Microsoft Co. (NASDAQ:MSFT) Stock Holdings Increased by Morris Financial Concepts Inc.

Morris Financial Concepts Inc. grew its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 3.7% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 3,152 shares of the software giant’s stock after acquiring an additional 113 shares during the quarter. Microsoft comprises approximately 0.6% of Morris Financial Concepts Inc.’s holdings, making the stock its 28th largest position. Morris Financial Concepts Inc.’s holdings in Microsoft were worth $1,329,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Fiduciary Advisors Inc. bought a new position in Microsoft in the 4th quarter valued at about $38,000. IFS Advisors LLC lifted its stake in shares of Microsoft by 53.8% in the 4th quarter. IFS Advisors LLC now owns 100 shares of the software giant’s stock worth $42,000 after acquiring an additional 35 shares during the period. Avondale Wealth Management boosted its holdings in shares of Microsoft by 144.4% in the fourth quarter. Avondale Wealth Management now owns 110 shares of the software giant’s stock valued at $46,000 after acquiring an additional 65 shares in the last quarter. MidAtlantic Capital Management Inc. acquired a new position in shares of Microsoft during the third quarter valued at approximately $62,000. Finally, Kieckhefer Group LLC bought a new stake in Microsoft during the fourth quarter worth approximately $141,000. Institutional investors own 71.13% of the company’s stock.

Microsoft Price Performance

Shares of NASDAQ:MSFT opened at $388.45 on Monday. The business has a fifty day simple moving average of $391.89 and a 200 day simple moving average of $414.41. 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 1 year low of $344.79 and a 1 year high of $468.35. The firm has a market cap of $2.89 trillion, a price-to-earnings ratio of 31.28, a P/E/G ratio of 2.21 and a beta of 1.00.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share for the quarter, topping 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 quarter in the prior year, the firm posted $2.93 earnings per share. As a group, sell-side analysts predict that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The firm 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 0.85%. The ex-dividend date is Thursday, May 15th. Microsoft’s dividend payout ratio is 26.73%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on MSFT. Guggenheim reaffirmed a “neutral” rating on shares of Microsoft in a research note on Friday, January 24th. DA Davidson raised Microsoft from a “neutral” rating to a “buy” rating and raised their target price for the company from $425.00 to $450.00 in a research note on Thursday, March 13th. Stifel Nicolaus dropped their price target on shares of Microsoft from $515.00 to $475.00 and set a “buy” rating on the stock in a research report on Friday, March 7th. StockNews.com lowered shares of Microsoft from a “buy” rating to a “hold” rating in a research report on Friday, February 28th. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $520.00 price objective on shares of Microsoft in a research note on Monday, January 27th. Four analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price 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.