Mathes Company Inc. Has $6.50 Million Position in Microsoft Co. (NASDAQ:MSFT)

Mathes Company Inc. lessened its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 2.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 15,426 shares of the software giant’s stock after selling 313 shares during the quarter. Microsoft comprises about 2.4% of Mathes Company Inc.’s portfolio, making the stock its 11th largest holding. Mathes Company Inc.’s holdings in Microsoft were worth $6,502,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of MSFT. Assenagon Asset Management S.A. lifted its position in 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 worth $4,439,407,000 after purchasing an additional 4,568,539 shares during the period. Geode Capital Management LLC raised its position 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 buying an additional 3,264,648 shares in the last quarter. Baillie Gifford & Co. raised its position 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 valued at $3,032,859,000 after buying an additional 2,222,483 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted 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 acquiring an additional 2,125,030 shares in the last quarter. Finally, Strategic Financial Concepts LLC increased its stake in Microsoft by 43,900.4% in the fourth quarter. Strategic Financial Concepts LLC now owns 2,042,499 shares of the software giant’s stock valued at $860,913,000 after acquiring an additional 2,037,857 shares during the last quarter. Institutional investors own 71.13% of the company’s stock.

Analysts Set New Price Targets

MSFT has been the subject of several recent analyst reports. Tigress Financial upped their target price on Microsoft from $550.00 to $595.00 and gave the stock a “buy” rating in a research note on Thursday, March 20th. Piper Sandler reissued an “overweight” rating and set a $520.00 target price on shares of Microsoft in a research note on Monday, January 27th. Wedbush dropped their target price on shares of Microsoft from $550.00 to $475.00 and set an “outperform” rating for the company in a report on Thursday, April 10th. Scotiabank started coverage on shares of Microsoft in a report on Thursday, March 20th. They set a “sector outperform” rating and a $470.00 price target on the stock. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $509.00 price objective on shares of Microsoft in a research note on Wednesday, January 29th. Five investment analysts have rated the stock with a hold rating and twenty-seven have assigned 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 $499.97.

Microsoft Stock Performance

Shares of Microsoft stock opened at $367.78 on Monday. The business has a 50-day simple moving average of $388.25 and a 200 day simple moving average of $412.70. Microsoft Co. has a one year low of $344.79 and a one 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. The firm has a market capitalization of $2.73 trillion, a price-to-earnings ratio of 29.61, a PEG ratio of 2.21 and a beta of 1.00.

Microsoft (NASDAQ:MSFT) last issued its earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share (EPS) for the quarter, topping 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 period in the previous year, the company posted $2.93 EPS. On average, research analysts anticipate that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 15th will be given a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a dividend yield of 0.90%. The ex-dividend date of this dividend is Thursday, May 15th. Microsoft’s payout ratio is presently 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.