Microsoft Co. (NASDAQ:MSFT) Shares Acquired by Pinnacle Financial Partners Inc

Pinnacle Financial Partners Inc increased its position in Microsoft Co. (NASDAQ:MSFT - Free Report) by 0.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 566,009 shares of the software giant's stock after purchasing an additional 1,633 shares during the quarter. Microsoft makes up 4.9% of Pinnacle Financial Partners Inc's portfolio, making the stock its largest holding. Pinnacle Financial Partners Inc's holdings in Microsoft were worth $240,440,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Adamsbrown Wealth Consultants LLC raised its stake in Microsoft by 2.2% during the fourth quarter. Adamsbrown Wealth Consultants LLC now owns 5,967 shares of the software giant's stock worth $2,515,000 after acquiring an additional 130 shares in the last quarter. Oak Ridge Investments LLC increased its position in shares of Microsoft by 7.6% during the 3rd quarter. Oak Ridge Investments LLC now owns 263,534 shares of the software giant's stock worth $113,399,000 after purchasing an additional 18,544 shares in the last quarter. Mcdaniel Terry & Co. lifted its holdings in Microsoft by 6.1% during the 4th quarter. Mcdaniel Terry & Co. now owns 315,594 shares of the software giant's stock valued at $133,023,000 after purchasing an additional 18,052 shares during the last quarter. Focus Financial Network Inc. boosted its position in Microsoft by 2.0% in the third quarter. Focus Financial Network Inc. now owns 76,296 shares of the software giant's stock valued at $32,830,000 after buying an additional 1,489 shares in the last quarter. Finally, Campbell Wealth Management bought a new stake in Microsoft during the third quarter worth about $3,314,000. Institutional investors and hedge funds own 71.13% of the company's stock.

Microsoft Stock Up 1.2 %

Microsoft stock opened at $391.85 on Monday. Microsoft Co. has a fifty-two week low of $344.79 and a fifty-two week 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 firm has a market capitalization of $2.91 trillion, a price-to-earnings ratio of 31.55, a PEG ratio of 2.21 and a beta of 1.00. The company's 50 day simple moving average is $384.93 and its 200 day simple moving average is $411.34.

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

Microsoft Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 15th will be given a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date of this dividend is Thursday, May 15th. Microsoft's dividend payout ratio is currently 26.73%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Wells Fargo & Company cut their target price on shares of Microsoft from $515.00 to $500.00 and set an "overweight" rating for the company in a research note on Monday, April 14th. UBS Group cut their price objective on Microsoft from $510.00 to $480.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Morgan Stanley decreased their target price on Microsoft from $530.00 to $472.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Guggenheim reaffirmed a "neutral" rating on shares of Microsoft in a report on Wednesday, April 23rd. Finally, KeyCorp reiterated a "sector weight" rating on shares of Microsoft in a research report on Thursday, April 17th. Five investment analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Microsoft currently has a consensus rating of "Moderate Buy" and an average price target of $493.89.

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.

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