Microsoft Co. (NASDAQ:MSFT) Shares Purchased by Prosperitas Financial LLC

Prosperitas Financial LLC lifted its position in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) by 35.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,422 shares of the software giant's stock after purchasing an additional 4,785 shares during the quarter. Microsoft comprises 3.9% of Prosperitas Financial LLC's investment portfolio, making the stock its 10th biggest holding. Prosperitas Financial LLC's holdings in Microsoft were worth $7,765,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. WFA Asset Management Corp boosted its stake in Microsoft by 27.0% in the 1st 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 in the last quarter. Ironwood Wealth Management LLC. grew its holdings in shares of Microsoft by 0.3% in the second quarter. Ironwood Wealth Management LLC. now owns 12,658 shares of the software giant's stock worth $5,658,000 after acquiring an additional 38 shares during the period. Discipline Wealth Solutions LLC increased its position 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 valued at $1,144,000 after purchasing an additional 2,138 shares during the last quarter. Swedbank AB raised its position in Microsoft by 0.4% in the third quarter. Swedbank AB now owns 13,689,356 shares of the software giant's stock worth $5,890,530,000 after acquiring an additional 49,288 shares during the period. Finally, Pettinga Financial Advisors LLC grew its holdings in Microsoft by 1.4% during the third quarter. Pettinga Financial Advisors LLC now owns 7,749 shares of the software giant's stock valued at $3,334,000 after purchasing an additional 109 shares during the period. 71.13% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on MSFT shares. Guggenheim reissued a "neutral" rating on shares of Microsoft in a research note on Thursday. Raymond James increased their target price on Microsoft from $480.00 to $490.00 and gave the company an "outperform" rating in a research report on Thursday. Wells Fargo & Company boosted their price target on shares of Microsoft from $500.00 to $515.00 and gave the stock an "overweight" rating in a research report on Thursday. Piper Sandler reiterated a "neutral" rating on shares of Microsoft in a research report on Thursday. Finally, Evercore ISI boosted their target price on shares of Microsoft from $435.00 to $500.00 and gave the stock an "outperform" rating in a report on Thursday. Six analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $507.77.

Microsoft Stock Up 0.2 %

Shares of MSFT stock traded up $0.89 during trading on Monday, reaching $436.17. The company's stock had a trading volume of 20,112,843 shares, compared to its average volume of 21,367,112. The company has a market capitalization of $3.24 trillion, a price-to-earnings ratio of 35.12, a P/E/G ratio of 2.21 and a beta of 0.99. Microsoft Co. has a 1-year low of $344.79 and a 1-year high of $468.35. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.34. The stock's 50-day moving average price is $384.93 and its 200 day moving average price is $411.03.

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

Microsoft Announces Dividend

The firm also recently declared 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 is Thursday, May 15th. This represents a $3.32 annualized dividend and a yield of 0.76%. Microsoft's dividend payout ratio (DPR) is 25.66%.

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.