McGrath & Associates Inc. bought a new stake in Microsoft Co. (NASDAQ:MSFT - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 757 shares of the software giant's stock, valued at approximately $319,000.
Several other institutional investors have also recently added to or reduced their stakes in the stock. WFA Asset Management Corp grew its holdings in Microsoft by 27.0% in the first quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant's stock valued at $427,000 after purchasing an additional 216 shares during the last quarter. Ironwood Wealth Management LLC. increased its holdings in Microsoft by 0.3% during the 2nd quarter. Ironwood Wealth Management LLC. now owns 12,658 shares of the software giant's stock valued at $5,658,000 after acquiring an additional 38 shares in the last quarter. Discipline Wealth Solutions LLC lifted its holdings in shares of Microsoft by 410.4% in the third quarter. Discipline Wealth Solutions LLC now owns 2,659 shares of the software giant's stock valued at $1,144,000 after purchasing an additional 2,138 shares in the last quarter. Swedbank AB grew its position in shares of Microsoft by 0.4% in the third quarter. Swedbank AB now owns 13,689,356 shares of the software giant's stock valued at $5,890,530,000 after purchasing an additional 49,288 shares during the last quarter. Finally, Pettinga Financial Advisors LLC increased its stake in shares of Microsoft by 1.4% during the 3rd quarter. Pettinga Financial Advisors LLC now owns 7,749 shares of the software giant's stock worth $3,334,000 after purchasing an additional 109 shares in the last quarter. Institutional investors and hedge funds own 71.13% of the company's stock.
Microsoft Stock Performance
MSFT traded up $0.89 on Monday, hitting $436.17. 20,112,843 shares of the company's stock were exchanged, compared to its average volume of 21,367,112. 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 stock has a fifty day moving average of $384.93 and a two-hundred day moving average of $411.03. Microsoft Co. has a twelve month low of $344.79 and a twelve month high of $468.35. The firm has a market cap of $3.24 trillion, a PE ratio of 35.12, a P/E/G ratio of 2.21 and a beta of 0.99.
Microsoft (NASDAQ:MSFT - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The software giant reported $3.46 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.22 by $0.24. Microsoft had a return on equity of 33.36% and a net margin of 35.43%. The business had revenue of $70.07 billion during the quarter, compared to analyst estimates of $68.54 billion. During the same quarter in the previous year, the firm posted $2.94 EPS. The business's revenue for the quarter was up 13.3% compared to the same quarter last year. On average, research analysts anticipate that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.
Microsoft Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Investors 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 0.76%. Microsoft's dividend payout ratio is presently 25.66%.
Analysts Set New Price Targets
A number of equities research analysts have commented on MSFT shares. Wells Fargo & Company increased their target price on Microsoft from $500.00 to $515.00 and gave the company an "overweight" rating in a report on Thursday. Morgan Stanley raised their price objective on Microsoft from $472.00 to $482.00 and gave the stock an "overweight" rating in a report on Thursday. Wedbush increased their price objective on shares of Microsoft from $475.00 to $515.00 and gave the stock an "outperform" rating in a report on Thursday. Tigress Financial increased their target price on Microsoft from $550.00 to $595.00 and gave the stock a "buy" rating in a research report on Thursday, March 20th. Finally, Royal Bank of Canada boosted their price target on Microsoft from $500.00 to $525.00 and gave the company an "outperform" rating in a research report on Thursday. Six equities research analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $507.77.
View Our Latest Report on Microsoft
About Microsoft
(
Free Report)
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.
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