Coalescence Partners Investment Management LP boosted its holdings in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) by 11.9% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 43,584 shares of the software giant's stock after purchasing an additional 4,641 shares during the period. Microsoft makes up 8.4% of Coalescence Partners Investment Management LP's investment portfolio, making the stock its 4th largest holding. Coalescence Partners Investment Management LP's holdings in Microsoft were worth $18,754,000 as of its most recent SEC filing.
A number of other institutional investors also recently bought and sold shares of MSFT. Net Worth Advisory Group purchased a new position in Microsoft in the 3rd quarter valued at $2,645,000. Oak Ridge Investments LLC boosted its holdings in shares of Microsoft by 7.6% in the third quarter. Oak Ridge Investments LLC now owns 263,534 shares of the software giant's stock valued at $113,399,000 after acquiring an additional 18,544 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in shares of Microsoft by 1.6% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,975,200 shares of the software giant's stock worth $882,816,000 after acquiring an additional 31,401 shares during the period. Jacobs & Co. CA raised its holdings in Microsoft by 0.9% during the third quarter. Jacobs & Co. CA now owns 96,021 shares of the software giant's stock worth $41,318,000 after purchasing an additional 880 shares in the last quarter. Finally, Focus Financial Network Inc. lifted its position in Microsoft by 2.0% in the third quarter. Focus Financial Network Inc. now owns 76,296 shares of the software giant's stock valued at $32,830,000 after purchasing an additional 1,489 shares during the period. 71.13% of the stock is currently owned by institutional investors and hedge funds.
Several equities analysts have issued reports on MSFT shares. Royal Bank of Canada reiterated an "outperform" rating and set a $500.00 target price on shares of Microsoft in a research report on Tuesday, November 5th. Citigroup decreased their target price on shares of Microsoft from $500.00 to $497.00 and set a "buy" rating on the stock in a research report on Wednesday, October 23rd. StockNews.com downgraded shares of Microsoft from a "buy" rating to a "hold" rating in a report on Tuesday. Wells Fargo & Company reissued a "buy" rating on shares of Microsoft in a report on Friday, October 18th. Finally, Wedbush reaffirmed an "outperform" rating and issued a $550.00 target price on shares of Microsoft in a report on Tuesday, November 19th. Three research analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company's stock. According to MarketBeat.com, Microsoft currently has an average rating of "Moderate Buy" and a consensus price target of $511.62.
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Shares of MSFT stock opened at $426.31 on Thursday. The firm's 50-day simple moving average is $429.08 and its 200-day simple moving average is $426.72. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.30 and a quick ratio of 1.29. Microsoft Co. has a 1-year low of $384.81 and a 1-year high of $468.35. The firm has a market cap of $3.17 trillion, a P/E ratio of 35.17, a PEG ratio of 2.37 and a beta of 0.90.
Microsoft (NASDAQ:MSFT - Get Free Report) last posted its quarterly earnings results on Wednesday, October 30th. The software giant reported $3.30 earnings per share for the quarter, topping analysts' consensus estimates of $3.10 by $0.20. Microsoft had a net margin of 35.61% and a return on equity of 34.56%. The company had revenue of $65.59 billion for the quarter, compared to the consensus estimate of $64.57 billion. During the same quarter last year, the firm posted $2.99 earnings per share. Microsoft's revenue was up 16.0% on a year-over-year basis. As a group, equities analysts forecast that Microsoft Co. will post 12.93 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 20th will be paid a dividend of $0.83 per share. The ex-dividend date of this dividend is Thursday, February 20th. This represents a $3.32 annualized dividend and a yield of 0.78%. Microsoft's dividend payout ratio is presently 27.39%.
In related news, CMO Takeshi Numoto sold 2,500 shares of the company's stock in a transaction on Monday, December 9th. The shares were sold at an average price of $447.41, for a total transaction of $1,118,525.00. Following the completion of the sale, the chief marketing officer now directly owns 49,352 shares of the company's stock, valued at approximately $22,080,578.32. This represents a 4.82 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Christopher David Young sold 7,200 shares of the firm's stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $423.66, for a total value of $3,050,352.00. Following the completion of the transaction, the executive vice president now directly owns 103,366 shares in the company, valued at $43,792,039.56. This trade represents a 6.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 41,200 shares of company stock worth $17,383,892 in the last three months. 0.03% of the stock is currently owned by company insiders.
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.
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