Figure 8 Investment Strategies LLC purchased a new stake in Microsoft Co. (NASDAQ:MSFT - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The fund purchased 15,151 shares of the software giant's stock, valued at approximately $6,386,000. Microsoft comprises 6.3% of Figure 8 Investment Strategies LLC's portfolio, making the stock its 2nd biggest position.
Other large investors have also recently bought and sold shares of the company. Fiduciary Advisors Inc. acquired a new stake in shares of Microsoft in the fourth quarter valued at approximately $38,000. IFS Advisors LLC increased its position in Microsoft by 53.8% in the 4th quarter. IFS Advisors LLC now owns 100 shares of the software giant's stock valued at $42,000 after acquiring an additional 35 shares during the period. Avondale Wealth Management raised its stake in Microsoft by 144.4% during the 4th quarter. Avondale Wealth Management now owns 110 shares of the software giant's stock valued at $46,000 after acquiring an additional 65 shares in the last quarter. MidAtlantic Capital Management Inc. acquired a new position in Microsoft during the 3rd quarter worth $62,000. Finally, Kieckhefer Group LLC bought a new position in shares of Microsoft in the fourth quarter worth $141,000. Institutional investors own 71.13% of the company's stock.
Microsoft Stock Down 3.7 %
NASDAQ:MSFT traded down $14.12 on Wednesday, hitting $371.61. 21,938,586 shares of the company's stock traded hands, compared to its average volume of 21,233,013. The company has a market cap of $2.76 trillion, a PE ratio of 29.92, 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. The firm has a 50-day moving average price of $390.78 and a 200-day moving average price of $413.81. Microsoft Co. has a 1 year low of $344.79 and a 1 year high of $468.35.
Microsoft (NASDAQ:MSFT - Get Free Report) last posted its quarterly earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share for the quarter, topping analysts' consensus estimates of $3.15 by $0.08. Microsoft had a return on equity of 33.36% and a net margin of 35.43%. During the same quarter in the prior year, the firm posted $2.93 earnings per share. Equities analysts anticipate that Microsoft Co. will post 13.08 EPS for the current fiscal year.
Microsoft Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Thursday, May 15th will be issued a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a dividend yield of 0.89%. The ex-dividend date is Thursday, May 15th. Microsoft's dividend payout ratio is currently 26.73%.
Analyst Ratings Changes
Several equities research analysts recently weighed in on the stock. Tigress Financial upped their price objective on shares of Microsoft from $550.00 to $595.00 and gave the stock a "buy" rating in a report on Thursday, March 20th. Scotiabank initiated coverage on shares of Microsoft in a report on Thursday, March 20th. They issued a "sector outperform" rating and a $470.00 price objective for the company. Royal Bank of Canada reissued an "outperform" rating and set a $500.00 target price on shares of Microsoft in a report on Thursday, January 30th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $509.00 price target on shares of Microsoft in a research note on Wednesday, January 29th. Finally, Mizuho dropped their price objective on Microsoft from $510.00 to $500.00 and set an "outperform" rating on the stock in a research note on Thursday, January 30th. Four analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $499.97.
Check Out Our Latest Report on Microsoft
About Microsoft
(
Free Report)
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.
Featured Articles
Before you consider Microsoft, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Microsoft wasn't on the list.
While Microsoft currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
