Genesis Wealth Advisors LLC Purchases Shares of 1,387 Microsoft Co. (NASDAQ:MSFT)

Genesis Wealth Advisors LLC bought a new stake in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 1,387 shares of the software giant's stock, valued at approximately $585,000.

Other hedge funds also recently bought and sold shares of the company. WFA Asset Management Corp increased its holdings in shares of Microsoft by 27.0% in the first quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant's stock worth $427,000 after purchasing an additional 216 shares during the last quarter. Ironwood Wealth Management LLC. grew 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 buying an additional 38 shares in the last quarter. AMF Tjanstepension AB increased its stake in Microsoft by 1.8% in the 3rd quarter. AMF Tjanstepension AB now owns 2,799,261 shares of the software giant's stock worth $1,204,664,000 after acquiring an additional 49,735 shares during the last quarter. Discipline Wealth Solutions LLC raised its holdings in shares of Microsoft by 410.4% during the 3rd quarter. Discipline Wealth Solutions LLC now owns 2,659 shares of the software giant's stock worth $1,144,000 after acquiring an additional 2,138 shares in the last quarter. Finally, Swedbank AB boosted its position in shares of Microsoft by 0.4% during the 3rd quarter. Swedbank AB now owns 13,689,356 shares of the software giant's stock valued at $5,890,530,000 after acquiring an additional 49,288 shares during the last quarter. Institutional investors own 71.13% of the company's stock.

Microsoft Stock Up 7.6 %

Shares of NASDAQ MSFT traded up $30.14 during mid-day trading on Thursday, reaching $425.40. 58,840,495 shares of the company were exchanged, compared to its average volume of 21,314,175. The firm has a 50-day moving average of $383.76 and a 200 day moving average of $410.91. Microsoft Co. has a 1 year low of $344.79 and a 1 year high of $468.35. 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 stock has a market cap of $3.16 trillion, a price-to-earnings ratio of 34.25, a P/E/G ratio of 2.21 and a beta of 1.00.

Microsoft (NASDAQ:MSFT - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The software giant reported $3.46 earnings per share for the quarter, beating analysts' consensus estimates of $3.22 by $0.24. The business had revenue of $70.07 billion for the quarter, compared to analysts' expectations of $68.54 billion. Microsoft had a net margin of 35.43% and a return on equity of 33.36%. The company's revenue was up 13.3% compared to the same quarter last year. During the same period last year, the business earned $2.94 EPS. On average, research analysts expect that Microsoft Co. will post 13.08 earnings per share for the current year.

Microsoft Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 15th will be issued a dividend of $0.83 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.32 annualized dividend and a dividend yield of 0.78%. Microsoft's dividend payout ratio is presently 26.73%.

Analysts Set New Price Targets

MSFT has been the topic of a number of recent research reports. KeyCorp reaffirmed a "sector weight" rating on shares of Microsoft in a research note on Thursday, April 17th. Tigress Financial upped their target price on shares of Microsoft from $550.00 to $595.00 and gave the company a "buy" rating in a research report on Thursday, March 20th. Benchmark reiterated a "buy" rating on shares of Microsoft in a research report on Thursday. Cantor Fitzgerald boosted their price objective on Microsoft from $502.00 to $512.00 and gave the stock an "overweight" rating in a research note on Thursday. Finally, Westpark Capital reaffirmed a "hold" rating on shares of Microsoft in a research note on Thursday. Six equities research analysts have rated the stock with a hold rating and thirty have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $507.77.

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.