1,594 Shares in Microsoft Co. (NASDAQ:MSFT) Acquired by Manuka Financial LLC

Manuka Financial LLC acquired a new position in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 1,594 shares of the software giant's stock, valued at approximately $672,000. Microsoft accounts for approximately 0.5% of Manuka Financial LLC's portfolio, making the stock its 24th largest position.

Several other large investors have also recently bought and sold shares of the business. Fiduciary Advisors Inc. acquired a new stake in shares of Microsoft in the 4th quarter worth approximately $38,000. Christopher J. Hasenberg Inc raised its holdings in Microsoft by 35.7% during the third quarter. Christopher J. Hasenberg Inc now owns 95 shares of the software giant's stock worth $39,000 after purchasing an additional 25 shares during the last quarter. IFS Advisors LLC boosted its position in Microsoft by 53.8% during the fourth 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 grew its holdings in Microsoft by 144.4% in the fourth quarter. Avondale Wealth Management now owns 110 shares of the software giant's stock valued at $46,000 after purchasing an additional 65 shares during the last quarter. Finally, MidAtlantic Capital Management Inc. purchased a new position in shares of Microsoft in the third quarter valued at $62,000. Hedge funds and other institutional investors own 71.13% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Royal Bank of Canada reissued an "outperform" rating and issued a $500.00 price objective on shares of Microsoft in a research note on Thursday, January 30th. UBS Group reduced their price target on shares of Microsoft from $525.00 to $510.00 and set a "buy" rating on the stock in a report on Thursday, January 30th. StockNews.com cut shares of Microsoft from a "buy" rating to a "hold" rating in a research note on Friday, February 28th. Tigress Financial upped their target price on Microsoft from $550.00 to $595.00 and gave the company a "buy" rating in a research note on Thursday, March 20th. Finally, Wedbush reiterated an "outperform" rating and set a $550.00 target price on shares of Microsoft in a report on Thursday, March 20th. Three analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $510.59.

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Microsoft Stock Down 3.0 %

NASDAQ MSFT traded down $11.78 on Friday, reaching $378.80. The company had a trading volume of 21,606,792 shares, compared to its average volume of 20,523,498. The firm has a market capitalization of $2.82 trillion, a PE ratio of 30.50, a P/E/G ratio of 2.21 and a beta of 0.92. The firm has a 50-day moving average of $405.52 and a 200-day moving average of $419.06. Microsoft Co. has a 1 year low of $376.91 and a 1 year 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.

Microsoft (NASDAQ:MSFT - Get Free Report) last issued its earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 period last year, the firm posted $2.93 EPS. On average, equities research analysts anticipate that Microsoft Co. will post 13.08 EPS for the current fiscal year.

Microsoft Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 15th will be issued a $0.83 dividend. The ex-dividend date is Thursday, May 15th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.88%. Microsoft's dividend payout ratio (DPR) is 26.73%.

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.