Microsoft Co. (NASDAQ:MSFT) Shares Purchased by Concord Wealth Partners

Concord Wealth Partners lifted its stake in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) by 5.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 43,835 shares of the software giant's stock after purchasing an additional 2,093 shares during the quarter. Microsoft comprises about 3.0% of Concord Wealth Partners' investment portfolio, making the stock its 7th largest holding. Concord Wealth Partners' holdings in Microsoft were worth $18,476,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of MSFT. BCK Partners Inc. grew its stake in shares of Microsoft by 1.8% in the 3rd quarter. BCK Partners Inc. now owns 1,353 shares of the software giant's stock valued at $582,000 after buying an additional 24 shares in the last quarter. Christopher J. Hasenberg Inc grew its position in Microsoft by 35.7% in the third quarter. Christopher J. Hasenberg Inc now owns 95 shares of the software giant's stock worth $39,000 after acquiring an additional 25 shares in the last quarter. Sequent Asset Management LLC grew its position in Microsoft by 1.3% in the third quarter. Sequent Asset Management LLC now owns 1,983 shares of the software giant's stock worth $853,000 after acquiring an additional 25 shares in the last quarter. Cypress Point Wealth Management LLC increased its stake in shares of Microsoft by 0.8% during the 3rd quarter. Cypress Point Wealth Management LLC now owns 3,208 shares of the software giant's stock worth $1,380,000 after purchasing an additional 25 shares during the last quarter. Finally, Riverstone Advisors LLC raised its holdings in shares of Microsoft by 0.6% during the 3rd quarter. Riverstone Advisors LLC now owns 4,510 shares of the software giant's stock valued at $1,941,000 after purchasing an additional 25 shares in the last quarter. Institutional investors and hedge funds own 71.13% of the company's stock.

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Microsoft Price Performance

NASDAQ MSFT traded down $11.78 during trading on Friday, reaching $378.80. 21,606,792 shares of the company traded hands, compared to its average volume of 20,523,498. 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 quick ratio of 1.34 and a current ratio of 1.35. The stock's 50 day moving average price is $405.52 and its two-hundred day moving average price is $419.06. The company has a market cap of $2.82 trillion, a price-to-earnings ratio of 30.50, a P/E/G ratio of 2.21 and a beta of 0.92.

Microsoft (NASDAQ:MSFT - Get Free Report) last announced its quarterly earnings results on Wednesday, January 29th. The software giant reported $3.23 EPS for the quarter, beating the consensus estimate 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 period last year, the business posted $2.93 EPS. As a group, analysts anticipate that Microsoft Co. will post 13.08 EPS for the current year.

Microsoft Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Thursday, May 15th will be paid a dividend of $0.83 per share. The ex-dividend date is Thursday, May 15th. This represents a $3.32 annualized dividend and a yield of 0.88%. Microsoft's dividend payout ratio is 26.73%.

Wall Street Analysts Forecast Growth

MSFT has been the topic of several analyst reports. Wedbush reissued an "outperform" rating and set a $550.00 target price on shares of Microsoft in a research report on Thursday, March 20th. UBS Group reduced their target price on Microsoft from $525.00 to $510.00 and set a "buy" rating for the company in a report on Thursday, January 30th. StockNews.com downgraded Microsoft from a "buy" rating to a "hold" rating in a report on Friday, February 28th. Scotiabank started coverage on shares of Microsoft in a research report on Thursday, March 20th. They set a "sector outperform" rating and a $470.00 target price for the company. Finally, Piper Sandler restated an "overweight" rating and set a $520.00 price target on shares of Microsoft in a report on Monday, January 27th. Three 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 currently has a consensus rating of "Moderate Buy" and an average price target of $510.59.

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.