Microsoft Co. (NASDAQ:MSFT) Shares Acquired by Cassia Capital Partners LLC

Cassia Capital Partners LLC boosted its holdings in Microsoft Co. (NASDAQ:MSFT) by 31.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,235 shares of the software giant’s stock after purchasing an additional 1,006 shares during the quarter. Microsoft makes up 1.1% of Cassia Capital Partners LLC’s portfolio, making the stock its 14th biggest holding. Cassia Capital Partners LLC’s holdings in Microsoft were worth $1,785,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. 1858 Wealth Management LLC raised its stake in Microsoft by 1.2% during the fourth quarter. 1858 Wealth Management LLC now owns 16,210 shares of the software giant’s stock worth $6,833,000 after purchasing an additional 185 shares during the period. Redwood Wealth Management Group LLC grew its stake in shares of Microsoft by 11.2% during the 4th quarter. Redwood Wealth Management Group LLC now owns 12,260 shares of the software giant’s stock valued at $5,170,000 after buying an additional 1,239 shares during the period. Tanager Wealth Management LLP increased its holdings in shares of Microsoft by 2.2% during the 4th quarter. Tanager Wealth Management LLP now owns 23,186 shares of the software giant’s stock worth $9,771,000 after buying an additional 492 shares during the last quarter. Ninety One UK Ltd raised its position in shares of Microsoft by 2.3% in the 4th quarter. Ninety One UK Ltd now owns 6,556,617 shares of the software giant’s stock worth $2,763,614,000 after buying an additional 147,660 shares during the period. Finally, RFG Holdings Inc. boosted its holdings in Microsoft by 14.7% in the fourth quarter. RFG Holdings Inc. now owns 3,049 shares of the software giant’s stock valued at $1,288,000 after acquiring an additional 390 shares during the last quarter. 71.13% of the stock is currently owned by hedge funds and other institutional investors.

Microsoft Stock Performance

Shares of MSFT stock opened at $375.39 on Tuesday. The stock has a market capitalization of $2.79 trillion, a price-to-earnings ratio of 30.22, a PEG ratio of 2.21 and a beta of 0.92. Microsoft Co. has a one year low of $367.24 and a one year high of $468.35. The company’s 50-day simple moving average is $404.45 and its 200-day simple moving average is $418.77. 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 (NASDAQ:MSFT) last released its earnings results on Wednesday, January 29th. The software giant reported $3.23 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 in the prior year, the firm posted $2.93 EPS. Equities analysts anticipate that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

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

Analyst Ratings Changes

Several equities research analysts have commented on the company. StockNews.com downgraded Microsoft from a “buy” rating to a “hold” rating in a report on Friday, February 28th. Tigress Financial raised their price target on shares of Microsoft from $550.00 to $595.00 and gave the company a “buy” rating in a report on Thursday, March 20th. Loop Capital lifted their price target on shares of Microsoft from $500.00 to $550.00 and gave the company a “buy” rating in a research report on Monday, December 23rd. Royal Bank of Canada reissued an “outperform” rating and issued a $500.00 price objective on shares of Microsoft in a research report on Thursday, January 30th. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $509.00 target price 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 given a buy rating to the stock. According to MarketBeat.com, Microsoft currently has a consensus rating of “Moderate Buy” and an average price target of $508.86.

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.