Cedar Point Capital Partners LLC Grows Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

Cedar Point Capital Partners LLC raised its position in shares of Microsoft Co. (NASDAQ:MSFT) by 5.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,523 shares of the software giant’s stock after purchasing an additional 141 shares during the period. Microsoft makes up approximately 0.7% of Cedar Point Capital Partners LLC’s holdings, making the stock its 29th largest holding. Cedar Point Capital Partners LLC’s holdings in Microsoft were worth $1,063,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Net Worth Advisory Group bought a new position in shares of Microsoft during the third quarter valued at about $2,645,000. Oak Ridge Investments LLC grew 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 buying an additional 18,544 shares during the last quarter. Jacobs & Co. CA grew its stake in shares of Microsoft by 0.9% during the third quarter. Jacobs & Co. CA now owns 96,021 shares of the software giant’s stock valued at $41,318,000 after buying an additional 880 shares during the last quarter. Focus Financial Network Inc. grew its stake in shares of Microsoft by 2.0% during the third quarter. Focus Financial Network Inc. now owns 76,296 shares of the software giant’s stock valued at $32,830,000 after buying an additional 1,489 shares during the last quarter. Finally, Campbell Wealth Management bought a new position in shares of Microsoft during the third quarter valued at about $3,314,000. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Guggenheim reissued a “neutral” rating on shares of Microsoft in a research note on Friday, January 24th. StockNews.com cut Microsoft from a “buy” rating to a “hold” rating in a research note on Friday, February 28th. DA Davidson reissued a “neutral” rating and issued a $425.00 target price on shares of Microsoft in a research note on Thursday, January 30th. Piper Sandler reissued an “overweight” rating and issued a $520.00 target price on shares of Microsoft in a research note on Monday, January 27th. Finally, Morgan Stanley cut their target price on Microsoft from $540.00 to $530.00 and set an “overweight” rating on the stock in a research note on Thursday, January 30th. Four research analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $509.54.

Microsoft Price Performance

MSFT stock opened at $380.45 on Wednesday. Microsoft Co. has a 52-week low of $376.91 and a 52-week high of $468.35. The firm has a market capitalization of $2.83 trillion, a price-to-earnings ratio of 30.63, a PEG ratio of 2.21 and a beta of 0.92. The firm has a 50 day moving average price of $414.68 and a 200-day moving average price of $421.30. 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 (NASDAQ:MSFT) last announced 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 net margin of 35.43% and a return on equity of 33.36%. During the same period last year, the company posted $2.93 earnings per share. Equities research analysts forecast that Microsoft Co. will post 13.08 EPS for the current fiscal year.

Microsoft Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Thursday, May 15th will be issued a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a yield of 0.87%. Microsoft’s 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.