FSR Wealth Management Ltd. Purchases New Position in Microsoft Co. (NASDAQ:MSFT)

FSR Wealth Management Ltd. acquired a new position in Microsoft Co. (NASDAQ:MSFT - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 1,662 shares of the software giant's stock, valued at approximately $701,000. Microsoft accounts for approximately 0.9% of FSR Wealth Management Ltd.'s investment portfolio, making the stock its 20th biggest position.

Several other institutional investors have also recently added to or reduced their stakes in the business. Fiduciary Advisors Inc. acquired a new stake in shares of Microsoft in the 4th quarter worth about $38,000. IFS Advisors LLC lifted its holdings in Microsoft by 53.8% in the fourth quarter. IFS Advisors LLC now owns 100 shares of the software giant's stock worth $42,000 after purchasing an additional 35 shares during the period. Avondale Wealth Management grew its position in Microsoft by 144.4% in the 4th quarter. Avondale Wealth Management now owns 110 shares of the software giant's stock valued at $46,000 after buying an additional 65 shares in the last quarter. MidAtlantic Capital Management Inc. acquired a new stake in shares of Microsoft in the third quarter valued at $62,000. Finally, Kieckhefer Group LLC acquired a new position in Microsoft during the fourth quarter worth about $141,000. Institutional investors own 71.13% of the company's stock.

Microsoft Stock Performance

NASDAQ MSFT traded up $7.10 during trading on Friday, hitting $388.45. The company's stock had a trading volume of 23,826,330 shares, compared to its average volume of 21,250,515. The firm has a 50 day moving average price of $391.89 and a 200 day moving average price of $414.41. The firm has a market cap of $2.89 trillion, a P/E ratio of 31.28, a price-to-earnings-growth ratio of 2.21 and a beta of 1.00. 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 52 week low of $344.79 and a 52 week high of $468.35.

Microsoft (NASDAQ:MSFT - Get Free Report) last announced its quarterly earnings data on Wednesday, January 29th. The software giant reported $3.23 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.15 by $0.08. Microsoft had a net margin of 35.43% and a return on equity of 33.36%. During the same period in the previous year, the business posted $2.93 earnings per share. Equities 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 declared a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Thursday, May 15th will be paid a $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 0.85%. The ex-dividend date is Thursday, May 15th. Microsoft's dividend payout ratio is 26.73%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on MSFT. Scotiabank assumed coverage on shares of Microsoft in a research note on Thursday, March 20th. They issued a "sector outperform" rating and a $470.00 price objective on the stock. Jefferies Financial Group reissued a "buy" rating and issued a $475.00 price target (down from $500.00) on shares of Microsoft in a research report on Monday, April 7th. Stifel Nicolaus cut their target price on shares of Microsoft from $515.00 to $475.00 and set a "buy" rating for the company in a research report on Friday, March 7th. DA Davidson raised shares of Microsoft from a "neutral" rating to a "buy" rating and upped their price target for the stock from $425.00 to $450.00 in a research note on Thursday, March 13th. Finally, Tigress Financial lifted their price objective on Microsoft from $550.00 to $595.00 and gave the company a "buy" rating in a research report on Thursday, March 20th. Four research analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the stock. According to data from MarketBeat.com, Microsoft presently has an average rating of "Moderate Buy" and a consensus price target of $505.41.

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.