Corps Capital Advisors LLC Makes New $5.21 Million Investment in Microsoft Co. (NASDAQ:MSFT)

Corps Capital Advisors LLC purchased a new position in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 12,371 shares of the software giant's stock, valued at approximately $5,214,000. Microsoft accounts for about 5.3% of Corps Capital Advisors LLC's investment portfolio, making the stock its 3rd largest holding.

Other institutional investors have also modified their holdings of the company. Geode Capital Management LLC grew its stake in Microsoft by 2.0% in the 3rd quarter. Geode Capital Management LLC now owns 165,024,812 shares of the software giant's stock valued at $70,790,682,000 after acquiring an additional 3,264,648 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Microsoft by 4.1% during 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 purchasing an additional 2,125,030 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Microsoft by 1.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 47,229,125 shares of the software giant's stock valued at $20,322,513,000 after buying an additional 652,493 shares in the last quarter. Franklin Resources Inc. boosted its holdings in Microsoft by 1.1% in the 3rd quarter. Franklin Resources Inc. now owns 38,420,657 shares of the software giant's stock worth $16,104,959,000 after buying an additional 406,940 shares during the last quarter. Finally, Fisher Asset Management LLC increased its stake in Microsoft by 2.3% during the 3rd quarter. Fisher Asset Management LLC now owns 27,904,450 shares of the software giant's stock worth $12,007,285,000 after buying an additional 636,713 shares in the last quarter. Hedge funds and other institutional investors own 71.13% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on MSFT. BMO Capital Markets decreased their target price on Microsoft from $490.00 to $470.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 16th. Scotiabank started coverage on shares of Microsoft in a research note on Thursday, March 20th. They set a "sector outperform" rating and a $470.00 target price on the stock. Mizuho reduced their target price on shares of Microsoft from $510.00 to $500.00 and set an "outperform" rating for the company in a research report on Thursday, January 30th. Wells Fargo & Company lowered their price target on shares of Microsoft from $515.00 to $500.00 and set an "overweight" rating on the stock in a research report on Monday, April 14th. Finally, KeyCorp reissued a "sector weight" rating on shares of Microsoft in a research note on Thursday, April 17th. Five equities research analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $493.89.

Microsoft Price Performance

Shares of NASDAQ MSFT traded up $4.55 during midday trading on Friday, hitting $391.85. The company had a trading volume of 18,959,931 shares, compared to its average volume of 21,169,050. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. The business has a 50-day simple moving average of $384.93 and a two-hundred day simple moving average of $411.34. Microsoft Co. has a twelve month low of $344.79 and a twelve month high of $468.35. The firm has a market capitalization of $2.91 trillion, a price-to-earnings ratio of 31.55, a price-to-earnings-growth ratio of 2.21 and a beta of 1.00.

Microsoft (NASDAQ:MSFT - Get Free Report) last issued its quarterly earnings data on Wednesday, January 29th. The software giant reported $3.23 EPS for the quarter, beating 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 in the previous year, the business posted $2.93 EPS. Equities research analysts anticipate that Microsoft Co. will post 13.08 earnings per share for the current year.

Microsoft Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Thursday, May 15th will be issued a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date of this dividend is Thursday, May 15th. Microsoft's dividend payout ratio (DPR) is presently 26.73%.

Microsoft 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.