Microsoft Co. (NASDAQ:MSFT) Stock Holdings Increased by Beck Bode LLC
Beck Bode LLC significantly increased its stake in Microsoft Co. (NASDAQ:MSFT) by 4,609.4% in Q1, owning 29,104 shares post-acquisition. Other institutional investors have also made substantial investments. Insiders hold 0.03% of the stock. Analysts maintain a consensus rating of "Moderate Buy" for MSFT, with a target price of $359.72. Microsoft’s last earnings report showed an EPS of $1.95, exceeding estimates.
Beck Bode LLC increased its stake in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) by 4,609.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,104 shares of the software giant's stock after purchasing an additional 28,486 shares during the quarter. Microsoft makes up approximately 2.5% of Beck Bode LLC's holdings, making the stock its 7th largest holding. Beck Bode LLC's holdings in Microsoft were worth $12,245,000 at the end of the most recent reporting period.
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Several other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in Microsoft during the fourth quarter worth approximately $35,920,047,000. International Assets Investment Management LLC acquired a new stake in shares of Microsoft during the 4th quarter worth $9,625,201,000. Vanguard Group Inc. raised its position in shares of Microsoft by 2.4% in the 4th quarter. Vanguard Group Inc. now owns 664,908,939 shares of the software giant's stock worth $250,032,357,000 after buying an additional 15,701,937 shares during the period. Swedbank AB acquired a new position in Microsoft in the first quarter valued at $5,587,119,000. Finally, TCI Fund Management Ltd. acquired a new stake in Microsoft during the fourth quarter worth about $4,000,376,000. Institutional investors and hedge funds own 71.13% of the company's stock.
Insiders Place Their Bets
In other news, CMO Takeshi Numoto sold 322 shares of the business's stock in a transaction that occurred on Friday, May 31st. The stock was sold at an average price of $416.60, for a total transaction of $134,145.20. Following the completion of the transaction, the chief marketing officer now directly owns 47,255 shares in the company, valued at $19,686,433. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.03% of the stock is owned by insiders.
Analyst Ratings Changes
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MSFT has been the topic of several research analyst reports. Wedbush reaffirmed an "outperform" rating and issued a $550.00 price objective on shares of Microsoft in a research note on Wednesday, July 31st. Macquarie boosted their price objective on shares of Microsoft from $460.00 to $475.00 and gave the stock an "outperform" rating in a research note on Friday, May 17th. Truist Financial restated a "buy" rating and set a $600.00 target price on shares of Microsoft in a report on Monday, June 17th. Wells Fargo & Company increased their price target on Microsoft from $500.00 to $515.00 and gave the company an "overweight" rating in a report on Wednesday, July 31st. Finally, The Goldman Sachs Group boosted their price objective on Microsoft from $450.00 to $515.00 and gave the stock a "buy" rating in a research note on Friday, April 26th. Two research analysts have rated the stock with a hold rating and thirty-two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $494.72.
Check Out Our Latest Stock Report on MSFT
Microsoft Stock Up 0.3 %
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NASDAQ:MSFT opened at $416.79 on Friday. The company has a current ratio of 1.27, a quick ratio of 1.23 and a debt-to-equity ratio of 0.16. The stock has a 50 day moving average of $435.06 and a 200-day moving average of $422.70. The firm has a market capitalization of $3.10 trillion, a PE ratio of 36.09, a price-to-earnings-growth ratio of 2.11 and a beta of 0.90. Microsoft Co. has a 52 week low of $309.45 and a 52 week high of $468.35.
Microsoft (NASDAQ:MSFT - Get Free Report) last issued its quarterly earnings data on Tuesday, July 30th. The software giant reported $2.95 EPS for the quarter, topping analysts' consensus estimates of $2.90 by $0.05. The firm had revenue of $64.73 billion during the quarter, compared to the consensus estimate of $64.38 billion. Microsoft had a return on equity of 35.95% and a net margin of 35.96%. The firm's revenue was up 15.2% on a year-over-year basis. During the same period in the prior year, the business earned $2.69 EPS. Analysts predict that Microsoft Co. will post 13.04 EPS for the current year.
Microsoft Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Thursday, August 15th will be paid a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date of this dividend is Thursday, August 15th. Microsoft's payout ratio is 25.97%.
Microsoft Company 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.
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