Sutton Place Investors LLC Has $3.30 Million Holdings in Microsoft Co. (NASDAQ:MSFT)

Sutton Place Investors LLC grew its holdings in Microsoft Co. (NASDAQ:MSFT) by 4.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 7,822 shares of the software giant’s stock after purchasing an additional 368 shares during the quarter. Microsoft makes up approximately 1.9% of Sutton Place Investors LLC’s holdings, making the stock its 11th biggest holding. Sutton Place Investors LLC’s holdings in Microsoft were worth $3,297,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Fiduciary Advisors Inc. acquired a new position in shares of Microsoft during the 4th quarter worth about $38,000. IFS Advisors LLC boosted its stake in Microsoft by 53.8% during the 4th quarter. IFS Advisors LLC now owns 100 shares of the software giant’s stock worth $42,000 after acquiring an additional 35 shares during the last quarter. Avondale Wealth Management grew its holdings in Microsoft by 144.4% during the fourth quarter. Avondale Wealth Management now owns 110 shares of the software giant’s stock valued at $46,000 after purchasing an additional 65 shares during the period. MidAtlantic Capital Management Inc. bought a new stake in Microsoft in the third quarter valued at approximately $62,000. Finally, Kieckhefer Group LLC bought a new position in shares of Microsoft during the fourth quarter worth $141,000. Institutional investors and hedge funds own 71.13% of the company’s stock.

Microsoft Trading Up 0.2 %

Shares of NASDAQ:MSFT opened at $390.58 on Friday. The stock has a market cap of $2.90 trillion, a PE ratio of 31.45, a P/E/G ratio of 2.21 and a beta of 0.92. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. Microsoft Co. has a 12-month low of $376.91 and a 12-month high of $468.35. The business has a 50 day moving average of $406.52 and a 200-day moving average of $419.25.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings data on Wednesday, January 29th. The software giant reported $3.23 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 last year, the business posted $2.93 EPS. As a group, equities research analysts forecast that Microsoft Co. will post 13.08 earnings per share for the current year.

Microsoft Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Thursday, May 15th will be given a dividend of $0.83 per share. The ex-dividend date is Thursday, May 15th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.85%. Microsoft’s payout ratio is presently 26.73%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Wedbush reiterated an “outperform” rating and set a $550.00 target price on shares of Microsoft in a report on Thursday, March 20th. Loop Capital lifted their price objective on Microsoft from $500.00 to $550.00 and gave the company a “buy” rating in a report on Monday, December 23rd. DA Davidson raised Microsoft from a “neutral” rating to a “buy” rating and increased their target price for the stock from $425.00 to $450.00 in a research note on Thursday, March 13th. Scotiabank began coverage on shares of Microsoft in a research note on Thursday, March 20th. They issued a “sector outperform” rating and a $470.00 price target on the stock. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $509.00 price target on shares of Microsoft in a report on Wednesday, January 29th. Three investment analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company. Based on data from MarketBeat.com, Microsoft currently has an average rating of “Moderate Buy” and a consensus target price of $510.59.

About Microsoft

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.