Tenon Financial LLC Boosts Stake in Microsoft Co. (NASDAQ:MSFT)

Tenon Financial LLC boosted its stake in Microsoft Co. (NASDAQ:MSFT) by 2.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,736 shares of the software giant’s stock after acquiring an additional 80 shares during the period. Microsoft accounts for about 1.0% of Tenon Financial LLC’s holdings, making the stock its 13th biggest position. Tenon Financial LLC’s holdings in Microsoft were worth $1,564,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. WFA Asset Management Corp grew its position in Microsoft by 27.0% during the first quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant’s stock worth $427,000 after buying an additional 216 shares during the period. Ironwood Wealth Management LLC. grew its holdings in Microsoft by 0.3% in the second quarter. Ironwood Wealth Management LLC. now owns 12,658 shares of the software giant’s stock valued at $5,658,000 after purchasing an additional 38 shares during the last quarter. AMF Tjanstepension AB increased its position in shares of Microsoft by 1.8% in the third quarter. AMF Tjanstepension AB now owns 2,799,261 shares of the software giant’s stock valued at $1,204,664,000 after buying an additional 49,735 shares in the last quarter. Discipline Wealth Solutions LLC increased its holdings in Microsoft by 410.4% during the 3rd quarter. Discipline Wealth Solutions LLC now owns 2,659 shares of the software giant’s stock valued at $1,144,000 after acquiring an additional 2,138 shares in the last quarter. Finally, Swedbank AB raised its position in shares of Microsoft by 0.4% during the 3rd quarter. Swedbank AB now owns 13,689,356 shares of the software giant’s stock worth $5,890,530,000 after purchasing an additional 49,288 shares during the last quarter. 71.13% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on MSFT shares. Wedbush reissued an “outperform” rating and issued a $550.00 target price on shares of Microsoft in a research note on Thursday, March 20th. Westpark Capital started coverage on shares of Microsoft in a report on Tuesday, April 1st. They issued a “hold” rating for the company. DA Davidson upgraded shares of Microsoft from a “neutral” rating to a “buy” rating and lifted their price target for the company from $425.00 to $450.00 in a report on Thursday, March 13th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $500.00 price target on shares of Microsoft in a research report on Thursday, January 30th. Finally, Mizuho dropped their price objective on shares of Microsoft from $510.00 to $500.00 and set an “outperform” rating for the company in a research report on Thursday, January 30th. Four research analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $508.86.

Microsoft Stock Performance

MSFT stock opened at $359.84 on Friday. The firm has a market cap of $2.68 trillion, a P/E ratio of 28.97, a P/E/G ratio of 2.21 and a beta of 1.00. The stock’s 50 day simple moving average is $399.08 and its 200 day simple moving average is $417.30. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.13. Microsoft Co. has a 12-month low of $359.48 and a 12-month high of $468.35.

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

Microsoft Dividend Announcement

The company 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 $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 0.92%. The ex-dividend date is Thursday, May 15th. Microsoft’s dividend payout ratio (DPR) is 26.73%.

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.