Keystone Financial Group Inc. acquired a new stake in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 895 shares of the software giant's stock, valued at approximately $377,000.
Several other hedge funds also recently bought and sold shares of the business. William Allan Corp grew its stake in Microsoft by 1.2% in the 4th quarter. William Allan Corp now owns 13,177 shares of the software giant's stock worth $5,554,000 after acquiring an additional 150 shares in the last quarter. Ameliora Wealth Management Ltd. boosted its holdings in shares of Microsoft by 8.5% in the fourth quarter. Ameliora Wealth Management Ltd. now owns 13,885 shares of the software giant's stock valued at $5,853,000 after purchasing an additional 1,087 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in Microsoft by 1.9% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 1,169,130 shares of the software giant's stock worth $492,788,000 after purchasing an additional 21,272 shares during the period. Telligent Fund LP purchased a new position in Microsoft during the 4th quarter worth $7,166,000. Finally, RNC Capital Management LLC lifted its holdings in shares of Microsoft by 4.3% in the 4th quarter. RNC Capital Management LLC now owns 72,511 shares of the software giant's stock worth $30,563,000 after buying an additional 3,017 shares during the period. Institutional investors own 71.13% of the company's stock.
Microsoft Price Performance
Shares of MSFT opened at $359.84 on Friday. 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's fifty day moving average price is $399.08 and its 200-day moving average price is $417.40. Microsoft Co. has a 1-year low of $359.48 and a 1-year high of $468.35. The firm has a market capitalization of $2.68 trillion, a PE ratio of 28.97, a price-to-earnings-growth ratio of 2.21 and a beta of 1.00.
Microsoft (NASDAQ:MSFT - Get Free Report) last issued its quarterly earnings results on Wednesday, January 29th. The software giant reported $3.23 EPS for the quarter, topping analysts' consensus estimates 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 previous year, the company posted $2.93 earnings per share. On average, equities research analysts predict that Microsoft Co. will post 13.08 EPS for the current year.
Microsoft Dividend Announcement
The company also recently announced 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. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.32 dividend on an annualized basis and a yield of 0.92%. Microsoft's dividend payout ratio is currently 26.73%.
Wall Street Analysts Forecast Growth
Several brokerages have recently commented on MSFT. Scotiabank began coverage on Microsoft in a research note on Thursday, March 20th. They set a "sector outperform" rating and a $470.00 price target on the stock. Wedbush restated an "outperform" rating and issued a $550.00 price target on shares of Microsoft in a report on Thursday, March 20th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $500.00 price target on shares of Microsoft in a research report on Thursday, January 30th. Jefferies Financial Group cut their price objective on shares of Microsoft from $550.00 to $500.00 and set a "buy" rating on the stock in a report on Monday, March 31st. Finally, Stifel Nicolaus lowered their target price on Microsoft from $515.00 to $475.00 and set a "buy" rating for the company in a report on Friday, March 7th. 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 presently has a consensus rating of "Moderate Buy" and a consensus price target of $508.86.
View Our Latest Analysis on MSFT
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.
See Also
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