Penbrook Management LLC Has $11.30 Million Stock Position in Microsoft Co. (NASDAQ:MSFT)

Penbrook Management LLC cut its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 1.2% in the fourth quarter, Holdings Channel reports. The fund owned 26,803 shares of the software giant’s stock after selling 325 shares during the period. Microsoft comprises approximately 7.7% of Penbrook Management LLC’s holdings, making the stock its 3rd biggest position. Penbrook Management LLC’s holdings in Microsoft were worth $11,297,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MSFT. International Assets Investment Management LLC lifted its holdings in shares of Microsoft by 48,526.1% during the third quarter. International Assets Investment Management LLC now owns 38,501,645 shares of the software giant’s stock valued at $16,567,258,000 after acquiring an additional 38,422,466 shares during the period. Assenagon Asset Management S.A. lifted its holdings in shares of Microsoft by 76.6% during the fourth quarter. Assenagon Asset Management S.A. now owns 10,532,402 shares of the software giant’s stock valued at $4,439,407,000 after acquiring an additional 4,568,539 shares during the period. Geode Capital Management LLC raised its holdings in shares of Microsoft by 2.0% in the third quarter. Geode Capital Management LLC now owns 165,024,812 shares of the software giant’s stock valued at $70,790,682,000 after buying an additional 3,264,648 shares during the last quarter. Baillie Gifford & Co. raised its holdings in shares of Microsoft by 46.1% in the third quarter. Baillie Gifford & Co. now owns 7,048,244 shares of the software giant’s stock valued at $3,032,859,000 after buying an additional 2,222,483 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Microsoft by 4.1% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 54,590,791 shares of the software giant’s stock valued at $23,490,417,000 after buying an additional 2,125,030 shares during the last quarter. 71.13% of the stock is owned by institutional investors.

Microsoft Trading Up 1.1 %

Shares of Microsoft stock opened at $391.26 on Friday. Microsoft Co. has a 12-month low of $376.91 and a 12-month high of $468.35. The stock has a market cap of $2.91 trillion, a P/E ratio of 31.50, a P/E/G ratio of 2.21 and a beta of 0.92. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. The business’s 50 day moving average is $408.82 and its 200-day moving average is $419.67.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Wednesday, January 29th. The software giant reported $3.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.15 by $0.08. Microsoft had a return on equity of 33.36% and a net margin of 35.43%. During the same quarter in the previous year, the company posted $2.93 EPS. Equities research analysts predict that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 15th will be paid a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date is Thursday, May 15th. Microsoft’s dividend payout ratio is currently 26.73%.

Analysts Set New Price Targets

A number of research firms recently issued reports on MSFT. Wedbush reaffirmed an “outperform” rating and issued a $550.00 price target on shares of Microsoft in a report on Thursday. UBS Group cut their price target on Microsoft from $525.00 to $510.00 and set a “buy” rating for the company in a report on Thursday, January 30th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $509.00 price target on shares of Microsoft in a report on Wednesday, January 29th. Scotiabank began coverage on Microsoft in a report on Thursday. They issued a “sector outperform” rating and a $470.00 price target for the company. Finally, DA Davidson raised Microsoft from a “neutral” rating to a “buy” rating and lifted their price target for the company from $425.00 to $450.00 in a report on Thursday, March 13th. Three analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $510.59.

Microsoft Profile

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.