Triasima Portfolio Management inc. Has $7.91 Million Holdings in Microsoft Co. (NASDAQ:MSFT)

Triasima Portfolio Management inc. boosted its position in shares of Microsoft Co. (NASDAQ:MSFT) by 0.8% in the fourth quarter, Holdings Channel.com reports. The firm owned 18,763 shares of the software giant’s stock after purchasing an additional 152 shares during the period. Microsoft comprises 1.5% of Triasima Portfolio Management inc.’s holdings, making the stock its 19th largest holding. Triasima Portfolio Management inc.’s holdings in Microsoft were worth $7,909,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MSFT. International Assets Investment Management LLC boosted its stake in shares of Microsoft by 48,526.1% during the 3rd quarter. International Assets Investment Management LLC now owns 38,501,645 shares of the software giant’s stock worth $16,567,258,000 after acquiring an additional 38,422,466 shares in the last quarter. Assenagon Asset Management S.A. lifted 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 worth $4,439,407,000 after purchasing an additional 4,568,539 shares during the last quarter. Geode Capital Management LLC boosted its position in Microsoft by 2.0% during the third quarter. Geode Capital Management LLC now owns 165,024,812 shares of the software giant’s stock worth $70,790,682,000 after purchasing an additional 3,264,648 shares during the period. Baillie Gifford & Co. grew its holdings in Microsoft by 46.1% during the third quarter. Baillie Gifford & Co. now owns 7,048,244 shares of the software giant’s stock valued at $3,032,859,000 after purchasing an additional 2,222,483 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Microsoft by 4.1% in the third 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 purchasing an additional 2,125,030 shares during the period. Institutional investors own 71.13% of the company’s stock.

Microsoft Stock Performance

Microsoft stock opened at $359.84 on Friday. Microsoft Co. has a 52-week low of $359.48 and a 52-week high of $468.35. The firm has a market capitalization of $2.68 trillion, a P/E ratio of 28.97, a P/E/G ratio of 2.21 and a beta of 1.00. The stock has a fifty day moving average price of $399.08 and a two-hundred day moving average price of $417.30. 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 (NASDAQ:MSFT) last announced its earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share 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 firm earned $2.93 earnings per share. As a group, analysts anticipate that Microsoft Co. will post 13.08 EPS for the current fiscal year.

Microsoft Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Thursday, May 15th will be issued a dividend of $0.83 per share. The ex-dividend date is Thursday, May 15th. This represents a $3.32 annualized dividend and a yield of 0.92%. Microsoft’s dividend payout ratio is currently 26.73%.

Analysts Set New Price Targets

Several research firms recently issued reports on MSFT. Piper Sandler reaffirmed an “overweight” rating and set a $520.00 price objective on shares of Microsoft in a report on Monday, January 27th. DA Davidson raised Microsoft from a “neutral” rating to a “buy” rating and raised their price target for the company from $425.00 to $450.00 in a research report on Thursday, March 13th. Wedbush reiterated an “outperform” rating and issued a $550.00 price objective on shares of Microsoft in a research note on Thursday, March 20th. Jefferies Financial Group decreased their target price on Microsoft from $550.00 to $500.00 and set a “buy” rating for the company in a research note on Monday, March 31st. Finally, Mizuho dropped their price target on Microsoft from $510.00 to $500.00 and set an “outperform” rating on the stock in a research report on Thursday, January 30th. Four equities research analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $508.86.

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.