CX Institutional Buys 11,082 Shares of Microsoft Co. (NASDAQ:MSFT)

CX Institutional increased its position in Microsoft Co. (NASDAQ:MSFT - Free Report) by 16.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 78,402 shares of the software giant's stock after purchasing an additional 11,082 shares during the quarter. Microsoft makes up about 1.3% of CX Institutional's investment portfolio, making the stock its 20th largest holding. CX Institutional's holdings in Microsoft were worth $33,047,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MSFT. Berbice Capital Management LLC purchased a new stake in shares of Microsoft in the fourth quarter worth $10,179,000. Encompass More Asset Management grew its position in Microsoft by 3.3% during the 4th quarter. Encompass More Asset Management now owns 5,860 shares of the software giant's stock valued at $2,470,000 after purchasing an additional 187 shares during the last quarter. Impact Partnership Wealth LLC increased its stake in Microsoft by 32.1% during the 4th quarter. Impact Partnership Wealth LLC now owns 4,937 shares of the software giant's stock valued at $2,081,000 after purchasing an additional 1,200 shares in the last quarter. Southland Equity Partners LLC raised its holdings in Microsoft by 7.3% in the fourth quarter. Southland Equity Partners LLC now owns 9,423 shares of the software giant's stock worth $3,972,000 after buying an additional 639 shares during the last quarter. Finally, St. Johns Investment Management Company LLC grew its holdings in shares of Microsoft by 3.6% during the fourth quarter. St. Johns Investment Management Company LLC now owns 15,919 shares of the software giant's stock valued at $6,710,000 after buying an additional 556 shares during the last quarter. 71.13% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Stifel Nicolaus lowered their price objective on Microsoft from $515.00 to $475.00 and set a "buy" rating on the stock in a research report on Friday, March 7th. DA Davidson raised Microsoft from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $425.00 to $450.00 in a research report on Thursday. Loop Capital raised their price target on shares of Microsoft from $500.00 to $550.00 and gave the company a "buy" rating in a report on Monday, December 23rd. StockNews.com downgraded shares of Microsoft from a "buy" rating to a "hold" rating in a research report on Friday, February 28th. Finally, Piper Sandler reaffirmed an "overweight" rating and issued a $520.00 target price on shares of Microsoft in a research report on Monday, January 27th. Three analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Microsoft currently has a consensus rating of "Moderate Buy" and a consensus price target of $510.43.

Remove Ads

Microsoft Price Performance

NASDAQ:MSFT opened at $378.77 on Friday. The business's 50-day simple moving average is $413.12 and its two-hundred day simple moving average is $420.77. Microsoft Co. has a 52 week low of $376.91 and a 52 week high of $468.35. The stock has a market cap of $2.82 trillion, a PE ratio of 30.50, a P/E/G ratio of 2.21 and a beta of 0.92. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 0.13.

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

Microsoft Dividend Announcement

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 given a dividend of $0.83 per share. The ex-dividend date is Thursday, May 15th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.88%. Microsoft's payout ratio is 26.73%.

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.

Want to see what other hedge funds are holding MSFT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Microsoft Co. (NASDAQ:MSFT - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.