Microsoft Co. (NASDAQ:MSFT) is Jacobi Capital Management LLC’s 6th Largest Position

Jacobi Capital Management LLC lessened its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 1.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 45,654 shares of the software giant’s stock after selling 531 shares during the quarter. Microsoft makes up 1.4% of Jacobi Capital Management LLC’s portfolio, making the stock its 6th largest holding. Jacobi Capital Management LLC’s holdings in Microsoft were worth $19,243,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of MSFT. Proficio Capital Partners LLC lifted its position in Microsoft by 34,643.3% during the fourth quarter. Proficio Capital Partners LLC now owns 16,837,278 shares of the software giant’s stock valued at $7,096,913,000 after purchasing an additional 16,788,816 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in shares of Microsoft by 76.6% in the fourth quarter. Assenagon Asset Management S.A. now owns 10,532,402 shares of the software giant’s stock worth $4,439,407,000 after buying an additional 4,568,539 shares during the period. Geode Capital Management LLC lifted its position in shares of Microsoft by 2.0% during the 3rd quarter. Geode Capital Management LLC now owns 165,024,812 shares of the software giant’s stock valued at $70,790,682,000 after buying an additional 3,264,648 shares in the last quarter. Baillie Gifford & Co. grew its stake in shares of 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 acquiring an additional 2,222,483 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Microsoft by 4.1% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 54,590,791 shares of the software giant’s stock worth $23,490,417,000 after acquiring an additional 2,125,030 shares in the last quarter. Institutional investors own 71.13% of the company’s stock.

Analysts Set New Price Targets

MSFT has been the topic of several analyst reports. BMO Capital Markets lifted their price target on shares of Microsoft from $470.00 to $485.00 and gave the company an “outperform” rating in a report on Thursday, May 1st. Stifel Nicolaus upped their target price on shares of Microsoft from $475.00 to $500.00 and gave the stock a “buy” rating in a report on Thursday, May 1st. Needham & Company LLC reiterated a “buy” rating on shares of Microsoft in a research note on Thursday, May 1st. Royal Bank of Canada boosted their price objective on Microsoft from $500.00 to $525.00 and gave the company an “outperform” rating in a research report on Thursday, May 1st. Finally, JPMorgan Chase & Co. lifted their target price on Microsoft from $465.00 to $475.00 and gave the company an “overweight” rating in a research note on Thursday, May 1st. Five investment analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $507.77.

Insider Buying and Selling

In other Microsoft news, insider Bradford L. Smith sold 6,000 shares of the stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $433.17, for a total transaction of $2,599,020.00. Following the completion of the sale, the insider now directly owns 471,036 shares of the company’s stock, valued at approximately $204,038,664.12. This represents a 1.26 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.03% of the stock is currently owned by company insiders.

Microsoft Stock Performance

MSFT stock opened at $433.31 on Wednesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.34. Microsoft Co. has a 1-year low of $344.79 and a 1-year high of $468.35. The business has a 50-day moving average price of $386.48 and a 200 day moving average price of $411.27. The company has a market capitalization of $3.22 trillion, a P/E ratio of 34.89, a PEG ratio of 2.21 and a beta of 0.99.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings data on Wednesday, April 30th. The software giant reported $3.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.22 by $0.24. The firm had revenue of $70.07 billion for the quarter, compared to the consensus estimate of $68.54 billion. Microsoft had a net margin of 35.43% and a return on equity of 33.36%. The company’s quarterly revenue was up 13.3% on a year-over-year basis. During the same period last year, the firm earned $2.94 earnings per share. As a group, equities research analysts forecast that Microsoft Co. will post 13.08 EPS for the current fiscal year.

Microsoft Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 15th will be given a $0.83 dividend. This represents a $3.32 annualized dividend and a dividend yield of 0.77%. The ex-dividend date is Thursday, May 15th. Microsoft’s payout ratio is 25.66%.

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.