Microsoft Co. (NASDAQ:MSFT) is River Street Advisors LLC’s 7th Largest Position

River Street Advisors LLC grew its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 1.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,473 shares of the software giant’s stock after purchasing an additional 217 shares during the quarter. Microsoft accounts for 2.7% of River Street Advisors LLC’s investment portfolio, making the stock its 7th biggest position. River Street Advisors LLC’s holdings in Microsoft were worth $5,258,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently modified their holdings of the stock. BCK Partners Inc. raised its stake in Microsoft by 1.8% during the 3rd quarter. BCK Partners Inc. now owns 1,353 shares of the software giant’s stock valued at $582,000 after acquiring an additional 24 shares in the last quarter. Sequent Asset Management LLC lifted its holdings in Microsoft by 1.3% in the 3rd quarter. Sequent Asset Management LLC now owns 1,983 shares of the software giant’s stock valued at $853,000 after acquiring an additional 25 shares during the last quarter. Cypress Point Wealth Management LLC lifted its stake in Microsoft by 0.8% during the third quarter. Cypress Point Wealth Management LLC now owns 3,208 shares of the software giant’s stock valued at $1,380,000 after purchasing an additional 25 shares during the last quarter. Riverstone Advisors LLC lifted its position in shares of Microsoft by 0.6% during the 3rd quarter. Riverstone Advisors LLC now owns 4,510 shares of the software giant’s stock valued at $1,941,000 after acquiring an additional 25 shares during the last quarter. Finally, Boulder Wealth Advisors LLC boosted its position in shares of Microsoft by 1.0% in the 3rd quarter. Boulder Wealth Advisors LLC now owns 2,569 shares of the software giant’s stock valued at $1,106,000 after purchasing an additional 25 shares during the period. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Microsoft Stock Up 0.2 %

Shares of NASDAQ MSFT opened at $390.58 on Friday. Microsoft Co. has a 52-week low of $376.91 and a 52-week high of $468.35. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.34 and a current ratio of 1.35. The business has a fifty day moving average of $406.52 and a two-hundred day moving average of $419.25. The stock has a market cap of $2.90 trillion, a PE ratio of 31.45, a PEG ratio of 2.21 and a beta of 0.92.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings results on Wednesday, January 29th. The software giant reported $3.23 EPS for the quarter, beating 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 last year, the firm earned $2.93 EPS. As a group, equities research analysts expect that Microsoft Co. will post 13.08 earnings per share 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 given a $0.83 dividend. 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 26.73%.

Analysts Set New Price Targets

MSFT has been the subject of a number of recent analyst reports. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $509.00 price objective on shares of Microsoft in a research note on Wednesday, January 29th. Guggenheim reissued a “neutral” rating on shares of Microsoft in a research note on Friday, January 24th. Royal Bank of Canada reiterated an “outperform” rating and issued a $500.00 price objective on shares of Microsoft in a report on Thursday, January 30th. DA Davidson upgraded Microsoft from a “neutral” rating to a “buy” rating and increased their price target for the company from $425.00 to $450.00 in a report on Thursday, March 13th. Finally, Tigress Financial upped their price objective on shares of Microsoft from $550.00 to $595.00 and gave the stock a “buy” rating in a report on Thursday, March 20th. Three investment analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price 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.