Ameliora Wealth Management Ltd. Purchases 1,087 Shares of Microsoft Co. (NASDAQ:MSFT)

Ameliora Wealth Management Ltd. boosted its position in Microsoft Co. (NASDAQ:MSFT) by 8.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 13,885 shares of the software giant’s stock after acquiring an additional 1,087 shares during the period. Microsoft accounts for approximately 2.2% of Ameliora Wealth Management Ltd.’s portfolio, making the stock its 13th largest holding. Ameliora Wealth Management Ltd.’s holdings in Microsoft were worth $5,853,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in shares of Microsoft by 1.9% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 1,169,130 shares of the software giant’s stock valued at $492,788,000 after purchasing an additional 21,272 shares during the period. Telligent Fund LP purchased a new position in Microsoft in the 4th quarter valued at approximately $7,166,000. RNC Capital Management LLC raised its holdings in Microsoft by 4.3% during the 4th quarter. RNC Capital Management LLC now owns 72,511 shares of the software giant’s stock valued at $30,563,000 after acquiring an additional 3,017 shares during the period. Tandem Financial LLC bought a new position in shares of Microsoft in the fourth quarter worth $2,123,000. Finally, Socha Financial Group LLC purchased a new position in shares of Microsoft in the fourth quarter valued at $209,000. Institutional investors own 71.13% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on MSFT. Royal Bank of Canada restated an “outperform” rating and issued a $500.00 target price on shares of Microsoft in a research note on Thursday, January 30th. StockNews.com cut shares of Microsoft from a “buy” rating to a “hold” rating in a research note on Friday, February 28th. Wedbush reaffirmed an “outperform” rating and set a $550.00 target price on shares of Microsoft in a report on Thursday, March 20th. Morgan Stanley cut their price target 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. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $509.00 price target on shares of Microsoft in a report on Wednesday, January 29th. Four equities research analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $508.86.

Microsoft Trading Down 3.6 %

NASDAQ:MSFT opened at $359.84 on Friday. The firm has a market capitalization of $2.68 trillion, a P/E ratio of 28.97, a P/E/G ratio of 2.21 and a beta of 1.00. 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 company has a fifty day moving average of $399.08 and a 200 day moving average of $417.40. Microsoft Co. has a 52 week low of $359.48 and a 52 week high of $468.35.

Microsoft (NASDAQ:MSFT) last posted its earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share 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 quarter last year, the company earned $2.93 earnings per share. On average, research analysts predict that Microsoft Co. will post 13.08 earnings per share for the current year.

Microsoft Announces Dividend

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. The ex-dividend date is Thursday, May 15th. This represents a $3.32 annualized dividend and a dividend yield of 0.92%. Microsoft’s dividend payout ratio (DPR) is presently 26.73%.

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.