Microsoft Co. (NASDAQ:MSFT) Shares Purchased by Trust Point Inc.

Trust Point Inc. boosted its holdings in Microsoft Co. (NASDAQ:MSFT - Free Report) by 12.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 50,748 shares of the software giant's stock after purchasing an additional 5,794 shares during the quarter. Microsoft comprises approximately 1.5% of Trust Point Inc.'s portfolio, making the stock its 9th biggest position. Trust Point Inc.'s holdings in Microsoft were worth $21,390,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Net Worth Advisory Group purchased a new position in Microsoft during the 3rd quarter worth approximately $2,645,000. Adamsbrown Wealth Consultants LLC boosted its holdings in shares of Microsoft by 2.2% in the fourth quarter. Adamsbrown Wealth Consultants LLC now owns 5,967 shares of the software giant's stock valued at $2,515,000 after acquiring an additional 130 shares during the period. Oak Ridge Investments LLC grew its position in shares of 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 acquiring an additional 18,544 shares during the last quarter. Focus Financial Network Inc. increased its holdings in shares of Microsoft by 2.0% in the 3rd quarter. Focus Financial Network Inc. now owns 76,296 shares of the software giant's stock valued at $32,830,000 after acquiring an additional 1,489 shares during the period. Finally, Campbell Wealth Management purchased a new stake in Microsoft in the 3rd quarter valued at $3,314,000. 71.13% of the stock is currently owned by hedge funds and other institutional investors.

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Microsoft Price Performance

Microsoft stock traded up $6.80 during trading hours on Tuesday, hitting $382.19. The stock had a trading volume of 19,430,156 shares, compared to its average volume of 20,577,346. Microsoft Co. has a 1-year low of $367.24 and a 1-year 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 stock's fifty day moving average is $404.45 and its two-hundred day moving average is $418.77. The stock has a market capitalization of $2.84 trillion, a price-to-earnings ratio of 30.77, a PEG ratio of 2.21 and a beta of 0.92.

Microsoft (NASDAQ:MSFT - Get Free Report) last released its quarterly earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share for the quarter, topping 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 quarter in the prior year, the business earned $2.93 earnings per share. As a group, analysts predict that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The firm 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 0.87%. The ex-dividend date is Thursday, May 15th. Microsoft's dividend payout ratio (DPR) is 26.73%.

Analyst Ratings Changes

MSFT has been the topic of several research reports. Piper Sandler reissued an "overweight" rating and set a $520.00 price objective on shares of Microsoft in a research report on Monday, January 27th. Morgan Stanley lowered their price target on Microsoft from $540.00 to $530.00 and set an "overweight" rating on the stock in a report on Thursday, January 30th. Stifel Nicolaus reduced their price objective on Microsoft from $515.00 to $475.00 and set a "buy" rating for the company in a research note on Friday, March 7th. Wedbush reiterated an "outperform" rating and issued a $550.00 target price on shares of Microsoft in a research note on Thursday, March 20th. Finally, Loop Capital upped their price target on Microsoft from $500.00 to $550.00 and gave the stock a "buy" rating in a research note on Monday, December 23rd. Four research analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the stock. Based on data from MarketBeat.com, Microsoft currently has a consensus rating of "Moderate Buy" and an average 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.