Money Concepts Capital Corp Has $29.68 Million Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

Money Concepts Capital Corp increased its holdings in Microsoft Co. (NASDAQ:MSFT) by 1.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 70,420 shares of the software giant’s stock after purchasing an additional 957 shares during the quarter. Microsoft makes up 2.2% of Money Concepts Capital Corp’s investment portfolio, making the stock its 8th biggest holding. Money Concepts Capital Corp’s holdings in Microsoft were worth $29,682,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Net Worth Advisory Group bought a new stake in shares of Microsoft in the 3rd quarter valued at $2,645,000. Adamsbrown Wealth Consultants LLC lifted its holdings in Microsoft by 2.2% in the fourth quarter. Adamsbrown Wealth Consultants LLC now owns 5,967 shares of the software giant’s stock valued at $2,515,000 after buying an additional 130 shares during the period. Oak Ridge Investments LLC boosted its position in Microsoft by 7.6% during the third quarter. Oak Ridge Investments LLC now owns 263,534 shares of the software giant’s stock valued at $113,399,000 after acquiring an additional 18,544 shares during the last quarter. Focus Financial Network Inc. grew its holdings in Microsoft by 2.0% during the 3rd quarter. Focus Financial Network Inc. now owns 76,296 shares of the software giant’s stock worth $32,830,000 after acquiring an additional 1,489 shares during the period. Finally, Campbell Wealth Management bought a new position in shares of Microsoft in the 3rd quarter worth about $3,314,000. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Westpark Capital assumed coverage on Microsoft in a research report on Tuesday. They set a “hold” rating on the stock. Stifel Nicolaus reduced their price objective on shares of Microsoft from $515.00 to $475.00 and set a “buy” rating for the company in a research report on Friday, March 7th. Wedbush reiterated an “outperform” rating and set a $550.00 target price on shares of Microsoft in a research report on Thursday, March 20th. Mizuho reduced their price target on shares of Microsoft from $510.00 to $500.00 and set an “outperform” rating for the company in a report on Thursday, January 30th. Finally, StockNews.com lowered shares of Microsoft from a “buy” rating to a “hold” rating in a report on Friday, February 28th. Four analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $508.86.

Microsoft Stock Performance

NASDAQ MSFT opened at $382.19 on Wednesday. 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 company has a market capitalization of $2.84 trillion, a PE ratio of 30.77, a price-to-earnings-growth ratio of 2.21 and a beta of 0.92. Microsoft Co. has a 52-week low of $367.24 and a 52-week high of $468.35. The company has a 50-day simple moving average of $403.52 and a 200 day simple moving average of $418.45.

Microsoft (NASDAQ:MSFT) last posted its quarterly 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 net margin of 35.43% and a return on equity of 33.36%. During the same period in the previous year, the firm posted $2.93 EPS. On average, research analysts predict that Microsoft Co. will post 13.08 EPS for the current year.

Microsoft Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 15th will be paid 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 dividend yield of 0.87%. Microsoft’s 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.