Legacy CG LLC Acquires 1,763 Shares of Microsoft Co. (NASDAQ:MSFT)

Legacy CG LLC boosted its holdings in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) by 11.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 17,170 shares of the software giant's stock after acquiring an additional 1,763 shares during the quarter. Microsoft accounts for about 2.2% of Legacy CG LLC's investment portfolio, making the stock its 15th largest holding. Legacy CG LLC's holdings in Microsoft were worth $7,237,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Fiduciary Advisors Inc. acquired a new stake in Microsoft during the fourth quarter valued at $38,000. IFS Advisors LLC raised its stake in shares of Microsoft by 53.8% during the 4th quarter. IFS Advisors LLC now owns 100 shares of the software giant's stock worth $42,000 after purchasing an additional 35 shares in the last quarter. Avondale Wealth Management lifted its holdings in shares of Microsoft by 144.4% during the 4th quarter. Avondale Wealth Management now owns 110 shares of the software giant's stock valued at $46,000 after buying an additional 65 shares during the last quarter. MidAtlantic Capital Management Inc. bought a new stake in shares of Microsoft in the 3rd quarter valued at approximately $62,000. Finally, Kieckhefer Group LLC acquired a new position in Microsoft in the fourth quarter worth approximately $141,000. Hedge funds and other institutional investors own 71.13% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on MSFT shares. Stifel Nicolaus dropped their price target on shares of Microsoft from $515.00 to $475.00 and set a "buy" rating on the stock in a research note on Friday, March 7th. Cantor Fitzgerald restated an "overweight" rating and set a $509.00 target price on shares of Microsoft in a report on Wednesday, January 29th. Wedbush reaffirmed an "outperform" rating and issued a $550.00 price target on shares of Microsoft in a research report on Thursday, March 20th. Loop Capital raised their price objective on Microsoft from $500.00 to $550.00 and gave the company a "buy" rating in a research note on Monday, December 23rd. Finally, Mizuho decreased their target price on Microsoft from $510.00 to $500.00 and set an "outperform" rating for the company in a research report on Thursday, January 30th. Four research analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $508.86.

Remove Ads

Microsoft Price Performance

Shares of Microsoft stock traded down $9.03 during trading on Thursday, hitting $373.11. 30,133,706 shares of the company's stock traded hands, compared to its average volume of 20,642,729. Microsoft Co. has a twelve month low of $367.24 and a twelve month high of $468.35. 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 market cap of $2.77 trillion, a PE ratio of 30.04, a PEG ratio of 2.21 and a beta of 0.92. The firm's fifty day moving average price is $402.24 and its 200 day moving average price is $418.11.

Microsoft (NASDAQ:MSFT - Get Free Report) last released its quarterly earnings data on Wednesday, January 29th. The software giant reported $3.23 earnings per share for the quarter, beating 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 prior year, the business earned $2.93 EPS. Analysts forecast that Microsoft Co. will post 13.08 earnings per share for the current year.

Microsoft Announces Dividend

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 paid a $0.83 dividend. The ex-dividend date is Thursday, May 15th. This represents a $3.32 annualized dividend and a dividend yield of 0.89%. Microsoft's dividend payout ratio is presently 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.