Microsoft Co. (NASDAQ:MSFT) Shares Acquired by Park Place Capital Corp

Park Place Capital Corp increased its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 2.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 17,060 shares of the software giant’s stock after purchasing an additional 456 shares during the period. Microsoft makes up approximately 2.0% of Park Place Capital Corp’s holdings, making the stock its 10th largest position. Park Place Capital Corp’s holdings in Microsoft were worth $7,191,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. International Assets Investment Management LLC raised its holdings in Microsoft by 48,526.1% in the 3rd quarter. International Assets Investment Management LLC now owns 38,501,645 shares of the software giant’s stock valued at $16,567,258,000 after acquiring an additional 38,422,466 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in Microsoft by 76.6% in the 4th quarter. Assenagon Asset Management S.A. now owns 10,532,402 shares of the software giant’s stock valued at $4,439,407,000 after acquiring an additional 4,568,539 shares in the last quarter. Geode Capital Management LLC raised its holdings in Microsoft by 2.0% in 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 acquiring an additional 3,264,648 shares in the last quarter. Baillie Gifford & Co. raised its holdings in Microsoft by 46.1% in 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 in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised 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 valued at $23,490,417,000 after acquiring an additional 2,125,030 shares in the last quarter. Institutional investors and hedge funds own 71.13% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on MSFT. Mizuho cut their price target on Microsoft from $510.00 to $500.00 and set an “outperform” rating for the company in a report on Thursday, January 30th. UBS Group dropped their target price on Microsoft from $525.00 to $510.00 and set a “buy” rating for the company in a report on Thursday, January 30th. DA Davidson reissued a “neutral” rating and issued a $425.00 target price on shares of Microsoft in a report on Thursday, January 30th. Royal Bank of Canada reissued an “outperform” rating and issued a $500.00 target price on shares of Microsoft in a report on Thursday, January 30th. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $509.00 target price on shares of Microsoft in a report on Wednesday, January 29th. Four analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $509.54.

Microsoft Stock Down 0.9 %

Shares of MSFT opened at $393.31 on Monday. The firm has a market capitalization of $2.92 trillion, a price-to-earnings ratio of 31.67, a PEG ratio of 2.21 and a beta of 0.92. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.34 and a current ratio of 1.35. The business’s fifty day moving average price is $416.40 and its two-hundred day moving average price is $421.85. Microsoft Co. has a 52 week low of $381.00 and a 52 week high of $468.35.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Wednesday, January 29th. The software giant reported $3.23 EPS for the quarter, beating analysts’ consensus estimates 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 period last year, the business posted $2.93 EPS. On average, analysts predict that Microsoft Co. will post 13.08 earnings per share for the current year.

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.