Eclectic Associates Inc. ADV Grows Stake in Microsoft Co. (NASDAQ:MSFT)

Eclectic Associates Inc. ADV raised its stake in Microsoft Co. (NASDAQ:MSFTFree Report) by 1.4% during the 4th quarter, HoldingsChannel reports. The firm owned 4,050 shares of the software giant’s stock after acquiring an additional 57 shares during the quarter. Microsoft accounts for about 0.7% of Eclectic Associates Inc. ADV’s portfolio, making the stock its 27th largest position. Eclectic Associates Inc. ADV’s holdings in Microsoft were worth $1,523,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Stokes Capital Advisors LLC increased its position in shares of Microsoft by 3.5% during the fourth quarter. Stokes Capital Advisors LLC now owns 35,950 shares of the software giant’s stock worth $13,519,000 after acquiring an additional 1,226 shares during the last quarter. LVW Advisors LLC boosted its stake in Microsoft by 2.1% in the fourth quarter. LVW Advisors LLC now owns 29,083 shares of the software giant’s stock valued at $10,937,000 after acquiring an additional 592 shares during the period. Retirement Planning Group LLC boosted its stake in Microsoft by 2.8% in the fourth quarter. Retirement Planning Group LLC now owns 9,585 shares of the software giant’s stock valued at $3,604,000 after acquiring an additional 258 shares during the period. CoreCap Advisors LLC boosted its position in shares of Microsoft by 7.2% during the fourth quarter. CoreCap Advisors LLC now owns 30,637 shares of the software giant’s stock worth $11,521,000 after buying an additional 2,049 shares during the period. Finally, Cooper Financial Group boosted its position in shares of Microsoft by 3.0% during the fourth quarter. Cooper Financial Group now owns 46,891 shares of the software giant’s stock worth $17,633,000 after buying an additional 1,387 shares during the period. 71.13% of the stock is owned by hedge funds and other institutional investors.

Microsoft Stock Performance

NASDAQ:MSFT opened at $420.45 on Thursday. Microsoft Co. has a 12-month low of $275.37 and a 12-month high of $430.82. The company has a quick ratio of 1.20, a current ratio of 1.22 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $3.12 trillion, a PE ratio of 38.02, a price-to-earnings-growth ratio of 2.26 and a beta of 0.89. The firm has a 50-day moving average price of $412.27 and a 200 day moving average price of $376.71.

Microsoft (NASDAQ:MSFTGet Free Report) last issued its quarterly earnings data on Tuesday, January 30th. The software giant reported $2.93 earnings per share for the quarter, topping the consensus estimate of $2.76 by $0.17. The firm had revenue of $62.02 billion for the quarter, compared to analysts’ expectations of $61.14 billion. Microsoft had a net margin of 36.27% and a return on equity of 38.40%. The company’s quarterly revenue was up 17.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.32 earnings per share. Research analysts anticipate that Microsoft Co. will post 11.63 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 13th. Stockholders of record on Thursday, May 16th will be paid a dividend of $0.75 per share. The ex-dividend date is Wednesday, May 15th. This represents a $3.00 annualized dividend and a dividend yield of 0.71%. Microsoft’s dividend payout ratio (DPR) is currently 27.12%.

Analysts Set New Price Targets

MSFT has been the topic of several recent analyst reports. Jefferies Financial Group boosted their target price on Microsoft from $465.00 to $550.00 and gave the stock a “buy” rating in a report on Monday. KeyCorp started coverage on shares of Microsoft in a research report on Thursday, March 21st. They set an “overweight” rating and a $490.00 price objective on the stock. DA Davidson reiterated a “buy” rating and set a $500.00 price objective on shares of Microsoft in a research report on Friday, March 15th. Wells Fargo & Company boosted their price target on shares of Microsoft from $435.00 to $460.00 and gave the company an “overweight” rating in a report on Wednesday, January 31st. Finally, Piper Sandler reiterated an “overweight” rating and issued a $455.00 price objective on shares of Microsoft in a report on Thursday, January 25th. Four analysts have rated the stock with a hold rating and thirty-six have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $425.52.

Get Our Latest Stock Analysis on Microsoft

Insider Activity

In related news, EVP Kathleen T. Hogan sold 21,955 shares of the stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $403.96, for a total value of $8,868,941.80. Following the transaction, the executive vice president now directly owns 159,764 shares in the company, valued at $64,538,265.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, EVP Kathleen T. Hogan sold 21,955 shares of the stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $403.96, for a total value of $8,868,941.80. Following the transaction, the executive vice president now directly owns 159,764 shares in the company, valued at $64,538,265.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Bradford L. Smith sold 45,000 shares of the stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $411.78, for a total transaction of $18,530,100.00. Following the completion of the sale, the insider now owns 574,129 shares in the company, valued at $236,414,839.62. The disclosure for this sale can be found here. Insiders have sold 1,070,258 shares of company stock valued at $30,690,456 over the last three months. 0.03% of the stock is owned by insiders.

About Microsoft

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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