GenTrust LLC Has $13.15 Million Position in Microsoft Co. (NASDAQ:MSFT)

GenTrust LLC increased its position in shares of Microsoft Co. (NASDAQ:MSFT) by 85.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 31,192 shares of the software giant’s stock after acquiring an additional 14,354 shares during the period. GenTrust LLC’s holdings in Microsoft were worth $13,147,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in MSFT. Assenagon Asset Management S.A. raised its stake 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 acquiring an additional 4,568,539 shares in the last quarter. Geode Capital Management LLC increased its position 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 worth $70,790,682,000 after purchasing an additional 3,264,648 shares in the last quarter. Baillie Gifford & Co. lifted its stake in 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 purchasing an additional 2,222,483 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in 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 buying an additional 2,125,030 shares in the last quarter. Finally, Strategic Financial Concepts LLC grew its stake in shares of Microsoft by 43,900.4% during the fourth quarter. Strategic Financial Concepts LLC now owns 2,042,499 shares of the software giant’s stock worth $860,913,000 after buying an additional 2,037,857 shares during the last quarter. 71.13% of the stock is owned by institutional investors.

Microsoft Stock Up 2.3 %

MSFT stock opened at $435.28 on Friday. The stock’s 50 day simple moving average is $384.93 and its 200 day simple moving average is $411.07. The company has a market cap of $3.24 trillion, a P/E ratio of 35.05, a price-to-earnings-growth ratio of 2.21 and a beta of 1.00. 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 Co. has a fifty-two week low of $344.79 and a fifty-two week high of $468.35.

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

Microsoft Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 15th will be issued a dividend of $0.83 per share. 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%.

Wall Street Analysts Forecast Growth

MSFT has been the topic of several recent research reports. KeyCorp reissued a “sector weight” rating on shares of Microsoft in a report on Thursday, April 17th. Tigress Financial upped their price objective on Microsoft from $550.00 to $595.00 and gave the company a “buy” rating in a research note on Thursday, March 20th. Westpark Capital reiterated a “hold” rating on shares of Microsoft in a research report on Thursday. Jefferies Financial Group boosted their target price on shares of Microsoft from $475.00 to $550.00 and gave the stock a “buy” rating in a report on Thursday. Finally, Mizuho lifted their price target on shares of Microsoft from $475.00 to $500.00 and gave the stock an “outperform” rating in a report on Thursday. Six equities research analysts have rated the stock with a hold rating and thirty have given a buy rating to the company’s stock. According to data from MarketBeat, Microsoft has an average rating of “Moderate Buy” and a consensus target price of $507.77.

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.