Sincerus Advisory LLC Invests $327,000 in Microsoft Co. (NASDAQ:MSFT)

Sincerus Advisory LLC acquired a new stake in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 775 shares of the software giant's stock, valued at approximately $327,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Red Crane Wealth Management LLC acquired a new stake in shares of Microsoft during the 4th quarter worth about $596,000. Checchi Capital Advisers LLC grew its stake in Microsoft by 2.1% during the fourth quarter. Checchi Capital Advisers LLC now owns 88,123 shares of the software giant's stock worth $37,144,000 after buying an additional 1,829 shares during the last quarter. LifeGoal Wealth Advisors acquired a new stake in shares of Microsoft during the fourth quarter worth approximately $572,000. Impact Investors Inc bought a new position in shares of Microsoft in the fourth quarter valued at approximately $1,989,000. Finally, Siligmueller & Norvid Wealth Advisors LLC acquired a new position in shares of Microsoft in the 4th quarter worth approximately $776,000. Institutional investors and hedge funds own 71.13% of the company's stock.

Microsoft Stock Up 2.3 %

Shares of MSFT stock traded up $9.88 on Friday, hitting $435.28. 30,732,671 shares of the stock were exchanged, compared to its average volume of 21,356,359. The business has a 50-day moving average of $384.93 and a 200 day moving average of $411.12. Microsoft Co. has a fifty-two week low of $344.79 and a fifty-two week high of $468.35. The firm has a market capitalization of $3.24 trillion, a P/E ratio of 35.05, a price-to-earnings-growth ratio of 2.21 and a beta of 1.00. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.13.

Microsoft (NASDAQ:MSFT - Get Free Report) last announced its earnings results on Wednesday, April 30th. The software giant reported $3.46 EPS for the quarter, topping the consensus estimate of $3.22 by $0.24. The business had revenue of $70.07 billion during 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 firm's revenue was up 13.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.94 earnings per share. Equities analysts anticipate that Microsoft Co. will post 13.08 EPS for the current year.

Microsoft Dividend Announcement

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

Analyst Ratings Changes

Several brokerages have issued reports on MSFT. Raymond James lifted their price objective on Microsoft from $480.00 to $490.00 and gave the company an "outperform" rating in a research report on Thursday. Cantor Fitzgerald increased their price objective on shares of Microsoft from $502.00 to $512.00 and gave the stock an "overweight" rating in a report on Thursday. JPMorgan Chase & Co. boosted their target price on shares of Microsoft from $465.00 to $475.00 and gave the stock an "overweight" rating in a research note on Thursday. Tigress Financial increased their price target on shares of Microsoft from $550.00 to $595.00 and gave the company a "buy" rating in a research note on Thursday, March 20th. Finally, Wells Fargo & Company boosted their price objective on shares of Microsoft from $500.00 to $515.00 and gave the stock an "overweight" rating in a research report on Thursday. Six investment analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price 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.