International Assets Investment Management LLC Boosts Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

International Assets Investment Management LLC grew its position in Microsoft Co. (NASDAQ:MSFT) by 8.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 73,566 shares of the software giant’s stock after purchasing an additional 5,498 shares during the period. Microsoft comprises about 0.9% of International Assets Investment Management LLC’s portfolio, making the stock its 13th largest position. International Assets Investment Management LLC’s holdings in Microsoft were worth $31,234,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Financial Security Advisor Inc. lifted its position in shares of Microsoft by 1.7% during the 4th quarter. Financial Security Advisor Inc. now owns 27,270 shares of the software giant’s stock worth $10,255,000 after buying an additional 452 shares in the last quarter. Gunderson Capital Management Inc. increased its position in shares of Microsoft by 0.7% during the fourth quarter. Gunderson Capital Management Inc. now owns 24,887 shares of the software giant’s stock valued at $9,359,000 after acquiring an additional 185 shares during the last quarter. Rappaport Reiches Capital Management LLC lifted its holdings in Microsoft by 14.9% during the fourth quarter. Rappaport Reiches Capital Management LLC now owns 8,213 shares of the software giant’s stock worth $3,089,000 after acquiring an additional 1,067 shares during the period. Bayesian Capital Management LP boosted its position in Microsoft by 60.1% in the fourth quarter. Bayesian Capital Management LP now owns 48,500 shares of the software giant’s stock worth $18,238,000 after purchasing an additional 18,200 shares during the last quarter. Finally, RNC Capital Management LLC grew its stake in Microsoft by 10.4% in the 4th quarter. RNC Capital Management LLC now owns 69,053 shares of the software giant’s stock valued at $25,967,000 after purchasing an additional 6,484 shares during the period. 71.13% of the stock is owned by institutional investors.

Microsoft Trading Up 0.2 %

Shares of MSFT opened at $452.85 on Friday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.23 and a current ratio of 1.24. Microsoft Co. has a fifty-two week low of $309.45 and a fifty-two week high of $456.17. The firm has a 50 day moving average price of $422.18 and a 200-day moving average price of $408.83. The firm has a market cap of $3.37 trillion, a price-to-earnings ratio of 39.21, a PEG ratio of 2.38 and a beta of 0.89.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings results on Thursday, April 25th. The software giant reported $2.94 earnings per share for the quarter, topping the consensus estimate of $2.81 by $0.13. Microsoft had a net margin of 36.43% and a return on equity of 37.54%. The business had revenue of $61.86 billion during the quarter, compared to the consensus estimate of $60.86 billion. During the same period in the previous year, the firm posted $2.45 earnings per share. The firm’s revenue for the quarter was up 17.0% on a year-over-year basis. As a group, equities research analysts forecast that Microsoft Co. will post 11.77 earnings per share for the current year.

Microsoft Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 12th. Investors of record on Thursday, August 15th will be given a dividend of $0.75 per share. The ex-dividend date is Thursday, August 15th. This represents a $3.00 annualized dividend and a yield of 0.66%. Microsoft’s payout ratio is 25.97%.

Wall Street Analysts Forecast Growth

MSFT has been the topic of a number of recent analyst reports. DA Davidson reiterated a “buy” rating and set a $500.00 target price on shares of Microsoft in a research note on Friday, March 15th. New Street Research started coverage on shares of Microsoft in a research report on Monday, June 10th. They issued a “buy” rating and a $570.00 price objective on the stock. Morgan Stanley increased their target price on shares of Microsoft from $465.00 to $520.00 and gave the company an “overweight” rating in a research report on Thursday, April 11th. Wells Fargo & Company lifted their price target on shares of Microsoft from $480.00 to $500.00 and gave the stock an “overweight” rating in a report on Friday, April 26th. Finally, Evercore ISI increased their price objective on Microsoft from $475.00 to $485.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Three equities research analysts have rated the stock with a hold rating and thirty-three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $467.12.

Insiders Place Their Bets

In other news, EVP Judson Althoff sold 25,000 shares of the stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $425.68, for a total transaction of $10,642,000.00. Following the completion of the sale, the executive vice president now owns 104,949 shares of the company’s stock, valued at $44,674,690.32. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Microsoft news, EVP Judson Althoff sold 25,000 shares of the business’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $425.68, for a total value of $10,642,000.00. Following the transaction, the executive vice president now owns 104,949 shares in the company, valued at $44,674,690.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CMO Takeshi Numoto sold 322 shares of the stock in a transaction dated Friday, May 31st. The stock was sold at an average price of $416.60, for a total transaction of $134,145.20. Following the sale, the chief marketing officer now owns 47,255 shares of the company’s stock, valued at $19,686,433. The disclosure for this sale can be found here. Insiders have sold 25,566 shares of company stock valued at $10,877,535 in the last ninety days. Company insiders own 0.03% of the company’s stock.

About Microsoft

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.