Microsoft Co. (NASDAQ:MSFT) Shares Acquired by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 5.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 2,803,120 shares of the software giant’s stock after buying an additional 134,593 shares during the quarter. Microsoft comprises about 4.8% of Mirae Asset Global Investments Co. Ltd.’s portfolio, making the stock its 4th largest holding. Mirae Asset Global Investments Co. Ltd.’s holdings in Microsoft were worth $1,196,374,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of MSFT. Net Worth Advisory Group acquired a new position in shares of Microsoft in the third quarter valued at approximately $2,645,000. Adamsbrown Wealth Consultants LLC increased its position in Microsoft by 2.2% during the 4th quarter. Adamsbrown Wealth Consultants LLC now owns 5,967 shares of the software giant’s stock worth $2,515,000 after buying an additional 130 shares during the period. Oak Ridge Investments LLC boosted its position in shares of Microsoft by 7.6% in the third quarter. Oak Ridge Investments LLC now owns 263,534 shares of the software giant’s stock valued at $113,399,000 after acquiring an additional 18,544 shares during the period. Focus Financial Network Inc. increased its position in Microsoft by 2.0% during the third quarter. Focus Financial Network Inc. now owns 76,296 shares of the software giant’s stock worth $32,830,000 after acquiring an additional 1,489 shares during the period. Finally, Campbell Wealth Management bought a new stake in Microsoft in the 3rd quarter valued at about $3,314,000. Institutional investors own 71.13% of the company’s stock.

Microsoft Trading Up 1.8 %

MSFT opened at $382.19 on Wednesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.34. Microsoft Co. has a fifty-two week low of $367.24 and a fifty-two week high of $468.35. The company’s 50 day moving average price is $403.52 and its two-hundred day moving average price is $418.45. The firm has a market capitalization of $2.84 trillion, a price-to-earnings ratio of 30.77, a PEG ratio of 2.21 and a beta of 0.92.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings data on Wednesday, January 29th. The software giant reported $3.23 earnings per share for the quarter, topping the consensus estimate 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 business earned $2.93 EPS. As a group, research analysts predict that Microsoft Co. will post 13.08 earnings per share for the current year.

Microsoft Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 15th will be paid a $0.83 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.32 annualized dividend and a dividend yield of 0.87%. Microsoft’s payout ratio is 26.73%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on MSFT shares. Mizuho cut their price target on Microsoft from $510.00 to $500.00 and set an “outperform” rating for the company in a research note on Thursday, January 30th. Wedbush restated an “outperform” rating and issued a $550.00 price target on shares of Microsoft in a research report on Thursday, March 20th. Morgan Stanley cut their price objective on shares of Microsoft from $540.00 to $530.00 and set an “overweight” rating for the company in a research report on Thursday, January 30th. Cantor Fitzgerald restated an “overweight” rating and issued a $509.00 target price on shares of Microsoft in a research report on Wednesday, January 29th. Finally, Stifel Nicolaus cut their price target on shares of Microsoft from $515.00 to $475.00 and set a “buy” rating for the company in a report on Friday, March 7th. Four analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company. Based on data from MarketBeat, Microsoft presently has an average rating of “Moderate Buy” and an average price target of $508.86.

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.