Maytree Asset Management Ltd Acquires Shares of 2,300 Microsoft Co. (NASDAQ:MSFT)

Maytree Asset Management Ltd bought a new stake in Microsoft Co. (NASDAQ:MSFT - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 2,300 shares of the software giant's stock, valued at approximately $969,000. Microsoft makes up approximately 2.2% of Maytree Asset Management Ltd's portfolio, making the stock its 6th largest position.

Several other institutional investors also recently modified their holdings of MSFT. Fiduciary Advisors Inc. purchased a new position in Microsoft in the fourth quarter valued at approximately $38,000. IFS Advisors LLC lifted its stake in Microsoft by 53.8% in the fourth quarter. IFS Advisors LLC now owns 100 shares of the software giant's stock valued at $42,000 after purchasing an additional 35 shares during the last quarter. Avondale Wealth Management lifted its stake in Microsoft by 144.4% in the fourth quarter. Avondale Wealth Management now owns 110 shares of the software giant's stock valued at $46,000 after purchasing an additional 65 shares during the last quarter. MidAtlantic Capital Management Inc. purchased a new position in Microsoft in the third quarter valued at approximately $62,000. Finally, Kieckhefer Group LLC purchased a new position in Microsoft in the fourth quarter valued at approximately $141,000. 71.13% of the stock is owned by institutional investors.

Microsoft Price Performance

MSFT traded down $0.69 during trading on Monday, reaching $391.16. The stock had a trading volume of 16,533,069 shares, compared to its average volume of 21,150,692. The business has a 50-day moving average of $384.46 and a 200-day moving average of $411.17. Microsoft Co. has a one year low of $344.79 and a one year high of $468.35. The stock has a market cap of $2.91 trillion, a PE ratio of 31.49, a PEG ratio of 2.21 and a beta of 1.00. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.34 and a current ratio of 1.35.

Microsoft (NASDAQ:MSFT - Get Free Report) last issued its earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share for the quarter, beating the consensus estimate of $3.15 by $0.08. Microsoft had a return on equity of 33.36% and a net margin of 35.43%. During the same quarter in the previous year, the firm posted $2.93 earnings per share. As a group, equities research analysts anticipate that Microsoft Co. will post 13.08 EPS for the current fiscal year.

Microsoft Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Thursday, May 15th will be given a $0.83 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.32 annualized dividend and a yield of 0.85%. Microsoft's payout ratio is currently 26.73%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Wells Fargo & Company dropped their target price on Microsoft from $515.00 to $500.00 and set an "overweight" rating on the stock in a research report on Monday, April 14th. Cantor Fitzgerald restated an "overweight" rating and set a $509.00 target price on shares of Microsoft in a research report on Wednesday, January 29th. Jefferies Financial Group restated a "buy" rating and set a $475.00 target price (down previously from $500.00) on shares of Microsoft in a research report on Monday, April 7th. Piper Sandler dropped their target price on Microsoft from $520.00 to $435.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 23rd. Finally, Bank of America dropped their target price on Microsoft from $510.00 to $480.00 and set a "buy" rating on the stock in a research report on Tuesday, April 15th. Five analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the stock. According to MarketBeat.com, Microsoft has a consensus rating of "Moderate Buy" and an average price target of $493.89.

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.