Wrapmanager Inc. Grows Stock Position in Microsoft Co. (NASDAQ:MSFT)

Wrapmanager Inc. grew its position in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) by 2.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 29,043 shares of the software giant's stock after purchasing an additional 685 shares during the period. Microsoft comprises about 3.1% of Wrapmanager Inc.'s holdings, making the stock its 6th largest holding. Wrapmanager Inc.'s holdings in Microsoft were worth $12,242,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. Fiduciary Advisors Inc. purchased a new stake in Microsoft during the 4th quarter valued at about $38,000. IFS Advisors LLC lifted its position in Microsoft by 53.8% in the fourth quarter. IFS Advisors LLC now owns 100 shares of the software giant's stock valued at $42,000 after purchasing an additional 35 shares during the last quarter. Avondale Wealth Management boosted its stake in shares of Microsoft by 144.4% during the fourth quarter. Avondale Wealth Management now owns 110 shares of the software giant's stock valued at $46,000 after purchasing an additional 65 shares during the period. MidAtlantic Capital Management Inc. bought a new position in shares of Microsoft in the third quarter worth approximately $62,000. Finally, Kieckhefer Group LLC purchased a new position in shares of Microsoft in the fourth quarter worth $141,000. 71.13% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on MSFT shares. Mizuho cut their price target on shares of Microsoft from $510.00 to $500.00 and set an "outperform" rating on the stock in a report on Thursday, January 30th. The Goldman Sachs Group cut their target price on Microsoft from $500.00 to $450.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. BMO Capital Markets lowered their price target on Microsoft from $490.00 to $470.00 and set an "outperform" rating for the company in a research report on Wednesday, April 16th. Westpark Capital assumed coverage on Microsoft in a research report on Tuesday, April 1st. They issued a "hold" rating on the stock. Finally, Wedbush decreased their target price on Microsoft from $550.00 to $475.00 and set an "outperform" rating for the company in a report on Thursday, April 10th. Five research analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company. According to data from MarketBeat, Microsoft has a consensus rating of "Moderate Buy" and an average target price of $493.89.

Microsoft Price Performance

Shares of MSFT opened at $395.26 on Thursday. The company has a market capitalization of $2.94 trillion, a P/E ratio of 31.82, a price-to-earnings-growth ratio of 2.21 and a beta of 1.00. Microsoft Co. has a twelve month low of $344.79 and a twelve month 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 firm has a 50 day moving average of $383.76 and a 200 day moving average of $410.91.

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, topping analysts' consensus estimates of $3.22 by $0.24. Microsoft had a return on equity of 33.36% and a net margin of 35.43%. The business had revenue of $70.07 billion during the quarter, compared to analyst estimates of $68.54 billion. During the same quarter last year, the company earned $2.94 EPS. The company's quarterly revenue was up 13.3% compared to the same quarter last year. As a group, equities research analysts anticipate that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The business also recently declared 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. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date is Thursday, May 15th. Microsoft's payout ratio is presently 26.73%.

Microsoft Company 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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