Icon Wealth Partners LLC holds $27.45 million stake in Microsoft Co. (NASDAQ:MSFT)


Icon Wealth Partners LLC increased its stake in shares of Microsoft Co. (NASDAQ: MSFT – Get Rating) by 21.0% in Q1, according to the company in its latest filing with the Securities and Exchange Commission (SEC). The fund held 89,022 shares of the software giant after buying an additional 15,453 shares during the quarter. Microsoft accounts for about 2.7% of Icon Wealth Partners LLC’s holdings, making the stock its 4th largest holding. Icon Wealth Partners LLC’s holdings in Microsoft were worth $27,446,000 when it last filed with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently changed their positions in the company. State Street Corp increased its stake in Microsoft shares by 2.8% during the fourth quarter. State Street Corp now owns 302,541,869 shares of the software giant worth $101,750,881,000 after acquiring 8,108,943 more shares last quarter. Geode Capital Management LLC increased its position in Microsoft by 2.4% in the 4th quarter. Geode Capital Management LLC now owns 129,107,118 shares of the software giant valued at $43,313,705,000 after purchasing an additional 3,027,306 shares during the period. Norges Bank bought a new position in Microsoft during Q4 worth $24,401,940,000. Nuveen Asset Management LLC increased its holding in Microsoft shares by 1.0% during the 4th quarter. Nuveen Asset Management LLC now owns 57,181,533 shares of the software giant valued at $19,231,292,000 after buying an additional 584,273 shares last quarter. Finally, UBS Asset Management Americas Inc. increased its stake in Microsoft shares by 7.5% in the third quarter. UBS Asset Management Americas Inc. now owns 46,493,373 shares of the software giant valued at $13,107,412,000 after buying an additional 3,258,613 shares last quarter. Institutional investors and hedge funds own 69.99% of the company’s shares.

MSFT shares opened at $264.51 on Tuesday. The company has a market capitalization of $1.98 trillion, a PE ratio of 27.61, a P/E/G ratio of 2.20 and a beta of 0.93. The company has a fifty-day moving average of $262.72 and a 200-day moving average of $287.81. Microsoft Co. has a 52-week low of $241.51 and a 52-week high of $349.67. The company has a quick ratio of 1.95, a current ratio of 1.99 and a leverage ratio of 0.30.

Microsoft (NASDAQ:MSFT – Get Rating) last released its results on Tuesday, April 26. The software giant reported earnings per share of $2.22 for the quarter, beating analyst consensus estimates of $2.18 by $0.04. Microsoft had a return on equity of 44.85% and a net margin of 37.63%. The company posted revenue of $49.36 billion for the quarter, versus analyst estimates of $49.05 billion. In the same quarter last year, the company posted earnings per share of $1.95. The company’s revenues increased by 18.4% compared to the same quarter last year. As a group, research analysts expect Microsoft Co. to post earnings per share of 9.27 for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 8. Shareholders of record on Thursday August 18 will receive a dividend of $0.62. The ex-date of this dividend is Wednesday, August 17. This represents a dividend of $2.48 on an annualized basis and a yield of 0.94%. Microsoft’s payout rate is 25.89%.

A number of stock analysts have weighed in on MSFT shares. Credit Suisse Group set a target price of $400.00 on Microsoft in a Friday, June 3 research report. Jefferies Financial Group cut its price target on Microsoft stock from $325.00 to $320.00 in a Monday, June 13 research report. Evercore ISI cut its target price on Microsoft stock from $370.00 to $330.00 and set an “in-line” rating for the company in a Wednesday, April 27 report. Piper Sandler cut her target price on Microsoft stock from $352.00 to $312.00 and set an “overweight” rating for the company in a report released Friday. Finally, BMO Capital Markets lowered its price target on Microsoft from $345.00 to $340.00 and set an “outperform” rating for the company in a Tuesday, April 26 research note. One analyst rated the stock with a hold rating and thirty gave the company a buy rating. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $351.34.

Microsoft Company Profile (Get a rating)

Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. Its Productivity and Business Processes segment offers Office, Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance and Skype for Business, and associated client access licenses (CALs); Skype, Outlook.com, OneDrive and LinkedIn; and Dynamics 365, a set of cloud-based and on-premises business solutions for organizations and business divisions.

Further reading

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Institutional ownership by quarter for Microsoft (NASDAQ:MSFT)



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