Fjell Capital LLC Purchases Shares of 8,374 Microsoft Co. (NASDAQ:MSFT)

Fjell Capital LLC acquired a new position in shares of Microsoft Co. (NASDAQ:MSFT) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 8,374 shares of the software giant’s stock, valued at approximately $3,530,000. Microsoft makes up about 3.6% of Fjell Capital LLC’s portfolio, making the stock its 6th largest position.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Geode Capital Management LLC grew its holdings 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. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position 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 buying an additional 2,125,030 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Microsoft by 1.4% during the third 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. Franklin Resources Inc. grew its stake in shares of Microsoft by 1.1% during the third quarter. Franklin Resources Inc. now owns 38,420,657 shares of the software giant’s stock valued at $16,104,959,000 after buying an additional 406,940 shares during the last quarter. Finally, Fisher Asset Management LLC raised its holdings in shares of Microsoft by 2.3% in the third quarter. Fisher Asset Management LLC now owns 27,904,450 shares of the software giant’s stock worth $12,007,285,000 after buying an additional 636,713 shares during the period. 71.13% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on MSFT shares. JPMorgan Chase & Co. increased their target price on Microsoft from $465.00 to $475.00 and gave the stock an “overweight” rating in a research note on Thursday. StockNews.com downgraded shares of Microsoft from a “buy” rating to a “hold” rating in a research note on Friday, February 28th. DA Davidson boosted their price objective on shares of Microsoft from $450.00 to $500.00 and gave the company a “buy” rating in a research report on Thursday. Wedbush upped their target price on shares of Microsoft from $475.00 to $515.00 and gave the stock an “outperform” rating in a research note on Thursday. Finally, Westpark Capital reaffirmed a “hold” rating on shares of Microsoft in a research note on Thursday. Six analysts have rated the stock with a hold rating and thirty have given a buy rating to the company. According to MarketBeat, Microsoft currently has an average rating of “Moderate Buy” and an average target price of $507.77.

Microsoft Stock Up 2.3 %

Shares of NASDAQ MSFT opened at $435.28 on Friday. The stock has a market capitalization of $3.24 trillion, a price-to-earnings ratio of 35.05, a price-to-earnings-growth ratio of 2.21 and a beta of 1.00. Microsoft Co. has a 52 week low of $344.79 and a 52 week high of $468.35. The firm has a 50-day moving average price of $384.93 and a 200 day moving average price of $411.12. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 0.13.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings results on Wednesday, April 30th. The software giant reported $3.46 EPS for the quarter, topping the consensus estimate of $3.22 by $0.24. The business had revenue of $70.07 billion for the quarter, compared to analyst estimates of $68.54 billion. Microsoft had a return on equity of 33.36% and a net margin of 35.43%. The company’s quarterly revenue was up 13.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.94 EPS. Equities research analysts anticipate that Microsoft Co. will post 13.08 EPS for the current fiscal year.

Microsoft Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 15th will be given a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date is Thursday, May 15th. Microsoft’s dividend payout ratio is currently 26.73%.

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.