Fortress Financial Solutions LLC Acquires Shares of 2,168 Microsoft Co. (NASDAQ:MSFT)

Fortress Financial Solutions LLC bought a new stake in Microsoft Co. (NASDAQ:MSFT) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 2,168 shares of the software giant’s stock, valued at approximately $914,000. Microsoft comprises approximately 1.3% of Fortress Financial Solutions LLC’s holdings, making the stock its 18th largest holding.

Other hedge funds also recently added to or reduced their stakes in the company. WFA Asset Management Corp raised its stake in shares of Microsoft by 27.0% during the 1st 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 in the last quarter. Ironwood Wealth Management LLC. lifted 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 acquiring an additional 38 shares during the period. AMF Tjanstepension AB boosted its position in shares of Microsoft by 1.8% during the 3rd quarter. AMF Tjanstepension AB now owns 2,799,261 shares of the software giant’s stock worth $1,204,664,000 after purchasing an additional 49,735 shares in the last quarter. Discipline Wealth Solutions LLC grew its stake in shares of Microsoft by 410.4% during the 3rd quarter. Discipline Wealth Solutions LLC now owns 2,659 shares of the software giant’s stock worth $1,144,000 after purchasing an additional 2,138 shares during the period. Finally, Swedbank AB increased its holdings in shares of Microsoft by 0.4% in the 3rd quarter. Swedbank AB now owns 13,689,356 shares of the software giant’s stock valued at $5,890,530,000 after purchasing an additional 49,288 shares in the last quarter. 71.13% of the stock is owned by institutional investors and hedge funds.

Microsoft Price Performance

Microsoft stock opened at $388.45 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.34 and a current ratio of 1.35. The company has a market cap of $2.89 trillion, a price-to-earnings ratio of 31.28, a PEG ratio of 2.21 and a beta of 1.00. Microsoft Co. has a 1 year low of $344.79 and a 1 year high of $468.35. The firm has a 50 day moving average price of $391.89 and a 200 day moving average price of $414.53.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Wednesday, January 29th. The software giant reported $3.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.15 by $0.08. Microsoft had a net margin of 35.43% and a return on equity of 33.36%. During the same quarter in the previous year, the firm posted $2.93 earnings per share. Sell-side analysts predict that Microsoft Co. will post 13.08 earnings per share for the current year.

Microsoft Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 15th will be issued a $0.83 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.85%. Microsoft’s dividend payout ratio (DPR) is 26.73%.

Analysts Set New Price Targets

A number of analysts recently commented on MSFT shares. Morgan Stanley decreased their price objective on shares of Microsoft from $540.00 to $530.00 and set an “overweight” rating on the stock in a report on Thursday, January 30th. Scotiabank began coverage on Microsoft in a research note on Thursday, March 20th. They set a “sector outperform” rating and a $470.00 price target on the stock. UBS Group dropped their price objective on Microsoft from $525.00 to $510.00 and set a “buy” rating for the company in a research note on Thursday, January 30th. Tigress Financial lifted their price objective on Microsoft from $550.00 to $595.00 and gave the stock a “buy” rating in a report on Thursday, March 20th. Finally, Loop Capital upped their target price on Microsoft from $500.00 to $550.00 and gave the company a “buy” rating in a report on Monday, December 23rd. Four investment analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $505.41.

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.