Microsoft Co. (NASDAQ:MSFT) Shares Bought by Sycomore Asset Management

Category: Finance

Sycomore Asset Management increased its stake in Microsoft by 4.4% in Q1, owning 136,821 shares valued at $55.58 million. Other institutional investors also adjusted their positions, with significant purchases from Norges Bank and Vanguard Group. Microsoft reported strong earnings, beating estimates with $2.94 EPS and $61.86 billion in revenue. The company declared a quarterly dividend of $0.75, with a yield of 0.68%. Analysts maintain a 'Moderate Buy' rating with a consensus price target of $477.72.

Keywords: Microsoft, Sycomore Asset Management, institutional investors

Source: MarketBeat

Update At: 7/20/2024

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