Custom Index Systems LLC raised its holdings in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) by 15.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 8,373 shares of the software giant's stock after acquiring an additional 1,111 shares during the quarter. Microsoft makes up 1.9% of Custom Index Systems LLC's investment portfolio, making the stock its 5th biggest holding. Custom Index Systems LLC's holdings in Microsoft were worth $3,529,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. BCK Partners Inc. boosted 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 purchasing an additional 24 shares during the last quarter. Christopher J. Hasenberg Inc boosted its position in shares of Microsoft by 35.7% during the 3rd quarter. Christopher J. Hasenberg Inc now owns 95 shares of the software giant's stock valued at $39,000 after purchasing an additional 25 shares in the last quarter. Sequent Asset Management LLC grew its stake in Microsoft by 1.3% during the third quarter. Sequent Asset Management LLC now owns 1,983 shares of the software giant's stock worth $853,000 after purchasing an additional 25 shares during the period. Cypress Point Wealth Management LLC increased its holdings in Microsoft by 0.8% in the third 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 in the last quarter. Finally, Riverstone Advisors LLC boosted 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 worth $1,941,000 after buying an additional 25 shares in the last quarter. Hedge funds and other institutional investors own 71.13% of the company's stock.
Wall Street Analysts Forecast Growth
Several research analysts recently issued reports on the stock. Piper Sandler reissued an "overweight" rating and set a $520.00 target price on shares of Microsoft in a research note on Monday, January 27th. DA Davidson upgraded shares of Microsoft from a "neutral" rating to a "buy" rating and boosted their price target for the company from $425.00 to $450.00 in a research note on Thursday, March 13th. StockNews.com downgraded shares of Microsoft from a "buy" rating to a "hold" rating in a research report on Friday, February 28th. Morgan Stanley cut their target price on Microsoft from $540.00 to $530.00 and set an "overweight" rating on the stock in a research report on Thursday, January 30th. Finally, Guggenheim reissued a "neutral" rating on shares of Microsoft in a research report on Friday, January 24th. Three analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $510.59.
Check Out Our Latest Research Report on MSFT
Microsoft Trading Down 2.5 %
MSFT stock traded down $9.83 on Friday, reaching $380.75. The company's stock had a trading volume of 5,999,331 shares, compared to its average volume of 20,468,536. The firm has a market cap of $2.83 trillion, a PE ratio of 30.65, a PEG ratio of 2.21 and a beta of 0.92. The business has a fifty day simple moving average of $406.52 and a two-hundred day simple moving average of $419.25. Microsoft Co. has a 12-month low of $376.91 and a 12-month 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.
Microsoft (NASDAQ:MSFT - Get Free Report) last announced its earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share 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 quarter last year, the business posted $2.93 EPS. As a group, research analysts forecast that Microsoft Co. will post 13.08 EPS for the current year.
Microsoft Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Thursday, May 15th will be issued a dividend of $0.83 per share. The ex-dividend date is Thursday, May 15th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.87%. Microsoft's dividend payout ratio (DPR) is 26.73%.
Microsoft Profile
(
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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