Centerpoint Advisory Group Makes New $2.39 Million Investment in Microsoft Co. (NASDAQ:MSFT)

Centerpoint Advisory Group bought a new position in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 5,670 shares of the software giant's stock, valued at approximately $2,390,000. Microsoft makes up approximately 2.3% of Centerpoint Advisory Group's investment portfolio, making the stock its 12th biggest position.

Other large investors have also modified their holdings of the company. Adamsbrown Wealth Consultants LLC grew its position in shares of Microsoft by 2.2% in the 4th quarter. Adamsbrown Wealth Consultants LLC now owns 5,967 shares of the software giant's stock worth $2,515,000 after acquiring an additional 130 shares in the last quarter. Oak Ridge Investments LLC boosted its position in shares of Microsoft by 7.6% during the third quarter. Oak Ridge Investments LLC now owns 263,534 shares of the software giant's stock worth $113,399,000 after buying an additional 18,544 shares during the period. Focus Financial Network Inc. increased 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 purchasing an additional 1,489 shares during the period. Campbell Wealth Management bought a new stake in shares of Microsoft during the 3rd quarter worth about $3,314,000. Finally, Romano Brothers AND Company raised its holdings in Microsoft by 2.3% during the third quarter. Romano Brothers AND Company now owns 42,176 shares of the software giant's stock worth $18,148,000 after purchasing an additional 962 shares in the last quarter. Institutional investors and hedge funds own 71.13% of the company's stock.

Microsoft Trading Down 1.0 %

Shares of MSFT traded down $3.83 during midday trading on Friday, hitting $367.78. The stock had a trading volume of 20,940,221 shares, compared to its average volume of 21,282,398. The firm has a market cap of $2.73 trillion, a PE ratio of 29.61, a price-to-earnings-growth ratio of 2.21 and a beta of 1.00. The stock's 50 day moving average is $389.13 and its 200 day moving average is $413.21. Microsoft Co. has a 1 year low of $344.79 and a 1 year high of $468.35. 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 (NASDAQ:MSFT - Get Free Report) last issued its quarterly earnings data on Wednesday, January 29th. The software giant reported $3.23 earnings per share for the quarter, beating analysts' consensus estimates 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 in the prior year, the company earned $2.93 EPS. As a group, analysts forecast that Microsoft Co. will post 13.08 EPS for the current fiscal year.

Microsoft Announces Dividend

The business also recently announced 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 0.90%. Microsoft's payout ratio is 26.73%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on MSFT shares. Tigress Financial raised their price objective on shares of Microsoft from $550.00 to $595.00 and gave the company a "buy" rating in a research report on Thursday, March 20th. Royal Bank of Canada restated an "outperform" rating and set a $500.00 price objective on shares of Microsoft in a research report on Thursday, January 30th. Westpark Capital began coverage on Microsoft in a research report on Tuesday, April 1st. They set a "hold" rating for the company. UBS Group decreased their price target on Microsoft from $510.00 to $480.00 and set a "buy" rating for the company in a research note on Monday. Finally, StockNews.com downgraded Microsoft from a "buy" rating to a "hold" rating in a research report on Friday, February 28th. Five equities research analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company's stock. According to data from MarketBeat, Microsoft has an average rating of "Moderate Buy" and an average price target of $499.97.

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.