Panoramic Capital Partners LLC Invests $6.70 Million in Microsoft Co. (NASDAQ:MSFT)

Panoramic Capital Partners LLC purchased a new position in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 15,900 shares of the software giant's stock, valued at approximately $6,702,000. Microsoft comprises about 5.9% of Panoramic Capital Partners LLC's holdings, making the stock its 6th biggest holding.

Several other hedge funds also recently added to or reduced their stakes in the business. International Private Wealth Advisors LLC increased its holdings in shares of Microsoft by 110.7% during the 4th quarter. International Private Wealth Advisors LLC now owns 5,140 shares of the software giant's stock valued at $2,167,000 after purchasing an additional 2,700 shares in the last quarter. First National Corp MA ADV increased its holdings in Microsoft by 2.7% in the fourth quarter. First National Corp MA ADV now owns 7,960 shares of the software giant's stock valued at $3,355,000 after buying an additional 212 shares in the last quarter. Arlington Trust Co LLC raised its position in shares of Microsoft by 1.7% in the fourth quarter. Arlington Trust Co LLC now owns 28,047 shares of the software giant's stock worth $11,822,000 after acquiring an additional 470 shares during the period. Arlington Partners LLC boosted its stake in shares of Microsoft by 15.3% during the 4th quarter. Arlington Partners LLC now owns 9,676 shares of the software giant's stock worth $4,078,000 after acquiring an additional 1,287 shares in the last quarter. Finally, Equitable Trust Co. grew its position in shares of Microsoft by 7.0% during the 4th quarter. Equitable Trust Co. now owns 129,455 shares of the software giant's stock valued at $54,565,000 after acquiring an additional 8,480 shares during the period. 71.13% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. StockNews.com downgraded Microsoft from a "buy" rating to a "hold" rating in a research report on Friday, February 28th. Morgan Stanley decreased their target price on Microsoft from $540.00 to $530.00 and set an "overweight" rating on the stock in a research report on Thursday, January 30th. Wedbush cut their price target on shares of Microsoft from $550.00 to $475.00 and set an "outperform" rating for the company in a report on Thursday. Tigress Financial increased their price objective on shares of Microsoft from $550.00 to $595.00 and gave the company a "buy" rating in a report on Thursday, March 20th. Finally, Scotiabank began coverage on shares of Microsoft in a research note on Thursday, March 20th. They set a "sector outperform" rating and a $470.00 target price for the company. Four equities research analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $505.41.

Microsoft Trading Up 1.9 %

Shares of NASDAQ:MSFT traded up $7.10 during midday trading on Friday, reaching $388.45. 23,826,330 shares of the company's stock were exchanged, compared to its average volume of 21,250,515. The stock has a market cap of $2.89 trillion, a price-to-earnings ratio of 31.28, a P/E/G ratio of 2.21 and a beta of 1.00. Microsoft Co. has a fifty-two week low of $344.79 and a fifty-two week high of $468.35. The firm's 50 day simple moving average is $391.89 and its two-hundred day simple moving average is $414.41. 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 posted its quarterly earnings data on Wednesday, January 29th. The software giant reported $3.23 earnings per share for the quarter, topping analysts' consensus estimates 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 quarter in the previous year, the company posted $2.93 earnings per share. As a group, sell-side analysts forecast that Microsoft Co. will post 13.08 EPS for the current fiscal year.

Microsoft Dividend Announcement

The company also recently disclosed 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. 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 0.85%. Microsoft's payout ratio is presently 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.