Coordinated Financial Services Inc. Invests $1.80 Million in Microsoft Co. (NASDAQ:MSFT)

Coordinated Financial Services Inc. bought a new stake in Microsoft Co. (NASDAQ:MSFT - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 4,258 shares of the software giant's stock, valued at approximately $1,795,000. Microsoft comprises 1.4% of Coordinated Financial Services Inc.'s portfolio, making the stock its 13th largest position.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of MSFT. Proficio Capital Partners LLC boosted its stake in shares of Microsoft by 34,643.3% during the fourth quarter. Proficio Capital Partners LLC now owns 16,837,278 shares of the software giant's stock valued at $7,096,913,000 after purchasing an additional 16,788,816 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of Microsoft by 76.6% during the fourth quarter. Assenagon Asset Management S.A. now owns 10,532,402 shares of the software giant's stock valued at $4,439,407,000 after purchasing an additional 4,568,539 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Microsoft by 2.0% during the third quarter. Geode Capital Management LLC now owns 165,024,812 shares of the software giant's stock valued at $70,790,682,000 after purchasing an additional 3,264,648 shares in the last quarter. Baillie Gifford & Co. boosted its stake in shares of Microsoft by 46.1% during the third quarter. Baillie Gifford & Co. now owns 7,048,244 shares of the software giant's stock valued at $3,032,859,000 after purchasing an additional 2,222,483 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Microsoft by 4.1% during the third 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 valued at $23,490,417,000 after purchasing an additional 2,125,030 shares in the last quarter. Institutional investors own 71.13% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Guggenheim reissued a "neutral" rating on shares of Microsoft in a research note on Thursday, May 1st. Mizuho lifted their price objective on Microsoft from $475.00 to $500.00 and gave the stock an "outperform" rating in a research note on Thursday, May 1st. StockNews.com raised Microsoft from a "hold" rating to a "buy" rating in a research note on Monday, May 5th. Bank of America cut their price objective on Microsoft from $510.00 to $480.00 and set a "buy" rating on the stock in a research note on Tuesday, April 15th. Finally, Wedbush lifted their price objective on Microsoft from $475.00 to $515.00 and gave the stock an "outperform" rating in a research note on Thursday, May 1st. Five research analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $509.16.

Microsoft Stock Up 0.0%

Shares of NASDAQ MSFT traded up $0.19 during midday trading on Thursday, hitting $453.13. 21,913,513 shares of the stock traded hands, compared to its average volume of 21,510,806. The company has a market cap of $3.37 trillion, a PE ratio of 36.48, a P/E/G ratio of 2.21 and a beta of 0.99. Microsoft Co. has a one year low of $344.79 and a one year high of $468.35. The business has a 50 day moving average price of $392.40 and a two-hundred day moving average price of $412.14. 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 announced its quarterly earnings results on Wednesday, April 30th. The software giant reported $3.46 earnings per share (EPS) for the quarter, topping the consensus estimate 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 the consensus estimate of $68.54 billion. During the same quarter in the prior year, the company posted $2.94 earnings per share. Microsoft's revenue was up 13.3% compared to the same quarter last year. On average, equities analysts predict that Microsoft Co. will post 13.08 EPS for the current year.

Microsoft Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Thursday, May 15th will be issued a dividend of $0.83 per share. The ex-dividend date is Thursday, May 15th. This represents a $3.32 annualized dividend and a yield of 0.73%. Microsoft's dividend payout ratio (DPR) is currently 25.66%.

Insider Buying and Selling

In other Microsoft news, insider Bradford L. Smith sold 6,000 shares of the company's stock in a transaction on Monday, May 5th. The stock was sold at an average price of $433.17, for a total value of $2,599,020.00. Following the completion of the transaction, the insider now owns 471,036 shares in the company, valued at $204,038,664.12. This represents a 1.26% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.03% of the stock is currently owned by corporate insiders.

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.