SYM FINANCIAL Corp Grows Position in Microsoft Co. (NASDAQ:MSFT)

SYM FINANCIAL Corp grew its position in Microsoft Co. (NASDAQ:MSFT) by 172.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 22,215 shares of the software giant’s stock after acquiring an additional 14,071 shares during the quarter. Microsoft accounts for 1.2% of SYM FINANCIAL Corp’s portfolio, making the stock its 13th biggest holding. SYM FINANCIAL Corp’s holdings in Microsoft were worth $9,363,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Fiduciary Advisors Inc. purchased a new stake in shares of Microsoft in the fourth quarter worth approximately $38,000. Christopher J. Hasenberg Inc grew its position in Microsoft by 35.7% in the 3rd quarter. Christopher J. Hasenberg Inc now owns 95 shares of the software giant’s stock valued at $39,000 after acquiring an additional 25 shares during the last quarter. IFS Advisors LLC increased its stake in 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 purchasing an additional 35 shares during the period. Avondale Wealth Management lifted its position in shares of Microsoft by 144.4% during the fourth quarter. Avondale Wealth Management now owns 110 shares of the software giant’s stock worth $46,000 after purchasing an additional 65 shares during the last quarter. Finally, MidAtlantic Capital Management Inc. purchased a new stake in shares of Microsoft during the third quarter valued at $62,000. 71.13% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

MSFT has been the subject of several research analyst reports. Scotiabank began coverage on shares of Microsoft in a research note on Thursday, March 20th. They set a “sector outperform” rating and a $470.00 price target for the company. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $509.00 target price on shares of Microsoft in a research report on Wednesday, January 29th. Loop Capital increased their price target on Microsoft from $500.00 to $550.00 and gave the stock a “buy” rating in a research report on Monday, December 23rd. Stifel Nicolaus cut their price target on Microsoft from $515.00 to $475.00 and set a “buy” rating on the stock in a research note on Friday, March 7th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $500.00 price objective on shares of Microsoft in a research note on Thursday, January 30th. Three equities research analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $510.59.

Microsoft Trading Down 1.3 %

Microsoft stock opened at $389.97 on Thursday. Microsoft Co. has a 12 month low of $376.91 and a 12 month high of $468.35. The stock has a market cap of $2.90 trillion, a price-to-earnings ratio of 31.40, a price-to-earnings-growth ratio of 2.21 and a beta of 0.92. The business has a 50 day moving average price of $407.20 and a two-hundred day moving average price of $419.45. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 0.13.

Microsoft (NASDAQ:MSFT) last issued its earnings results 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 period in the previous year, the firm posted $2.93 earnings per share. As a group, equities analysts forecast that Microsoft Co. will post 13.08 EPS 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 issued a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a yield of 0.85%. The ex-dividend date is Thursday, May 15th. Microsoft’s dividend payout ratio is 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.