Marks Group Wealth Management Inc Increases Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

Marks Group Wealth Management Inc grew its holdings in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) by 2.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 32,059 shares of the software giant's stock after purchasing an additional 678 shares during the period. Microsoft makes up about 1.3% of Marks Group Wealth Management Inc's holdings, making the stock its 9th biggest position. Marks Group Wealth Management Inc's holdings in Microsoft were worth $13,513,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. WFA Asset Management Corp increased its stake 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 in the last quarter. Ironwood Wealth Management LLC. raised its stake in shares of Microsoft by 0.3% during the 2nd quarter. Ironwood Wealth Management LLC. now owns 12,658 shares of the software giant's stock worth $5,658,000 after buying an additional 38 shares during the last quarter. AMF Tjanstepension AB boosted its position in shares of Microsoft by 1.8% in the 3rd 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 in the last quarter. Discipline Wealth Solutions LLC grew its stake 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 last quarter. Finally, Swedbank AB grew its stake in Microsoft by 0.4% in the 3rd quarter. Swedbank AB now owns 13,689,356 shares of the software giant's stock valued at $5,890,530,000 after acquiring an additional 49,288 shares during the last quarter. 71.13% of the stock is owned by hedge funds and other institutional investors.

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Microsoft Stock Down 0.2 %

NASDAQ:MSFT traded down $0.64 during trading hours on Monday, hitting $387.81. 19,232,192 shares of the stock traded hands, compared to its average volume of 21,242,474. Microsoft Co. has a fifty-two week low of $344.79 and a fifty-two week 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. The firm has a market cap of $2.88 trillion, a price-to-earnings ratio of 31.22, a PEG ratio of 2.21 and a beta of 1.00. The firm has a 50 day moving average price of $391.89 and a 200 day moving average price of $414.41.

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 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 period last year, the firm posted $2.93 EPS. Equities research analysts anticipate that Microsoft Co. will post 13.08 earnings per share for the current year.

Microsoft Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Thursday, May 15th will be given a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a yield of 0.86%. The ex-dividend date of this dividend is Thursday, May 15th. Microsoft's payout ratio is 26.73%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Wells Fargo & Company reduced their price target on shares of Microsoft from $515.00 to $500.00 and set an "overweight" rating on the stock in a report on Monday. Westpark Capital initiated coverage on Microsoft in a report on Tuesday, April 1st. They set a "hold" rating on the stock. Piper Sandler reissued an "overweight" rating and set a $520.00 price target on shares of Microsoft in a research report on Monday, January 27th. Guggenheim restated a "neutral" rating on shares of Microsoft in a research report on Friday, January 24th. Finally, Mizuho dropped their price objective 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 issued a buy rating to the stock. According to data from MarketBeat.com, Microsoft currently has an average rating of "Moderate Buy" and an average price target of $503.86.

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.