Spirepoint Private Client LLC Has $30.75 Million Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

Spirepoint Private Client LLC lifted its holdings in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) by 11.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 72,949 shares of the software giant's stock after buying an additional 7,266 shares during the period. Microsoft makes up about 3.9% of Spirepoint Private Client LLC's investment portfolio, making the stock its 3rd largest holding. Spirepoint Private Client LLC's holdings in Microsoft were worth $30,748,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Fiduciary Advisors Inc. bought a new position in shares of Microsoft in the fourth quarter valued at approximately $38,000. IFS Advisors LLC lifted 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 purchasing an additional 35 shares during the period. Avondale Wealth Management boosted its stake in Microsoft by 144.4% during the 4th quarter. Avondale Wealth Management now owns 110 shares of the software giant's stock valued at $46,000 after purchasing an additional 65 shares in the last quarter. MidAtlantic Capital Management Inc. acquired a new position in shares of Microsoft during the 3rd quarter valued at $62,000. Finally, Kieckhefer Group LLC acquired a new position in shares of Microsoft during the 4th quarter valued at $141,000. 71.13% of the stock is owned by institutional investors.

Microsoft Stock Down 0.6 %

NASDAQ MSFT traded down $1.98 during trading on Monday, reaching $357.86. The company's stock had a trading volume of 50,017,125 shares, compared to its average volume of 20,896,489. 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 stock has a market capitalization of $2.66 trillion, a PE ratio of 28.81, a PEG ratio of 2.21 and a beta of 1.00. Microsoft Co. has a 1-year low of $344.93 and a 1-year high of $468.35. The business has a 50-day moving average price of $397.55 and a 200-day moving average price of $416.67.

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Microsoft (NASDAQ:MSFT - Get Free Report) last released its quarterly earnings data 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 net margin of 35.43% and a return on equity of 33.36%. During the same period last year, the firm posted $2.93 earnings per share. On average, research analysts forecast that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

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 issued a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date is Thursday, May 15th. Microsoft's dividend payout ratio is 26.73%.

Wall Street Analysts Forecast Growth

MSFT has been the subject of several research reports. UBS Group decreased their target price on Microsoft from $525.00 to $510.00 and set a "buy" rating for the company in a research note on Thursday, January 30th. Morgan Stanley reduced their price objective on shares of Microsoft from $540.00 to $530.00 and set an "overweight" rating for the company in a research report on Thursday, January 30th. Tigress Financial lifted their price objective on shares of Microsoft from $550.00 to $595.00 and gave the stock a "buy" rating in a research note on Thursday, March 20th. Scotiabank initiated coverage on shares of Microsoft in a research note on Thursday, March 20th. They set a "sector outperform" rating and a $470.00 target price for the company. Finally, Royal Bank of Canada restated an "outperform" rating and issued a $500.00 price target on shares of Microsoft in a research report on Thursday, January 30th. Four analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $508.00.

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.