Northeast Investment Management Has $110.05 Million Stake in Microsoft Co. (NASDAQ:MSFT)

Northeast Investment Management lifted its stake in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) by 0.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 261,089 shares of the software giant's stock after purchasing an additional 760 shares during the period. Microsoft accounts for 4.9% of Northeast Investment Management's holdings, making the stock its 4th biggest position. Northeast Investment Management's holdings in Microsoft were worth $110,049,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in MSFT. Fiduciary Advisors Inc. bought a new stake in Microsoft in the fourth quarter valued at approximately $38,000. IFS Advisors LLC increased its holdings in shares of Microsoft by 53.8% during the 4th quarter. IFS Advisors LLC now owns 100 shares of the software giant's stock worth $42,000 after acquiring an additional 35 shares during the last quarter. Avondale Wealth Management raised its stake in Microsoft by 144.4% in the 4th quarter. Avondale Wealth Management now owns 110 shares of the software giant's stock valued at $46,000 after acquiring an additional 65 shares during the period. MidAtlantic Capital Management Inc. bought a new stake in Microsoft in the 3rd quarter valued at $62,000. Finally, Kieckhefer Group LLC acquired a new stake in Microsoft during the 4th quarter valued at $141,000. 71.13% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Cantor Fitzgerald reiterated an "overweight" rating and issued a $509.00 price objective on shares of Microsoft in a report on Wednesday, January 29th. Tigress Financial upped their price target on shares of Microsoft from $550.00 to $595.00 and gave the company a "buy" rating in a research note on Thursday, March 20th. Morgan Stanley cut their price objective on shares of Microsoft from $540.00 to $530.00 and set an "overweight" rating for the company in a research report on Thursday, January 30th. UBS Group decreased their target price on Microsoft from $525.00 to $510.00 and set a "buy" rating on the stock in a research report on Thursday, January 30th. Finally, Royal Bank of Canada reissued an "outperform" rating and set a $500.00 price target on shares of Microsoft in a report on Thursday, January 30th. Four research analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, Microsoft presently has a consensus rating of "Moderate Buy" and an average target price of $505.41.

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Microsoft Price Performance

Shares of MSFT stock traded up $7.10 on Friday, hitting $388.45. 23,826,330 shares of the company's stock were exchanged, compared to its average volume of 21,242,894. Microsoft Co. has a 12 month low of $344.79 and a 12 month high of $468.35. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.34. The company has a 50 day moving average of $391.89 and a 200 day moving average of $414.53. The stock has a market cap of $2.89 trillion, a P/E ratio of 31.28, a price-to-earnings-growth ratio of 2.21 and a beta of 1.00.

Microsoft (NASDAQ:MSFT - Get Free Report) last posted its earnings results on Wednesday, January 29th. The software giant reported $3.23 EPS for the quarter, topping 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 period in the previous year, the company earned $2.93 earnings per share. On average, equities research analysts predict that Microsoft Co. will post 13.08 EPS for the current year.

Microsoft Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders 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 annualized dividend and a dividend yield of 0.85%. Microsoft's dividend payout ratio (DPR) is presently 26.73%.

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.