Regatta Capital Group LLC Decreases Stake in Microsoft Co. (NASDAQ:MSFT)

Regatta Capital Group LLC reduced its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 1.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 22,112 shares of the software giant’s stock after selling 327 shares during the period. Microsoft makes up about 1.8% of Regatta Capital Group LLC’s holdings, making the stock its 16th largest position. Regatta Capital Group LLC’s holdings in Microsoft were worth $9,320,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. International Assets Investment Management LLC boosted its position in shares of Microsoft by 48,526.1% in the 3rd quarter. International Assets Investment Management LLC now owns 38,501,645 shares of the software giant’s stock worth $16,567,258,000 after buying an additional 38,422,466 shares in the last quarter. Assenagon Asset Management S.A. boosted 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 buying an additional 4,568,539 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Microsoft by 2.0% in the 3rd quarter. Geode Capital Management LLC now owns 165,024,812 shares of the software giant’s stock worth $70,790,682,000 after buying an additional 3,264,648 shares in the last quarter. Baillie Gifford & Co. boosted its position in shares of Microsoft by 46.1% in the 3rd quarter. Baillie Gifford & Co. now owns 7,048,244 shares of the software giant’s stock worth $3,032,859,000 after buying an additional 2,222,483 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Microsoft by 4.1% in the 3rd 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 currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

MSFT has been the topic of several recent research reports. Stifel Nicolaus decreased their price objective on shares of Microsoft from $515.00 to $475.00 and set a “buy” rating on the stock in a research report on Friday, March 7th. DA Davidson raised shares of Microsoft from a “neutral” rating to a “buy” rating and raised their price target for the stock from $425.00 to $450.00 in a research note on Thursday. StockNews.com cut shares of Microsoft from a “buy” rating to a “hold” rating in a research note on Friday, February 28th. Piper Sandler reaffirmed an “overweight” rating and set a $520.00 price target on shares of Microsoft in a research note on Monday, January 27th. Finally, Wedbush reaffirmed an “outperform” rating and set a $550.00 price target on shares of Microsoft in a research note on Tuesday, November 19th. Three equities research analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $510.43.

Microsoft Trading Up 2.6 %

NASDAQ MSFT opened at $388.56 on Monday. Microsoft Co. has a one year low of $376.91 and a one year high of $468.35. The company’s 50 day moving average price is $412.43 and its 200 day moving average price is $420.64. 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 has a market capitalization of $2.89 trillion, a price-to-earnings ratio of 31.29, a PEG ratio of 2.21 and a beta of 0.92.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings results on Wednesday, January 29th. The software giant reported $3.23 EPS for the quarter, beating the consensus estimate of $3.15 by $0.08. Microsoft had a net margin of 35.43% and a return on equity of 33.36%. During the same period last year, the business earned $2.93 EPS. On average, sell-side analysts predict that Microsoft Co. will post 13.08 EPS for the current year.

Microsoft Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 15th will be paid 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 0.85%. Microsoft’s dividend payout ratio is currently 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.