Precision Wealth Strategies LLC Has $2.94 Million Stock Position in Microsoft Co. (NASDAQ:MSFT)

Precision Wealth Strategies LLC lifted its position in shares of Microsoft Co. (NASDAQ:MSFT) by 31.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,964 shares of the software giant’s stock after purchasing an additional 1,646 shares during the quarter. Microsoft makes up about 2.3% of Precision Wealth Strategies LLC’s investment portfolio, making the stock its 14th largest position. Precision Wealth Strategies LLC’s holdings in Microsoft were worth $2,935,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. BCK Partners Inc. grew its holdings in Microsoft by 1.8% during the 3rd quarter. BCK Partners Inc. now owns 1,353 shares of the software giant’s stock worth $582,000 after acquiring an additional 24 shares during the period. Christopher J. Hasenberg Inc lifted its stake 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 valued at $39,000 after purchasing an additional 25 shares during the period. Sequent Asset Management LLC boosted its position 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 purchasing an additional 25 shares during the last quarter. Cypress Point Wealth Management LLC grew its stake in shares of Microsoft by 0.8% during the third quarter. Cypress Point Wealth Management LLC now owns 3,208 shares of the software giant’s stock worth $1,380,000 after purchasing an additional 25 shares during the period. Finally, Riverstone Advisors LLC increased its holdings in Microsoft by 0.6% in the third quarter. Riverstone Advisors LLC now owns 4,510 shares of the software giant’s stock valued at $1,941,000 after purchasing an additional 25 shares during the last quarter. 71.13% of the stock is currently owned by institutional investors.

Microsoft Stock Down 1.3 %

Shares of MSFT stock opened at $389.97 on Thursday. The firm’s fifty day moving average price is $407.20 and its two-hundred day moving average price is $419.45. 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 Co. has a 1 year low of $376.91 and a 1 year high of $468.35. The firm has a market capitalization of $2.90 trillion, a P/E ratio of 31.40, a PEG ratio of 2.21 and a beta of 0.92.

Microsoft (NASDAQ:MSFT) last released its earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 in the prior year, the company earned $2.93 EPS. On average, equities analysts predict that Microsoft Co. will post 13.08 EPS for the current fiscal year.

Microsoft Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 15th will be issued a $0.83 dividend. This represents a $3.32 annualized dividend and a dividend yield of 0.85%. The ex-dividend date is Thursday, May 15th. Microsoft’s payout ratio is presently 26.73%.

Analysts Set New Price Targets

MSFT has been the topic of a number of recent analyst reports. Cantor Fitzgerald restated an “overweight” rating and set a $509.00 target price on shares of Microsoft in a report on Wednesday, January 29th. Mizuho reduced their price objective 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. Tigress Financial boosted their price objective on shares of Microsoft from $550.00 to $595.00 and gave the company a “buy” rating in a report on Thursday, March 20th. Guggenheim reiterated a “neutral” rating on shares of Microsoft in a report on Friday, January 24th. Finally, StockNews.com lowered shares of Microsoft from a “buy” rating to a “hold” rating in a report on Friday, February 28th. Three analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $510.59.

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.