UNICOM Systems Inc. Makes New $4.97 Million Investment in Microsoft Co. (NASDAQ:MSFT)

UNICOM Systems Inc. purchased a new position in Microsoft Co. (NASDAQ:MSFT - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 11,800 shares of the software giant's stock, valued at approximately $4,974,000. Microsoft accounts for about 1.2% of UNICOM Systems Inc.'s portfolio, making the stock its 13th largest holding.

Other hedge funds have also recently bought and sold shares of the company. Adamsbrown Wealth Consultants LLC raised its position in shares of Microsoft by 2.2% during the 4th quarter. Adamsbrown Wealth Consultants LLC now owns 5,967 shares of the software giant's stock worth $2,515,000 after purchasing an additional 130 shares during the last quarter. Oak Ridge Investments LLC boosted its stake in shares of Microsoft by 7.6% during the third quarter. Oak Ridge Investments LLC now owns 263,534 shares of the software giant's stock valued at $113,399,000 after acquiring an additional 18,544 shares during the last quarter. Focus Financial Network Inc. increased its position in Microsoft by 2.0% during the 3rd quarter. Focus Financial Network Inc. now owns 76,296 shares of the software giant's stock worth $32,830,000 after purchasing an additional 1,489 shares in the last quarter. Campbell Wealth Management acquired a new position in Microsoft in the 3rd quarter valued at about $3,314,000. Finally, Evernest Financial Advisors LLC lifted its holdings in Microsoft by 389.2% in the 3rd quarter. Evernest Financial Advisors LLC now owns 53,770 shares of the software giant's stock valued at $23,137,000 after purchasing an additional 42,778 shares in the last quarter. 71.13% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on MSFT. Royal Bank of Canada reissued an "outperform" rating and set a $500.00 price objective on shares of Microsoft in a research note on Thursday, January 30th. Piper Sandler reiterated an "overweight" rating and issued a $520.00 target price on shares of Microsoft in a research note on Monday, January 27th. UBS Group lowered their price target on Microsoft from $510.00 to $480.00 and set a "buy" rating for the company in a report on Monday. Jefferies Financial Group reissued a "buy" rating and issued a $475.00 target price (down from $500.00) on shares of Microsoft in a research report on Monday, April 7th. Finally, Guggenheim reaffirmed a "neutral" rating on shares of Microsoft in a research report on Friday, January 24th. Four research analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Microsoft currently has a consensus rating of "Moderate Buy" and a consensus price target of $503.86.

Microsoft Stock Performance

NASDAQ MSFT traded down $0.12 during trading hours on Tuesday, reaching $387.69. The company's stock had a trading volume of 2,355,474 shares, compared to its average volume of 21,173,490. 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 business has a 50-day simple moving average of $391.38 and a 200 day simple moving average of $414.11. Microsoft Co. has a 52 week low of $344.79 and a 52 week high of $468.35. The stock has a market cap of $2.88 trillion, a PE ratio of 31.15, a PEG ratio of 2.21 and a beta of 1.00.

Microsoft (NASDAQ:MSFT - Get Free Report) last announced 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 return on equity of 33.36% and a net margin of 35.43%. During the same period in the prior year, the business posted $2.93 EPS. Equities research analysts predict that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The company also recently declared 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. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.32 annualized dividend and a dividend yield of 0.86%. Microsoft's dividend payout ratio is currently 26.73%.

About Microsoft

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.