Clarity Financial LLC Purchases 2,545 Shares of Microsoft Co. (NASDAQ:MSFT)

Clarity Financial LLC boosted its stake in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) by 4.4% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 61,009 shares of the software giant's stock after buying an additional 2,545 shares during the quarter. Microsoft makes up approximately 3.1% of Clarity Financial LLC's portfolio, making the stock its 11th largest holding. Clarity Financial LLC's holdings in Microsoft were worth $25,715,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Christopher J. Hasenberg Inc raised its stake in Microsoft by 35.7% in the 3rd quarter. Christopher J. Hasenberg Inc now owns 95 shares of the software giant's stock valued at $39,000 after acquiring an additional 25 shares during the period. IFS Advisors LLC lifted its holdings in Microsoft by 53.8% during the 4th quarter. IFS Advisors LLC now owns 100 shares of the software giant's stock worth $42,000 after purchasing an additional 35 shares in the last quarter. Avondale Wealth Management lifted its holdings in shares of Microsoft by 144.4% in the fourth quarter. Avondale Wealth Management now owns 110 shares of the software giant's stock worth $46,000 after buying an additional 65 shares in the last quarter. MidAtlantic Capital Management Inc. bought a new position in Microsoft in the 3rd quarter valued at $62,000. Finally, Kieckhefer Group LLC purchased a new position in shares of Microsoft during the 4th quarter valued at $141,000. Hedge funds and other institutional investors own 71.13% of the company's stock.

Microsoft Trading Up 0.2 %

MSFT stock traded up $0.61 during trading on Thursday, reaching $390.58. The company had a trading volume of 13,741,615 shares, compared to its average volume of 22,928,355. Microsoft Co. has a 52 week low of $376.91 and a 52 week high of $468.35. The business has a 50 day moving average of $407.20 and a 200 day moving average of $419.45. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.34. The company has a market cap of $2.90 trillion, a P/E ratio of 31.45, a PEG ratio of 2.21 and a beta of 0.92.

Remove Ads

Microsoft (NASDAQ:MSFT - Get Free Report) last released its earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share for the quarter, topping analysts' consensus estimates 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 in the prior year, the firm posted $2.93 EPS. As a group, sell-side analysts forecast that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Thursday, May 15th will be paid a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date of this dividend is Thursday, May 15th. Microsoft's payout ratio is 26.73%.

Analysts Set New Price Targets

A number of brokerages have weighed in on MSFT. Guggenheim restated a "neutral" rating on shares of Microsoft in a research note on Friday, January 24th. Stifel Nicolaus lowered their target price on shares of Microsoft from $515.00 to $475.00 and set a "buy" rating on the stock in a research note on Friday, March 7th. Wedbush reissued an "outperform" rating and issued a $550.00 price target on shares of Microsoft in a report on Thursday, March 20th. Piper Sandler reissued an "overweight" rating and issued a $520.00 target price on shares of Microsoft in a research note on Monday, January 27th. Finally, Cantor Fitzgerald reiterated an "overweight" rating and issued a $509.00 price objective on shares of Microsoft in a report on Wednesday, January 29th. Three investment analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $510.59.

Microsoft Company 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.