Sierra Ocean LLC acquired a new stake in Microsoft Co. (NASDAQ:MSFT - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 4,460 shares of the software giant's stock, valued at approximately $1,880,000. Microsoft accounts for approximately 1.5% of Sierra Ocean LLC's investment portfolio, making the stock its 14th biggest position.
Several other large investors have also recently made changes to their positions in MSFT. Adamsbrown Wealth Consultants LLC lifted its holdings in Microsoft by 2.2% during the fourth quarter. Adamsbrown Wealth Consultants LLC now owns 5,967 shares of the software giant's stock valued at $2,515,000 after purchasing an additional 130 shares during the last quarter. Oak Ridge Investments LLC lifted its stake in shares of Microsoft by 7.6% during the 3rd quarter. Oak Ridge Investments LLC now owns 263,534 shares of the software giant's stock valued at $113,399,000 after buying an additional 18,544 shares in the last quarter. Focus Financial Network Inc. boosted its holdings in shares of 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 acquiring an additional 1,489 shares during the period. Campbell Wealth Management purchased a new stake in Microsoft during the 3rd quarter worth about $3,314,000. Finally, Busey Bank boosted its stake in Microsoft by 1.1% in the 3rd quarter. Busey Bank now owns 472,040 shares of the software giant's stock worth $203,119,000 after purchasing an additional 5,287 shares during the period. 71.13% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
MSFT has been the topic of several analyst reports. Barclays decreased their price target on Microsoft from $475.00 to $430.00 and set an "overweight" rating on the stock in a research report on Monday. StockNews.com cut Microsoft from a "buy" rating to a "hold" rating in a report on Friday, February 28th. Tigress Financial boosted their price objective on Microsoft from $550.00 to $595.00 and gave the stock a "buy" rating in a report on Thursday, March 20th. Mizuho lowered their target price on shares of Microsoft from $510.00 to $500.00 and set an "outperform" rating on the stock in a research note on Thursday, January 30th. Finally, Bank of America cut their price target on shares of Microsoft from $510.00 to $480.00 and set a "buy" rating for the company in a research note on Tuesday, April 15th. Five equities research analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company. Based on data from MarketBeat.com, Microsoft currently has a consensus rating of "Moderate Buy" and an average target price of $497.63.
Get Our Latest Stock Analysis on MSFT
Microsoft Stock Up 3.0 %
Shares of NASDAQ MSFT traded up $11.13 during mid-day trading on Wednesday, reaching $377.95. The company had a trading volume of 4,482,807 shares, compared to its average volume of 21,177,769. The stock has a market cap of $2.81 trillion, a P/E ratio of 30.43, a PEG ratio of 2.21 and a beta of 1.00. The firm has a 50 day simple moving average of $386.38 and a two-hundred day simple moving average of $411.95. 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 52-week low of $344.79 and a 52-week high of $468.35.
Microsoft (NASDAQ:MSFT - Get Free Report) last announced its quarterly earnings data on Wednesday, January 29th. The software giant reported $3.23 EPS for the quarter, beating 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 period in the previous year, the business earned $2.93 earnings per share. Sell-side analysts predict that Microsoft Co. will post 13.08 earnings per share for the current year.
Microsoft Announces Dividend
The company 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. This represents a $3.32 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date of this dividend is Thursday, May 15th. Microsoft's payout ratio is currently 26.73%.
Microsoft Company Profile
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Free Report)
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.
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