Gemmer Asset Management LLC Has $5.09 Million Holdings in Microsoft Co. (NASDAQ:MSFT)

Gemmer Asset Management LLC trimmed its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 0.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,548 shares of the software giant’s stock after selling 108 shares during the period. Gemmer Asset Management LLC’s holdings in Microsoft were worth $5,094,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of MSFT. Monumental Financial Group Inc. acquired a new position in shares of Microsoft during the first quarter worth approximately $28,000. Atlantic Private Wealth LLC raised its stake in shares of Microsoft by 534.5% during the second quarter. Atlantic Private Wealth LLC now owns 184 shares of the software giant’s stock worth $63,000 after buying an additional 155 shares during the last quarter. Hibernia Wealth Partners LLC bought a new stake in shares of Microsoft during the third quarter worth approximately $69,000. Iron Horse Wealth Management LLC raised its stake in shares of Microsoft by 89.0% during the third quarter. Iron Horse Wealth Management LLC now owns 223 shares of the software giant’s stock worth $70,000 after buying an additional 105 shares during the last quarter. Finally, MayTech Global Investments LLC bought a new stake in shares of Microsoft during the fourth quarter worth approximately $83,000. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Microsoft Stock Down 0.2 %

Shares of NASDAQ MSFT opened at $424.59 on Tuesday. The company’s 50 day moving average price is $413.62 and its 200-day moving average price is $379.46. The company has a market capitalization of $3.15 trillion, a P/E ratio of 38.39, a price-to-earnings-growth ratio of 2.27 and a beta of 0.89. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.20 and a current ratio of 1.22. Microsoft Co. has a 52-week low of $275.37 and a 52-week high of $430.82.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings results on Tuesday, January 30th. The software giant reported $2.93 EPS for the quarter, beating analysts’ consensus estimates of $2.76 by $0.17. The business had revenue of $62.02 billion during the quarter, compared to analyst estimates of $61.14 billion. Microsoft had a net margin of 36.27% and a return on equity of 38.40%. Microsoft’s quarterly revenue was up 17.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.32 EPS. Equities analysts forecast that Microsoft Co. will post 11.61 earnings per share for the current year.

Microsoft Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 13th. Shareholders of record on Thursday, May 16th will be paid a dividend of $0.75 per share. The ex-dividend date is Wednesday, May 15th. This represents a $3.00 dividend on an annualized basis and a yield of 0.71%. Microsoft’s dividend payout ratio (DPR) is presently 27.12%.

Analysts Set New Price Targets

A number of research firms recently weighed in on MSFT. KeyCorp began coverage on shares of Microsoft in a research note on Thursday, March 21st. They set an “overweight” rating and a $490.00 price target for the company. Piper Sandler reissued an “overweight” rating and set a $455.00 price target on shares of Microsoft in a research note on Thursday, January 25th. BNP Paribas raised shares of Microsoft from a “neutral” rating to an “outperform” rating and set a $471.00 price target for the company in a research note on Thursday, January 18th. Mizuho upped their target price on shares of Microsoft from $420.00 to $450.00 and gave the company a “buy” rating in a research note on Friday, December 15th. Finally, StockNews.com downgraded shares of Microsoft from a “buy” rating to a “hold” rating in a research note on Thursday, February 22nd. Four investment analysts have rated the stock with a hold rating and thirty-six have issued a buy rating to the company. According to MarketBeat, Microsoft presently has a consensus rating of “Moderate Buy” and a consensus price target of $425.52.

Insider Buying and Selling at Microsoft

In other news, insider Bradford L. Smith sold 3,303 shares of the company’s stock in a transaction on Monday, February 5th. The shares were sold at an average price of $406.12, for a total value of $1,341,414.36. Following the completion of the sale, the insider now owns 570,826 shares in the company, valued at approximately $231,823,855.12. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, insider Bradford L. Smith sold 45,000 shares of the company’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $411.78, for a total value of $18,530,100.00. Following the completion of the sale, the insider now owns 574,129 shares in the company, valued at approximately $236,414,839.62. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Bradford L. Smith sold 3,303 shares of the company’s stock in a transaction on Monday, February 5th. The stock was sold at an average price of $406.12, for a total transaction of $1,341,414.36. Following the completion of the sale, the insider now owns 570,826 shares of the company’s stock, valued at approximately $231,823,855.12. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,070,258 shares of company stock worth $30,690,456. 0.03% of the stock is owned by corporate insiders.

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.