Microsoft Co. (NASDAQ:MSFT) is Synergy Financial Group LTD's 3rd Largest Position

Synergy Financial Group LTD lessened its holdings in Microsoft Co. (NASDAQ:MSFT - Free Report) by 15.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 18,705 shares of the software giant's stock after selling 3,300 shares during the period. Microsoft accounts for approximately 6.6% of Synergy Financial Group LTD's portfolio, making the stock its 3rd largest holding. Synergy Financial Group LTD's holdings in Microsoft were worth $7,884,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Fiduciary Advisors Inc. acquired a new position in shares of Microsoft in the fourth quarter worth $38,000. IFS Advisors LLC increased its position in Microsoft by 53.8% during the 4th quarter. IFS Advisors LLC now owns 100 shares of the software giant's stock worth $42,000 after purchasing an additional 35 shares in the last quarter. Avondale Wealth Management increased its position in Microsoft by 144.4% during the 4th quarter. Avondale Wealth Management now owns 110 shares of the software giant's stock worth $46,000 after purchasing an additional 65 shares in the last quarter. MidAtlantic Capital Management Inc. acquired a new position in Microsoft in the 3rd quarter valued at about $62,000. Finally, Kieckhefer Group LLC purchased a new position in Microsoft in the 4th quarter valued at about $141,000. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Microsoft Stock Up 0.3 %

NASDAQ MSFT opened at $395.26 on Thursday. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. Microsoft Co. has a fifty-two week low of $344.79 and a fifty-two week high of $468.35. The business has a 50 day moving average price of $383.76 and a two-hundred day moving average price of $410.91. The stock has a market cap of $2.94 trillion, a PE ratio of 31.82, a P/E/G ratio of 2.21 and a beta of 1.00.

Microsoft (NASDAQ:MSFT - Get Free Report) last announced its earnings results on Wednesday, April 30th. The software giant reported $3.46 earnings per share for the quarter, beating the consensus estimate of $3.22 by $0.24. Microsoft had a net margin of 35.43% and a return on equity of 33.36%. The business had revenue of $70.07 billion during the quarter, compared to the consensus estimate of $68.54 billion. During the same period in the prior year, the firm earned $2.94 earnings per share. The business's quarterly revenue was up 13.3% compared to the same quarter last year. As a group, sell-side analysts predict that Microsoft Co. will post 13.08 EPS for the current fiscal year.

Microsoft Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 15th will be given a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date of this dividend is Thursday, May 15th. Microsoft's payout ratio is 26.73%.

Analyst Ratings Changes

MSFT has been the subject of a number of analyst reports. DA Davidson raised shares of Microsoft from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $425.00 to $450.00 in a research report on Thursday, March 13th. Stifel Nicolaus cut their price target on Microsoft from $515.00 to $475.00 and set a "buy" rating for the company in a report on Friday, March 7th. Scotiabank started coverage on Microsoft in a report on Thursday, March 20th. They set a "sector outperform" rating and a $470.00 price objective on the stock. Tigress Financial upped their target price on Microsoft from $550.00 to $595.00 and gave the company a "buy" rating in a research note on Thursday, March 20th. Finally, Jefferies Financial Group reiterated a "buy" rating and set a $475.00 target price (down from $500.00) on shares of Microsoft in a research report on Monday, April 7th. Five investment analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $493.89.

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.

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