Telligent Fund LP Invests $7.17 Million in Microsoft Co. (NASDAQ:MSFT)

Telligent Fund LP acquired a new position in Microsoft Co. (NASDAQ:MSFT - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 17,000 shares of the software giant's stock, valued at approximately $7,166,000. Microsoft accounts for 6.8% of Telligent Fund LP's holdings, making the stock its 4th largest position.

Other institutional investors also recently bought and sold shares of the company. WFA Asset Management Corp boosted its position in Microsoft by 27.0% during the 1st 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 in the last quarter. Ironwood Wealth Management LLC. raised its holdings in Microsoft by 0.3% in the second 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 in the last quarter. AMF Tjanstepension AB lifted its position in Microsoft by 1.8% during 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 buying an additional 49,735 shares during the period. Discipline Wealth Solutions LLC boosted its holdings in shares of Microsoft by 410.4% during 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 in the last quarter. Finally, Swedbank AB grew its position in shares of Microsoft by 0.4% in the 3rd quarter. Swedbank AB now owns 13,689,356 shares of the software giant's stock worth $5,890,530,000 after buying an additional 49,288 shares during the period. 71.13% of the stock is currently owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Westpark Capital began coverage on shares of Microsoft in a research report on Tuesday, April 1st. They set a "hold" rating for the company. Tigress Financial boosted their price target on Microsoft from $550.00 to $595.00 and gave the stock a "buy" rating in a research report on Thursday, March 20th. StockNews.com lowered Microsoft from a "buy" rating to a "hold" rating in a research report on Friday, February 28th. Piper Sandler reissued an "overweight" rating and issued a $520.00 target price on shares of Microsoft in a report on Monday, January 27th. Finally, Jefferies Financial Group restated a "buy" rating and set a $475.00 price target (down from $500.00) on shares of Microsoft in a report on Monday. Four investment analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company. According to MarketBeat, Microsoft has a consensus rating of "Moderate Buy" and an average price target of $508.00.

Microsoft Trading Down 0.9 %

NASDAQ MSFT traded down $3.30 during trading hours on Tuesday, reaching $354.56. The company had a trading volume of 35,677,605 shares, compared to its average volume of 20,982,522. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $2.64 trillion, a P/E ratio of 28.55, a price-to-earnings-growth ratio of 2.21 and a beta of 1.00. The stock has a 50-day moving average of $393.94 and a 200 day moving average of $415.52. Microsoft Co. has a 1-year low of $344.79 and a 1-year high of $468.35.

Microsoft (NASDAQ:MSFT - Get Free Report) last posted its earnings results 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 return on equity of 33.36% and a net margin of 35.43%. During the same quarter last year, the business posted $2.93 EPS. As a group, research analysts anticipate that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Thursday, May 15th will be issued a dividend of $0.83 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.32 dividend on an annualized basis and a yield of 0.94%. Microsoft's dividend payout ratio (DPR) is presently 26.73%.

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.