Acropolis Investment Management LLC Buys 1,060 Shares of Microsoft Co. (NASDAQ:MSFT)

Acropolis Investment Management LLC lifted its position in Microsoft Co. (NASDAQ:MSFT) by 5.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,610 shares of the software giant’s stock after purchasing an additional 1,060 shares during the quarter. Microsoft accounts for 0.5% of Acropolis Investment Management LLC’s portfolio, making the stock its 26th largest position. Acropolis Investment Management LLC’s holdings in Microsoft were worth $8,266,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in MSFT. BCK Partners Inc. boosted its position in shares of Microsoft by 1.8% during the 3rd quarter. BCK Partners Inc. now owns 1,353 shares of the software giant’s stock valued at $582,000 after acquiring an additional 24 shares during the last quarter. Conscious Wealth Investments LLC raised its stake in Microsoft by 0.4% in the second quarter. Conscious Wealth Investments LLC now owns 6,986 shares of the software giant’s stock valued at $3,108,000 after purchasing an additional 25 shares in the last quarter. Global Wealth Strategies & Associates lifted its position in Microsoft by 0.8% during the third quarter. Global Wealth Strategies & Associates now owns 2,997 shares of the software giant’s stock valued at $1,290,000 after purchasing an additional 25 shares during the last quarter. Christopher J. Hasenberg Inc grew its stake in Microsoft by 35.7% in the 3rd quarter. Christopher J. Hasenberg Inc now owns 95 shares of the software giant’s stock worth $39,000 after buying an additional 25 shares in the last quarter. Finally, Sequent Asset Management LLC increased its holdings in shares of Microsoft by 1.3% in the 3rd quarter. Sequent Asset Management LLC now owns 1,983 shares of the software giant’s stock worth $853,000 after buying an additional 25 shares during the last quarter. Institutional investors and hedge funds own 71.13% of the company’s stock.

Insider Activity

In related news, CMO Takeshi Numoto sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $447.41, for a total value of $1,118,525.00. Following the transaction, the chief marketing officer now directly owns 49,352 shares of the company’s stock, valued at approximately $22,080,578.32. The trade was a 4.82 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last ninety days, insiders sold 8,000 shares of company stock worth $3,493,820. Insiders own 0.03% of the company’s stock.

Microsoft Trading Down 1.0 %

Shares of MSFT opened at $404.00 on Tuesday. Microsoft Co. has a 1-year low of $385.58 and a 1-year high of $468.35. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.13. The firm’s 50-day moving average price is $424.25 and its 200-day moving average price is $423.08. The firm has a market capitalization of $3.00 trillion, a price-to-earnings ratio of 32.53, a PEG ratio of 2.21 and a beta of 0.90.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings data on Wednesday, January 29th. The software giant reported $3.23 earnings per share for the quarter, beating the consensus estimate 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 previous year, the business posted $2.93 EPS. Sell-side analysts anticipate that Microsoft Co. will post 13.08 EPS for the current year.

Microsoft Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 20th will be paid a $0.83 dividend. The ex-dividend date is Thursday, February 20th. This represents a $3.32 annualized dividend and a yield of 0.82%. Microsoft’s payout ratio is 26.73%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on MSFT. Guggenheim reaffirmed a “neutral” rating on shares of Microsoft in a report on Friday, January 24th. Wedbush reaffirmed an “outperform” rating and set a $550.00 price target on shares of Microsoft in a research note on Tuesday, November 19th. TD Cowen cut their price objective on Microsoft from $495.00 to $475.00 and set a “buy” rating for the company in a report on Thursday, October 31st. Cantor Fitzgerald reissued an “overweight” rating and set a $509.00 price objective on shares of Microsoft in a report on Wednesday, January 29th. Finally, Truist Financial reaffirmed a “buy” rating and issued a $600.00 target price on shares of Microsoft in a research note on Monday, October 28th. Three analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $510.96.

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.