Cassia Capital Partners LLC Purchases 1,006 Shares of Microsoft Co. (NASDAQ:MSFT)

Cassia Capital Partners LLC grew its holdings in Microsoft Co. (NASDAQ:MSFT - Free Report) by 31.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,235 shares of the software giant's stock after buying an additional 1,006 shares during the quarter. Microsoft comprises 1.1% of Cassia Capital Partners LLC's investment portfolio, making the stock its 14th biggest holding. Cassia Capital Partners LLC's holdings in Microsoft were worth $1,785,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Net Worth Advisory Group purchased a new position in Microsoft during the third quarter worth $2,645,000. Adamsbrown Wealth Consultants LLC boosted its holdings in shares of Microsoft by 2.2% in the 4th quarter. Adamsbrown Wealth Consultants LLC now owns 5,967 shares of the software giant's stock valued at $2,515,000 after purchasing an additional 130 shares during the last quarter. Oak Ridge Investments LLC grew its stake in Microsoft by 7.6% during the third quarter. Oak Ridge Investments LLC now owns 263,534 shares of the software giant's stock worth $113,399,000 after buying an additional 18,544 shares during the period. Focus Financial Network Inc. lifted its position in Microsoft by 2.0% during the 3rd quarter. Focus Financial Network Inc. now owns 76,296 shares of the software giant's stock worth $32,830,000 after acquiring an additional 1,489 shares in the last quarter. Finally, Campbell Wealth Management acquired a new position in shares of Microsoft in the third quarter worth about $3,314,000. Hedge funds and other institutional investors own 71.13% of the company's stock.

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Microsoft Price Performance

MSFT traded down $1.47 during midday trading on Friday, reaching $371.64. 8,868,787 shares of the company's stock were exchanged, compared to its average volume of 20,604,183. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. The business has a 50-day simple moving average of $400.77 and a two-hundred day simple moving average of $417.80. The firm has a market capitalization of $2.76 trillion, a price-to-earnings ratio of 29.87, a price-to-earnings-growth ratio of 2.21 and a beta of 0.92. Microsoft Co. has a one year low of $355.27 and a one year high of $468.35.

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, research analysts predict that Microsoft Co. will post 13.08 EPS for the current year.

Microsoft Announces Dividend

The company also recently disclosed 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. This represents a $3.32 annualized dividend and a dividend yield of 0.89%. The ex-dividend date is Thursday, May 15th. Microsoft's payout ratio is 26.73%.

Analysts Set New Price Targets

MSFT has been the subject of several research analyst reports. Guggenheim reissued a "neutral" rating on shares of Microsoft in a report on Friday, January 24th. Wedbush reaffirmed an "outperform" rating and set a $550.00 price objective on shares of Microsoft in a research report on Thursday, March 20th. Cantor Fitzgerald restated an "overweight" rating and issued a $509.00 target price on shares of Microsoft in a research note on Wednesday, January 29th. Mizuho dropped their price target on Microsoft from $510.00 to $500.00 and set an "outperform" rating on the stock in a research report on Thursday, January 30th. Finally, Loop Capital upped their price objective on Microsoft from $500.00 to $550.00 and gave the stock a "buy" rating in a research note on Monday, December 23rd. Four 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 presently has a consensus rating of "Moderate Buy" and a consensus price target of $508.86.

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.