Cross Staff Investments Inc Has $3.99 Million Position in Microsoft Co. (NASDAQ:MSFT)

Cross Staff Investments Inc increased its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 0.6% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 9,466 shares of the software giant’s stock after purchasing an additional 61 shares during the period. Microsoft accounts for 3.0% of Cross Staff Investments Inc’s holdings, making the stock its 6th biggest holding. Cross Staff Investments Inc’s holdings in Microsoft were worth $3,990,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Geode Capital Management LLC raised its position in shares of Microsoft by 2.0% in the 3rd quarter. Geode Capital Management LLC now owns 165,024,812 shares of the software giant’s stock worth $70,790,682,000 after acquiring an additional 3,264,648 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Microsoft by 4.1% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 54,590,791 shares of the software giant’s stock valued at $23,490,417,000 after buying an additional 2,125,030 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Microsoft by 1.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 47,229,125 shares of the software giant’s stock valued at $20,322,513,000 after buying an additional 652,493 shares in the last quarter. International Assets Investment Management LLC grew its position in shares of Microsoft by 48,526.1% in the 3rd quarter. International Assets Investment Management LLC now owns 38,501,645 shares of the software giant’s stock worth $16,567,258,000 after buying an additional 38,422,466 shares during the last quarter. Finally, Franklin Resources Inc. raised its stake in shares of Microsoft by 1.1% during the 3rd quarter. Franklin Resources Inc. now owns 38,420,657 shares of the software giant’s stock worth $16,104,959,000 after acquiring an additional 406,940 shares in the last quarter. 71.13% of the stock is owned by hedge funds and other institutional investors.

Microsoft Trading Up 0.2 %

Shares of Microsoft stock opened at $390.58 on Friday. The stock has a 50 day moving average of $406.52 and a 200 day moving average of $419.25. 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 firm has a market capitalization of $2.90 trillion, a price-to-earnings ratio of 31.45, a PEG ratio of 2.21 and a beta of 0.92. Microsoft Co. has a fifty-two week low of $376.91 and a fifty-two week high of $468.35.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share for the quarter, topping 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 quarter in the previous year, the firm posted $2.93 earnings per share. As a group, research analysts predict that Microsoft Co. will post 13.08 earnings per share for the current year.

Microsoft Announces Dividend

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

Analysts Set New Price Targets

Several equities research analysts have weighed in on MSFT shares. Mizuho cut their price target on shares of Microsoft from $510.00 to $500.00 and set an “outperform” rating on the stock in a report on Thursday, January 30th. Royal Bank of Canada reissued an “outperform” rating and issued a $500.00 price objective on shares of Microsoft in a research report on Thursday, January 30th. Loop Capital upped their target price on Microsoft from $500.00 to $550.00 and gave the company a “buy” rating in a research report on Monday, December 23rd. UBS Group lowered their price target on Microsoft from $525.00 to $510.00 and set a “buy” rating for the company in a report on Thursday, January 30th. Finally, Cantor Fitzgerald restated an “overweight” rating and set 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-eight have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus 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.