Torren Management LLC purchased a new stake in shares of Microsoft Corporation (NASDAQ:MSFT – Free Report) during the 4th quarter, Holdings Channel reports. The institutional investor purchased 3,029 shares of the software giant’s stock, valued at approximately $1,465,000. Microsoft accounts for approximately 0.7% of Torren Management LLC’s portfolio, making the stock its 21st largest position.
A number of other large investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in Microsoft by 2.3% during the fourth quarter. Vanguard Group Inc. now owns 717,942,580 shares of the software giant’s stock valued at $347,211,391,000 after buying an additional 15,955,898 shares during the last quarter. State Street Corp raised its stake in Microsoft by 1.1% during the second quarter. State Street Corp now owns 299,196,519 shares of the software giant’s stock valued at $148,823,341,000 after buying an additional 3,166,275 shares during the last quarter. Geode Capital Management LLC raised its stake in Microsoft by 2.0% during the second quarter. Geode Capital Management LLC now owns 179,001,751 shares of the software giant’s stock valued at $88,714,256,000 after buying an additional 3,532,054 shares during the last quarter. Norges Bank purchased a new position in Microsoft during the second quarter valued at $50,493,678,000. Finally, Northern Trust Corp raised its stake in Microsoft by 16.1% during the fourth quarter. Northern Trust Corp now owns 83,787,746 shares of the software giant’s stock valued at $35,316,535,000 after buying an additional 11,600,470 shares during the last quarter. Hedge funds and other institutional investors own 71.13% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of brokerages have issued reports on MSFT. Sanford C. Bernstein lifted their price objective on Microsoft from $641.00 to $646.00 and gave the company an “outperform” rating in a research note on Thursday, April 30th. Piper Sandler lifted their price objective on Microsoft from $500.00 to $540.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Tigress Financial lifted their price objective on Microsoft from $595.00 to $680.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. Daiwa Securities Group lowered their price objective on Microsoft from $630.00 to $600.00 and set a “buy” rating for the company in a research note on Wednesday, February 4th. Finally, DA Davidson decreased their price target on Microsoft from $650.00 to $550.00 and set a “buy” rating for the company in a research note on Thursday, April 30th. Thirty-nine analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $560.88.
Microsoft Price Performance
MSFT stock opened at $418.57 on Tuesday. Microsoft Corporation has a 1-year low of $356.28 and a 1-year high of $555.45. The business has a fifty day moving average price of $399.71 and a 200-day moving average price of $436.24. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.28 and a quick ratio of 1.27. The stock has a market capitalization of $3.11 trillion, a P/E ratio of 24.91, a P/E/G ratio of 1.51 and a beta of 1.10.
Microsoft (NASDAQ:MSFT – Get Free Report) last posted its quarterly earnings results on Wednesday, April 29th. The software giant reported $4.27 earnings per share for the quarter, topping the consensus estimate of $4.06 by $0.21. Microsoft had a return on equity of 31.94% and a net margin of 39.34%.The firm had revenue of $82.89 billion during the quarter, compared to analysts’ expectations of $81.44 billion. During the same quarter in the previous year, the business earned $3.46 earnings per share. The company’s revenue was up 18.3% on a year-over-year basis. Equities analysts forecast that Microsoft Corporation will post 16.76 earnings per share for the current fiscal year.
Microsoft Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 11th. Investors of record on Thursday, May 21st will be given a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Thursday, May 21st. Microsoft’s dividend payout ratio is 21.67%.
Insiders Place Their Bets
In related news, EVP Kathleen T. Hogan sold 12,321 shares of the company’s stock in a transaction on Friday, March 6th. The stock was sold at an average price of $409.52, for a total transaction of $5,045,695.92. Following the completion of the sale, the executive vice president owned 137,933 shares in the company, valued at approximately $56,486,322.16. This represents a 8.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Amy Coleman sold 1,262 shares of the company’s stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $411.34, for a total value of $519,111.08. Following the sale, the executive vice president owned 46,003 shares of the company’s stock, valued at approximately $18,922,874.02. This trade represents a 2.67% decrease in their position. The SEC filing for this sale provides additional information. 0.03% of the stock is currently owned by corporate insiders.
Trending Headlines about Microsoft
Here are the key news stories impacting Microsoft this week:
- Positive Sentiment: Bill Ackman’s Pershing Square disclosed a large new Microsoft stake, signaling strong confidence in MSFT’s long-term AI and cloud growth prospects. Billionaire Bill Ackman Just Made a Massive Bet on Microsoft. Here’s Why.
- Positive Sentiment: Analysts and market commentators continue to argue Microsoft remains a strong long-term compounder, with some saying the stock looks cheaper than it has in years on a cash-flow basis. Is Microsoft Stock a Steal Right Now?
- Positive Sentiment: Some analysts say Microsoft’s move away from an overly dependent OpenAI relationship could be beneficial over time because customers increasingly want access to multiple AI models rather than one exclusive partner. Why Microsoft’s Split With OpenAI May Be Great for the Stock in the Long Run
Microsoft Company Profile
Microsoft Corporation is a global technology company headquartered in Redmond, Washington. Founded in 1975 by Bill Gates and Paul Allen, Microsoft develops, licenses and supports a broad range of software products, services and devices for consumers, enterprises and governments worldwide. Its operations span personal computing, productivity software, cloud infrastructure, enterprise applications, developer tools and gaming.
Microsoft’s product portfolio includes the Windows operating system and the Microsoft 365 suite of productivity and collaboration tools (Office apps, Outlook, Teams).
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