Keb Asset Management LLC Has $1.32 Million Holdings in Microsoft Co. (NASDAQ:MSFT)

Keb Asset Management LLC decreased its position in Microsoft Co. (NASDAQ:MSFT) by 10.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,128 shares of the software giant’s stock after selling 380 shares during the quarter. Microsoft accounts for approximately 0.4% of Keb Asset Management LLC’s holdings, making the stock its 25th largest holding. Keb Asset Management LLC’s holdings in Microsoft were worth $1,319,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of MSFT. Tower Wealth Partners Inc. boosted its holdings in Microsoft by 3.3% during the fourth quarter. Tower Wealth Partners Inc. now owns 3,210 shares of the software giant’s stock worth $1,353,000 after purchasing an additional 102 shares during the last quarter. Gallagher Capital Advisors LLC acquired a new position in shares of Microsoft during the 4th quarter worth about $5,212,000. Objectivity Squared LLC boosted its stake in shares of Microsoft by 4.7% during the 4th quarter. Objectivity Squared LLC now owns 2,720 shares of the software giant’s stock worth $1,140,000 after buying an additional 123 shares during the last quarter. Daiwa Securities Group Inc. grew its holdings in shares of Microsoft by 15.3% in the 4th quarter. Daiwa Securities Group Inc. now owns 2,043,053 shares of the software giant’s stock valued at $861,147,000 after acquiring an additional 271,241 shares in the last quarter. Finally, Lowery Thomas LLC increased its position in shares of Microsoft by 13.0% in the fourth quarter. Lowery Thomas LLC now owns 1,403 shares of the software giant’s stock valued at $591,000 after acquiring an additional 161 shares during the last quarter. 71.13% of the stock is currently owned by institutional investors.

Microsoft Price Performance

NASDAQ:MSFT opened at $454.27 on Friday. Microsoft Co. has a 52 week low of $344.79 and a 52 week high of $468.35. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.34 and a current ratio of 1.35. The firm’s 50-day simple moving average is $395.33 and its 200 day simple moving average is $412.61. The firm has a market cap of $3.38 trillion, a price-to-earnings ratio of 36.58, a P/E/G ratio of 2.21 and a beta of 0.99.

Microsoft (NASDAQ:MSFT) last announced its 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 company had revenue of $70.07 billion for the quarter, compared to analysts’ expectations of $68.54 billion. Microsoft had a net margin of 35.43% and a return on equity of 33.36%. The business’s revenue for the quarter was up 13.3% on a year-over-year basis. During the same period last year, the firm earned $2.94 earnings per share. As a group, sell-side analysts predict that Microsoft Co. will post 13.08 earnings per share for the current year.

Microsoft Announces Dividend

The business 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. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.73%. Microsoft’s payout ratio is 25.66%.

Insider Activity

In related news, EVP Amy Coleman sold 13,243 shares of the company’s stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $452.01, for a total transaction of $5,985,968.43. Following the completion of the sale, the executive vice president now owns 43,100 shares of the company’s stock, valued at $19,481,631. This represents a 23.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Bradford L. Smith sold 75,000 shares of the stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $436.05, for a total transaction of $32,703,750.00. Following the sale, the insider now owns 476,999 shares in the company, valued at $207,995,413.95. The trade was a 13.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 94,243 shares of company stock worth $41,288,738. 0.03% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

MSFT has been the subject of several recent research reports. Evercore ISI increased their price target on Microsoft from $435.00 to $500.00 and gave the company an “outperform” rating in a research report on Thursday, May 1st. Guggenheim reissued a “neutral” rating on shares of Microsoft in a report on Thursday, May 1st. Tigress Financial boosted their target price on shares of Microsoft from $550.00 to $595.00 and gave the stock a “buy” rating in a report on Thursday, March 20th. Wedbush upped their price target on shares of Microsoft from $475.00 to $515.00 and gave the stock an “outperform” rating in a research report on Thursday, May 1st. Finally, Needham & Company LLC reiterated a “buy” rating on shares of Microsoft in a research note on Thursday, May 1st. Five equities research analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the stock. According to data from MarketBeat.com, Microsoft has an average rating of “Moderate Buy” and an average target price of $509.16.

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.