Centricity Wealth Management LLC purchased a new stake in Microsoft Co. (NASDAQ:MSFT - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,958 shares of the software giant's stock, valued at approximately $1,668,000. Microsoft makes up 1.6% of Centricity Wealth Management LLC's holdings, making the stock its 17th biggest holding.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. WFA Asset Management Corp raised its holdings in Microsoft by 27.0% during the first quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant's stock worth $427,000 after purchasing an additional 216 shares during the last quarter. Ironwood Wealth Management LLC. boosted its position in shares of Microsoft by 0.3% in the 2nd quarter. Ironwood Wealth Management LLC. now owns 12,658 shares of the software giant's stock worth $5,658,000 after buying an additional 38 shares in the last quarter. AMF Tjanstepension AB grew its stake in Microsoft by 1.8% in the 3rd quarter. AMF Tjanstepension AB now owns 2,799,261 shares of the software giant's stock valued at $1,204,664,000 after acquiring an additional 49,735 shares during the last quarter. Discipline Wealth Solutions LLC raised its position in Microsoft by 410.4% during the third quarter. Discipline Wealth Solutions LLC now owns 2,659 shares of the software giant's stock worth $1,144,000 after acquiring an additional 2,138 shares during the last quarter. Finally, Swedbank AB lifted its holdings in shares of Microsoft by 0.4% in the third quarter. Swedbank AB now owns 13,689,356 shares of the software giant's stock valued at $5,890,530,000 after purchasing an additional 49,288 shares in the last quarter. Institutional investors and hedge funds own 71.13% of the company's stock.
Wall Street Analyst Weigh In
MSFT has been the topic of a number of recent research reports. The Goldman Sachs Group reduced their target price on Microsoft from $500.00 to $450.00 and set a "buy" rating on the stock in a research note on Thursday. Bank of America lowered their price target on shares of Microsoft from $510.00 to $480.00 and set a "buy" rating for the company in a report on Tuesday, April 15th. StockNews.com lowered shares of Microsoft from a "buy" rating to a "hold" rating in a research report on Friday, February 28th. Guggenheim reiterated a "neutral" rating on shares of Microsoft in a report on Wednesday. Finally, Tigress Financial lifted their price objective on Microsoft from $550.00 to $595.00 and gave the company a "buy" rating in a research report on Thursday, March 20th. Five research analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $493.13.
Check Out Our Latest Research Report on Microsoft
Microsoft Trading Up 1.2 %
NASDAQ MSFT traded up $4.55 on Friday, hitting $391.85. 18,959,931 shares of the stock were exchanged, compared to its average volume of 21,169,050. The company's 50-day moving average price is $384.93 and its two-hundred day moving average price is $411.41. 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 52-week low of $344.79 and a 52-week high of $468.35. The company has a market capitalization of $2.91 trillion, a price-to-earnings ratio of 31.55, a P/E/G ratio of 2.21 and a beta of 1.00.
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, beating 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 business earned $2.93 EPS. Research analysts predict that Microsoft Co. will post 13.08 EPS for the current year.
Microsoft Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 15th will be issued a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a dividend yield of 0.85%. The ex-dividend date is Thursday, May 15th. Microsoft's dividend payout ratio is currently 26.73%.
Microsoft Profile
(
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.
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