Microsoft Co. (NASDAQ:MSFT) Shares Purchased by Alecta Tjanstepension Omsesidigt

Alecta Tjanstepension Omsesidigt grew its stake in Microsoft Co. (NASDAQ:MSFT) by 2.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,471,200 shares of the software giant’s stock after purchasing an additional 88,000 shares during the period. Microsoft comprises about 9.9% of Alecta Tjanstepension Omsesidigt’s investment portfolio, making the stock its biggest position. Alecta Tjanstepension Omsesidigt owned about 0.06% of Microsoft worth $1,883,627,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in MSFT. Otter Creek Advisors LLC lifted its position in Microsoft by 3.3% in the fourth quarter. Otter Creek Advisors LLC now owns 11,050 shares of the software giant’s stock worth $4,658,000 after purchasing an additional 351 shares during the period. Proficio Capital Partners LLC raised its stake in shares of Microsoft by 34,643.3% in the 4th quarter. Proficio Capital Partners LLC now owns 16,837,278 shares of the software giant’s stock valued at $7,096,913,000 after buying an additional 16,788,816 shares in the last quarter. Oppenheimer & Co. Inc. lifted its holdings in shares of Microsoft by 0.3% during the 4th quarter. Oppenheimer & Co. Inc. now owns 708,591 shares of the software giant’s stock worth $298,671,000 after acquiring an additional 1,782 shares during the period. Kovack Advisors Inc. boosted its position in shares of Microsoft by 4.2% during the 4th quarter. Kovack Advisors Inc. now owns 61,000 shares of the software giant’s stock valued at $25,712,000 after acquiring an additional 2,441 shares in the last quarter. Finally, WT Wealth Management increased its stake in Microsoft by 3.4% in the fourth quarter. WT Wealth Management now owns 23,380 shares of the software giant’s stock valued at $9,855,000 after acquiring an additional 779 shares during the period. Institutional investors own 71.13% of the company’s stock.

Analyst Upgrades and Downgrades

MSFT has been the topic of a number of recent research reports. Guggenheim reaffirmed a “neutral” rating on shares of Microsoft in a report on Thursday. UBS Group decreased their price target on Microsoft from $510.00 to $480.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. Raymond James increased their price objective on Microsoft from $480.00 to $490.00 and gave the stock an “outperform” rating in a research note on Thursday. The Goldman Sachs Group upped their target price on shares of Microsoft from $450.00 to $480.00 and gave the stock a “buy” rating in a report on Thursday. Finally, DA Davidson lifted their price target on shares of Microsoft from $450.00 to $500.00 and gave the company a “buy” 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. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $507.77.

Microsoft Stock Up 2.3 %

Shares of NASDAQ:MSFT opened at $435.28 on Friday. The company has a 50 day moving average of $384.93 and a 200-day moving average of $411.07. Microsoft Co. has a one year low of $344.79 and a one year high of $468.35. The stock has a market cap of $3.24 trillion, a price-to-earnings ratio of 35.05, a P/E/G ratio of 2.21 and a beta of 1.00. 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 released its earnings results on Wednesday, April 30th. The software giant reported $3.46 EPS for the quarter, topping analysts’ consensus estimates of $3.22 by $0.24. The firm had revenue of $70.07 billion during the quarter, compared to analyst estimates of $68.54 billion. Microsoft had a net margin of 35.43% and a return on equity of 33.36%. The business’s quarterly revenue was up 13.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.94 EPS. On average, sell-side analysts forecast that Microsoft Co. will post 13.08 earnings per share for the current year.

Microsoft Dividend Announcement

The business also recently announced 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. This represents a $3.32 annualized dividend and a yield of 0.76%. The ex-dividend date is Thursday, May 15th. Microsoft’s payout ratio is 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.