15,151 Shares in Microsoft Co. (NASDAQ:MSFT) Purchased by Figure 8 Investment Strategies LLC

Figure 8 Investment Strategies LLC acquired a new stake in Microsoft Co. (NASDAQ:MSFT) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 15,151 shares of the software giant’s stock, valued at approximately $6,386,000. Microsoft accounts for approximately 6.3% of Figure 8 Investment Strategies LLC’s holdings, making the stock its 2nd largest holding.

A number of other hedge funds also recently made changes to their positions in the business. Adamsbrown Wealth Consultants LLC lifted its holdings in Microsoft by 2.2% during the 4th quarter. Adamsbrown Wealth Consultants LLC now owns 5,967 shares of the software giant’s stock worth $2,515,000 after purchasing an additional 130 shares during the last quarter. Oak Ridge Investments LLC increased its position in Microsoft by 7.6% during the 3rd quarter. Oak Ridge Investments LLC now owns 263,534 shares of the software giant’s stock worth $113,399,000 after buying an additional 18,544 shares during the period. Focus Financial Network Inc. lifted its holdings in shares of Microsoft by 2.0% during the third quarter. Focus Financial Network Inc. now owns 76,296 shares of the software giant’s stock worth $32,830,000 after buying an additional 1,489 shares in the last quarter. Campbell Wealth Management bought a new stake in shares of Microsoft in the third quarter valued at about $3,314,000. Finally, Romano Brothers AND Company grew its stake in shares of Microsoft by 2.3% in the third quarter. Romano Brothers AND Company now owns 42,176 shares of the software giant’s stock valued at $18,148,000 after acquiring an additional 962 shares in the last quarter. 71.13% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on MSFT shares. Piper Sandler reiterated an “overweight” rating and issued a $520.00 price objective on shares of Microsoft in a research note on Monday, January 27th. DA Davidson upgraded Microsoft from a “neutral” rating to a “buy” rating and upped their target price for the company from $425.00 to $450.00 in a research report on Thursday, March 13th. Wedbush decreased their price target on Microsoft from $550.00 to $475.00 and set an “outperform” rating on the stock in a research report on Thursday, April 10th. Mizuho cut 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. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $500.00 target price on shares of Microsoft in a report on Thursday, January 30th. Four investment analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the stock. According to data from MarketBeat.com, Microsoft presently has a consensus rating of “Moderate Buy” and a consensus price target of $503.86.

Microsoft Trading Down 0.2 %

Shares of NASDAQ MSFT opened at $387.81 on Tuesday. The stock has a market cap of $2.88 trillion, a P/E ratio of 31.22, a price-to-earnings-growth ratio of 2.21 and a beta of 1.00. The firm has a 50 day moving average price of $391.38 and a two-hundred day moving average price of $414.11. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.34 and a current ratio of 1.35. Microsoft Co. has a 52-week low of $344.79 and a 52-week high of $468.35.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings data on Wednesday, January 29th. The software giant reported $3.23 earnings per share 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 in the prior year, the business earned $2.93 earnings per share. As a group, equities analysts forecast that Microsoft Co. will post 13.08 EPS for the current year.

Microsoft Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Thursday, May 15th will be paid a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date is Thursday, May 15th. Microsoft’s dividend payout ratio is currently 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.