Daymark Wealth Partners LLC Has $165.85 Million Holdings in Microsoft Co. (NASDAQ:MSFT)

Daymark Wealth Partners LLC boosted its stake in Microsoft Co. (NASDAQ:MSFT) by 0.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 393,473 shares of the software giant’s stock after purchasing an additional 1,087 shares during the period. Microsoft comprises about 5.5% of Daymark Wealth Partners LLC’s holdings, making the stock its 2nd largest holding. Daymark Wealth Partners LLC’s holdings in Microsoft were worth $165,849,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also added to or reduced their stakes in MSFT. International Assets Investment Management LLC raised its stake 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 last quarter. Assenagon Asset Management S.A. raised its stake 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 last quarter. Geode Capital Management LLC raised its stake in shares of Microsoft by 2.0% during 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 acquiring an additional 3,264,648 shares during the last quarter. Baillie Gifford & Co. raised its stake in shares of Microsoft by 46.1% during 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 acquiring 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 stake in shares of 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 last quarter. Institutional investors own 71.13% of the company’s stock.

Microsoft Stock Down 0.9 %

Shares of NASDAQ MSFT opened at $393.31 on Monday. The stock has a market capitalization of $2.92 trillion, a P/E ratio of 31.67, a P/E/G ratio of 2.21 and a beta of 0.92. The company has a 50-day moving average price of $416.40 and a 200-day moving average price of $421.85. Microsoft Co. has a 1 year low of $381.00 and a 1 year high of $468.35. 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 (NASDAQ:MSFT) last issued 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 net margin of 35.43% and a return on equity of 33.36%. During the same quarter in the previous year, the company earned $2.93 earnings per share. On average, equities research analysts forecast that Microsoft Co. will post 13.08 EPS for the current fiscal year.

Wall Street Analyst Weigh In

MSFT has been the subject of several analyst reports. Guggenheim reaffirmed a “neutral” rating on shares of Microsoft in a research note on Friday, January 24th. Loop Capital increased their price objective on shares of Microsoft from $500.00 to $550.00 and gave the stock a “buy” rating in a research report on Monday, December 23rd. StockNews.com cut shares of Microsoft from a “buy” rating to a “hold” rating in a research report on Friday, February 28th. UBS Group decreased their price objective on shares of Microsoft from $525.00 to $510.00 and set a “buy” rating for the company in a research report on Thursday, January 30th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $500.00 price objective on shares of Microsoft in a research report on Thursday, January 30th. Four equities research analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $509.54.

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.