Attessa Capital LLC Takes $560,000 Position in Microsoft Co. (NASDAQ:MSFT)

Attessa Capital LLC acquired a new stake 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 acquired 1,329 shares of the software giant's stock, valued at approximately $560,000. Microsoft comprises approximately 0.4% of Attessa Capital LLC's holdings, making the stock its 24th biggest position.

Several other hedge funds also recently made changes to their positions in the company. Manchester Financial Inc. boosted its holdings in shares of Microsoft by 26.2% during the fourth quarter. Manchester Financial Inc. now owns 15,694 shares of the software giant's stock valued at $6,615,000 after acquiring an additional 3,263 shares during the period. IMS Capital Management boosted its stake in Microsoft by 0.4% during the 4th quarter. IMS Capital Management now owns 22,328 shares of the software giant's stock valued at $9,411,000 after purchasing an additional 82 shares during the period. Asset Management One Co. Ltd. grew its position in Microsoft by 1.1% in the 4th quarter. Asset Management One Co. Ltd. now owns 3,054,077 shares of the software giant's stock worth $1,314,782,000 after purchasing an additional 33,856 shares during the last quarter. Life Planning Partners Inc increased its stake in shares of Microsoft by 44,169.1% in the fourth quarter. Life Planning Partners Inc now owns 227,543 shares of the software giant's stock valued at $95,909,000 after purchasing an additional 227,029 shares during the period. Finally, SFE Investment Counsel boosted its position in shares of Microsoft by 4.3% during the fourth quarter. SFE Investment Counsel now owns 21,559 shares of the software giant's stock worth $9,087,000 after buying an additional 895 shares during the period. Institutional investors and hedge funds own 71.13% of the company's stock.

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Microsoft Stock Down 3.7 %

Shares of NASDAQ:MSFT traded down $14.12 on Wednesday, reaching $371.61. The company had a trading volume of 21,938,586 shares, compared to its average volume of 21,233,013. 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 market capitalization of $2.76 trillion, a P/E ratio of 29.92, a P/E/G ratio of 2.21 and a beta of 1.00. The stock has a 50-day moving average price of $390.78 and a 200 day moving average price of $413.81. Microsoft Co. has a twelve month low of $344.79 and a twelve month high of $468.35.

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. On average, equities analysts expect that Microsoft Co. will post 13.08 EPS for the current year.

Microsoft Announces Dividend

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 given a $0.83 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.32 annualized dividend and a dividend yield of 0.89%. Microsoft's dividend payout ratio is 26.73%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Stifel Nicolaus cut their target price on Microsoft from $515.00 to $475.00 and set a "buy" rating on the stock in a research note on Friday, March 7th. Scotiabank began coverage on shares of Microsoft in a research report on Thursday, March 20th. They set a "sector outperform" rating and a $470.00 price target on the stock. Jefferies Financial Group reiterated a "buy" rating and set a $475.00 price objective (down previously from $500.00) on shares of Microsoft in a research note on Monday, April 7th. Loop Capital increased their price target on Microsoft from $500.00 to $550.00 and gave the company a "buy" rating in a research note on Monday, December 23rd. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $500.00 target price on shares of Microsoft in a research note on Thursday, January 30th. Four research analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company. Based on data from MarketBeat, Microsoft has a consensus rating of "Moderate Buy" and a consensus price target of $499.97.

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.