Life Planning Partners Inc Purchases 227,029 Shares of Microsoft Co. (NASDAQ:MSFT)

Life Planning Partners Inc raised its stake in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) by 44,169.1% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 227,543 shares of the software giant's stock after acquiring an additional 227,029 shares during the period. Microsoft makes up approximately 0.7% of Life Planning Partners Inc's holdings, making the stock its 22nd biggest position. Life Planning Partners Inc's holdings in Microsoft were worth $95,909,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. WFA Asset Management Corp boosted its stake in shares of Microsoft by 27.0% during the 1st quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant's stock worth $427,000 after acquiring an additional 216 shares during the last quarter. Ironwood Wealth Management LLC. lifted its position in Microsoft by 0.3% during the second quarter. Ironwood Wealth Management LLC. now owns 12,658 shares of the software giant's stock valued at $5,658,000 after purchasing an additional 38 shares in the last quarter. AMF Tjanstepension AB grew its holdings in Microsoft by 1.8% during the third 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 increased its position in Microsoft by 410.4% in the third quarter. Discipline Wealth Solutions LLC now owns 2,659 shares of the software giant's stock worth $1,144,000 after buying an additional 2,138 shares in the last quarter. Finally, Swedbank AB raised its stake in shares of Microsoft by 0.4% in the third quarter. Swedbank AB now owns 13,689,356 shares of the software giant's stock worth $5,890,530,000 after buying an additional 49,288 shares during the period. Hedge funds and other institutional investors own 71.13% of the company's stock.

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Analysts Set New Price Targets

A number of research analysts recently issued reports on MSFT shares. Piper Sandler reiterated an "overweight" rating and set a $520.00 price objective on shares of Microsoft in a research note on Monday, January 27th. Cantor Fitzgerald reiterated an "overweight" rating and issued a $509.00 price target on shares of Microsoft in a research report on Wednesday, January 29th. DA Davidson raised shares of Microsoft from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $425.00 to $450.00 in a research note on Thursday, March 13th. StockNews.com cut shares of Microsoft from a "buy" rating to a "hold" rating in a research note on Friday, February 28th. Finally, Tigress Financial increased their price target on Microsoft from $550.00 to $595.00 and gave the stock a "buy" rating in a research note on Thursday, March 20th. Four investment analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $499.97.

Microsoft Trading Down 3.7 %

Shares of MSFT traded down $14.12 during midday trading on Wednesday, hitting $371.61. The stock had a trading volume of 21,938,586 shares, compared to its average volume of 21,233,013. The stock's 50 day moving average is $390.78 and its 200 day moving average is $413.81. The firm has a market cap of $2.76 trillion, a PE ratio of 29.92, 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 current ratio of 1.35 and a quick ratio of 1.34. 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 released its earnings results on Wednesday, January 29th. The software giant reported $3.23 EPS 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 previous year, the business earned $2.93 EPS. As a group, analysts forecast that Microsoft Co. will post 13.08 EPS for the current fiscal year.

Microsoft Dividend Announcement

The business 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 dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date is Thursday, May 15th. Microsoft's dividend payout ratio is currently 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.