13,542 Shares in Microsoft Co. (NASDAQ:MSFT) Bought by Prasad Wealth Partners LLC

Prasad Wealth Partners LLC purchased a new position in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 13,542 shares of the software giant's stock, valued at approximately $5,708,000. Microsoft makes up 1.8% of Prasad Wealth Partners LLC's holdings, making the stock its 21st largest holding.

A number of other large investors also recently modified their holdings of MSFT. BankPlus Trust Department acquired a new position in Microsoft during the 4th quarter worth approximately $13,861,000. Portland Financial Advisors Inc acquired a new position in shares of Microsoft during the fourth quarter valued at about $291,000. Edge Capital Group LLC lifted its position in Microsoft by 5.0% in the 4th quarter. Edge Capital Group LLC now owns 84,803 shares of the software giant's stock valued at $35,744,000 after acquiring an additional 4,014 shares in the last quarter. Rothschild Investment LLC increased its holdings in Microsoft by 0.4% during the 4th quarter. Rothschild Investment LLC now owns 69,938 shares of the software giant's stock worth $29,479,000 after purchasing an additional 248 shares in the last quarter. Finally, Wealthstream Advisors Inc. lifted its holdings in shares of Microsoft by 3.7% in the fourth quarter. Wealthstream Advisors Inc. now owns 12,419 shares of the software giant's stock valued at $5,235,000 after purchasing an additional 444 shares in the last quarter. 71.13% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

MSFT has been the topic of several research reports. Tigress Financial lifted their price objective on shares of Microsoft from $550.00 to $595.00 and gave the stock a "buy" rating in a research report on Thursday, March 20th. Evercore ISI lifted their price target on shares of Microsoft from $435.00 to $500.00 and gave the stock an "outperform" rating in a research note on Thursday. DA Davidson increased their price target on shares of Microsoft from $450.00 to $500.00 and gave the company a "buy" rating in a research report on Thursday. TD Securities upped their target price on Microsoft from $475.00 to $490.00 and gave the company a "buy" rating in a report on Thursday. Finally, Westpark Capital reissued a "hold" rating on shares of Microsoft in a research report on Thursday. Six analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the stock. According to MarketBeat, Microsoft has an average rating of "Moderate Buy" and a consensus target price of $507.77.

Microsoft Stock Performance

Shares of MSFT traded up $10.02 on Friday, reaching $435.42. The company's stock had a trading volume of 21,028,654 shares, compared to its average volume of 21,310,666. The stock's 50 day simple moving average is $384.18 and its two-hundred day simple moving average is $411.01. 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 has a market capitalization of $3.24 trillion, a P/E ratio of 35.05, a PEG ratio of 2.21 and a beta of 1.00. Microsoft Co. has a 12-month low of $344.79 and a 12-month high of $468.35.

Microsoft (NASDAQ:MSFT - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The software giant reported $3.46 earnings per share for the quarter, topping the consensus estimate 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 quarter last year, the company posted $2.94 EPS. Research analysts forecast that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 15th will be paid a $0.83 dividend. This represents a $3.32 annualized dividend and a dividend yield of 0.76%. The ex-dividend date of this dividend is Thursday, May 15th. Microsoft's dividend payout ratio (DPR) is currently 26.73%.

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.