Abound Financial LLC Purchases Shares of 6,418 Microsoft Co. (NASDAQ:MSFT)

Abound Financial LLC acquired a new position in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 6,418 shares of the software giant's stock, valued at approximately $2,705,000. Microsoft makes up approximately 1.4% of Abound Financial LLC's portfolio, making the stock its 15th biggest holding.

Other hedge funds have also modified their holdings of the company. Adamsbrown Wealth Consultants LLC raised its holdings in Microsoft by 2.2% during the 4th quarter. Adamsbrown Wealth Consultants LLC now owns 5,967 shares of the software giant's stock worth $2,515,000 after buying an additional 130 shares during the period. Oak Ridge Investments LLC increased its position in shares of Microsoft by 7.6% in the third quarter. Oak Ridge Investments LLC now owns 263,534 shares of the software giant's stock worth $113,399,000 after acquiring an additional 18,544 shares in the last quarter. Mcdaniel Terry & Co. increased its position in shares of Microsoft by 6.1% in the fourth quarter. Mcdaniel Terry & Co. now owns 315,594 shares of the software giant's stock worth $133,023,000 after acquiring an additional 18,052 shares in the last quarter. Focus Financial Network Inc. raised its holdings in shares of Microsoft by 2.0% during the third quarter. Focus Financial Network Inc. now owns 76,296 shares of the software giant's stock valued at $32,830,000 after acquiring an additional 1,489 shares during the period. Finally, Campbell Wealth Management purchased a new stake in shares of Microsoft in the 3rd quarter valued at approximately $3,314,000. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have issued reports on the stock. The Goldman Sachs Group cut their target price on shares of Microsoft from $500.00 to $450.00 and set a "buy" rating on the stock in a research note on Thursday. Piper Sandler dropped their price target on Microsoft from $520.00 to $435.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 23rd. DA Davidson upgraded Microsoft from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $425.00 to $450.00 in a research report on Thursday, March 13th. Jefferies Financial Group reaffirmed a "buy" rating and set a $475.00 target price (down previously from $500.00) on shares of Microsoft in a research note on Monday, April 7th. Finally, Wells Fargo & Company reduced their price target on shares of Microsoft from $515.00 to $500.00 and set an "overweight" rating for the company in a research report on Monday, April 14th. Five research analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company. According to MarketBeat, Microsoft presently has a consensus rating of "Moderate Buy" and a consensus price target of $493.89.

Microsoft Stock Up 1.2 %

Shares of Microsoft stock opened at $391.85 on Monday. Microsoft Co. has a 12-month low of $344.79 and a 12-month high of $468.35. The stock has a market capitalization of $2.91 trillion, a P/E ratio of 31.55, a PEG 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. The stock has a 50 day moving average price of $384.93 and a two-hundred day moving average price of $411.34.

Microsoft (NASDAQ:MSFT - Get Free Report) last posted its quarterly earnings data on Wednesday, January 29th. The software giant reported $3.23 earnings per share (EPS) for the quarter, topping the consensus estimate 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 quarter in the prior year, the company posted $2.93 earnings per share. Equities analysts expect that Microsoft Co. will post 13.08 earnings per share for the current 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. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.85%. Microsoft's payout ratio is presently 26.73%.

About Microsoft

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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