Union Bancaire Privee UBP SA Has $378.13 Million Position in Microsoft Corporation $MSFT

Union Bancaire Privee UBP SA lowered its holdings in shares of Microsoft Corporation (NASDAQ:MSFTFree Report) by 2.6% in the first quarter, Holdings Channel.com reports. The fund owned 1,021,503 shares of the software giant’s stock after selling 26,742 shares during the quarter. Microsoft comprises 6.4% of Union Bancaire Privee UBP SA’s portfolio, making the stock its biggest holding. Union Bancaire Privee UBP SA’s holdings in Microsoft were worth $378,130,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of MSFT. Norges Bank purchased a new stake in Microsoft in the 4th quarter valued at about $50,664,631,000. Auto Owners Insurance Co increased its position in shares of Microsoft by 56,160.8% during the fourth quarter. Auto Owners Insurance Co now owns 60,116,384 shares of the software giant’s stock worth $29,073,486,000 after acquiring an additional 60,009,531 shares during the period. Nuveen LLC purchased a new position in shares of Microsoft during the first quarter worth approximately $18,733,827,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Microsoft by 500.0% during the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 59,543,261 shares of the software giant’s stock valued at $30,840,432,000 after acquiring an additional 49,618,571 shares in the last quarter. Finally, Laurel Wealth Advisors LLC boosted its holdings in shares of Microsoft by 49,640.3% in the second quarter. Laurel Wealth Advisors LLC now owns 29,967,038 shares of the software giant’s stock valued at $14,905,904,000 after purchasing an additional 29,906,791 shares during the period. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Analyst Ratings Changes

MSFT has been the topic of several research reports. Citigroup began coverage on Microsoft in a report on Monday, June 1st. They set a “market outperform” rating on the stock. Citizens Jmp initiated coverage on Microsoft in a research report on Monday, June 1st. They set an “outperform” rating and a $550.00 price target on the stock. Evercore cut their price target on Microsoft from $580.00 to $510.00 and set an “outperform” rating on the stock in a research note on Thursday, April 30th. Phillip Securities upgraded Microsoft to a “buy” rating and set a $485.00 price objective for the company in a report on Wednesday, May 13th. Finally, TD Cowen reaffirmed a “buy” rating and issued a $540.00 price objective on shares of Microsoft in a research note on Thursday, June 4th. Forty-one equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $560.86.

View Our Latest Stock Report on Microsoft

Microsoft Price Performance

Shares of MSFT stock opened at $390.49 on Monday. The stock’s 50-day moving average is $406.14 and its 200 day moving average is $417.46. Microsoft Corporation has a 1-year low of $349.20 and a 1-year high of $555.45. 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 company has a market cap of $2.90 trillion, a P/E ratio of 23.24, a PEG ratio of 1.22 and a beta of 1.13.

Microsoft (NASDAQ:MSFTGet Free Report) last released its quarterly earnings results on Wednesday, April 29th. The software giant reported $4.27 EPS for the quarter, beating the consensus estimate of $4.06 by $0.21. Microsoft had a net margin of 39.34% and a return on equity of 31.94%. The business had revenue of $82.89 billion during the quarter, compared to analyst estimates of $81.44 billion. During the same period in the prior year, the firm posted $3.46 earnings per share. The company’s quarterly revenue was up 18.3% on a year-over-year basis. Research analysts predict that Microsoft Corporation will post 16.76 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Thursday, August 20th will be given a dividend of $0.91 per share. The ex-dividend date of this dividend is Thursday, August 20th. This represents a $3.64 dividend on an annualized basis and a yield of 0.9%. Microsoft’s dividend payout ratio is presently 21.67%.

Microsoft News Roundup

Here are the key news stories impacting Microsoft this week:

Insider Buying and Selling at Microsoft

In other Microsoft news, EVP Takeshi Numoto sold 4,500 shares of Microsoft stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $402.84, for a total value of $1,812,780.00. Following the transaction, the executive vice president directly owned 47,468 shares of the company’s stock, valued at approximately $19,122,009.12. The trade was a 8.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Judson Althoff sold 15,500 shares of the company’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $460.99, for a total value of $7,145,345.00. Following the transaction, the chief executive officer directly owned 110,477 shares in the company, valued at approximately $50,928,792.23. The trade was a 12.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 23,762 shares of company stock worth $10,508,361 over the last three months. Corporate insiders own 0.03% of the company’s stock.

Microsoft Company Profile

(Free Report)

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).

Read More

Want to see what other hedge funds are holding MSFT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Microsoft Corporation (NASDAQ:MSFTFree Report).

Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

Receive News & Ratings for Microsoft Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Microsoft and related companies with MarketBeat.com's FREE daily email newsletter.