Microsoft Co. (NASDAQ:MSFT) is Patriot Financial Group Insurance Agency LLC’s 5th Largest Position

Patriot Financial Group Insurance Agency LLC increased its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 3.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,180 shares of the software giant’s stock after buying an additional 1,218 shares during the quarter. Microsoft accounts for approximately 2.0% of Patriot Financial Group Insurance Agency LLC’s holdings, making the stock its 5th biggest position. Patriot Financial Group Insurance Agency LLC’s holdings in Microsoft were worth $15,250,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of MSFT. Geode Capital Management LLC raised its position in 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 in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position 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 valued at $23,490,417,000 after purchasing an additional 2,125,030 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Microsoft by 1.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 47,229,125 shares of the software giant’s stock valued at $20,322,513,000 after buying an additional 652,493 shares during the last quarter. International Assets Investment Management LLC increased its position in 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 worth $16,567,258,000 after acquiring an additional 38,422,466 shares during the period. Finally, Franklin Resources Inc. increased its holdings in shares of Microsoft by 1.1% during the 3rd quarter. Franklin Resources Inc. now owns 38,420,657 shares of the software giant’s stock worth $16,104,959,000 after purchasing an additional 406,940 shares during the period. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on MSFT shares. Cantor Fitzgerald restated an “overweight” rating and issued a $509.00 target price on shares of Microsoft in a research note on Wednesday, January 29th. Loop Capital lifted their target price 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. Tigress Financial upped their price target on shares of Microsoft from $550.00 to $595.00 and gave the stock a “buy” rating in a research report on Thursday. Piper Sandler reiterated an “overweight” rating and issued a $520.00 price objective on shares of Microsoft in a research report on Monday, January 27th. Finally, Scotiabank initiated coverage on shares of Microsoft in a research note on Thursday. They issued a “sector outperform” rating and a $470.00 target price on the stock. Three equities research analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the stock. According to MarketBeat, Microsoft currently has a consensus rating of “Moderate Buy” and a consensus target price of $510.59.

Microsoft Stock Down 0.3 %

NASDAQ:MSFT opened at $386.84 on Friday. The company has a market cap of $2.88 trillion, a PE ratio of 31.15, a PEG ratio of 2.21 and a beta of 0.92. Microsoft Co. has a 52-week low of $376.91 and a 52-week high of $468.35. The stock has a 50-day simple moving average of $409.38 and a 200 day simple moving average of $419.85. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.34 and a current ratio of 1.35.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Wednesday, January 29th. The software giant reported $3.23 earnings per share for the quarter, beating the consensus estimate 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 period in the previous year, the business posted $2.93 earnings per share. On average, sell-side analysts expect that Microsoft Co. will post 13.08 EPS for the current fiscal year.

Microsoft Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders 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 yield of 0.86%. Microsoft’s dividend payout ratio is 26.73%.

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.