Prakash Investment Advisors LLC acquired a new position in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 7,121 shares of the software giant's stock, valued at approximately $3,001,000. Microsoft comprises about 3.0% of Prakash Investment Advisors LLC's investment portfolio, making the stock its 7th largest holding.
Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Fiduciary Advisors Inc. acquired a new position in Microsoft in the 4th quarter valued at approximately $38,000. IFS Advisors LLC increased its position 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 purchasing an additional 35 shares during the period. Avondale Wealth Management raised its stake in shares of Microsoft by 144.4% in 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 in the last quarter. MidAtlantic Capital Management Inc. bought a new position in Microsoft in the third quarter worth $62,000. Finally, Kieckhefer Group LLC acquired a new stake in Microsoft during the fourth quarter worth $141,000. 71.13% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently issued reports on MSFT shares. StockNews.com cut shares of Microsoft from a "buy" rating to a "hold" rating in a research note on Friday, February 28th. Royal Bank of Canada restated an "outperform" rating and set a $500.00 price target on shares of Microsoft in a research note on Thursday, January 30th. Cantor Fitzgerald reissued an "overweight" rating and issued a $509.00 target price on shares of Microsoft in a report on Wednesday, January 29th. Mizuho cut their target price on Microsoft from $510.00 to $500.00 and set an "outperform" rating for the company in a research report on Thursday, January 30th. Finally, BMO Capital Markets lowered their price target on Microsoft from $490.00 to $470.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 16th. Five analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $493.13.
View Our Latest Stock Analysis on Microsoft
Microsoft Trading Up 3.4 %
MSFT opened at $387.30 on Friday. Microsoft Co. has a twelve month low of $344.79 and a twelve month high of $468.35. The firm has a market cap of $2.88 trillion, a PE ratio of 31.18, a price-to-earnings-growth ratio of 2.21 and a beta of 1.00. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.34 and a current ratio of 1.35. The firm's fifty day moving average is $385.28 and its two-hundred day moving average is $411.53.
Microsoft (NASDAQ:MSFT - Get Free Report) last posted its earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share for the quarter, topping the consensus estimate 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 last year, the firm earned $2.93 EPS. Equities research analysts anticipate that Microsoft Co. will post 13.08 EPS for the current year.
Microsoft Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Thursday, May 15th will be paid a dividend of $0.83 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.32 dividend on an annualized basis and a yield of 0.86%. Microsoft's payout ratio is 26.73%.
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.
Further Reading
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