Griffin Asset Management Inc. trimmed its stake in shares of Microsoft Corporation (NASDAQ:MSFT – Free Report) by 3.3% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 78,484 shares of the software giant’s stock after selling 2,645 shares during the period. Microsoft makes up 3.3% of Griffin Asset Management Inc.’s investment portfolio, making the stock its 2nd largest holding. Griffin Asset Management Inc.’s holdings in Microsoft were worth $29,053,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. WFA Asset Management Corp lifted its holdings in shares of Microsoft by 27.0% during the 1st quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant’s stock valued at $427,000 after buying an additional 216 shares during the period. Ironwood Wealth Management LLC. boosted its stake in shares of Microsoft by 0.3% in the 2nd quarter. Ironwood Wealth Management LLC. now owns 12,658 shares of the software giant’s stock worth $5,658,000 after buying an additional 38 shares during the last quarter. Discipline Wealth Solutions LLC grew its holdings in shares of Microsoft by 410.4% in the third quarter. Discipline Wealth Solutions LLC now owns 2,659 shares of the software giant’s stock worth $1,144,000 after acquiring an additional 2,138 shares during the period. Wealth Group Ltd. increased its position in Microsoft by 1.2% during the fourth quarter. Wealth Group Ltd. now owns 2,374 shares of the software giant’s stock valued at $1,000,000 after acquiring an additional 28 shares during the last quarter. Finally, Eagle Capital Management LLC increased its position in Microsoft by 0.4% during the fourth quarter. Eagle Capital Management LLC now owns 23,097 shares of the software giant’s stock valued at $9,735,000 after acquiring an additional 96 shares during the last quarter. Institutional investors own 71.13% of the company’s stock.
Microsoft News Summary
Here are the key news stories impacting Microsoft this week:
- Positive Sentiment: Microsoft expanded its partnership with Databricks through the 2030s, deepening integrations across Azure, Microsoft 365, Teams and Copilot and reinforcing its cloud and AI ecosystem. Microsoft (MSFT) Expands Partnership with AI Firm Databricks
- Positive Sentiment: Microsoft also deepened ties with AI startup Mistral, adding another strategic AI partner and broadening its footprint in regulated industries and Europe. Microsoft and Mistral expand strategic partnership
- Positive Sentiment: Microsoft committed $60 million and Azure compute credits to the U.S. Department of Energy’s “Genesis Mission,” highlighting ongoing investment in AI-for-science initiatives and government relationships. Microsoft commits $60M to ‘Genesis Mission’
- Positive Sentiment: Analyst commentary remained constructive, with Truist reiterating a buy rating and a $575 price target, suggesting substantial upside if earnings and AI demand remain solid. Analyst note on Microsoft
Insiders Place Their Bets
Analyst Ratings Changes
MSFT has been the topic of several research reports. Morgan Stanley started coverage on Microsoft in a research report on Tuesday. They issued an “overweight” rating and a $600.00 target price on the stock. Phillip Securities raised shares of Microsoft to a “buy” rating and set a $485.00 price target for the company in a research report on Wednesday, May 13th. Jefferies Financial Group reiterated a “buy” rating on shares of Microsoft in a research note on Monday, May 4th. Citizens Jmp assumed coverage on shares of Microsoft in a research report on Monday, June 1st. They set an “outperform” rating and a $550.00 target price for the company. Finally, Scotiabank upgraded shares of Microsoft from an “outperform” rating to an “outperform” rating in a research report on Monday, July 6th. Forty-two research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, Microsoft currently has a consensus rating of “Moderate Buy” and an average price target of $555.40.
Get Our Latest Stock Report on MSFT
Microsoft Stock Down 2.2%
NASDAQ MSFT opened at $381.58 on Friday. Microsoft Corporation has a 52 week low of $349.20 and a 52 week high of $555.45. The company has a quick ratio of 1.27, a current ratio of 1.28 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $2.83 trillion, a P/E ratio of 22.71, a price-to-earnings-growth ratio of 1.20 and a beta of 1.13. The stock’s 50-day moving average price is $399.01 and its 200-day moving average price is $408.26.
Microsoft (NASDAQ:MSFT – Get Free Report) last announced its quarterly earnings data on Wednesday, April 29th. The software giant reported $4.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.06 by $0.21. The company had revenue of $82.89 billion during the quarter, compared to the consensus estimate of $81.44 billion. Microsoft had a return on equity of 31.94% and a net margin of 39.34%.The firm’s revenue was up 18.3% on a year-over-year basis. During the same period in the previous year, the company posted $3.46 EPS. On average, equities research analysts predict that Microsoft Corporation will post 16.7 earnings per share for the current year.
Microsoft Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Thursday, August 20th will be issued a dividend of $0.91 per share. The ex-dividend date of this dividend is Thursday, August 20th. This represents a $3.64 annualized dividend and a yield of 1.0%. Microsoft’s payout ratio is currently 21.67%.
About Microsoft
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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