Microsoft Co. (NASDAQ:MSFT) is Tower Bridge Advisors’ Largest Position

Tower Bridge Advisors decreased its position in Microsoft Co. (NASDAQ:MSFT) by 2.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 160,830 shares of the software giant’s stock after selling 3,558 shares during the quarter. Microsoft makes up 7.2% of Tower Bridge Advisors’ investment portfolio, making the stock its largest position. Tower Bridge Advisors’ holdings in Microsoft were worth $67,790,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of MSFT. Proficio Capital Partners LLC lifted its stake in Microsoft by 34,643.3% in the fourth quarter. Proficio Capital Partners LLC now owns 16,837,278 shares of the software giant’s stock worth $7,096,913,000 after acquiring an additional 16,788,816 shares during the period. Assenagon Asset Management S.A. lifted its position in shares of Microsoft by 76.6% in the 4th 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 boosted its stake in shares of 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 in the last quarter. Baillie Gifford & Co. increased its position in shares of Microsoft by 46.1% during the third 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 during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake 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 worth $23,490,417,000 after buying an additional 2,125,030 shares in the last quarter. 71.13% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on MSFT shares. Morgan Stanley upped their target price on Microsoft from $472.00 to $482.00 and gave the stock an “overweight” rating in a report on Thursday, May 1st. The Goldman Sachs Group increased their price objective on Microsoft from $450.00 to $480.00 and gave the stock a “buy” rating in a report on Thursday, May 1st. Royal Bank of Canada upped their target price on shares of Microsoft from $500.00 to $525.00 and gave the stock an “outperform” rating in a research report on Thursday, May 1st. Bank of America lowered their price target on shares of Microsoft from $510.00 to $480.00 and set a “buy” rating for the company in a research report on Tuesday, April 15th. Finally, Cantor Fitzgerald upped their price objective on shares of Microsoft from $502.00 to $512.00 and gave the stock an “overweight” rating in a report on Thursday, May 1st. Five equities research analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the company’s stock. According to MarketBeat, Microsoft currently has an average rating of “Moderate Buy” and a consensus price target of $507.77.

Microsoft Stock Performance

MSFT opened at $436.17 on Tuesday. Microsoft Co. has a 12-month low of $344.79 and a 12-month high of $468.35. The company has a market cap of $3.24 trillion, a price-to-earnings ratio of 35.12, a PEG ratio of 2.21 and a beta of 0.99. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.13. The company’s 50 day moving average is $385.66 and its 200 day moving average is $411.17.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings data on Wednesday, April 30th. The software giant reported $3.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.22 by $0.24. Microsoft had a net margin of 35.43% and a return on equity of 33.36%. The firm had revenue of $70.07 billion during the quarter, compared to the consensus estimate of $68.54 billion. During the same quarter in the previous year, the firm posted $2.94 EPS. The company’s revenue for the quarter was up 13.3% compared to the same quarter last year. On average, equities research analysts predict that Microsoft Co. will post 13.08 EPS for the current year.

Microsoft Announces Dividend

The business also recently disclosed 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. The ex-dividend date is Thursday, May 15th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.76%. Microsoft’s payout ratio is currently 25.66%.

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.