Fusion Family Wealth LLC Purchases 140 Shares of Microsoft Co. (NASDAQ:MSFT)

Fusion Family Wealth LLC boosted its position in Microsoft Co. (NASDAQ:MSFT) by 15.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,031 shares of the software giant’s stock after acquiring an additional 140 shares during the period. Fusion Family Wealth LLC’s holdings in Microsoft were worth $435,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in MSFT. International Assets Investment Management LLC grew 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 buying an additional 38,422,466 shares during the last quarter. Assenagon Asset Management S.A. lifted its position in Microsoft by 76.6% in the 4th 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 in the last quarter. Geode Capital Management LLC boosted its stake in Microsoft by 2.0% during 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 during the last quarter. Baillie Gifford & Co. increased its holdings in Microsoft by 46.1% during 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 in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake 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 worth $23,490,417,000 after purchasing an additional 2,125,030 shares during the last quarter. Institutional investors and hedge funds own 71.13% of the company’s stock.

Microsoft Trading Down 0.9 %

Shares of MSFT stock opened at $375.39 on Tuesday. Microsoft Co. has a 1 year low of $367.24 and a 1 year high of $468.35. The company’s fifty day simple moving average is $404.45 and its two-hundred day simple moving average is $418.77. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.34. The stock has a market capitalization of $2.79 trillion, a price-to-earnings ratio of 30.22, a PEG ratio of 2.21 and a beta of 0.92.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings data on Wednesday, January 29th. The software giant reported $3.23 earnings per share (EPS) for the quarter, beating 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 last year, the business posted $2.93 EPS. As a group, analysts anticipate that Microsoft Co. will post 13.08 earnings per share for the current year.

Microsoft Dividend Announcement

The company 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 annualized dividend and a yield of 0.88%. Microsoft’s dividend payout ratio is currently 26.73%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Piper Sandler reiterated an “overweight” rating and set a $520.00 price target on shares of Microsoft in a report on Monday, January 27th. Wedbush reiterated an “outperform” rating and issued a $550.00 target price on shares of Microsoft in a research note on Thursday, March 20th. Royal Bank of Canada reissued an “outperform” rating and set a $500.00 price target on shares of Microsoft in a research report on Thursday, January 30th. Scotiabank began coverage on shares of Microsoft in a research report on Thursday, March 20th. They issued a “sector outperform” rating and a $470.00 price objective for the company. Finally, Loop Capital increased their price objective on shares of Microsoft from $500.00 to $550.00 and gave the company a “buy” rating in a research note on Monday, December 23rd. Three equities research analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $508.86.

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.