Impact Partnership Wealth LLC Raises Stake in Microsoft Co. (NASDAQ:MSFT)

Impact Partnership Wealth LLC raised its holdings in Microsoft Co. (NASDAQ:MSFT) by 32.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 4,937 shares of the software giant’s stock after acquiring an additional 1,200 shares during the period. Microsoft accounts for about 0.4% of Impact Partnership Wealth LLC’s holdings, making the stock its 29th biggest position. Impact Partnership Wealth LLC’s holdings in Microsoft were worth $2,081,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in MSFT. Net Worth Advisory Group acquired a new stake in Microsoft in the 3rd quarter valued at $2,645,000. Oak Ridge Investments LLC raised its stake in shares of Microsoft by 7.6% during the third quarter. Oak Ridge Investments LLC now owns 263,534 shares of the software giant’s stock valued at $113,399,000 after purchasing an additional 18,544 shares during the period. Jacobs & Co. CA lifted its position in shares of Microsoft by 0.9% during the third quarter. Jacobs & Co. CA now owns 96,021 shares of the software giant’s stock worth $41,318,000 after purchasing an additional 880 shares in the last quarter. Focus Financial Network Inc. grew its holdings in Microsoft by 2.0% during the 3rd quarter. Focus Financial Network Inc. now owns 76,296 shares of the software giant’s stock valued at $32,830,000 after purchasing an additional 1,489 shares in the last quarter. Finally, Campbell Wealth Management purchased a new stake in Microsoft during the 3rd quarter worth $3,314,000. Institutional investors and hedge funds own 71.13% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Loop Capital boosted their price target on Microsoft from $500.00 to $550.00 and gave the stock a “buy” rating in a research note on Monday, December 23rd. Wedbush reiterated an “outperform” rating and set a $550.00 target price on shares of Microsoft in a research note on Tuesday, November 19th. Guggenheim restated a “neutral” rating on shares of Microsoft in a research note on Friday, January 24th. DA Davidson raised shares of Microsoft from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $425.00 to $450.00 in a report on Thursday. Finally, Mizuho cut their target price 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. Three research analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company. According to MarketBeat, Microsoft has a consensus rating of “Moderate Buy” and an average price target of $510.43.

Microsoft Stock Down 1.2 %

Shares of Microsoft stock opened at $378.77 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.34. Microsoft Co. has a 1-year low of $376.91 and a 1-year high of $468.35. The business’s fifty day moving average price is $413.12 and its two-hundred day moving average price is $420.77. The company has a market capitalization of $2.82 trillion, a P/E ratio of 30.50, a PEG ratio of 2.21 and a beta of 0.92.

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, 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 period in the prior year, the company earned $2.93 earnings per share. As a group, research analysts forecast that Microsoft Co. will post 13.08 EPS for the current year.

Microsoft Dividend Announcement

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