Centerpoint Advisory Group Acquires Shares of 5,670 Microsoft Co. (NASDAQ:MSFT)

Centerpoint Advisory Group bought a new position in Microsoft Co. (NASDAQ:MSFT) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 5,670 shares of the software giant’s stock, valued at approximately $2,390,000. Microsoft makes up 2.3% of Centerpoint Advisory Group’s portfolio, making the stock its 12th biggest holding.

Several other large investors also recently made changes to their positions in MSFT. Fiduciary Advisors Inc. acquired a new stake in Microsoft in the fourth quarter worth about $38,000. IFS Advisors LLC increased its stake in Microsoft by 53.8% in the fourth quarter. IFS Advisors LLC now owns 100 shares of the software giant’s stock valued at $42,000 after purchasing an additional 35 shares in the last quarter. Avondale Wealth Management raised its stake in Microsoft by 144.4% during the 4th 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 period. MidAtlantic Capital Management Inc. bought a new position in shares of Microsoft during the 3rd quarter valued at about $62,000. Finally, Kieckhefer Group LLC bought a new position in Microsoft in the fourth quarter valued at approximately $141,000. Institutional investors own 71.13% of the company’s stock.

Analysts Set New Price Targets

MSFT has been the subject of several recent research reports. Stifel Nicolaus reduced their price objective on Microsoft from $515.00 to $475.00 and set a “buy” rating for the company in a research report on Friday, March 7th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $509.00 target price on shares of Microsoft in a report on Wednesday, January 29th. Guggenheim reaffirmed a “neutral” rating on shares of Microsoft in a report on Friday, January 24th. Mizuho reduced their price objective on Microsoft from $510.00 to $500.00 and set an “outperform” rating for the company in a report on Thursday, January 30th. Finally, Morgan Stanley dropped their price target on Microsoft from $530.00 to $472.00 and set an “overweight” rating for the company in a report on Wednesday. Five equities research analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $499.97.

Microsoft Trading Down 1.0 %

Shares of MSFT stock opened at $367.78 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. Microsoft Co. has a fifty-two week low of $344.79 and a fifty-two week high of $468.35. The company has a market cap of $2.73 trillion, a PE ratio of 29.61, a P/E/G ratio of 2.21 and a beta of 1.00. The stock’s fifty day moving average price is $389.13 and its two-hundred day moving average price is $413.21.

Microsoft (NASDAQ:MSFT) last released its 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 in the previous year, the firm earned $2.93 EPS. Equities analysts predict that Microsoft Co. will post 13.08 EPS for the current fiscal 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 annualized dividend and a yield of 0.90%. The ex-dividend date of this dividend is Thursday, May 15th. Microsoft’s payout ratio is 26.73%.

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.