Lifestyle Asset Management Inc. Acquires 87 Shares of Microsoft Co. (NASDAQ:MSFT)

Lifestyle Asset Management Inc. increased its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 6.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,344 shares of the software giant’s stock after acquiring an additional 87 shares during the period. Lifestyle Asset Management Inc.’s holdings in Microsoft were worth $566,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. Christopher J. Hasenberg Inc lifted its stake in shares of Microsoft by 35.7% in the third quarter. Christopher J. Hasenberg Inc now owns 95 shares of the software giant’s stock worth $39,000 after buying an additional 25 shares in the last quarter. IFS Advisors LLC lifted 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 worth $42,000 after buying an additional 35 shares in the last quarter. Quarry LP bought a new position in Microsoft during the second quarter valued at approximately $45,000. Avondale Wealth Management lifted its position in Microsoft by 144.4% during the fourth quarter. Avondale Wealth Management now owns 110 shares of the software giant’s stock valued at $46,000 after purchasing an additional 65 shares during the period. Finally, MidAtlantic Capital Management Inc. bought a new position in Microsoft during the third quarter valued at approximately $62,000. Institutional investors own 71.13% of the company’s stock.

Microsoft Trading Up 0.1 %

NASDAQ MSFT opened at $380.45 on Wednesday. The stock has a market capitalization of $2.83 trillion, a P/E ratio of 30.63, a PEG ratio of 2.21 and a beta of 0.92. Microsoft Co. has a 12 month low of $376.91 and a 12 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 firm’s 50-day moving average is $414.68 and its two-hundred day moving average is $421.30.

Microsoft (NASDAQ:MSFT) last released its earnings results 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 quarter last year, the business earned $2.93 EPS. On average, sell-side analysts anticipate that Microsoft Co. will post 13.08 earnings per share for the current year.

Microsoft Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 15th will be issued a $0.83 dividend. This represents a $3.32 annualized dividend and a dividend yield of 0.87%. Microsoft’s payout ratio is currently 26.73%.

Wall Street Analyst Weigh In

MSFT has been the subject of a number of research reports. Royal Bank of Canada reaffirmed an “outperform” rating and set a $500.00 target price on shares of Microsoft in a report on Thursday, January 30th. Guggenheim reissued a “neutral” rating on shares of Microsoft in a research note on Friday, January 24th. DA Davidson restated a “neutral” rating and set a $425.00 target price on shares of Microsoft in a research report on Thursday, January 30th. UBS Group lowered their price objective on shares of Microsoft from $525.00 to $510.00 and set a “buy” rating for the company in a research report on Thursday, January 30th. Finally, StockNews.com lowered shares of Microsoft from a “buy” rating to a “hold” rating in a research report on Friday, February 28th. Four equities 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.com, the company has an average rating of “Moderate Buy” and an average target price 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.