Adero Partners LLC Has $8.90 Million Holdings in Microsoft Co. (NASDAQ:MSFT)

Adero Partners LLC boosted its holdings in Microsoft Co. (NASDAQ:MSFT - Free Report) by 5.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,125 shares of the software giant's stock after purchasing an additional 1,108 shares during the period. Microsoft comprises about 0.6% of Adero Partners LLC's portfolio, making the stock its 27th largest holding. Adero Partners LLC's holdings in Microsoft were worth $8,904,000 at the end of the most recent quarter.

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

Microsoft Price Performance

Shares of NASDAQ MSFT traded down $1.98 during trading hours on Monday, hitting $357.86. 50,017,125 shares of the stock were exchanged, compared to its average volume of 20,896,489. Microsoft Co. has a 1-year low of $344.93 and a 1-year high of $468.35. The company has a market cap of $2.66 trillion, a PE ratio of 28.81, a price-to-earnings-growth ratio of 2.21 and a beta of 1.00. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.34 and a current ratio of 1.35. The company's fifty day simple moving average is $397.55 and its two-hundred day simple moving average is $416.67.

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Microsoft (NASDAQ:MSFT - Get Free Report) last issued 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 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. On average, sell-side analysts predict that Microsoft Co. will post 13.08 EPS for the current year.

Microsoft Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Thursday, May 15th will be paid a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a yield of 0.93%. The ex-dividend date of this dividend is Thursday, May 15th. Microsoft's payout ratio is 26.73%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on MSFT. Wedbush restated an "outperform" rating and set a $550.00 target price on shares of Microsoft in a report on Thursday, March 20th. Guggenheim restated a "neutral" rating on shares of Microsoft in a research note on Friday, January 24th. Piper Sandler reiterated an "overweight" rating and issued a $520.00 target price on shares of Microsoft in a research note on Monday, January 27th. UBS Group reduced their price target on Microsoft from $525.00 to $510.00 and set a "buy" rating for the company in a report on Thursday, January 30th. Finally, DA Davidson upgraded Microsoft from a "neutral" rating to a "buy" rating and upped their price objective for the company from $425.00 to $450.00 in a research note on Thursday, March 13th. Four research analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $508.00.

Microsoft 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.