Studio Investment Management LLC decreased its holdings in Microsoft Co. (NASDAQ:MSFT – Free Report) by 0.9% in the third quarter, Holdings Channel reports. The firm owned 22,625 shares of the software giant’s stock after selling 209 shares during the quarter. Microsoft accounts for about 2.0% of Studio Investment Management LLC’s portfolio, making the stock its 9th biggest position. Studio Investment Management LLC’s holdings in Microsoft were worth $9,736,000 at the end of the most recent quarter.
Other hedge funds have also recently modified their holdings of the company. WFA Asset Management Corp raised its stake 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 buying an additional 216 shares during the last quarter. Ironwood Wealth Management LLC. grew its holdings in shares of 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 acquiring an additional 38 shares during the period. Nicholas Investment Partners LP increased its position in Microsoft by 3.0% during the second quarter. Nicholas Investment Partners LP now owns 39,743 shares of the software giant’s stock valued at $17,763,000 after acquiring an additional 1,164 shares during the last quarter. Pegasus Asset Management Inc. lifted its holdings in Microsoft by 2.4% in the second quarter. Pegasus Asset Management Inc. now owns 37,277 shares of the software giant’s stock valued at $16,661,000 after acquiring an additional 876 shares during the period. Finally, St. Johns Investment Management Company LLC boosted its position in Microsoft by 3.3% in the second quarter. St. Johns Investment Management Company LLC now owns 17,187 shares of the software giant’s stock worth $7,682,000 after purchasing an additional 553 shares during the last quarter. Hedge funds and other institutional investors own 71.13% of the company’s stock.
Microsoft Stock Down 1.1 %
Shares of MSFT opened at $442.33 on Thursday. The company has a quick ratio of 1.29, a current ratio of 1.30 and a debt-to-equity ratio of 0.15. Microsoft Co. has a 52-week low of $385.58 and a 52-week high of $468.35. The company has a market cap of $3.29 trillion, a PE ratio of 36.50, a P/E/G ratio of 2.40 and a beta of 0.90. The business has a fifty day moving average of $432.01 and a 200 day moving average of $425.03.
Microsoft Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 20th will be issued a $0.83 dividend. The ex-dividend date of this dividend is Thursday, February 20th. This represents a $3.32 annualized dividend and a dividend yield of 0.75%. Microsoft’s payout ratio is 27.39%.
Analyst Ratings Changes
A number of research firms recently issued reports on MSFT. KeyCorp raised their price objective on shares of Microsoft from $490.00 to $505.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. TD Cowen decreased their target price on Microsoft from $495.00 to $475.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. Sanford C. Bernstein cut their price target on Microsoft from $501.00 to $500.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Wedbush reaffirmed an “outperform” rating and set a $550.00 price objective on shares of Microsoft in a research report on Tuesday, November 19th. Finally, Guggenheim restated a “neutral” rating on shares of Microsoft in a research note on Friday, January 24th. Three investment analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $512.66.
Read Our Latest Stock Report on Microsoft
Insider Buying and Selling
In other Microsoft news, EVP Christopher David Young sold 7,200 shares of the stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $423.66, for a total value of $3,050,352.00. Following the sale, the executive vice president now owns 103,366 shares in the company, valued at $43,792,039.56. This trade represents a 6.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CMO Takeshi Numoto sold 1,000 shares of Microsoft stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $414.72, for a total value of $414,720.00. Following the sale, the chief marketing officer now 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. In the last three months, insiders sold 41,200 shares of company stock valued at $17,383,892. Insiders own 0.03% of the company’s stock.
About Microsoft
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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