Microsoft Co. (NASDAQ:MSFT) Shares Purchased by Patron Partners LLC

Patron Partners LLC grew its position in shares of Microsoft Co. (NASDAQ:MSFT) by 1.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,131 shares of the software giant’s stock after purchasing an additional 236 shares during the period. Microsoft accounts for about 3.0% of Patron Partners LLC’s investment portfolio, making the stock its 5th largest position. Patron Partners LLC’s holdings in Microsoft were worth $5,535,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. WFA Asset Management Corp raised its stake in Microsoft by 27.0% during the first quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant’s stock worth $427,000 after purchasing an additional 216 shares during the period. Ironwood Wealth Management LLC. grew its position in Microsoft by 0.3% in the second quarter. Ironwood Wealth Management LLC. now owns 12,658 shares of the software giant’s stock valued at $5,658,000 after acquiring an additional 38 shares in the last quarter. AMF Tjanstepension AB lifted its holdings in Microsoft by 1.8% in the 3rd quarter. AMF Tjanstepension AB now owns 2,799,261 shares of the software giant’s stock worth $1,204,664,000 after buying an additional 49,735 shares in the last quarter. Exchange Traded Concepts LLC boosted its holdings in Microsoft by 41.3% in the third quarter. Exchange Traded Concepts LLC now owns 173,303 shares of the software giant’s stock valued at $74,572,000 after purchasing an additional 50,630 shares during the last quarter. Finally, MorganRosel Wealth Management LLC grew its position in shares of Microsoft by 3.2% during the third quarter. MorganRosel Wealth Management LLC now owns 5,631 shares of the software giant’s stock worth $2,423,000 after buying an additional 175 shares in the last quarter. 71.13% of the stock is currently owned by hedge funds and other institutional investors.

Microsoft Stock Down 3.0 %

Shares of MSFT stock opened at $378.80 on Monday. 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 stock has a market cap of $2.82 trillion, a PE ratio of 30.50, a price-to-earnings-growth ratio of 2.21 and a beta of 0.92. The business’s fifty day moving average is $405.52 and its 200-day moving average is $419.10. Microsoft Co. has a 1 year low of $376.91 and a 1 year high of $468.35.

Microsoft (NASDAQ:MSFT) last released 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 quarter last year, the company earned $2.93 EPS. Equities analysts expect that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Thursday, May 15th will be paid a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a yield of 0.88%. The ex-dividend date is Thursday, May 15th. Microsoft’s dividend payout ratio is presently 26.73%.

Wall Street Analyst Weigh In

MSFT has been the topic of several research analyst reports. Tigress Financial increased their price target on shares of Microsoft from $550.00 to $595.00 and gave the stock a “buy” rating in a research report on Thursday, March 20th. Guggenheim reaffirmed a “neutral” rating on shares of Microsoft in a report on Friday, January 24th. StockNews.com lowered Microsoft from a “buy” rating to a “hold” rating in a research report on Friday, February 28th. Scotiabank assumed coverage on Microsoft in a research report on Thursday, March 20th. They set a “sector outperform” rating and a $470.00 price target on the stock. Finally, Morgan Stanley decreased their price objective on shares of Microsoft from $540.00 to $530.00 and set an “overweight” rating for the company in a report on Thursday, January 30th. Three research analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the stock. According to MarketBeat, Microsoft presently has a consensus rating of “Moderate Buy” and a consensus price target of $510.59.

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.