Syntegra Private Wealth Group LLC Increases Stock Position in Microsoft Co. (NASDAQ:MSFT)

Syntegra Private Wealth Group LLC increased its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 1.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,976 shares of the software giant’s stock after buying an additional 247 shares during the period. Microsoft comprises approximately 0.6% of Syntegra Private Wealth Group LLC’s investment portfolio, making the stock its 21st largest holding. Syntegra Private Wealth Group LLC’s holdings in Microsoft were worth $5,469,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Fiduciary Advisors Inc. acquired a new stake in Microsoft in the 4th quarter valued at about $38,000. IFS Advisors LLC raised its stake in shares of Microsoft by 53.8% in the 4th quarter. IFS Advisors LLC now owns 100 shares of the software giant’s stock valued at $42,000 after acquiring an additional 35 shares during the period. Avondale Wealth Management grew its stake in shares of Microsoft by 144.4% in the fourth quarter. Avondale Wealth Management now owns 110 shares of the software giant’s stock valued at $46,000 after buying an additional 65 shares in the last quarter. MidAtlantic Capital Management Inc. acquired a new stake in shares of Microsoft during the third quarter worth about $62,000. Finally, Kieckhefer Group LLC purchased a new position in Microsoft in the 4th quarter valued at approximately $141,000. Institutional investors and hedge funds own 71.13% of the company’s stock.

Wall Street Analysts Forecast Growth

MSFT has been the subject of a number of recent research reports. Guggenheim reiterated a “neutral” rating on shares of Microsoft in a research note on Friday, January 24th. DA Davidson upgraded shares of Microsoft from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $425.00 to $450.00 in a research note on Thursday, March 13th. Mizuho dropped their price objective on shares of Microsoft from $510.00 to $500.00 and set an “outperform” rating on the stock in a research note on Thursday, January 30th. Piper Sandler reaffirmed an “overweight” rating and set a $520.00 price objective on shares of Microsoft in a report on Monday, January 27th. Finally, UBS Group dropped their price objective on Microsoft from $525.00 to $510.00 and set a “buy” rating for the company in a research note on Thursday, January 30th. Four research 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 currently has an average rating of “Moderate Buy” and an average price target of $508.86.

Microsoft Stock Performance

Shares of NASDAQ:MSFT opened at $382.14 on Thursday. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. The firm has a market cap of $2.84 trillion, a PE ratio of 30.77, a PEG ratio of 2.21 and a beta of 0.92. The company’s 50 day moving average price is $402.24 and its two-hundred day moving average price is $418.11. Microsoft Co. has a 12-month low of $367.24 and a 12-month 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, beating 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 period in the previous year, the firm earned $2.93 EPS. Equities research analysts predict that Microsoft Co. will post 13.08 earnings per share for the current year.

Microsoft Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Thursday, May 15th will be issued a $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 0.87%. The ex-dividend date is Thursday, May 15th. Microsoft’s payout ratio is presently 26.73%.

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.