Enzi Wealth Grows Holdings in Microsoft Co. (NASDAQ:MSFT)

Enzi Wealth grew its stake in Microsoft Co. (NASDAQ:MSFT) by 3.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 1,800 shares of the software giant’s stock after acquiring an additional 55 shares during the period. Microsoft comprises 0.3% of Enzi Wealth’s investment portfolio, making the stock its 28th biggest holding. Enzi Wealth’s holdings in Microsoft were worth $803,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Christopher J. Hasenberg Inc increased its stake in Microsoft by 35.7% during the 3rd quarter. Christopher J. Hasenberg Inc now owns 95 shares of the software giant’s stock worth $39,000 after buying an additional 25 shares during the period. IFS Advisors LLC increased its stake in Microsoft by 53.8% during the 4th quarter. IFS Advisors LLC now owns 100 shares of the software giant’s stock worth $42,000 after buying an additional 35 shares during the period. Avondale Wealth Management increased its stake in Microsoft by 144.4% during the 4th quarter. Avondale Wealth Management now owns 110 shares of the software giant’s stock worth $46,000 after buying an additional 65 shares during the period. MidAtlantic Capital Management Inc. purchased a new stake in Microsoft during the 3rd quarter worth approximately $62,000. Finally, Kieckhefer Group LLC purchased a new stake in Microsoft during the 4th quarter worth approximately $141,000. 71.13% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have commented on MSFT. Stifel Nicolaus lowered their price target on shares of Microsoft from $515.00 to $475.00 and set a “buy” rating for the company in a report on Friday, March 7th. StockNews.com cut shares of Microsoft from a “buy” rating to a “hold” rating in a report on Friday, February 28th. Mizuho lowered their price target on shares of Microsoft from $510.00 to $500.00 and set an “outperform” rating for the company in a report on Thursday, January 30th. Guggenheim reiterated a “neutral” rating on shares of Microsoft in a report on Friday, January 24th. Finally, Loop Capital boosted their price target on shares of Microsoft from $500.00 to $550.00 and gave the stock a “buy” rating in a report on Monday, December 23rd. Three investment analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $510.59.

Microsoft Stock Up 1.1 %

Shares of Microsoft stock opened at $391.26 on Friday. The company has a market cap of $2.91 trillion, a P/E ratio of 31.50, a PEG ratio of 2.21 and a beta of 0.92. 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 Co. has a one year low of $376.91 and a one year high of $468.35. The firm has a fifty day moving average of $408.82 and a two-hundred day moving average of $419.67.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Wednesday, January 29th. The software giant reported $3.23 EPS 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 in the prior year, the company posted $2.93 earnings per share. On average, analysts forecast 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. Shareholders 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 dividend on an annualized basis and a yield of 0.85%. Microsoft’s payout ratio is currently 26.73%.

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.