Summit X LLC Has $9.21 Million Stake in Microsoft Co. (NASDAQ:MSFT)

Summit X LLC lifted its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 4.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 21,837 shares of the software giant’s stock after buying an additional 860 shares during the quarter. Microsoft comprises approximately 2.0% of Summit X LLC’s investment portfolio, making the stock its 14th largest holding. Summit X LLC’s holdings in Microsoft were worth $9,206,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of MSFT. Geode Capital Management LLC grew its position 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 purchasing an additional 3,264,648 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position 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 purchasing an additional 2,125,030 shares during the period. Charles Schwab Investment Management Inc. grew its position in Microsoft by 3.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 49,052,704 shares of the software giant’s stock valued at $20,675,715,000 after purchasing an additional 1,823,579 shares during the period. Franklin Resources Inc. grew its position in Microsoft by 1.1% in the 3rd quarter. Franklin Resources Inc. now owns 38,420,657 shares of the software giant’s stock valued at $16,104,959,000 after purchasing an additional 406,940 shares during the period. Finally, Fisher Asset Management LLC grew its position in Microsoft by 1.2% in the 4th quarter. Fisher Asset Management LLC now owns 28,228,502 shares of the software giant’s stock valued at $11,898,314,000 after purchasing an additional 324,052 shares during the period. Institutional investors and hedge funds own 71.13% of the company’s stock.

Insider Buying and Selling

In other news, EVP Amy Coleman sold 13,243 shares of the company’s stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $452.01, for a total transaction of $5,985,968.43. Following the sale, the executive vice president now directly owns 43,100 shares in the company, valued at $19,481,631. This represents a 23.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Bradford L. Smith sold 6,000 shares of the company’s stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $433.17, for a total value of $2,599,020.00. Following the sale, the insider now owns 471,036 shares in the company, valued at approximately $204,038,664.12. This represents a 1.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 94,243 shares of company stock valued at $41,288,738. Company insiders own 0.03% of the company’s stock.

Wall Street Analyst Weigh In

MSFT has been the topic of a number of analyst reports. DA Davidson lifted their price objective on shares of Microsoft from $450.00 to $500.00 and gave the stock a “buy” rating in a report on Thursday, May 1st. Needham & Company LLC reaffirmed a “buy” rating on shares of Microsoft in a report on Thursday, May 1st. Wedbush lifted their price objective on shares of Microsoft from $475.00 to $515.00 and gave the stock an “outperform” rating in a report on Thursday, May 1st. Morgan Stanley lifted their price objective on shares of Microsoft from $472.00 to $482.00 and gave the stock an “overweight” rating in a report on Thursday, May 1st. Finally, The Goldman Sachs Group lifted their price objective on shares of Microsoft from $450.00 to $480.00 and gave the stock a “buy” rating in a report on Thursday, May 1st. Five equities research analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $510.30.

Microsoft Stock Performance

Shares of MSFT stock opened at $454.27 on Monday. The firm’s 50 day moving average is $395.33 and its 200 day moving average is $412.34. The stock has a market capitalization of $3.38 trillion, a P/E ratio of 36.58, a PEG ratio of 2.21 and a beta of 0.99. Microsoft Co. has a 12 month low of $344.79 and a 12 month high of $468.35. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.13.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings data on Wednesday, April 30th. The software giant reported $3.46 EPS for the quarter, topping the consensus estimate of $3.22 by $0.24. The company had revenue of $70.07 billion during 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%. Microsoft’s revenue for the quarter was up 13.3% on a year-over-year basis. During the same period last year, the firm earned $2.94 EPS. On average, sell-side analysts anticipate that Microsoft Co. will post 13.08 earnings per share for the current year.

Microsoft Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Thursday, May 15th will be issued a $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 0.73%. The ex-dividend date is Thursday, May 15th. Microsoft’s dividend payout ratio (DPR) is presently 25.66%.

Microsoft Company 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.