Legacy Solutions LLC Invests $794,000 in Microsoft Co. (NASDAQ:MSFT)

Legacy Solutions LLC purchased a new stake in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,883 shares of the software giant's stock, valued at approximately $794,000. Microsoft accounts for 0.9% of Legacy Solutions LLC's portfolio, making the stock its 21st biggest holding.

Other large investors also recently made changes to their positions in the company. Hudson Value Partners LLC raised its stake in shares of Microsoft by 12.9% in the fourth quarter. Hudson Value Partners LLC now owns 34,054 shares of the software giant's stock valued at $14,354,000 after purchasing an additional 3,893 shares in the last quarter. Laidlaw Wealth Management LLC lifted its stake in Microsoft by 0.6% in the fourth quarter. Laidlaw Wealth Management LLC now owns 17,222 shares of the software giant's stock valued at $7,259,000 after buying an additional 96 shares during the period. Accuvest Global Advisors raised its holdings in Microsoft by 0.4% during the 4th quarter. Accuvest Global Advisors now owns 10,097 shares of the software giant's stock worth $4,290,000 after buying an additional 40 shares during the period. Lyell Wealth Management LP raised its position in Microsoft by 0.6% in the 4th quarter. Lyell Wealth Management LP now owns 79,191 shares of the software giant's stock valued at $33,379,000 after buying an additional 471 shares during the last quarter. Finally, Cannon Financial Strategists Inc. increased its position in shares of Microsoft by 4.9% during the 4th quarter. Cannon Financial Strategists Inc. now owns 2,228 shares of the software giant's stock worth $939,000 after purchasing an additional 104 shares during the last quarter. Institutional investors and hedge funds own 71.13% of the company's stock.

Microsoft Price Performance

Shares of MSFT traded up $3.13 during mid-day trading on Friday, hitting $390.43. 10,038,393 shares of the company traded hands, compared to its average volume of 21,247,445. The business has a 50-day moving average of $385.28 and a 200 day moving average of $411.53. The stock has a market capitalization of $2.90 trillion, a price-to-earnings ratio of 31.47, a PEG ratio of 2.21 and a beta of 1.00. Microsoft Co. has a one year low of $344.79 and a one year high of $468.35. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.13.

Microsoft (NASDAQ:MSFT - Get Free Report) last released its earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share (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 firm posted $2.93 earnings per share. As a group, equities analysts expect that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The business 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 dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date is Thursday, May 15th. Microsoft's dividend payout ratio is 26.73%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on MSFT shares. Barclays reduced their target price on shares of Microsoft from $475.00 to $430.00 and set an "overweight" rating for the company in a research report on Monday. Westpark Capital began coverage on Microsoft in a research report on Tuesday, April 1st. They issued a "hold" rating on the stock. UBS Group dropped their price target on Microsoft from $510.00 to $480.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Tigress Financial lifted their price target 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. Finally, KeyCorp reissued a "sector weight" rating on shares of Microsoft in a research report on Thursday, April 17th. Five equities 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.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $493.13.

Microsoft 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.