Saxony Capital Management LLC Has $1.58 Million Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

Saxony Capital Management LLC lessened its holdings in Microsoft Co. (NASDAQ:MSFT) by 6.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,737 shares of the software giant’s stock after selling 268 shares during the period. Microsoft makes up 1.4% of Saxony Capital Management LLC’s portfolio, making the stock its 25th biggest position. Saxony Capital Management LLC’s holdings in Microsoft were worth $1,575,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. International Assets Investment Management LLC boosted its stake in 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 valued at $16,567,258,000 after buying an additional 38,422,466 shares in the last quarter. 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 boosted its stake in shares of Microsoft by 2.0% in the 3rd quarter. Geode Capital Management LLC now owns 165,024,812 shares of the software giant’s stock valued at $70,790,682,000 after purchasing an additional 3,264,648 shares in the last quarter. Baillie Gifford & Co. grew its holdings in shares of Microsoft by 46.1% in the 3rd quarter. Baillie Gifford & Co. now owns 7,048,244 shares of the software giant’s stock worth $3,032,859,000 after purchasing an additional 2,222,483 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Microsoft by 4.1% during the 3rd 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 worth $23,490,417,000 after purchasing an additional 2,125,030 shares in the last quarter. 71.13% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

MSFT has been the topic of a number of recent analyst reports. Morgan Stanley reduced their price target on shares of Microsoft from $540.00 to $530.00 and set an “overweight” rating on the stock in a research report on Thursday, January 30th. Cantor Fitzgerald reissued an “overweight” rating and issued a $509.00 target price on shares of Microsoft in a report on Wednesday, January 29th. Scotiabank started coverage on Microsoft in a report on Thursday, March 20th. They set a “sector outperform” rating and a $470.00 price target for the company. Guggenheim reissued a “neutral” rating on shares of Microsoft in a research note on Friday, January 24th. Finally, Mizuho lowered their target price on Microsoft from $510.00 to $500.00 and set an “outperform” rating for the company in a research note on Thursday, January 30th. Three analysts have rated the stock with a hold rating and twenty-eight 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 target price of $510.59.

Microsoft Trading Up 0.5 %

NASDAQ:MSFT opened at $393.08 on Tuesday. The firm has a market capitalization of $2.92 trillion, a price-to-earnings ratio of 31.65, a PEG ratio of 2.21 and a beta of 0.92. Microsoft Co. has a 1-year low of $376.91 and a 1-year high of $468.35. The business’s 50-day moving average price is $408.34 and its two-hundred day moving average price is $419.63. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.13.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share for the quarter, beating 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 prior year, the business posted $2.93 EPS. On average, equities analysts expect that Microsoft Co. will post 13.08 earnings per share for the current year.

Microsoft Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 15th will be issued a $0.83 dividend. This represents a $3.32 annualized dividend and a dividend yield of 0.84%. The ex-dividend date is Thursday, May 15th. Microsoft’s dividend payout ratio (DPR) is 26.73%.

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.