Verde Capital Management Acquires 1,241 Shares of Microsoft Co. (NASDAQ:MSFT)

Verde Capital Management raised its holdings in Microsoft Co. (NASDAQ:MSFT - Free Report) by 50.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,705 shares of the software giant's stock after buying an additional 1,241 shares during the quarter. Verde Capital Management's holdings in Microsoft were worth $1,562,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in MSFT. Seros Financial LLC bought a new stake in shares of Microsoft during the fourth quarter valued at approximately $1,247,000. Red Door Wealth Management LLC boosted its position in shares of Microsoft by 7.5% during the fourth quarter. Red Door Wealth Management LLC now owns 59,388 shares of the software giant's stock valued at $25,032,000 after purchasing an additional 4,155 shares in the last quarter. Madrona Financial Services LLC boosted its position in shares of Microsoft by 0.6% during the fourth quarter. Madrona Financial Services LLC now owns 60,433 shares of the software giant's stock valued at $25,472,000 after purchasing an additional 358 shares in the last quarter. Cardinal Capital Management Inc. boosted its position in shares of Microsoft by 5.1% during the fourth quarter. Cardinal Capital Management Inc. now owns 935 shares of the software giant's stock valued at $394,000 after purchasing an additional 45 shares in the last quarter. Finally, Cedar Point Capital Partners LLC boosted its position in shares of Microsoft by 5.9% during the fourth quarter. Cedar Point Capital Partners LLC now owns 2,523 shares of the software giant's stock valued at $1,063,000 after purchasing an additional 141 shares in the last quarter. 71.13% of the stock is currently owned by institutional investors.

Microsoft Stock Performance

NASDAQ MSFT opened at $380.45 on Wednesday. The firm has a market cap of $2.83 trillion, a price-to-earnings ratio of 30.63, a price-to-earnings-growth ratio of 2.21 and a beta of 0.92. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. The business has a 50-day moving average price of $414.68 and a 200-day moving average price of $421.30. Microsoft Co. has a twelve month low of $376.91 and a twelve month high of $468.35.

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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 for the quarter, topping analysts' consensus estimates 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 last year, the business earned $2.93 earnings per share. As a group, equities research analysts predict that Microsoft Co. will post 13.08 EPS for the current fiscal year.

Microsoft Dividend Announcement

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 given a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.87%. Microsoft's dividend payout ratio is currently 26.73%.

Analyst Ratings Changes

A number of research analysts have issued reports on MSFT shares. StockNews.com cut Microsoft from a "buy" rating to a "hold" rating in a research note on Friday, February 28th. Cantor Fitzgerald restated an "overweight" rating and issued a $509.00 price target on shares of Microsoft in a research note on Wednesday, January 29th. Mizuho decreased their price target on Microsoft from $510.00 to $500.00 and set an "outperform" rating for the company in a research note on Thursday, January 30th. Morgan Stanley decreased their price target on Microsoft from $540.00 to $530.00 and set an "overweight" rating for the company in a research note on Thursday, January 30th. Finally, Loop Capital boosted their price target on Microsoft from $500.00 to $550.00 and gave the stock a "buy" rating in a research note on Monday, December 23rd. Four research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the stock. According to data from MarketBeat, Microsoft presently has an average rating of "Moderate Buy" and a consensus price target of $509.54.

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.

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