Microsoft Co. (NASDAQ:MSFT) Stake Raised by Cross Staff Investments Inc

Cross Staff Investments Inc raised its holdings in Microsoft Co. (NASDAQ:MSFT) by 0.6% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,466 shares of the software giant’s stock after buying an additional 61 shares during the period. Microsoft makes up approximately 3.0% of Cross Staff Investments Inc’s portfolio, making the stock its 6th largest position. Cross Staff Investments Inc’s holdings in Microsoft were worth $3,990,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. International Assets Investment Management LLC grew its position in shares of Microsoft by 48,526.1% during the third quarter. International Assets Investment Management LLC now owns 38,501,645 shares of the software giant’s stock worth $16,567,258,000 after buying an additional 38,422,466 shares in the last quarter. Assenagon Asset Management S.A. lifted its stake in 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 acquiring an additional 4,568,539 shares during the last quarter. Geode Capital Management LLC grew its holdings in Microsoft by 2.0% during the 3rd quarter. Geode Capital Management LLC now owns 165,024,812 shares of the software giant’s stock worth $70,790,682,000 after acquiring an additional 3,264,648 shares in the last quarter. Baillie Gifford & Co. increased its position in shares of 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 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 holdings in shares of 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 purchasing an additional 2,125,030 shares in the last quarter. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Wall Street Analyst Weigh In

MSFT has been the subject of a number of analyst reports. Stifel Nicolaus lowered their target price on shares of Microsoft from $515.00 to $475.00 and set a “buy” rating for the company in a research note on Friday, March 7th. Morgan Stanley dropped their price objective on Microsoft from $540.00 to $530.00 and set an “overweight” rating on the stock in a report on Thursday, January 30th. UBS Group cut their target price on Microsoft from $525.00 to $510.00 and set a “buy” rating on the stock in a research report on Thursday, January 30th. DA Davidson raised Microsoft from a “neutral” rating to a “buy” rating and upped their price target for the company from $425.00 to $450.00 in a report on Thursday, March 13th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $500.00 price objective on shares of Microsoft in a report on Thursday, January 30th. Three investment analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Microsoft has a consensus rating of “Moderate Buy” and an average target price of $510.59.

Microsoft Stock Up 0.2 %

Shares of Microsoft stock opened at $390.58 on Friday. Microsoft Co. has a one year low of $376.91 and a one year high of $468.35. The company has a market cap of $2.90 trillion, a P/E ratio of 31.45, 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 firm has a fifty day moving average of $406.52 and a two-hundred day moving average of $419.25.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.15 by $0.08. Microsoft had a net margin of 35.43% and a return on equity of 33.36%. During the same quarter in the previous year, the company earned $2.93 earnings per share. On average, analysts forecast that Microsoft Co. will post 13.08 earnings per share for the current year.

Microsoft Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Thursday, May 15th will be paid a $0.83 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.85%. Microsoft’s dividend payout ratio (DPR) is presently 26.73%.

Microsoft Profile

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.