Microsoft Co. (NASDAQ:MSFT) Shares Acquired by Spinnaker Investment Group LLC

Spinnaker Investment Group LLC lifted its position in Microsoft Co. (NASDAQ:MSFT) by 47.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 72,185 shares of the software giant’s stock after purchasing an additional 23,352 shares during the quarter. Microsoft accounts for 7.3% of Spinnaker Investment Group LLC’s portfolio, making the stock its 5th largest position. Spinnaker Investment Group LLC’s holdings in Microsoft were worth $30,426,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Net Worth Advisory Group bought a new stake in shares of Microsoft during the third quarter worth $2,645,000. Oak Ridge Investments LLC grew its holdings 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 worth $113,399,000 after purchasing an additional 18,544 shares during the last quarter. Jacobs & Co. CA grew its holdings 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 worth $41,318,000 after purchasing an additional 880 shares during the last quarter. Focus Financial Network Inc. boosted its holdings in Microsoft by 2.0% in the third quarter. Focus Financial Network Inc. now owns 76,296 shares of the software giant’s stock valued at $32,830,000 after acquiring an additional 1,489 shares during the last quarter. Finally, Campbell Wealth Management bought a new position in Microsoft in the third quarter valued at about $3,314,000. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Microsoft Price Performance

Shares of MSFT opened at $380.45 on Wednesday. Microsoft Co. has a 1 year low of $376.91 and a 1 year 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 company has a market capitalization 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 business has a 50-day moving average of $414.68 and a 200-day moving average of $421.30.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings data on Wednesday, January 29th. The software giant reported $3.23 earnings per share (EPS) 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 quarter in the prior year, the business earned $2.93 earnings per share. As a group, equities research analysts anticipate that Microsoft Co. will post 13.08 earnings per share for the current year.

Microsoft Announces Dividend

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

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Morgan Stanley decreased their price target on Microsoft from $540.00 to $530.00 and set an “overweight” rating on the stock in a report on Thursday, January 30th. Royal Bank of Canada reiterated an “outperform” rating and issued a $500.00 price target on shares of Microsoft in a report on Thursday, January 30th. Piper Sandler reiterated an “overweight” rating and issued a $520.00 price target on shares of Microsoft in a report on Monday, January 27th. Loop Capital raised their price target on Microsoft from $500.00 to $550.00 and gave the company a “buy” rating in a report on Monday, December 23rd. Finally, Stifel Nicolaus decreased their price objective on Microsoft from $515.00 to $475.00 and set a “buy” rating for the company in a research report on Friday, March 7th. Four analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $509.54.

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.