Microsoft Co. (NASDAQ:MSFT) is OLD National Bancorp IN’s 4th Largest Position

OLD National Bancorp IN increased its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 0.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 321,456 shares of the software giant’s stock after buying an additional 2,783 shares during the quarter. Microsoft comprises approximately 3.2% of OLD National Bancorp IN’s portfolio, making the stock its 4th biggest holding. OLD National Bancorp IN’s holdings in Microsoft were worth $135,494,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Geode Capital Management LLC increased its holdings in shares of Microsoft by 2.0% during the 3rd quarter. Geode Capital Management LLC now owns 165,024,812 shares of the software giant’s stock worth $70,790,682,000 after buying an additional 3,264,648 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Microsoft by 4.1% during 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 acquiring an additional 2,125,030 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Microsoft by 1.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 47,229,125 shares of the software giant’s stock worth $20,322,513,000 after acquiring an additional 652,493 shares during the last quarter. International Assets Investment Management LLC raised its holdings in shares of Microsoft by 48,526.1% in the 3rd quarter. International Assets Investment Management LLC now owns 38,501,645 shares of the software giant’s stock worth $16,567,258,000 after purchasing an additional 38,422,466 shares during the period. Finally, Franklin Resources Inc. lifted its stake in shares of Microsoft by 1.1% in the 3rd quarter. Franklin Resources Inc. now owns 38,420,657 shares of the software giant’s stock valued at $16,104,959,000 after purchasing an additional 406,940 shares in the last quarter. 71.13% of the stock is owned by institutional investors and hedge funds.

Microsoft Trading Up 1.1 %

Microsoft stock opened at $391.26 on Monday. Microsoft Co. has a 1 year low of $376.91 and a 1 year high of $468.35. The firm’s 50-day moving average is $408.82 and its 200-day moving average is $419.74. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.34 and a current ratio of 1.35. The company has a market cap of $2.91 trillion, a P/E ratio of 31.50, a PEG ratio of 2.21 and a beta of 0.92.

Microsoft (NASDAQ:MSFT) last issued its earnings results 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 net margin of 35.43% and a return on equity of 33.36%. During the same period in the previous year, the company earned $2.93 EPS. On average, equities analysts expect that Microsoft Co. will post 13.08 earnings per share for the current year.

Microsoft Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research firms recently commented on MSFT. Scotiabank began coverage on shares of Microsoft in a report on Thursday. They issued a “sector outperform” rating and a $470.00 price target on the stock. UBS Group reduced their target price on shares of Microsoft from $525.00 to $510.00 and set a “buy” rating on the stock in a report on Thursday, January 30th. Stifel Nicolaus decreased their price target on shares of Microsoft from $515.00 to $475.00 and set a “buy” rating for the company in a research report on Friday, March 7th. Tigress Financial raised their price objective on Microsoft from $550.00 to $595.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $509.00 target price on shares of Microsoft in a research report on Wednesday, January 29th. Three equities research analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $510.59.

Microsoft Company 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.