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Perigon Wealth Management LLC Increases Stake in Microsoft Co. (NASDAQ:MSFT)

Perigon Wealth Management LLC Increases Stake in Microsoft Co. (NASDAQ:MSFT)

  • 20.03.2025 08:47
  • etfdailynews.com
  • Keywords: AI

Perigon Wealth Management LLC increased its stake in Microsoft by 6.8% in Q4, owning 180,500 shares worth $76.6 million, making it their 6th largest holding. Other institutions also boosted their positions, while analysts rate the stock a "Moderate Buy" with a price target of $510.43.

Microsoft ServicesMicrosoft Reports

Estimated market influence

Perigon Wealth Management LLC

Positivesentiment_satisfied
Analyst rating: N/A

Increased their stake in Microsoft by 6.8% in the fourth quarter.

Geode Capital Management LLC

Positivesentiment_satisfied
Analyst rating: N/A

Raised its position in Microsoft by 2.0% in the third quarter.

Context

Analysis of Perigon Wealth Management LLC's Stake Increase in Microsoft Co. (NASDAQ:MSFT)

Key Facts and Data Points

  • Perigon Wealth Management LLC increased its stake in Microsoft by 6.8% in the fourth quarter, acquiring an additional 11,566 shares.
  • Total holdings in Microsoft now stand at 180,500 shares, valued at $76,636,000.
  • Microsoft represents 1.9% of Perigon Wealth Management LLC’s portfolio, making it the 6th largest position.

Competitive Dynamics and Institutional Activity

  • Geode Capital Management LLC: Increased holdings by 2.0%, now owning 165,024,812 shares worth $70,790,682,000.
  • UBS AM (a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC): Boosted stake by 4.1%, now holding 54,590,791 shares valued at $23,490,417,000.
  • Charles Schwab Investment Management Inc.: Grew its stake by 1.4%, now owning 47,229,125 shares worth $20,322,513,000.
  • International Assets Investment Management LLC: Increased holdings by an astonishing 48,526.1%, acquiring 38,422,466 additional shares to hold 38,501,645 shares worth $16,567,258,000.
  • Franklin Resources Inc.: Boosted holdings by 1.1%, now owning 38,420,657 shares valued at $16,104,959,000.

Analyst Sentiment and Price Targets

  • Analyst Consensus: Microsoft has a "Moderate Buy" rating with a consensus price target of $510.43.
  • Recent Adjustments:
    • UBS Group decreased target from $525 to $510.
    • Loop Capital increased target from $500 to $550.
    • Royal Bank of Canada reaffirmed "outperform" with a $500 target.
    • Stifel Nicolaus reduced target from $515 to $475.
    • DA Davidson upgraded rating from "neutral" to "buy" and increased target to $450.

Microsoft Stock Performance

  • Opening Price: $387.82 on Thursday.
  • Moving Averages:
    • 50-day: $410.13
    • 200-day: $420.08
  • Financial Metrics:
    • Market Cap: $2.88 trillion
    • PE Ratio: 31.23
    • PEG Ratio: 2.21
    • Beta: 0.92
    • Quick Ratio: 1.34
    • Current Ratio: 1.35
    • Debt-to-Equity Ratio: 0.13

Dividend Information

  • Microsoft announced a quarterly dividend of $0.83, to be paid on June 12, 2024.
  • Dividend Yield: 0.86% (annualized).
  • Dividend Payout Ratio: 26.73%.

Earnings and Market Position

  • Microsoft reported $3.23 EPS for the latest quarter, exceeding analyst estimates of $3.15.
  • Analysts forecast 13.08 EPS for the current year.
  • The company has a strong market position in software, services, devices, and solutions globally.

Strategic Considerations

  • Microsoft’s stock performance and dividend yield suggest it remains a attractive investment despite analyst target adjustments.
  • Institutional investors’ increased holdings indicate confidence in Microsoft’s long-term growth potential.
  • The competitive landscape in the tech sector may influence further strategic moves by Microsoft and its investors.