Silver Oak Securities Incorporated Has $10.16 Million Position in Microsoft Co. (NASDAQ:MSFT)

Silver Oak Securities Incorporated raised its holdings in Microsoft Co. (NASDAQ:MSFT - Free Report) by 20.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 23,906 shares of the software giant's stock after buying an additional 4,116 shares during the quarter. Microsoft accounts for about 0.9% of Silver Oak Securities Incorporated's investment portfolio, making the stock its 20th largest position. Silver Oak Securities Incorporated's holdings in Microsoft were worth $10,156,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the business. Fiduciary Advisors Inc. acquired a new position in Microsoft during the 4th quarter valued at $38,000. IFS Advisors LLC raised its position in shares of Microsoft by 53.8% during the fourth quarter. IFS Advisors LLC now owns 100 shares of the software giant's stock valued at $42,000 after buying an additional 35 shares during the last quarter. Avondale Wealth Management lifted its stake in shares of 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 buying an additional 65 shares during the period. MidAtlantic Capital Management Inc. bought a new position in Microsoft during the third quarter valued at about $62,000. Finally, Kieckhefer Group LLC acquired a new position in Microsoft in the 4th quarter valued at approximately $141,000. 71.13% of the stock is owned by institutional investors.

Microsoft Trading Down 0.6 %

Microsoft stock traded down $1.98 during mid-day trading on Monday, hitting $357.86. The stock had a trading volume of 50,017,125 shares, compared to its average volume of 20,896,489. The stock has a market capitalization of $2.66 trillion, a PE ratio of 28.81, a P/E/G ratio of 2.21 and a beta of 1.00. Microsoft Co. has a 12 month low of $344.93 and a 12 month 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 stock has a 50-day simple moving average of $397.55 and a two-hundred day simple moving average of $416.67.

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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 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. As a group, sell-side analysts forecast that Microsoft Co. will post 13.08 EPS for the current year.

Microsoft Dividend Announcement

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 dividend yield of 0.93%. The ex-dividend date is Thursday, May 15th. Microsoft's payout ratio is 26.73%.

Analysts Set New Price Targets

MSFT has been the topic of several recent research reports. Cantor Fitzgerald reissued an "overweight" rating and set a $509.00 price objective on shares of Microsoft in a report on Wednesday, January 29th. UBS Group decreased their price target on shares of Microsoft from $525.00 to $510.00 and set a "buy" rating on the stock in a research note 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. DA Davidson upgraded shares of Microsoft from a "neutral" rating to a "buy" rating and lifted their target price for the company from $425.00 to $450.00 in a research report on Thursday, March 13th. Finally, Piper Sandler reissued an "overweight" rating and issued a $520.00 price target on shares of Microsoft in a research report on Monday, January 27th. Four investment analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $508.00.

About Microsoft

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.