Microsoft Co. (NASDAQ:MSFT) is Community Financial Services Group LLC’s 2nd Largest Position

Community Financial Services Group LLC boosted its position in Microsoft Co. (NASDAQ:MSFT) by 0.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 71,733 shares of the software giant’s stock after purchasing an additional 448 shares during the quarter. Microsoft comprises approximately 6.0% of Community Financial Services Group LLC’s investment portfolio, making the stock its 2nd largest position. Community Financial Services Group LLC’s holdings in Microsoft were worth $30,236,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Fiduciary Advisors Inc. purchased a new stake in shares of Microsoft in the fourth quarter valued at approximately $38,000. IFS Advisors LLC lifted its position in Microsoft by 53.8% during the fourth quarter. IFS Advisors LLC now owns 100 shares of the software giant’s stock worth $42,000 after buying an additional 35 shares in the last quarter. Avondale Wealth Management boosted its stake in Microsoft by 144.4% during the fourth quarter. Avondale Wealth Management now owns 110 shares of the software giant’s stock worth $46,000 after buying an additional 65 shares during the last quarter. MidAtlantic Capital Management Inc. purchased a new stake in Microsoft in the 3rd quarter valued at $62,000. Finally, Kieckhefer Group LLC acquired a new stake in shares of Microsoft in the 4th quarter worth $141,000. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Microsoft Stock Up 1.9 %

Shares of NASDAQ MSFT opened at $388.45 on Friday. The stock has a market cap of $2.89 trillion, a P/E ratio of 31.28, a PEG ratio of 2.21 and a beta of 1.00. The business’s fifty day simple moving average is $391.89 and its 200-day simple moving average is $414.53. Microsoft Co. has a 12-month low of $344.79 and a 12-month high of $468.35. 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 (NASDAQ:MSFT) last posted its quarterly earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share (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 last year, the company posted $2.93 EPS. As a group, equities analysts predict that Microsoft Co. will post 13.08 EPS for the current fiscal year.

Microsoft Dividend Announcement

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

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on MSFT shares. Royal Bank of Canada reissued an “outperform” rating and set a $500.00 price target on shares of Microsoft in a research report on Thursday, January 30th. UBS Group decreased their target price on shares of Microsoft from $525.00 to $510.00 and set a “buy” rating on the stock in a report on Thursday, January 30th. Tigress Financial raised their price target on shares of Microsoft from $550.00 to $595.00 and gave the stock a “buy” rating in a report on Thursday, March 20th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $509.00 price objective on shares of Microsoft in a report on Wednesday, January 29th. Finally, Westpark Capital began coverage on Microsoft in a research note on Tuesday, April 1st. They set a “hold” rating for the company. Four equities research analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $505.41.

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.