Tandem Financial LLC Takes $2.12 Million Position in Microsoft Co. (NASDAQ:MSFT)

Tandem Financial LLC acquired a new stake in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 5,037 shares of the software giant's stock, valued at approximately $2,123,000. Microsoft comprises approximately 2.3% of Tandem Financial LLC's investment portfolio, making the stock its 15th largest position.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MSFT. BCK Partners Inc. raised its position in Microsoft by 1.8% during the third quarter. BCK Partners Inc. now owns 1,353 shares of the software giant's stock valued at $582,000 after purchasing an additional 24 shares during the period. Muirfield Wealth Advisors LLC increased its position in shares of Microsoft by 0.5% during the 4th quarter. Muirfield Wealth Advisors LLC now owns 4,427 shares of the software giant's stock valued at $1,866,000 after purchasing an additional 24 shares during the last quarter. Sequent Asset Management LLC raised its holdings in Microsoft by 1.3% during the 3rd quarter. Sequent Asset Management LLC now owns 1,983 shares of the software giant's stock valued at $853,000 after buying an additional 25 shares during the period. Cypress Point Wealth Management LLC boosted its stake in Microsoft by 0.8% during the third quarter. Cypress Point Wealth Management LLC now owns 3,208 shares of the software giant's stock worth $1,380,000 after buying an additional 25 shares during the period. Finally, Riverstone Advisors LLC increased its position in Microsoft by 0.6% during the third quarter. Riverstone Advisors LLC now owns 4,510 shares of the software giant's stock valued at $1,941,000 after acquiring an additional 25 shares during the last quarter. Institutional investors own 71.13% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on MSFT shares. StockNews.com cut shares of Microsoft from a "buy" rating to a "hold" rating in a research note on Friday, February 28th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $509.00 target price on shares of Microsoft in a research note on Wednesday, January 29th. Tigress Financial raised their price target on Microsoft from $550.00 to $595.00 and gave the stock a "buy" rating in a research note on Thursday, March 20th. Westpark Capital began coverage on Microsoft in a research report on Tuesday. They issued a "hold" rating on the stock. Finally, Scotiabank began coverage on Microsoft in a research report on Thursday, March 20th. They set a "sector outperform" rating and a $470.00 target price for the company. Four research analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $508.86.

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Microsoft Stock Down 3.6 %

NASDAQ:MSFT opened at $359.84 on Friday. The company's 50-day simple moving average is $399.08 and its 200-day simple moving average is $417.40. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.34 and a current ratio of 1.35. Microsoft Co. has a fifty-two week low of $359.48 and a fifty-two week high of $468.35. The stock has a market capitalization of $2.68 trillion, a P/E ratio of 28.97, a P/E/G ratio of 2.21 and a beta of 1.00.

Microsoft (NASDAQ:MSFT - Get Free Report) last released 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 net margin of 35.43% and a return on equity of 33.36%. During the same period last year, the company earned $2.93 EPS. On average, equities analysts anticipate that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Thursday, May 15th will be paid a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date is Thursday, May 15th. Microsoft's dividend payout ratio (DPR) is presently 26.73%.

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.

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