Ninety One SA PTY Ltd Reduces Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

Ninety One SA PTY Ltd cut its holdings in Microsoft Co. (NASDAQ:MSFTFree Report) by 40.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 50,407 shares of the software giant’s stock after selling 34,896 shares during the period. Microsoft comprises approximately 4.7% of Ninety One SA PTY Ltd’s portfolio, making the stock its 5th biggest holding. Ninety One SA PTY Ltd’s holdings in Microsoft were worth $21,247,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Ninety One UK Ltd boosted its position in Microsoft by 2.3% in the fourth quarter. Ninety One UK Ltd now owns 6,556,617 shares of the software giant’s stock worth $2,763,614,000 after purchasing an additional 147,660 shares during the last quarter. RFG Holdings Inc. boosted its holdings in shares of Microsoft by 14.7% in the 4th quarter. RFG Holdings Inc. now owns 3,049 shares of the software giant’s stock worth $1,288,000 after buying an additional 390 shares during the last quarter. Tranquilli Financial Advisor LLC grew its position in Microsoft by 4.4% during the fourth quarter. Tranquilli Financial Advisor LLC now owns 2,838 shares of the software giant’s stock valued at $1,196,000 after buying an additional 119 shares during the period. E. Ohman J or Asset Management AB increased its holdings in Microsoft by 0.5% during the fourth quarter. E. Ohman J or Asset Management AB now owns 866,721 shares of the software giant’s stock worth $365,323,000 after buying an additional 4,624 shares during the last quarter. Finally, James J. Burns & Company LLC raised its position in Microsoft by 49.1% in the fourth quarter. James J. Burns & Company LLC now owns 16,663 shares of the software giant’s stock worth $7,023,000 after acquiring an additional 5,490 shares during the period. 71.13% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. StockNews.com lowered shares of Microsoft from a “buy” rating to a “hold” rating in a research note on Friday, February 28th. Piper Sandler restated an “overweight” rating and issued a $520.00 target price on shares of Microsoft in a research note on Monday, January 27th. Morgan Stanley cut their price target on Microsoft from $540.00 to $530.00 and set an “overweight” rating for the company in a research note on Thursday, January 30th. Scotiabank began coverage on Microsoft in a research note on Thursday, March 20th. They issued a “sector outperform” rating and a $470.00 price objective on the stock. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $500.00 target price on shares of Microsoft in a research report on Thursday, January 30th. Three investment analysts have rated the stock with a hold rating and twenty-eight 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 a consensus price target of $508.86.

Get Our Latest Stock Report on MSFT

Microsoft Stock Down 0.9 %

MSFT stock opened at $375.39 on Tuesday. Microsoft Co. has a 1-year low of $367.24 and a 1-year high of $468.35. The stock has a market cap of $2.79 trillion, a price-to-earnings ratio of 30.22, a price-to-earnings-growth ratio of 2.21 and a beta of 0.92. 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 $404.45 and its 200 day moving average is $418.77.

Microsoft (NASDAQ:MSFTGet Free Report) last issued its quarterly earnings results on Wednesday, January 29th. The software giant reported $3.23 EPS for the quarter, topping analysts’ consensus estimates 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 posted $2.93 EPS. Sell-side analysts predict that Microsoft Co. will post 13.08 EPS for the current fiscal year.

Microsoft Announces Dividend

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 issued a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date is Thursday, May 15th. Microsoft’s payout ratio is currently 26.73%.

Microsoft Company Profile

(Free Report)

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.

Read More

Want to see what other hedge funds are holding MSFT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Microsoft Co. (NASDAQ:MSFTFree Report).

Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

Receive News & Ratings for Microsoft Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Microsoft and related companies with MarketBeat.com's FREE daily email newsletter.