Grove Street Fiduciary LLC Takes Position in Microsoft Co. (NASDAQ:MSFT)

Grove Street Fiduciary LLC purchased a new position in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,076 shares of the software giant's stock, valued at approximately $1,297,000. Microsoft makes up approximately 0.7% of Grove Street Fiduciary LLC's investment portfolio, making the stock its 25th biggest position.

Other hedge funds have also made changes to their positions in the company. Arcadia Investment Management Corp MI increased its stake in shares of Microsoft by 0.5% during the fourth quarter. Arcadia Investment Management Corp MI now owns 60,772 shares of the software giant's stock worth $25,615,000 after buying an additional 321 shares during the period. Compass Capital Corp MA ADV purchased a new stake in shares of Microsoft during the fourth quarter worth approximately $8,532,000. Summerhill Capital Management lnc. increased its stake in shares of Microsoft by 2.1% during the fourth quarter. Summerhill Capital Management lnc. now owns 27,490 shares of the software giant's stock worth $11,587,000 after buying an additional 557 shares during the period. Timonier Family Office LTD. purchased a new stake in shares of Microsoft during the fourth quarter worth approximately $1,026,000. Finally, Cordatus Wealth Management LLC increased its stake in Microsoft by 3.6% in the fourth quarter. Cordatus Wealth Management LLC now owns 46,028 shares of the software giant's stock valued at $19,401,000 after purchasing an additional 1,587 shares during the last quarter. Institutional investors and hedge funds own 71.13% of the company's stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Westpark Capital started coverage on shares of Microsoft in a research report on Tuesday, April 1st. They set a "hold" rating for the company. Royal Bank of Canada reissued an "outperform" rating and issued a $500.00 price target on shares of Microsoft in a research report on Thursday, January 30th. Scotiabank initiated coverage on shares of Microsoft in a research report on Thursday, March 20th. They issued a "sector outperform" rating and a $470.00 price target for the company. Mizuho reduced their price target 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. Finally, Morgan Stanley reduced their price target on shares of Microsoft from $530.00 to $472.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Five equities research analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the stock. According to data from MarketBeat.com, Microsoft currently has a consensus rating of "Moderate Buy" and a consensus price target of $493.89.

Microsoft Stock Performance

Shares of Microsoft stock traded up $2.88 on Tuesday, reaching $394.04. 14,501,358 shares of the stock were exchanged, compared to its average volume of 21,132,260. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.13. The business has a fifty day moving average price of $384.02 and a two-hundred day moving average price of $411.02. Microsoft Co. has a 1-year low of $344.79 and a 1-year high of $468.35. The firm has a market capitalization of $2.93 trillion, a PE ratio of 31.73, a PEG ratio of 2.21 and a beta of 1.00.

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, topping the consensus estimate 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 quarter last year, the company earned $2.93 EPS. As a group, research analysts anticipate that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders 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 dividend yield of 0.84%. Microsoft's dividend payout ratio is presently 26.73%.

Microsoft Company 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.