Eagle Wealth Strategies LLC Buys New Stake in Microsoft Co. (NASDAQ:MSFT)

Eagle Wealth Strategies LLC purchased a new stake in Microsoft Co. (NASDAQ:MSFTFree Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 5,386 shares of the software giant’s stock, valued at approximately $2,025,000. Microsoft comprises approximately 1.2% of Eagle Wealth Strategies LLC’s portfolio, making the stock its 11th largest holding.

Several other hedge funds also recently made changes to their positions in MSFT. Cora Capital Advisors LLC boosted its stake in Microsoft by 2.7% during the 4th quarter. Cora Capital Advisors LLC now owns 8,590 shares of the software giant’s stock worth $3,230,000 after purchasing an additional 228 shares during the period. Silver Oak Securities Incorporated increased its stake in Microsoft by 89.6% in the fourth quarter. Silver Oak Securities Incorporated now owns 18,564 shares of the software giant’s stock valued at $6,981,000 after purchasing an additional 8,775 shares during the period. Meridian Wealth Partners LLC increased its stake in Microsoft by 2.0% in the fourth quarter. Meridian Wealth Partners LLC now owns 7,194 shares of the software giant’s stock valued at $2,705,000 after purchasing an additional 138 shares during the period. Magnus Financial Group LLC increased its stake in Microsoft by 6.8% in the fourth quarter. Magnus Financial Group LLC now owns 28,543 shares of the software giant’s stock valued at $10,733,000 after purchasing an additional 1,808 shares during the period. Finally, HHM Wealth Advisors LLC increased its stake in Microsoft by 0.9% in the fourth quarter. HHM Wealth Advisors LLC now owns 17,418 shares of the software giant’s stock valued at $6,550,000 after purchasing an additional 149 shares during the period. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on MSFT. Truist Financial reaffirmed a “buy” rating and issued a $600.00 target price on shares of Microsoft in a report on Monday, March 25th. Piper Sandler reaffirmed an “overweight” rating and issued a $465.00 target price (up previously from $455.00) on shares of Microsoft in a report on Friday, April 26th. The Goldman Sachs Group lifted their target price on shares of Microsoft from $450.00 to $515.00 and gave the company a “buy” rating in a report on Friday, April 26th. Raymond James reaffirmed an “outperform” rating and issued a $480.00 target price (up previously from $450.00) on shares of Microsoft in a report on Friday, April 26th. Finally, Jefferies Financial Group boosted their price objective on shares of Microsoft from $465.00 to $550.00 and gave the stock a “buy” rating in a report on Monday, April 1st. Three equities research analysts have rated the stock with a hold rating and thirty-two have given a buy rating to the company. According to MarketBeat, Microsoft currently has a consensus rating of “Moderate Buy” and a consensus price target of $457.91.

Check Out Our Latest Report on Microsoft

Microsoft Stock Performance

Shares of MSFT stock opened at $415.13 on Friday. Microsoft Co. has a one year low of $309.45 and a one year high of $433.60. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.23 and a current ratio of 1.24. The company has a 50 day moving average price of $416.30 and a 200 day moving average price of $400.74. The firm has a market capitalization of $3.09 trillion, a price-to-earnings ratio of 35.94, a price-to-earnings-growth ratio of 2.27 and a beta of 0.89.

Microsoft (NASDAQ:MSFTGet Free Report) last issued its quarterly earnings results on Thursday, April 25th. The software giant reported $2.94 EPS for the quarter, topping the consensus estimate of $2.81 by $0.13. Microsoft had a net margin of 36.43% and a return on equity of 37.54%. The firm had revenue of $61.86 billion during the quarter, compared to analyst estimates of $60.86 billion. During the same quarter in the prior year, the business posted $2.45 earnings per share. Microsoft’s revenue for the quarter was up 17.0% compared to the same quarter last year. Sell-side analysts anticipate that Microsoft Co. will post 11.77 EPS for the current year.

Microsoft Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Thursday, May 16th will be given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 0.72%. The ex-dividend date of this dividend is Wednesday, May 15th. Microsoft’s dividend payout ratio (DPR) is 25.97%.

Insider Buying and Selling

In related news, EVP Kathleen T. Hogan sold 21,955 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $403.96, for a total transaction of $8,868,941.80. Following the completion of the transaction, the executive vice president now owns 159,764 shares of the company’s stock, valued at $64,538,265.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, EVP Judson Althoff sold 25,000 shares of the stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $425.68, for a total value of $10,642,000.00. Following the completion of the sale, the executive vice president now owns 104,949 shares of the company’s stock, valued at $44,674,690.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Kathleen T. Hogan sold 21,955 shares of the stock in a transaction on Monday, March 11th. The stock was sold at an average price of $403.96, for a total transaction of $8,868,941.80. Following the completion of the sale, the executive vice president now directly owns 159,764 shares of the company’s stock, valued at approximately $64,538,265.44. The disclosure for this sale can be found here. 0.03% of the stock is currently owned by company insiders.

Microsoft Company Profile

(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.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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