James J. Burns & Company LLC lifted its stake in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) by 49.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 16,663 shares of the software giant's stock after purchasing an additional 5,490 shares during the quarter. Microsoft accounts for about 1.2% of James J. Burns & Company LLC's holdings, making the stock its 18th largest position. James J. Burns & Company LLC's holdings in Microsoft were worth $7,023,000 as of its most recent filing with the SEC.
A number of other institutional investors have also added to or reduced their stakes in MSFT. Mather Group LLC. lifted its stake in Microsoft by 0.3% in the 4th quarter. Mather Group LLC. now owns 92,314 shares of the software giant's stock worth $38,910,000 after purchasing an additional 258 shares in the last quarter. Stephens Consulting LLC raised its position in shares of Microsoft by 4.4% in the fourth quarter. Stephens Consulting LLC now owns 4,234 shares of the software giant's stock worth $1,785,000 after buying an additional 178 shares in the last quarter. Robbins Farley raised its position in shares of Microsoft by 10.9% in the fourth quarter. Robbins Farley now owns 13,743 shares of the software giant's stock worth $5,793,000 after buying an additional 1,348 shares in the last quarter. Commonwealth Financial Services LLC boosted its stake in Microsoft by 7.3% during the fourth quarter. Commonwealth Financial Services LLC now owns 21,625 shares of the software giant's stock valued at $9,115,000 after buying an additional 1,470 shares during the period. Finally, Sloy Dahl & Holst LLC grew its position in Microsoft by 3.9% during the fourth quarter. Sloy Dahl & Holst LLC now owns 14,318 shares of the software giant's stock worth $6,035,000 after buying an additional 534 shares in the last quarter. Hedge funds and other institutional investors own 71.13% of the company's stock.
Analyst Upgrades and Downgrades
Several research analysts have recently commented on MSFT shares. Stifel Nicolaus cut their price objective on Microsoft from $515.00 to $475.00 and set a "buy" rating for the company in a report on Friday, March 7th. Royal Bank of Canada reissued an "outperform" rating and issued a $500.00 price target on shares of Microsoft in a research note on Thursday, January 30th. Guggenheim restated a "neutral" rating on shares of Microsoft in a research report on Friday, January 24th. UBS Group cut their target price on shares of Microsoft from $525.00 to $510.00 and set a "buy" rating for the company in a research report on Thursday, January 30th. Finally, Piper Sandler reaffirmed an "overweight" rating and set a $520.00 price target on shares of Microsoft in a research note on Monday, January 27th. Four research analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $508.86.
Check Out Our Latest Research Report on MSFT
Microsoft Trading Up 1.8 %
Shares of Microsoft stock traded up $6.80 during midday trading on Tuesday, reaching $382.19. 19,648,293 shares of the company's stock traded hands, compared to its average volume of 20,595,340. The company has a market cap of $2.84 trillion, a PE ratio of 30.77, a price-to-earnings-growth ratio of 2.21 and a beta of 0.92. The stock has a 50 day moving average of $404.45 and a 200-day moving average of $418.77. Microsoft Co. has a 12 month low of $367.24 and a 12 month high of $468.35. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.34 and a current ratio of 1.35.
Microsoft (NASDAQ:MSFT - Get Free Report) last posted its earnings results 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 period in the previous year, the business posted $2.93 earnings per share. As a group, equities analysts expect that Microsoft Co. will post 13.08 EPS for the current fiscal year.
Microsoft Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 15th will be given 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 dividend payout ratio is currently 26.73%.
About Microsoft
(
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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