Greenspring Advisors LLC Raises Position in Microsoft Co. (NASDAQ:MSFT)

Greenspring Advisors LLC boosted its position in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) by 18.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,964 shares of the software giant's stock after buying an additional 927 shares during the period. Microsoft makes up approximately 0.5% of Greenspring Advisors LLC's investment portfolio, making the stock its 13th largest position. Greenspring Advisors LLC's holdings in Microsoft were worth $2,514,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Fiduciary Advisors Inc. bought a new stake in shares of Microsoft during the 4th quarter worth $38,000. IFS Advisors LLC raised its stake in Microsoft by 53.8% during the fourth quarter. IFS Advisors LLC now owns 100 shares of the software giant's stock worth $42,000 after acquiring an additional 35 shares in the last quarter. Avondale Wealth Management lifted its holdings in shares of Microsoft by 144.4% in the fourth quarter. Avondale Wealth Management now owns 110 shares of the software giant's stock worth $46,000 after acquiring an additional 65 shares during the last quarter. MidAtlantic Capital Management Inc. acquired a new stake in shares of Microsoft in the 3rd quarter valued at 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 owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Westpark Capital assumed coverage on shares of Microsoft in a research note on Tuesday, April 1st. They issued a "hold" rating for the company. Piper Sandler reissued an "overweight" rating and set a $520.00 price objective on shares of Microsoft in a report on Monday, January 27th. Cantor Fitzgerald restated an "overweight" rating and set a $509.00 price objective on shares of Microsoft in a research report on Wednesday, January 29th. Scotiabank started coverage on Microsoft in a research report on Thursday, March 20th. They issued a "sector outperform" rating and a $470.00 target price for the company. Finally, Stifel Nicolaus lowered 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. Four equities research analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company. Based on data from MarketBeat, Microsoft presently has a consensus rating of "Moderate Buy" and a consensus price target of $508.00.

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Microsoft Stock Down 0.6 %

Shares of MSFT traded down $1.98 during trading hours on Monday, hitting $357.86. The stock had a trading volume of 50,017,125 shares, 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 firm has a market capitalization of $2.66 trillion, a P/E ratio of 28.81, a price-to-earnings-growth ratio of 2.21 and a beta of 1.00. The firm has a 50 day simple moving average of $397.55 and a 200-day simple moving average of $416.67. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.34.

Microsoft (NASDAQ:MSFT - Get Free Report) last announced its quarterly earnings data on Wednesday, January 29th. The software giant reported $3.23 EPS for the quarter, beating analysts' consensus estimates 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 in the previous year, the firm earned $2.93 earnings per share. Sell-side analysts predict that Microsoft Co. will post 13.08 EPS for the current fiscal year.

Microsoft Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders 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 yield of 0.93%. Microsoft's payout ratio is 26.73%.

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.