CFS Investment Advisory Services LLC Acquires 90 Shares of Microsoft Co. (NASDAQ:MSFT)

CFS Investment Advisory Services LLC grew its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 0.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 14,044 shares of the software giant’s stock after buying an additional 90 shares during the period. CFS Investment Advisory Services LLC’s holdings in Microsoft were worth $5,920,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of MSFT. Christopher J. Hasenberg Inc lifted its holdings in shares of 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 purchasing an additional 25 shares in the last quarter. IFS Advisors LLC lifted its holdings in shares of Microsoft by 53.8% in the 4th quarter. IFS Advisors LLC now owns 100 shares of the software giant’s stock worth $42,000 after purchasing an additional 35 shares in the last quarter. Quarry LP bought a new position in shares of Microsoft in the 2nd quarter worth $45,000. Avondale Wealth Management lifted its holdings in shares of Microsoft by 144.4% in the 4th quarter. Avondale Wealth Management now owns 110 shares of the software giant’s stock worth $46,000 after purchasing an additional 65 shares in the last quarter. Finally, MidAtlantic Capital Management Inc. bought a new position in shares of Microsoft in the 3rd quarter worth $62,000. 71.13% of the stock is currently owned by institutional investors.

Microsoft Trading Up 2.6 %

Shares of MSFT opened at $388.56 on Friday. The business has a 50-day moving average of $412.43 and a 200 day moving average of $420.55. Microsoft Co. has a fifty-two week low of $376.91 and a fifty-two week high of $468.35. The firm has a market cap of $2.89 trillion, a P/E ratio of 31.29, a price-to-earnings-growth ratio of 2.21 and a beta of 0.92. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.34 and a current ratio of 1.35.

Microsoft (NASDAQ:MSFT) last announced 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 return on equity of 33.36% and a net margin of 35.43%. During the same period last year, the company posted $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 announced a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Thursday, May 15th will be issued a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date is Thursday, May 15th. Microsoft’s payout ratio is presently 26.73%.

Analyst Upgrades and Downgrades

MSFT has been the topic of several recent analyst reports. Loop Capital raised their price objective on Microsoft from $500.00 to $550.00 and gave the company a “buy” rating in a research note on Monday, December 23rd. Royal Bank of Canada restated an “outperform” rating and set a $500.00 price objective on shares of Microsoft in a research note on Thursday, January 30th. Piper Sandler restated an “overweight” rating and set a $520.00 price objective on shares of Microsoft in a research note on Monday, January 27th. Morgan Stanley dropped their price objective on Microsoft from $540.00 to $530.00 and set an “overweight” rating on the stock in a research note on Thursday, January 30th. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $509.00 price objective on shares of Microsoft in a research note on Wednesday, January 29th. Three equities research analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $510.43.

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.