Littlejohn Financial Services Inc. purchased a new position in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 7,237 shares of the software giant's stock, valued at approximately $3,050,000. Microsoft makes up 2.7% of Littlejohn Financial Services Inc.'s portfolio, making the stock its 9th biggest holding.
A number of other institutional investors and hedge funds have also recently bought and sold shares of MSFT. WFA Asset Management Corp raised its position in Microsoft by 27.0% in the 1st quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant's stock valued at $427,000 after purchasing an additional 216 shares during the last quarter. Ironwood Wealth Management LLC. raised its holdings 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 valued at $5,658,000 after buying an additional 38 shares during the last quarter. AMF Tjanstepension AB grew its holdings in shares of Microsoft by 1.8% during the third quarter. AMF Tjanstepension AB now owns 2,799,261 shares of the software giant's stock worth $1,204,664,000 after buying an additional 49,735 shares during the last quarter. Discipline Wealth Solutions LLC increased its position in Microsoft by 410.4% in the 3rd quarter. Discipline Wealth Solutions LLC now owns 2,659 shares of the software giant's stock valued at $1,144,000 after acquiring an additional 2,138 shares during the period. Finally, Swedbank AB lifted its position in Microsoft by 0.4% during the 3rd quarter. Swedbank AB now owns 13,689,356 shares of the software giant's stock worth $5,890,530,000 after acquiring an additional 49,288 shares during the period. 71.13% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several equities research analysts recently weighed in on the company. Mizuho decreased their price target on Microsoft from $510.00 to $500.00 and set an "outperform" rating for the company in a report on Thursday, January 30th. Jefferies Financial Group reiterated a "buy" rating and issued a $475.00 price objective (down previously from $500.00) on shares of Microsoft in a research note on Monday, April 7th. Scotiabank initiated coverage on Microsoft in a report on Thursday, March 20th. They issued a "sector outperform" rating and a $470.00 target price on the stock. DA Davidson upgraded shares of Microsoft from a "neutral" rating to a "buy" rating and increased their price target for the company from $425.00 to $450.00 in a research report on Thursday, March 13th. Finally, Tigress Financial lifted their price objective on Microsoft from $550.00 to $595.00 and gave the stock a "buy" rating in a research report on Thursday, March 20th. Five analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $499.97.
Read Our Latest Report on Microsoft
Microsoft Trading Down 1.0 %
MSFT traded down $3.83 on Friday, reaching $367.78. 20,940,221 shares of the company's stock were exchanged, compared to its average volume of 21,246,383. 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 twelve month low of $344.79 and a twelve month high of $468.35. The company's 50 day moving average is $388.25 and its 200-day moving average is $412.73. The company has a market cap of $2.73 trillion, a price-to-earnings ratio of 29.61, a PEG ratio of 2.21 and a beta of 1.00.
Microsoft (NASDAQ:MSFT - Get Free Report) last posted its earnings results 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 business posted $2.93 EPS. Equities analysts predict 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 0.90%. Microsoft's dividend payout ratio (DPR) 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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