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

DMC Group LLC lifted its holdings in Microsoft Co. (NASDAQ:MSFT) by 2.5% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 8,947 shares of the software giant’s stock after purchasing an additional 216 shares during the quarter. Microsoft accounts for approximately 3.1% of DMC Group LLC’s holdings, making the stock its 3rd largest position. DMC Group LLC’s holdings in Microsoft were worth $3,771,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Net Worth Advisory Group purchased a new stake in shares of Microsoft during the third quarter valued at $2,645,000. Oak Ridge Investments LLC increased its position in Microsoft by 7.6% in the 3rd 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. Focus Financial Network Inc. increased its position in Microsoft by 2.0% in the 3rd quarter. Focus Financial Network Inc. now owns 76,296 shares of the software giant’s stock worth $32,830,000 after purchasing an additional 1,489 shares during the last quarter. Campbell Wealth Management acquired a new position in Microsoft in the 3rd quarter worth about $3,314,000. Finally, Evernest Financial Advisors LLC increased its position in Microsoft by 389.2% in the 3rd quarter. Evernest Financial Advisors LLC now owns 53,770 shares of the software giant’s stock worth $23,137,000 after purchasing an additional 42,778 shares during the last quarter. Institutional investors own 71.13% of the company’s stock.

Microsoft Price Performance

Microsoft stock opened at $391.26 on Friday. 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 $2.91 trillion, a PE ratio of 31.50, a price-to-earnings-growth ratio of 2.21 and a beta of 0.92. Microsoft Co. has a one year low of $376.91 and a one year high of $468.35. The business has a 50 day simple moving average of $408.82 and a 200 day simple moving average of $419.67.

Microsoft (NASDAQ:MSFT) last posted its earnings results on Wednesday, January 29th. The software giant reported $3.23 EPS for the quarter, topping the consensus estimate 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 firm posted $2.93 earnings per share. On average, sell-side analysts forecast that Microsoft Co. will post 13.08 EPS for the current fiscal year.

Microsoft Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 15th will be paid a $0.83 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.32 annualized dividend and a dividend yield of 0.85%. Microsoft’s dividend payout ratio (DPR) is currently 26.73%.

Analyst Ratings Changes

MSFT has been the topic of several research reports. Piper Sandler reaffirmed an “overweight” rating and issued a $520.00 target price on shares of Microsoft in a research report on Monday, January 27th. Morgan Stanley lowered their price objective on Microsoft from $540.00 to $530.00 and set an “overweight” rating on the stock in a report on Thursday, January 30th. UBS Group lowered their price objective on Microsoft from $525.00 to $510.00 and set a “buy” rating on the stock in a report on Thursday, January 30th. Wedbush reissued an “outperform” rating and set a $550.00 price objective on shares of Microsoft in a report on Thursday. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $509.00 price objective on shares of Microsoft in a report on Wednesday, January 29th. Three analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $510.59.

Microsoft 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.