Chicago Partners Investment Group LLC Boosts Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

Chicago Partners Investment Group LLC lifted its position in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) by 14.2% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 105,099 shares of the software giant's stock after buying an additional 13,081 shares during the quarter. Microsoft comprises 1.5% of Chicago Partners Investment Group LLC's holdings, making the stock its 13th biggest position. Chicago Partners Investment Group LLC's holdings in Microsoft were worth $44,621,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of MSFT. Fiduciary Advisors Inc. acquired a new stake in Microsoft during the fourth quarter worth about $38,000. Christopher J. Hasenberg Inc raised its position in Microsoft by 35.7% during the third quarter. Christopher J. Hasenberg Inc now owns 95 shares of the software giant's stock valued at $39,000 after purchasing an additional 25 shares in the last quarter. IFS Advisors LLC lifted its stake in Microsoft by 53.8% during the fourth quarter. IFS Advisors LLC now owns 100 shares of the software giant's stock worth $42,000 after purchasing an additional 35 shares during the last quarter. Avondale Wealth Management boosted its holdings in shares of Microsoft by 144.4% in the 4th 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. Finally, MidAtlantic Capital Management Inc. bought a new position in shares of Microsoft in the 3rd quarter valued at $62,000. Institutional investors and hedge funds own 71.13% of the company's stock.

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Microsoft Stock Down 2.5 %

Shares of MSFT traded down $9.83 during midday trading on Friday, reaching $380.75. 5,999,331 shares of the stock were exchanged, compared to its average volume of 20,468,536. The company's 50 day moving average is $406.52 and its two-hundred day moving average is $419.25. Microsoft Co. has a 52 week low of $376.91 and a 52 week high of $468.35. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $2.83 trillion, a P/E ratio of 30.65, a PEG ratio of 2.21 and a beta of 0.92.

Microsoft (NASDAQ:MSFT - Get Free Report) last announced its quarterly earnings data on Wednesday, January 29th. The software giant reported $3.23 EPS for the quarter, beating 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 period last year, the company posted $2.93 earnings per share. On average, sell-side analysts anticipate that Microsoft Co. will post 13.08 earnings per share for the current year.

Microsoft Announces Dividend

The company 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. This represents a $3.32 annualized dividend and a dividend yield of 0.87%. The ex-dividend date is Thursday, May 15th. Microsoft's payout ratio is 26.73%.

Analysts Set New Price Targets

Several analysts recently weighed in on MSFT shares. Stifel Nicolaus reduced their price objective on Microsoft from $515.00 to $475.00 and set a "buy" rating on the stock in a research note on Friday, March 7th. Wedbush restated an "outperform" rating and issued a $550.00 price target on shares of Microsoft in a research note on Thursday, March 20th. Cantor Fitzgerald reiterated an "overweight" rating and issued a $509.00 target price on shares of Microsoft in a research report on Wednesday, January 29th. Royal Bank of Canada reiterated an "outperform" rating and set a $500.00 price target on shares of Microsoft in a report on Thursday, January 30th. Finally, Piper Sandler restated an "overweight" rating and set a $520.00 price objective on shares of Microsoft in a report on Monday, January 27th. Three research analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $510.59.

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.