Microsoft Co. (NASDAQ:MSFT) Shares Purchased by TCI Wealth Advisors Inc.

TCI Wealth Advisors Inc. raised its position in Microsoft Co. (NASDAQ:MSFT) by 0.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 34,896 shares of the software giant’s stock after purchasing an additional 309 shares during the quarter. Microsoft comprises 1.2% of TCI Wealth Advisors Inc.’s investment portfolio, making the stock its 20th biggest position. TCI Wealth Advisors Inc.’s holdings in Microsoft were worth $14,709,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the company. Fiduciary Advisors Inc. purchased a new stake in shares of Microsoft in the 4th quarter valued at $38,000. Christopher J. Hasenberg Inc lifted its position in shares of Microsoft by 35.7% during the third quarter. Christopher J. Hasenberg Inc now owns 95 shares of the software giant’s stock worth $39,000 after purchasing an additional 25 shares in the last quarter. IFS Advisors LLC boosted 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 valued at $42,000 after purchasing an additional 35 shares during the period. Avondale Wealth Management grew its holdings in shares of Microsoft by 144.4% in 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 in the last quarter. Finally, MidAtlantic Capital Management Inc. acquired a new stake in Microsoft during the 3rd quarter worth approximately $62,000. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Analyst Ratings Changes

MSFT has been the subject of a number of recent research reports. Guggenheim reiterated a “neutral” rating on shares of Microsoft in a report on Friday, January 24th. DA Davidson upgraded Microsoft from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $425.00 to $450.00 in a research note on Thursday, March 13th. Mizuho cut their target price on shares of Microsoft from $510.00 to $500.00 and set an “outperform” rating on the stock in a research note on Thursday, January 30th. Morgan Stanley decreased their price target on Microsoft from $540.00 to $530.00 and set an “overweight” rating for the company in a report on Thursday, January 30th. Finally, Scotiabank initiated coverage on shares of Microsoft in a report on Thursday, March 20th. They issued a “sector outperform” rating and a $470.00 target price for the company. Three analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, Microsoft has a consensus rating of “Moderate Buy” and an average target price of $510.59.

Microsoft Stock Performance

Shares of NASDAQ:MSFT opened at $393.08 on Tuesday. The business has a fifty day moving average of $408.34 and a 200-day moving average of $419.63. The firm has a market cap of $2.92 trillion, a PE ratio of 31.65, a price-to-earnings-growth 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 twelve month low of $376.91 and a twelve month high of $468.35.

Microsoft (NASDAQ:MSFT) last announced 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 period in the prior year, the firm earned $2.93 earnings per share. On average, equities research analysts predict 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. Shareholders of record on Thursday, May 15th will be issued a dividend of $0.83 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.32 annualized dividend and a yield of 0.84%. Microsoft’s dividend payout ratio is currently 26.73%.

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.