% during the 3rd quarter. AustralianSuper Pty Ltd now owns 5,344,566 shares of the software giant's stock valued at $2,299,767,000 after buying an additional 1,938,304 shares during the period. 71.13% of the stock is currently owned by institutional investors.

Insider Activity

In related news, EVP Christopher David Young sold 7,200 shares of the stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $423.66, for a total value of $3,050,352.00. Following the completion of the sale, the executive vice president now directly owns 103,366 shares of the company's stock, valued at approximately $43,792,039.56. This represents a 6.51 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CMO Takeshi Numoto sold 1,000 shares of the stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $414.72, for a total transaction of $414,720.00. Following the completion of the sale, the chief marketing officer now directly owns 57,511 shares of the company's stock, valued at approximately $23,850,961.92. This trade represents a 1.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 41,200 shares of company stock valued at $17,383,892 in the last quarter. 0.03% of the stock is currently owned by insiders.

Microsoft Stock Performance

NASDAQ:MSFT traded up $4.45 during mid-day trading on Monday, reaching $429.03. The company's stock had a trading volume of 26,146,013 shares, compared to its average volume of 17,227,436. The firm's fifty day moving average price is $429.32 and its two-hundred day moving average price is $426.14. The company has a current ratio of 1.30, a quick ratio of 1.29 and a debt-to-equity ratio of 0.15. The stock has a market cap of $3.19 trillion, a P/E ratio of 35.40, a PEG ratio of 2.22 and a beta of 0.90. Microsoft Co. has a 12-month low of $385.58 and a 12-month high of $468.35.

Microsoft (NASDAQ:MSFT - Get Free Report) last issued its earnings results on Wednesday, October 30th. The software giant reported $3.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.10 by $0.20. The company had revenue of $65.59 billion for the quarter, compared to analysts' expectations of $64.57 billion. Microsoft had a net margin of 35.61% and a return on equity of 34.56%. The firm's quarterly revenue was up 16.0% on a year-over-year basis. During the same quarter last year, the company posted $2.99 earnings per share. On average, equities analysts forecast that Microsoft Co. will post 12.92 EPS for the current fiscal year.

Microsoft Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 20th will be given a $0.83 dividend. The ex-dividend date of this dividend is Thursday, February 20th. This represents a $3.32 annualized dividend and a yield of 0.77%. Microsoft's payout ratio is 27.39%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on MSFT shares. Wells Fargo & Company reiterated a "buy" rating on shares of Microsoft in a report on Friday, October 18th. Loop Capital lifted their price objective on Microsoft from $500.00 to $550.00 and gave the stock a "buy" rating in a research report on Monday, December 23rd. Morgan Stanley upped their target price on Microsoft from $506.00 to $548.00 and gave the company an "overweight" rating in a report on Thursday, October 31st. DA Davidson downgraded shares of Microsoft from a "buy" rating to a "neutral" rating and set a $475.00 price objective on the stock. in a research report on Monday, September 23rd. Finally, Sanford C. Bernstein dropped their target price on shares of Microsoft from $501.00 to $500.00 and set an "outperform" rating for the company in a research report on Friday, October 25th. Three research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $512.93.

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.