Microsoft Co. (NASDAQ:MSFT) Shares Bought by Legacy Capital Wealth Partners LLC

Legacy Capital Wealth Partners LLC raised its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 4.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,009 shares of the software giant’s stock after acquiring an additional 354 shares during the period. Microsoft makes up about 0.8% of Legacy Capital Wealth Partners LLC’s portfolio, making the stock its 19th biggest position. Legacy Capital Wealth Partners LLC’s holdings in Microsoft were worth $3,797,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Adamsbrown Wealth Consultants LLC boosted its stake in shares of 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 acquiring an additional 130 shares in the last quarter. Oak Ridge Investments LLC raised its position in shares of 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 purchasing an additional 18,544 shares during the last quarter. Focus Financial Network Inc. lifted its stake in Microsoft by 2.0% in the 3rd quarter. Focus Financial Network Inc. now owns 76,296 shares of the software giant’s stock valued at $32,830,000 after buying an additional 1,489 shares in the last quarter. Campbell Wealth Management purchased a new position in Microsoft in the 3rd quarter valued at about $3,314,000. Finally, Romano Brothers AND Company increased its stake in Microsoft by 2.3% during the 3rd quarter. Romano Brothers AND Company now owns 42,176 shares of the software giant’s stock worth $18,148,000 after buying an additional 962 shares in the last quarter. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on MSFT. Piper Sandler restated an “overweight” rating and issued a $520.00 target price on shares of Microsoft in a research report on Monday, January 27th. Tigress Financial lifted their target price on shares of Microsoft from $550.00 to $595.00 and gave the stock a “buy” rating in a research note on Thursday, March 20th. Royal Bank of Canada reiterated an “outperform” rating and issued a $500.00 target price on shares of Microsoft in a research report on Thursday, January 30th. Westpark Capital assumed coverage on shares of Microsoft in a research report on Tuesday, April 1st. They set a “hold” rating on the stock. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a $475.00 price objective (down previously from $500.00) on shares of Microsoft in a research note on Monday, April 7th. Five research analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $499.97.

Microsoft Price Performance

MSFT stock opened at $367.78 on Friday. The business’s fifty day moving average price is $389.13 and its 200 day moving average price is $413.21. Microsoft Co. has a 12-month low of $344.79 and a 12-month high of $468.35. The company has a market capitalization 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 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 data on Wednesday, January 29th. The software giant reported $3.23 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 period last year, the business earned $2.93 earnings per share. On average, sell-side analysts anticipate that Microsoft Co. will post 13.08 EPS for the current year.

Microsoft Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 15th will be paid a $0.83 dividend. This represents a $3.32 annualized dividend and a dividend yield of 0.90%. The ex-dividend date is Thursday, May 15th. Microsoft’s payout ratio is currently 26.73%.

Microsoft 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.