Microsoft Co. (NASDAQ:MSFT) is Prudent Investors Network Inc.'s 10th Largest Position

Prudent Investors Network Inc. increased its holdings in Microsoft Co. (NASDAQ:MSFT - Free Report) by 7.8% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 36,484 shares of the software giant's stock after buying an additional 2,641 shares during the period. Microsoft accounts for approximately 4.5% of Prudent Investors Network Inc.'s portfolio, making the stock its 10th largest holding. Prudent Investors Network Inc.'s holdings in Microsoft were worth $15,378,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in MSFT. Net Worth Advisory Group bought a new stake in Microsoft during the third quarter worth about $2,645,000. Adamsbrown Wealth Consultants LLC raised its holdings 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 valued at $2,515,000 after buying an additional 130 shares in the last quarter. Oak Ridge Investments LLC lifted its position in Microsoft by 7.6% in the 3rd quarter. Oak Ridge Investments LLC now owns 263,534 shares of the software giant's stock worth $113,399,000 after buying an additional 18,544 shares during the last quarter. Focus Financial Network Inc. boosted its stake in Microsoft by 2.0% in the third quarter. Focus Financial Network Inc. now owns 76,296 shares of the software giant's stock worth $32,830,000 after buying an additional 1,489 shares in the last quarter. Finally, Campbell Wealth Management purchased a new position in shares of Microsoft during the third quarter worth approximately $3,314,000. 71.13% of the stock is currently owned by hedge funds and other institutional investors.

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Microsoft Stock Performance

Shares of MSFT traded down $3.41 during trading hours on Monday, hitting $375.39. The stock had a trading volume of 35,114,161 shares, compared to its average volume of 20,581,628. The firm has a market capitalization of $2.79 trillion, a PE ratio of 30.22, a PEG ratio of 2.21 and a beta of 0.92. 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 Co. has a 12 month low of $367.31 and a 12 month high of $468.35. The stock has a fifty day moving average price of $405.52 and a 200 day moving average price of $419.10.

Microsoft (NASDAQ:MSFT - Get Free Report) last released its quarterly earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share (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 quarter in the prior year, the company posted $2.93 earnings per share. Analysts anticipate that Microsoft Co. will post 13.08 EPS for the current year.

Microsoft Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Thursday, May 15th will be issued a $0.83 dividend. The ex-dividend date is Thursday, May 15th. This represents a $3.32 dividend on an annualized basis and a yield of 0.88%. Microsoft's dividend payout ratio is currently 26.73%.

Analysts Set New Price Targets

Several equities analysts have recently commented on MSFT shares. Scotiabank initiated coverage on shares of Microsoft in a research note on Thursday, March 20th. They set a "sector outperform" rating and a $470.00 price objective for the company. UBS Group dropped their price objective on Microsoft from $525.00 to $510.00 and set a "buy" rating for the company in a report on Thursday, January 30th. Loop Capital boosted their target price on Microsoft from $500.00 to $550.00 and gave the company a "buy" rating in a research note on Monday, December 23rd. Guggenheim reissued a "neutral" rating on shares of Microsoft in a research note on Friday, January 24th. Finally, Cantor Fitzgerald reaffirmed an "overweight" rating and set a $509.00 target price on shares of Microsoft in a research note on Wednesday, January 29th. Three research analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $508.86.

Microsoft Company 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.