NovaPoint Capital LLC Grows Position in Microsoft Co. (NASDAQ:MSFT)

NovaPoint Capital LLC increased its position in Microsoft Co. (NASDAQ:MSFT) by 1.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 26,074 shares of the software giant’s stock after purchasing an additional 412 shares during the quarter. Microsoft makes up 3.4% of NovaPoint Capital LLC’s portfolio, making the stock its 7th largest holding. NovaPoint Capital LLC’s holdings in Microsoft were worth $10,990,000 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 in the 4th quarter worth approximately $38,000. IFS Advisors LLC boosted its stake in Microsoft by 53.8% in the 4th quarter. IFS Advisors LLC now owns 100 shares of the software giant’s stock valued at $42,000 after buying an additional 35 shares in the last quarter. Avondale Wealth Management grew its position in Microsoft by 144.4% in the fourth quarter. Avondale Wealth Management now owns 110 shares of the software giant’s stock valued at $46,000 after acquiring an additional 65 shares during the period. MidAtlantic Capital Management Inc. acquired a new position in Microsoft during the third quarter worth $62,000. Finally, Kieckhefer Group LLC bought a new position in shares of Microsoft during the fourth quarter valued at $141,000. Institutional investors and hedge funds own 71.13% of the company’s stock.

Microsoft Stock Down 0.0 %

Shares of Microsoft stock opened at $382.14 on Thursday. Microsoft Co. has a 12 month low of $367.24 and a 12 month high of $468.35. The business has a fifty day simple moving average of $402.24 and a 200 day simple moving average of $418.11. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. The stock has a market cap of $2.84 trillion, a PE ratio of 30.77, a price-to-earnings-growth ratio of 2.21 and a beta of 0.92.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings results 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 in the previous year, the firm posted $2.93 earnings per share. Research analysts predict that Microsoft Co. will post 13.08 EPS for the current year.

Microsoft Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders 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 0.87%. Microsoft’s dividend payout ratio is 26.73%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Guggenheim reaffirmed a “neutral” rating on shares of Microsoft in a report on Friday, January 24th. Wedbush reaffirmed an “outperform” rating and set a $550.00 price objective on shares of Microsoft in a research note on Thursday, March 20th. Westpark Capital began coverage on shares of Microsoft in a research note on Tuesday. They issued a “hold” rating for the company. Stifel Nicolaus reduced their target price on Microsoft from $515.00 to $475.00 and set a “buy” rating on the stock in a report on Friday, March 7th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $509.00 price target on shares of Microsoft in a report on Wednesday, January 29th. Four research 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, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $508.86.

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.