St. Johns Investment Management Company LLC Has $6.71 Million Position in Microsoft Co. (NASDAQ:MSFT)

St. Johns Investment Management Company LLC boosted its position in Microsoft Co. (NASDAQ:MSFT) by 3.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,919 shares of the software giant’s stock after purchasing an additional 556 shares during the quarter. Microsoft comprises about 3.1% of St. Johns Investment Management Company LLC’s portfolio, making the stock its 6th biggest holding. St. Johns Investment Management Company LLC’s holdings in Microsoft were worth $6,710,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MSFT. Net Worth Advisory Group acquired a new stake in shares of Microsoft in the third quarter valued at approximately $2,645,000. Oak Ridge Investments LLC raised its holdings in Microsoft by 7.6% in the 3rd quarter. Oak Ridge Investments LLC now owns 263,534 shares of the software giant’s stock valued at $113,399,000 after acquiring an additional 18,544 shares in the last quarter. Jacobs & Co. CA lifted its position in shares of Microsoft by 0.9% during the 3rd quarter. Jacobs & Co. CA now owns 96,021 shares of the software giant’s stock valued at $41,318,000 after acquiring an additional 880 shares during the period. Focus Financial Network Inc. lifted its position in Microsoft by 2.0% during 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 during the period. Finally, Campbell Wealth Management acquired a new stake in Microsoft during the third quarter worth about $3,314,000. 71.13% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently weighed in on MSFT. StockNews.com downgraded shares of Microsoft from a “buy” rating to a “hold” rating in a report on Friday, February 28th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $509.00 target price on shares of Microsoft in a report on Wednesday, January 29th. Loop Capital boosted their price target on Microsoft from $500.00 to $550.00 and gave the stock a “buy” rating in a report on Monday, December 23rd. Guggenheim reaffirmed a “neutral” rating on shares of Microsoft in a research note on Friday, January 24th. Finally, Stifel Nicolaus lowered their price objective on shares of Microsoft from $515.00 to $475.00 and set a “buy” rating for the company in a research report on Friday, March 7th. Three equities research analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $510.43.

Microsoft Price Performance

Shares of MSFT opened at $378.77 on Friday. The firm has a market cap of $2.82 trillion, a PE ratio of 30.50, a price-to-earnings-growth ratio of 2.21 and a beta of 0.92. Microsoft Co. has a 52-week low of $376.91 and a 52-week high of $468.35. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.34 and a current ratio of 1.35. The business’s 50 day moving average price is $413.12 and its two-hundred day moving average price is $420.77.

Microsoft (NASDAQ:MSFT) last issued its earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm earned $2.93 EPS. On average, equities analysts anticipate 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. Investors 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 is Thursday, May 15th. Microsoft’s payout ratio is 26.73%.

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.