Microsoft Corporation (NASDAQ:MSFT) is GEM Asset Management LLC’s 10th Largest Position

GEM Asset Management LLC increased its stake in Microsoft Corporation (NASDAQ:MSFT) by 2.7% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 11,639 shares of the software giant’s stock after acquiring an additional 303 shares during the quarter. Microsoft makes up about 2.5% of GEM Asset Management LLC’s portfolio, making the stock its 10th biggest holding. GEM Asset Management LLC’s holdings in Microsoft were worth $4,448,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. WFA Asset Management Corp grew its holdings in shares of Microsoft by 27.0% during the first quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant’s stock worth $427,000 after buying an additional 216 shares in the last quarter. Ironwood Wealth Management LLC. boosted its position in shares of Microsoft by 0.3% during the 2nd quarter. Ironwood Wealth Management LLC. now owns 12,658 shares of the software giant’s stock valued at $5,658,000 after acquiring an additional 38 shares during the last quarter. Discipline Wealth Solutions LLC boosted its position in shares of Microsoft by 410.4% during the 3rd quarter. Discipline Wealth Solutions LLC now owns 2,659 shares of the software giant’s stock valued at $1,144,000 after acquiring an additional 2,138 shares during the last quarter. Wealth Group Ltd. boosted its position in shares of Microsoft by 1.2% during the 4th quarter. Wealth Group Ltd. now owns 2,374 shares of the software giant’s stock valued at $1,000,000 after acquiring an additional 28 shares during the last quarter. Finally, Tallon Kerry Patrick acquired a new position in shares of Microsoft during the 4th quarter valued at about $1,375,000. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Insider Activity

In other Microsoft news, insider Bradford L. Smith sold 6,000 shares of the firm’s stock in a transaction on Monday, May 5th. The stock was sold at an average price of $433.17, for a total value of $2,599,020.00. Following the completion of the sale, the insider owned 471,036 shares of the company’s stock, valued at approximately $204,038,664.12. This trade represents a 1.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Kathleen T. Hogan sold 21,500 shares of the firm’s stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $453.77, for a total value of $9,756,055.00. Following the completion of the sale, the executive vice president directly owned 134,888 shares of the company’s stock, valued at approximately $61,208,127.76. This trade represents a 13.75% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 135,743 shares of company stock valued at $60,224,683. 0.03% of the stock is currently owned by company insiders.

Microsoft Price Performance

MSFT stock opened at $510.05 on Monday. The company has a market capitalization of $3.79 trillion, a P/E ratio of 39.42, a PEG ratio of 2.32 and a beta of 1.04. Microsoft Corporation has a twelve month low of $344.79 and a twelve month high of $514.64. The business has a 50 day simple moving average of $477.78 and a 200-day simple moving average of $428.61. The company has a current ratio of 1.37, a quick ratio of 1.36 and a debt-to-equity ratio of 0.12.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings results on Wednesday, April 30th. The software giant reported $3.46 earnings per share for the quarter, topping the consensus estimate of $3.22 by $0.24. Microsoft had a return on equity of 32.74% and a net margin of 35.79%. The firm had revenue of $70.07 billion during the quarter, compared to the consensus estimate of $68.54 billion. During the same period last year, the company earned $2.94 earnings per share. The company’s revenue for the quarter was up 13.3% on a year-over-year basis. As a group, equities analysts anticipate that Microsoft Corporation will post 13.08 EPS for the current year.

Microsoft Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Thursday, August 21st will be issued a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a dividend yield of 0.65%. The ex-dividend date of this dividend is Thursday, August 21st. Microsoft’s dividend payout ratio is presently 25.66%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Wall Street Zen cut shares of Microsoft from a “buy” rating to a “hold” rating in a research report on Monday, June 30th. JPMorgan Chase & Co. upped their target price on shares of Microsoft from $465.00 to $475.00 and gave the company an “overweight” rating in a research report on Thursday, May 1st. Mizuho increased their price target on shares of Microsoft from $500.00 to $540.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 16th. KeyCorp reissued a “sector weight” rating on shares of Microsoft in a research report on Thursday, April 17th. Finally, Wells Fargo & Company increased their price target on shares of Microsoft from $565.00 to $585.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 25th. Four research analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the company. According to MarketBeat.com, Microsoft has a consensus rating of “Moderate Buy” and a consensus price target of $541.79.

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.