Money Concepts Capital Corp Buys 957 Shares of Microsoft Co. (NASDAQ:MSFT)

Money Concepts Capital Corp lifted its holdings in Microsoft Co. (NASDAQ:MSFT - Free Report) by 1.4% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 70,420 shares of the software giant's stock after purchasing an additional 957 shares during the quarter. Microsoft accounts for approximately 2.2% of Money Concepts Capital Corp's holdings, making the stock its 8th largest position. Money Concepts Capital Corp's holdings in Microsoft were worth $29,682,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Net Worth Advisory Group acquired a new stake in Microsoft in the 3rd quarter valued at about $2,645,000. Adamsbrown Wealth Consultants LLC boosted its stake in shares of Microsoft by 2.2% during the 4th 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 raised 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 purchasing an additional 18,544 shares during the period. Focus Financial Network Inc. lifted its holdings in shares of Microsoft by 2.0% during the third quarter. Focus Financial Network Inc. now owns 76,296 shares of the software giant's stock valued at $32,830,000 after purchasing an additional 1,489 shares during the last quarter. Finally, Campbell Wealth Management purchased a new position in Microsoft in the 3rd quarter worth about $3,314,000. 71.13% of the stock is owned by institutional investors and hedge funds.

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Microsoft Price Performance

Shares of MSFT traded down $0.05 during mid-day trading on Wednesday, reaching $382.14. The company had a trading volume of 15,927,448 shares, compared to its average volume of 20,588,437. The company's 50-day moving average is $403.52 and its 200-day moving average is $418.45. 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 company has a market capitalization of $2.84 trillion, a P/E ratio of 30.77, a P/E/G ratio of 2.21 and a beta of 0.92. Microsoft Co. has a twelve month low of $367.24 and a twelve month high of $468.35.

Microsoft (NASDAQ:MSFT - Get Free Report) last issued its 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 net margin of 35.43% and a return on equity of 33.36%. During the same period in the prior year, the firm posted $2.93 EPS. On average, equities analysts anticipate that Microsoft Co. will post 13.08 EPS for the current year.

Microsoft Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 15th will be paid a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date of this dividend is Thursday, May 15th. Microsoft's dividend payout ratio (DPR) is currently 26.73%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on MSFT shares. Stifel Nicolaus dropped their target price on shares of Microsoft from $515.00 to $475.00 and set a "buy" rating on the stock in a research report on Friday, March 7th. Piper Sandler reissued an "overweight" rating and set a $520.00 target price on shares of Microsoft in a research note on Monday, January 27th. Guggenheim reiterated a "neutral" rating on shares of Microsoft in a report on Friday, January 24th. Jefferies Financial Group reduced their price objective on Microsoft from $550.00 to $500.00 and set a "buy" rating for the company in a research note on Monday. Finally, Wedbush reaffirmed an "outperform" rating and set a $550.00 target price on shares of Microsoft in a research note on Thursday, March 20th. Four equities 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.