Microsoft Co. (NASDAQ:MSFT) Shares Bought by Quadrant Private Wealth Management LLC

Quadrant Private Wealth Management LLC grew its position in Microsoft Co. (NASDAQ:MSFT - Free Report) by 6.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,605 shares of the software giant's stock after acquiring an additional 906 shares during the quarter. Microsoft comprises approximately 1.6% of Quadrant Private Wealth Management LLC's portfolio, making the stock its 14th biggest position. Quadrant Private Wealth Management LLC's holdings in Microsoft were worth $6,578,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the business. Trademark Financial Management LLC lifted its position in Microsoft by 25.8% during the 4th quarter. Trademark Financial Management LLC now owns 3,259 shares of the software giant's stock worth $1,374,000 after acquiring an additional 668 shares during the period. Sage Advisors LLC lifted its holdings in shares of Microsoft by 3.9% during the fourth quarter. Sage Advisors LLC now owns 4,252 shares of the software giant's stock worth $1,792,000 after purchasing an additional 158 shares during the period. Adell Harriman & Carpenter Inc. grew its position in Microsoft by 0.6% in the 4th quarter. Adell Harriman & Carpenter Inc. now owns 153,678 shares of the software giant's stock valued at $64,775,000 after buying an additional 842 shares during the last quarter. PICTET BANK & TRUST Ltd increased its stake in Microsoft by 3.3% in the 4th quarter. PICTET BANK & TRUST Ltd now owns 10,218 shares of the software giant's stock valued at $4,288,000 after buying an additional 330 shares during the period. Finally, Bank Pictet & Cie Europe AG raised its position in Microsoft by 3.1% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 926,144 shares of the software giant's stock worth $388,626,000 after buying an additional 27,721 shares during the last quarter. 71.13% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently weighed in on MSFT. Westpark Capital started coverage on shares of Microsoft in a report on Tuesday, April 1st. They issued a "hold" rating on the stock. Jefferies Financial Group reaffirmed a "buy" rating and issued a $475.00 price objective (down previously from $500.00) on shares of Microsoft in a report on Monday, April 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. StockNews.com lowered Microsoft from a "buy" rating to a "hold" rating in a report on Friday, February 28th. Finally, UBS Group lowered their price target on shares of Microsoft from $510.00 to $480.00 and set a "buy" rating on the stock in a research note on Monday. Five analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $499.97.

Microsoft Trading Down 1.0 %

Shares of NASDAQ:MSFT traded down $3.83 during midday trading on Friday, reaching $367.78. The company's stock had a trading volume of 20,940,221 shares, compared to its average volume of 21,277,339. The business has a 50 day moving average price of $389.13 and a 200 day moving average price of $413.21. Microsoft Co. has a 1 year low of $344.79 and a 1 year high of $468.35. The firm has a market cap of $2.73 trillion, a price-to-earnings ratio of 29.61, a price-to-earnings-growth ratio of 2.21 and a beta of 1.00. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 0.13.

Microsoft (NASDAQ:MSFT - Get Free Report) last issued its quarterly earnings results on Wednesday, January 29th. The software giant reported $3.23 EPS for the quarter, topping 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 quarter last year, the business earned $2.93 earnings per share. Research analysts forecast 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. Shareholders of record on Thursday, May 15th will be given a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date of this dividend is Thursday, May 15th. Microsoft's dividend payout ratio (DPR) is presently 26.73%.

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.