Microsoft Co. (NASDAQ:MSFT) Position Raised by Capital Investment Services of America Inc.

Capital Investment Services of America Inc. boosted its position in Microsoft Co. (NASDAQ:MSFT) by 0.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 114,178 shares of the software giant’s stock after purchasing an additional 44 shares during the period. Microsoft comprises 4.6% of Capital Investment Services of America Inc.’s portfolio, making the stock its 3rd biggest holding. Capital Investment Services of America Inc.’s holdings in Microsoft were worth $48,126,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Net Worth Advisory Group bought a new stake in shares of Microsoft in the third quarter worth about $2,645,000. Adamsbrown Wealth Consultants LLC lifted its stake in shares of Microsoft by 2.2% during the 4th quarter. Adamsbrown Wealth Consultants LLC now owns 5,967 shares of the software giant’s stock worth $2,515,000 after acquiring an additional 130 shares during the last quarter. Oak Ridge Investments LLC increased its stake in Microsoft by 7.6% in the 3rd quarter. Oak Ridge Investments LLC now owns 263,534 shares of the software giant’s stock worth $113,399,000 after buying an additional 18,544 shares during the period. Focus Financial Network Inc. grew its stake in Microsoft by 2.0% in the third quarter. Focus Financial Network Inc. now owns 76,296 shares of the software giant’s stock worth $32,830,000 after purchasing an additional 1,489 shares in the last quarter. Finally, Campbell Wealth Management purchased a new stake in Microsoft in the third quarter worth about $3,314,000. 71.13% of the stock is owned by hedge funds and other institutional investors.

Microsoft Price Performance

Shares of NASDAQ MSFT opened at $382.14 on Thursday. The company has a market capitalization of $2.84 trillion, a price-to-earnings ratio of 30.77, a PEG ratio of 2.21 and a beta of 0.92. Microsoft Co. has a 1-year low of $367.24 and a 1-year high of $468.35. The business has a 50-day moving average of $402.24 and a 200-day moving average of $418.11. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.34.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share 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 quarter last year, the business posted $2.93 earnings per share. On average, equities analysts anticipate that Microsoft Co. will post 13.08 EPS for the current fiscal year.

Microsoft Dividend Announcement

The firm also recently announced 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. This represents a $3.32 annualized dividend and a dividend yield of 0.87%. The ex-dividend date of this dividend is Thursday, May 15th. Microsoft’s dividend payout ratio (DPR) is currently 26.73%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Tigress Financial lifted their target price on Microsoft from $550.00 to $595.00 and gave the company a “buy” rating in a research note on Thursday, March 20th. Guggenheim reaffirmed a “neutral” rating on shares of Microsoft in a research report on Friday, January 24th. StockNews.com cut Microsoft from a “buy” rating to a “hold” rating in a report on Friday, February 28th. Wedbush reiterated an “outperform” rating and issued a $550.00 price objective on shares of Microsoft in a report on Thursday, March 20th. Finally, Mizuho cut their price objective 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. Four research analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the stock. According to data from MarketBeat.com, Microsoft has an average rating of “Moderate Buy” and a consensus price target of $508.86.

About Microsoft

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.