GEN Financial Management INC. Makes New Investment in Microsoft Co. (NASDAQ:MSFT)

GEN Financial Management INC. purchased a new position in Microsoft Co. (NASDAQ:MSFT - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 2,319 shares of the software giant's stock, valued at approximately $977,000. Microsoft accounts for 0.6% of GEN Financial Management INC.'s portfolio, making the stock its 20th biggest position.

Several other hedge funds have also recently made changes to their positions in MSFT. WFA Asset Management Corp raised its position in Microsoft by 27.0% in the first quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant's stock worth $427,000 after acquiring an additional 216 shares during the period. Ironwood Wealth Management LLC. raised its holdings in 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 purchasing an additional 38 shares during the period. AMF Tjanstepension AB lifted its position in Microsoft by 1.8% during the third quarter. AMF Tjanstepension AB now owns 2,799,261 shares of the software giant's stock valued at $1,204,664,000 after purchasing an additional 49,735 shares in the last quarter. Exchange Traded Concepts LLC grew its holdings in Microsoft by 41.3% during the third quarter. Exchange Traded Concepts LLC now owns 173,303 shares of the software giant's stock valued at $74,572,000 after purchasing an additional 50,630 shares during the period. Finally, MorganRosel Wealth Management LLC increased its position in Microsoft by 3.2% in the third quarter. MorganRosel Wealth Management LLC now owns 5,631 shares of the software giant's stock worth $2,423,000 after buying an additional 175 shares in the last quarter. 71.13% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on MSFT. Jefferies Financial Group lowered their price objective on Microsoft from $550.00 to $500.00 and set a "buy" rating on the stock in a research report on Monday. Piper Sandler reaffirmed an "overweight" rating and set a $520.00 price target on shares of Microsoft in a report on Monday, January 27th. Mizuho reduced their price objective on shares of Microsoft from $510.00 to $500.00 and set an "outperform" rating for the company in a research note on Thursday, January 30th. Loop Capital lifted their target price on shares of Microsoft from $500.00 to $550.00 and gave the company a "buy" rating in a research note on Monday, December 23rd. Finally, Stifel Nicolaus dropped their target price on shares of Microsoft from $515.00 to $475.00 and set a "buy" rating for the company in a report on Friday, March 7th. Four analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $508.86.

Microsoft Trading Up 1.8 %

Shares of NASDAQ:MSFT traded up $6.80 during trading on Tuesday, hitting $382.19. The company had a trading volume of 19,430,156 shares, compared to its average volume of 20,577,346. The stock has a market cap of $2.84 trillion, a price-to-earnings ratio of 30.77, a price-to-earnings-growth ratio of 2.21 and a beta of 0.92. 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 fifty day simple moving average of $404.45 and a two-hundred day simple moving average of $418.77. Microsoft Co. has a one year low of $367.24 and a one year high of $468.35.

Microsoft (NASDAQ:MSFT - Get Free Report) last posted its quarterly earnings data on Wednesday, January 29th. The software giant reported $3.23 EPS for the quarter, topping 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 quarter last year, the business earned $2.93 earnings per share. As a group, equities analysts forecast 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. Investors of record on Thursday, May 15th will be given a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date of this dividend is Thursday, May 15th. Microsoft's dividend payout ratio (DPR) is currently 26.73%.

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.