Rice Partnership LLC Acquires 1,606 Shares of Microsoft Co. (NASDAQ:MSFT)

Rice Partnership LLC boosted its holdings in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) by 2.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 79,118 shares of the software giant's stock after acquiring an additional 1,606 shares during the period. Microsoft accounts for approximately 6.4% of Rice Partnership LLC's investment portfolio, making the stock its 3rd biggest position. Rice Partnership LLC's holdings in Microsoft were worth $33,348,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Financial Strategies Group Inc. increased its stake in shares of Microsoft by 7.1% in the 4th quarter. Financial Strategies Group Inc. now owns 13,881 shares of the software giant's stock worth $5,815,000 after acquiring an additional 919 shares during the last quarter. Lazari Capital Management Inc. lifted its position in shares of Microsoft by 1.8% during the fourth quarter. Lazari Capital Management Inc. now owns 16,078 shares of the software giant's stock worth $6,777,000 after purchasing an additional 285 shares in the last quarter. Resonant Capital Advisors LLC boosted its stake in shares of Microsoft by 1.1% in the fourth quarter. Resonant Capital Advisors LLC now owns 37,574 shares of the software giant's stock valued at $15,837,000 after purchasing an additional 394 shares during the period. Brentview Investment Management LLC acquired a new position in shares of Microsoft in the fourth quarter valued at approximately $13,601,000. Finally, Panoramic Investment Advisors LLC increased its stake in Microsoft by 13.3% during the 4th quarter. Panoramic Investment Advisors LLC now owns 3,839 shares of the software giant's stock worth $1,618,000 after buying an additional 451 shares during the period. Institutional investors and hedge funds own 71.13% of the company's stock.

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Microsoft Stock Performance

NASDAQ MSFT traded down $3.41 during trading hours on Monday, reaching $375.39. The company's stock had a trading volume of 35,114,161 shares, compared to its average volume of 20,581,628. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.13. The business has a 50-day simple moving average of $405.52 and a 200 day simple moving average of $419.10. Microsoft Co. has a 52 week low of $367.31 and a 52 week high of $468.35. The stock has a market cap of $2.79 trillion, a PE ratio of 30.22, a PEG ratio of 2.21 and a beta of 0.92.

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, topping 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 period in the prior year, the business posted $2.93 EPS. Equities research analysts predict that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The company also recently disclosed 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 dividend yield of 0.88%. Microsoft's dividend payout ratio (DPR) is presently 26.73%.

Analysts Set New Price Targets

Several equities analysts have commented on MSFT shares. Loop Capital boosted their price target on shares of Microsoft from $500.00 to $550.00 and gave the stock a "buy" rating in a research note on Monday, December 23rd. Tigress Financial upped their price target on Microsoft from $550.00 to $595.00 and gave the stock a "buy" rating in a report on Thursday, March 20th. Guggenheim reiterated a "neutral" rating on shares of Microsoft in a research note on Friday, January 24th. UBS Group cut their target price on shares of Microsoft from $525.00 to $510.00 and set a "buy" rating on the stock in a research note on Thursday, January 30th. Finally, Stifel Nicolaus lowered their price target on shares of Microsoft from $515.00 to $475.00 and set a "buy" rating for the company in a report on Friday, March 7th. Three investment analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $508.86.

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.