Microsoft Co. (NASDAQ:MSFT) is Bennett Selby Investments LP’s 10th Largest Position

Bennett Selby Investments LP grew its position in Microsoft Co. (NASDAQ:MSFT) by 0.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 18,861 shares of the software giant’s stock after acquiring an additional 104 shares during the period. Microsoft comprises approximately 3.2% of Bennett Selby Investments LP’s investment portfolio, making the stock its 10th biggest position. Bennett Selby Investments LP’s holdings in Microsoft were worth $7,950,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. WFA Asset Management Corp raised its stake in shares of Microsoft by 27.0% during the 1st quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant’s stock worth $427,000 after buying an additional 216 shares during the period. Ironwood Wealth Management LLC. increased its holdings in Microsoft by 0.3% in the 2nd quarter. Ironwood Wealth Management LLC. now owns 12,658 shares of the software giant’s stock worth $5,658,000 after acquiring an additional 38 shares in the last quarter. Beck Bode LLC raised its position in Microsoft by 37.3% during the second quarter. Beck Bode LLC now owns 39,951 shares of the software giant’s stock worth $17,856,000 after acquiring an additional 10,847 shares during the period. Goodman Advisory Group LLC lifted its holdings in Microsoft by 12.5% during the second quarter. Goodman Advisory Group LLC now owns 28,391 shares of the software giant’s stock valued at $12,689,000 after purchasing an additional 3,153 shares in the last quarter. Finally, Texas Capital Bancshares Inc TX lifted its holdings in Microsoft by 3.9% during the second quarter. Texas Capital Bancshares Inc TX now owns 5,415 shares of the software giant’s stock valued at $2,420,000 after purchasing an additional 204 shares in the last quarter. 71.13% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

MSFT has been the subject of several research analyst reports. Loop Capital upped their price target on shares of Microsoft from $500.00 to $550.00 and gave the stock a “buy” rating in a research report on Monday, December 23rd. StockNews.com cut Microsoft from a “buy” rating to a “hold” rating in a report on Friday, February 28th. Royal Bank of Canada restated an “outperform” rating and issued a $500.00 target price on shares of Microsoft in a research report on Thursday, January 30th. Piper Sandler reiterated an “overweight” rating and set a $520.00 price target on shares of Microsoft in a research report on Monday, January 27th. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $509.00 price objective on shares of Microsoft in a report on Wednesday, January 29th. Three analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $510.43.

Microsoft Stock Down 1.2 %

Shares of NASDAQ:MSFT opened at $378.77 on Friday. The company has a market capitalization of $2.82 trillion, a price-to-earnings ratio of 30.50, a PEG ratio of 2.21 and a beta of 0.92. Microsoft Co. has a 12-month low of $376.91 and a 12-month high of $468.35. The business has a 50-day moving average price of $413.12 and a 200 day moving average price of $420.77. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.13.

Microsoft (NASDAQ:MSFT) last announced 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 in the previous year, the firm earned $2.93 earnings per share. Sell-side analysts expect that Microsoft Co. will post 13.08 EPS for the current year.

Microsoft Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Thursday, May 15th will be given a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date of this dividend is Thursday, May 15th. Microsoft’s payout ratio is 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.