Joel Adams & Associates Inc. bought a new position in Microsoft Co. (NASDAQ:MSFT - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 1,708 shares of the software giant's stock, valued at approximately $720,000. Microsoft accounts for 0.7% of Joel Adams & Associates Inc.'s investment portfolio, making the stock its 26th largest holding.
Several other hedge funds also recently made changes to their positions in MSFT. WFA Asset Management Corp boosted its stake in shares of Microsoft by 27.0% in the first quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant's stock valued at $427,000 after buying an additional 216 shares during the period. Ironwood Wealth Management LLC. grew its stake in shares of Microsoft by 0.3% in the second 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 last quarter. AMF Tjanstepension AB increased its position in Microsoft by 1.8% during the 3rd 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 during the period. Discipline Wealth Solutions LLC boosted its position in shares of Microsoft by 410.4% during the 3rd quarter. Discipline Wealth Solutions LLC now owns 2,659 shares of the software giant's stock valued at $1,144,000 after purchasing an additional 2,138 shares in the last quarter. Finally, Swedbank AB increased its stake in Microsoft by 0.4% in the third quarter. Swedbank AB now owns 13,689,356 shares of the software giant's stock valued at $5,890,530,000 after purchasing an additional 49,288 shares in the last quarter. 71.13% of the stock is owned by institutional investors.
Analysts Set New Price Targets
Several equities research analysts have recently commented on the stock. Cantor Fitzgerald restated an "overweight" rating and issued a $509.00 target price on shares of Microsoft in a report on Wednesday, January 29th. Bank of America reduced their target price on shares of Microsoft from $510.00 to $480.00 and set a "buy" rating for the company in a research report on Tuesday, April 15th. Jefferies Financial Group reissued a "buy" rating and issued a $475.00 price target (down previously from $500.00) on shares of Microsoft in a research report on Monday, April 7th. Wells Fargo & Company cut their target price on Microsoft from $515.00 to $500.00 and set an "overweight" rating for the company in a research note on Monday, April 14th. Finally, Tigress Financial lifted their target price on shares of Microsoft from $550.00 to $595.00 and gave the company a "buy" rating in a research report on Thursday, March 20th. Five research analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company. Based on data from MarketBeat, Microsoft currently has a consensus rating of "Moderate Buy" and a consensus price target of $493.13.
Check Out Our Latest Research Report on MSFT
Microsoft Trading Up 0.8 %
Shares of NASDAQ:MSFT traded up $3.13 during midday trading on Friday, reaching $390.43. The company had a trading volume of 10,038,393 shares, compared to its average volume of 21,247,445. The company has a fifty day simple moving average of $385.28 and a two-hundred day simple moving average of $411.53. The firm has a market cap of $2.90 trillion, a price-to-earnings ratio of 31.47, a price-to-earnings-growth ratio of 2.21 and a beta of 1.00. 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 Co. has a 1-year low of $344.79 and a 1-year high of $468.35.
Microsoft (NASDAQ:MSFT - Get Free Report) last issued its quarterly earnings data on Wednesday, January 29th. The software giant reported $3.23 earnings per share 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 quarter last year, the firm earned $2.93 EPS. Research analysts predict that Microsoft Co. will post 13.08 earnings per share for the current 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 issued a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a dividend yield of 0.85%. The ex-dividend date of this dividend is Thursday, May 15th. Microsoft's payout ratio is presently 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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