PUREfi Wealth LLC Makes New $3.64 Million Investment in Microsoft Co. (NASDAQ:MSFT)

PUREfi Wealth LLC bought a new stake in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The firm bought 8,643 shares of the software giant's stock, valued at approximately $3,643,000. Microsoft accounts for 3.6% of PUREfi Wealth LLC's holdings, making the stock its 3rd biggest position.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Fiduciary Advisors Inc. acquired a new position in Microsoft in the fourth quarter worth about $38,000. IFS Advisors LLC increased its position in Microsoft by 53.8% in the fourth quarter. IFS Advisors LLC now owns 100 shares of the software giant's stock worth $42,000 after buying an additional 35 shares during the period. Avondale Wealth Management grew its position in Microsoft by 144.4% in the 4th quarter. Avondale Wealth Management now owns 110 shares of the software giant's stock worth $46,000 after purchasing an additional 65 shares during the last quarter. MidAtlantic Capital Management Inc. acquired a new position in shares of Microsoft during the third quarter worth approximately $62,000. Finally, Kieckhefer Group LLC acquired a new stake in Microsoft in the 4th quarter valued at approximately $141,000. 71.13% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MSFT has been the topic of a number of recent analyst reports. Tigress Financial lifted their price objective on shares of Microsoft from $550.00 to $595.00 and gave the company a "buy" rating in a research note on Thursday, March 20th. Stifel Nicolaus reduced their price target on shares of Microsoft from $515.00 to $475.00 and set a "buy" rating for the company in a research note on Friday, March 7th. Piper Sandler reiterated an "overweight" rating and set a $520.00 price objective on shares of Microsoft in a research note on Monday, January 27th. BMO Capital Markets cut their target price on Microsoft from $490.00 to $470.00 and set an "outperform" rating for the company in a research report on Wednesday. Finally, Mizuho lowered their price target on Microsoft from $510.00 to $500.00 and set an "outperform" rating on the stock in a research report on Thursday, January 30th. Five research analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Microsoft has a consensus rating of "Moderate Buy" and a consensus target price of $499.97.

Microsoft Stock Down 1.0 %

MSFT stock traded down $3.83 during midday trading on Friday, reaching $367.78. The company had a trading volume of 20,940,221 shares, compared to its average volume of 21,277,339. The company has a 50 day moving average of $389.13 and a two-hundred day moving average of $413.21. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.13. Microsoft Co. has a 1 year low of $344.79 and a 1 year high of $468.35. The company has a market capitalization of $2.73 trillion, a P/E ratio of 29.61, a PEG ratio of 2.21 and a beta of 1.00.

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 (EPS) 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 last year, the business posted $2.93 earnings per share. On average, equities research analysts expect that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.90%. Microsoft's dividend payout ratio is currently 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.