Microsoft Co. (NASDAQ:MSFT) Position Boosted by Freemont Management S.A.

Freemont Management S.A. raised its holdings in shares of Microsoft Co. (NASDAQ:MSFTFree Report) by 23.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 138,200 shares of the software giant’s stock after buying an additional 26,600 shares during the period. Microsoft comprises approximately 6.5% of Freemont Management S.A.’s portfolio, making the stock its largest position. Freemont Management S.A.’s holdings in Microsoft were worth $51,969,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Oak Ridge Investments LLC lifted its position in Microsoft by 3.1% in the third quarter. Oak Ridge Investments LLC now owns 222,672 shares of the software giant’s stock valued at $70,309,000 after purchasing an additional 6,745 shares during the last quarter. Peoples Bank KS purchased a new position in shares of Microsoft in the third quarter worth $6,291,000. Equita Financial Network Inc. bought a new stake in Microsoft during the 3rd quarter valued at $650,000. Bell Bank boosted its position in Microsoft by 3.6% during the 3rd quarter. Bell Bank now owns 27,961 shares of the software giant’s stock valued at $8,829,000 after buying an additional 976 shares during the period. Finally, True Link Financial Advisors LLC grew its holdings in Microsoft by 6.8% in the 3rd quarter. True Link Financial Advisors LLC now owns 1,367 shares of the software giant’s stock worth $432,000 after acquiring an additional 87 shares during the last quarter. 71.13% of the stock is owned by institutional investors.

Insider Activity at Microsoft

In other news, EVP Judson Althoff sold 25,000 shares of the firm’s stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $425.68, for a total value of $10,642,000.00. Following the transaction, the executive vice president now owns 104,949 shares of the company’s stock, valued at $44,674,690.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CMO Takeshi Numoto sold 322 shares of the stock in a transaction on Friday, May 31st. The shares were sold at an average price of $416.60, for a total value of $134,145.20. Following the completion of the sale, the chief marketing officer now directly owns 47,255 shares of the company’s stock, valued at $19,686,433. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Judson Althoff sold 25,000 shares of Microsoft stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $425.68, for a total transaction of $10,642,000.00. Following the transaction, the executive vice president now owns 104,949 shares in the company, valued at approximately $44,674,690.32. The disclosure for this sale can be found here. Over the last three months, insiders have sold 47,521 shares of company stock worth $19,746,476. Corporate insiders own 0.03% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on MSFT shares. Macquarie upped their price target on Microsoft from $460.00 to $475.00 and gave the company an “outperform” rating in a research report on Friday, May 17th. Evercore ISI boosted their target price on shares of Microsoft from $475.00 to $485.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Raymond James reiterated an “outperform” rating and issued a $480.00 price target (up from $450.00) on shares of Microsoft in a research note on Friday, April 26th. Truist Financial reissued a “buy” rating and set a $600.00 price objective on shares of Microsoft in a research note on Monday, March 25th. Finally, JPMorgan Chase & Co. raised their target price on shares of Microsoft from $440.00 to $470.00 and gave the company an “overweight” rating in a research note on Friday, April 26th. Three research analysts have rated the stock with a hold rating and thirty-two have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $460.56.

Get Our Latest Report on Microsoft

Microsoft Trading Down 0.2 %

Shares of NASDAQ:MSFT opened at $423.85 on Friday. Microsoft Co. has a 52-week low of $309.45 and a 52-week high of $433.60. The stock has a market capitalization of $3.15 trillion, a price-to-earnings ratio of 36.70, a PEG ratio of 2.24 and a beta of 0.89. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.23 and a current ratio of 1.24. The stock’s 50-day simple moving average is $416.20 and its two-hundred day simple moving average is $402.39.

Microsoft (NASDAQ:MSFTGet Free Report) last announced its earnings results on Thursday, April 25th. The software giant reported $2.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.81 by $0.13. The company had revenue of $61.86 billion during the quarter, compared to analyst estimates of $60.86 billion. Microsoft had a net margin of 36.43% and a return on equity of 37.54%. The firm’s quarterly revenue was up 17.0% compared to the same quarter last year. During the same period in the previous year, the business posted $2.45 earnings per share. Analysts expect that Microsoft Co. will post 11.77 EPS for the current year.

Microsoft Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Thursday, May 16th will be issued a $0.75 dividend. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $3.00 dividend on an annualized basis and a yield of 0.71%. Microsoft’s dividend payout ratio is currently 25.97%.

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.

See Also

Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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