Microsoft Co. (NASDAQ:MSFT) Holdings Lifted by SYM FINANCIAL Corp

SYM FINANCIAL Corp raised its position in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) by 172.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 22,215 shares of the software giant's stock after acquiring an additional 14,071 shares during the period. Microsoft makes up 1.2% of SYM FINANCIAL Corp's portfolio, making the stock its 13th biggest position. SYM FINANCIAL Corp's holdings in Microsoft were worth $9,363,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MSFT. Fiduciary Advisors Inc. purchased a new stake in Microsoft during the 4th quarter worth $38,000. Christopher J. Hasenberg Inc lifted its stake in shares of Microsoft by 35.7% during the third quarter. Christopher J. Hasenberg Inc now owns 95 shares of the software giant's stock worth $39,000 after purchasing an additional 25 shares in the last quarter. IFS Advisors LLC grew 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 valued at $42,000 after buying an additional 35 shares in the last quarter. Avondale Wealth Management raised its holdings in shares of 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 buying an additional 65 shares during the period. Finally, MidAtlantic Capital Management Inc. acquired a new position in Microsoft during the 3rd quarter worth approximately $62,000. 71.13% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

Several analysts have issued reports on MSFT shares. Stifel Nicolaus lowered their price objective on shares of Microsoft from $515.00 to $475.00 and set a "buy" rating for the company in a research report on Friday, March 7th. Mizuho dropped their price target 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. DA Davidson upgraded shares of Microsoft from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $425.00 to $450.00 in a report on Thursday, March 13th. UBS Group lowered 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. Finally, Morgan Stanley cut their price target on Microsoft from $540.00 to $530.00 and set an "overweight" rating on the stock 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. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $510.59.

Microsoft Stock Performance

NASDAQ:MSFT traded down $11.78 during midday trading on Friday, reaching $378.80. 21,606,792 shares of the company traded hands, compared to its average volume of 20,523,498. Microsoft Co. has a twelve month low of $376.91 and a twelve month high of $468.35. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.34. The company has a fifty day moving average price of $405.52 and a 200 day moving average price of $419.06. The firm has a market capitalization of $2.82 trillion, a price-to-earnings ratio of 30.50, a price-to-earnings-growth ratio of 2.21 and a beta of 0.92.

Microsoft (NASDAQ:MSFT - Get Free Report) last issued its quarterly earnings data on Wednesday, January 29th. The software giant reported $3.23 earnings per share 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 prior year, the firm posted $2.93 EPS. On average, analysts expect that Microsoft Co. will post 13.08 EPS for the current fiscal year.

Microsoft Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Thursday, May 15th will be paid a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date is Thursday, May 15th. Microsoft's dividend payout ratio is currently 26.73%.

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.