Golden State Equity Partners Has $16.45 Million Stock Position in Microsoft Co. (NASDAQ:MSFT)

Golden State Equity Partners raised its position in Microsoft Co. (NASDAQ:MSFT - Free Report) by 1,179.5% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 39,037 shares of the software giant's stock after purchasing an additional 35,986 shares during the period. Microsoft accounts for approximately 3.1% of Golden State Equity Partners' portfolio, making the stock its 3rd largest position. Golden State Equity Partners' holdings in Microsoft were worth $16,454,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Fiduciary Advisors Inc. acquired a new stake in Microsoft in the 4th quarter valued at $38,000. IFS Advisors LLC raised its holdings 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 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 in the last quarter. MidAtlantic Capital Management Inc. acquired a new position in shares of Microsoft during the third quarter valued at about $62,000. Finally, Kieckhefer Group LLC bought a new stake in shares of Microsoft during the fourth quarter worth about $141,000. 71.13% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently commented on MSFT shares. DA Davidson raised Microsoft from a "neutral" rating to a "buy" rating and increased their price target for the company from $425.00 to $450.00 in a research report on Thursday, March 13th. Stifel Nicolaus dropped their price target on shares of Microsoft from $515.00 to $475.00 and set a "buy" rating on the stock in a research report on Friday, March 7th. Scotiabank initiated coverage on shares of Microsoft in a research report on Thursday, March 20th. They issued a "sector outperform" rating and a $470.00 price objective for the company. Wedbush reissued an "outperform" rating and set a $550.00 target price on shares of Microsoft in a research report on Thursday, March 20th. Finally, Guggenheim reaffirmed a "neutral" rating on shares of Microsoft in a report on Friday, January 24th. Three investment analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the stock. According to data from MarketBeat, Microsoft currently has an average rating of "Moderate Buy" and a consensus target price of $510.59.

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Microsoft Stock Down 3.0 %

Shares of Microsoft stock traded down $11.78 on Friday, reaching $378.80. The company's stock had a trading volume of 21,606,792 shares, compared to its average volume of 20,523,498. The company has a market capitalization 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. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. Microsoft Co. has a 52 week low of $376.91 and a 52 week high of $468.35. The firm's fifty day simple moving average is $405.52 and its two-hundred day simple moving average is $419.06.

Microsoft (NASDAQ:MSFT - Get Free Report) last issued its earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share for the quarter, topping analysts' consensus estimates 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 earnings per share. Equities analysts anticipate that Microsoft Co. will post 13.08 earnings per share for the current year.

Microsoft Dividend Announcement

The business 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 $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date is Thursday, May 15th. Microsoft's dividend payout ratio (DPR) is presently 26.73%.

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.