Grove Street Fiduciary LLC Makes New $1.30 Million Investment in Microsoft Co. (NASDAQ:MSFT)

Grove Street Fiduciary LLC purchased a new position in Microsoft Co. (NASDAQ:MSFT - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,076 shares of the software giant's stock, valued at approximately $1,297,000. Microsoft comprises about 0.7% of Grove Street Fiduciary LLC's investment portfolio, making the stock its 25th largest position.

Several other institutional investors have also added to or reduced their stakes in MSFT. Fiduciary Advisors Inc. purchased a new position in Microsoft during the 4th quarter valued at about $38,000. IFS Advisors LLC increased its stake in shares of Microsoft by 53.8% during the fourth quarter. IFS Advisors LLC now owns 100 shares of the software giant's stock valued at $42,000 after buying an additional 35 shares during the period. Avondale Wealth Management raised its holdings 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 acquiring an additional 65 shares in the last quarter. MidAtlantic Capital Management Inc. purchased a new stake in Microsoft in the third quarter worth $62,000. Finally, Kieckhefer Group LLC bought a new stake in Microsoft in the fourth quarter valued at $141,000. 71.13% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on MSFT shares. Westpark Capital started coverage on shares of Microsoft in a research report on Tuesday, April 1st. They issued a "hold" rating for the company. Guggenheim reaffirmed a "neutral" rating on shares of Microsoft in a research report on Wednesday. Scotiabank started coverage on Microsoft in a research report on Thursday, March 20th. They issued a "sector outperform" rating and a $470.00 target price for the company. Mizuho dropped their price target on Microsoft from $510.00 to $500.00 and set an "outperform" rating on the stock in a research report on Thursday, January 30th. Finally, Bank of America reduced their price target on Microsoft from $510.00 to $480.00 and set a "buy" rating on the stock in a research note on Tuesday, April 15th. Five investment analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $493.13.

Microsoft Stock Performance

Shares of MSFT stock traded up $4.55 during trading hours on Friday, reaching $391.85. 18,959,931 shares of the company traded hands, compared to its average volume of 21,169,050. The firm has a 50-day moving average price of $384.93 and a 200 day moving average price of $411.41. The company has a market cap of $2.91 trillion, a P/E ratio of 31.55, a P/E/G ratio of 2.21 and a beta of 1.00. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.34. 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 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 net margin of 35.43% and a return on equity of 33.36%. During the same period last year, the company earned $2.93 earnings per share. As a group, sell-side analysts predict that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The firm 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 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date of this dividend is Thursday, May 15th. Microsoft's dividend payout ratio (DPR) is 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.