Ridgepath Capital Management LLC Increases Holdings in Microsoft Co. (NASDAQ:MSFT)

Ridgepath Capital Management LLC raised its stake in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) by 58.9% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 4,720 shares of the software giant's stock after purchasing an additional 1,750 shares during the period. Microsoft accounts for about 0.9% of Ridgepath Capital Management LLC's investment portfolio, making the stock its 19th biggest holding. Ridgepath Capital Management LLC's holdings in Microsoft were worth $1,989,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in MSFT. Fiduciary Advisors Inc. purchased a new stake in Microsoft in the 4th quarter worth $38,000. Christopher J. Hasenberg Inc lifted its position in shares of Microsoft by 35.7% in the third quarter. Christopher J. Hasenberg Inc now owns 95 shares of the software giant's stock valued at $39,000 after acquiring an additional 25 shares in the last quarter. IFS Advisors LLC boosted its stake in shares of 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 acquiring an additional 35 shares during the period. Avondale Wealth Management grew its position in shares of Microsoft by 144.4% during the fourth quarter. Avondale Wealth Management now owns 110 shares of the software giant's stock worth $46,000 after purchasing an additional 65 shares in the last quarter. Finally, MidAtlantic Capital Management Inc. bought a new stake in Microsoft during the 3rd quarter valued at approximately $62,000. 71.13% of the stock is owned by hedge funds and other institutional investors.

Microsoft Trading Up 0.2 %

MSFT stock traded up $0.61 during trading on Thursday, reaching $390.58. 13,741,615 shares of the stock were exchanged, compared to its average volume of 22,928,355. 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 firm has a market capitalization of $2.90 trillion, a price-to-earnings ratio of 31.45, a P/E/G ratio of 2.21 and a beta of 0.92. The business has a 50 day moving average price of $407.20 and a 200-day moving average price of $419.45. Microsoft Co. has a 1 year low of $376.91 and a 1 year high of $468.35.

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Microsoft (NASDAQ:MSFT - Get Free Report) last posted its 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 quarter last year, the business posted $2.93 EPS. On average, research analysts predict that Microsoft Co. will post 13.08 earnings per share for the current year.

Microsoft Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders 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 dividend yield of 0.85%. The ex-dividend date is Thursday, May 15th. Microsoft's dividend payout ratio is presently 26.73%.

Analysts Set New Price Targets

Several research firms have recently issued reports on MSFT. UBS Group reduced their price objective on shares of Microsoft from $525.00 to $510.00 and set a "buy" rating on the stock in a research report on Thursday, January 30th. StockNews.com downgraded shares of Microsoft from a "buy" rating to a "hold" rating in a report on Friday, February 28th. Scotiabank started coverage on shares of Microsoft in a report on Thursday, March 20th. They set a "sector outperform" rating and a $470.00 price objective for the company. Tigress Financial lifted their target price on Microsoft from $550.00 to $595.00 and gave the stock a "buy" rating in a report on Thursday, March 20th. Finally, Royal Bank of Canada reissued an "outperform" rating and set a $500.00 price target on shares of Microsoft in a research note on Thursday, January 30th. Three research analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $510.59.

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.