Nicholson Wealth Management Group LLC Acquires 1,810 Shares of Microsoft Co. (NASDAQ:MSFT)

Nicholson Wealth Management Group LLC lifted its stake in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) by 40.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 6,328 shares of the software giant's stock after buying an additional 1,810 shares during the quarter. Microsoft comprises approximately 1.8% of Nicholson Wealth Management Group LLC's investment portfolio, making the stock its 5th largest holding. Nicholson Wealth Management Group LLC's holdings in Microsoft were worth $2,667,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. Assenagon Asset Management S.A. increased its stake in Microsoft by 76.6% in the fourth quarter. Assenagon Asset Management S.A. now owns 10,532,402 shares of the software giant's stock valued at $4,439,407,000 after purchasing an additional 4,568,539 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Microsoft by 2.0% in the 3rd quarter. Geode Capital Management LLC now owns 165,024,812 shares of the software giant's stock valued at $70,790,682,000 after buying an additional 3,264,648 shares during the period. Baillie Gifford & Co. increased its position in Microsoft by 46.1% in the 3rd quarter. Baillie Gifford & Co. now owns 7,048,244 shares of the software giant's stock valued at $3,032,859,000 after buying an additional 2,222,483 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Microsoft by 4.1% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 54,590,791 shares of the software giant's stock worth $23,490,417,000 after buying an additional 2,125,030 shares during the period. Finally, Strategic Financial Concepts LLC boosted its holdings in Microsoft by 43,900.4% in the fourth quarter. Strategic Financial Concepts LLC now owns 2,042,499 shares of the software giant's stock worth $860,913,000 after acquiring an additional 2,037,857 shares in the last quarter. Institutional investors own 71.13% of the company's stock.

Microsoft Stock Performance

NASDAQ:MSFT opened at $387.30 on Friday. The business's fifty day moving average is $385.28 and its 200 day moving average is $411.53. The firm has a market cap of $2.88 trillion, a price-to-earnings ratio of 31.18, a PEG 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. Microsoft Co. has a 52-week low of $344.79 and a 52-week high of $468.35.

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 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 quarter in the previous year, the firm earned $2.93 EPS. Research analysts predict that Microsoft Co. will post 13.08 EPS for the current year.

Microsoft Announces Dividend

The company 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. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.86%. Microsoft's dividend payout ratio (DPR) is currently 26.73%.

Analysts Set New Price Targets

MSFT has been the topic of a number of research reports. Barclays lowered their target price on Microsoft from $475.00 to $430.00 and set an "overweight" rating on the stock in a research report on Monday. Morgan Stanley dropped their price objective on shares of Microsoft from $530.00 to $472.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. Piper Sandler decreased their target price on shares of Microsoft from $520.00 to $435.00 and set an "overweight" rating for the company in a research report on Wednesday. Guggenheim reaffirmed a "neutral" rating on shares of Microsoft in a research report on Wednesday. Finally, Scotiabank began coverage on Microsoft in a report on Thursday, March 20th. They set a "sector outperform" rating and a $470.00 price objective for the company. Five equities research analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company. According to data from MarketBeat, Microsoft currently has an average rating of "Moderate Buy" and a consensus price target of $493.13.

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.

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