Monument Capital Management Has $13.24 Million Stake in Microsoft Co. (NASDAQ:MSFT)

Monument Capital Management grew its stake in Microsoft Co. (NASDAQ:MSFT) by 5.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 31,421 shares of the software giant’s stock after purchasing an additional 1,488 shares during the period. Microsoft makes up about 3.7% of Monument Capital Management’s portfolio, making the stock its 4th biggest position. Monument Capital Management’s holdings in Microsoft were worth $13,244,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BCK Partners Inc. boosted its stake in shares of Microsoft by 1.8% in the third quarter. BCK Partners Inc. now owns 1,353 shares of the software giant’s stock worth $582,000 after buying an additional 24 shares during the last quarter. Muirfield Wealth Advisors LLC boosted its position in shares of Microsoft by 0.5% during the 4th quarter. Muirfield Wealth Advisors LLC now owns 4,427 shares of the software giant’s stock valued at $1,866,000 after acquiring an additional 24 shares during the last quarter. Sequent Asset Management LLC lifted its stake in shares of Microsoft by 1.3% in the 3rd quarter. Sequent Asset Management LLC now owns 1,983 shares of the software giant’s stock valued at $853,000 after purchasing an additional 25 shares during the last quarter. Cypress Point Wealth Management LLC raised its position in Microsoft by 0.8% in the third quarter. Cypress Point Wealth Management LLC now owns 3,208 shares of the software giant’s stock valued at $1,380,000 after purchasing an additional 25 shares during the period. Finally, Riverstone Advisors LLC grew its holdings in shares of Microsoft by 0.6% in the third quarter. Riverstone Advisors LLC now owns 4,510 shares of the software giant’s stock valued at $1,941,000 after purchasing an additional 25 shares in the last quarter. 71.13% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

MSFT has been the topic of a number of analyst reports. Stifel Nicolaus cut their price target on Microsoft from $515.00 to $475.00 and set a “buy” rating on the stock in a research note on Friday, March 7th. Westpark Capital started coverage on Microsoft in a research note on Tuesday, April 1st. They set a “hold” rating for the company. Morgan Stanley decreased their target price on shares of Microsoft from $530.00 to $472.00 and set an “overweight” rating on the stock in a research report on Wednesday. DA Davidson upgraded Microsoft from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $425.00 to $450.00 in a report on Thursday, March 13th. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $509.00 target price on shares of Microsoft in a research report on Wednesday, January 29th. Five investment analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company. Based on data from MarketBeat.com, Microsoft has a consensus rating of “Moderate Buy” and an average target price of $499.97.

Microsoft Stock Performance

MSFT stock opened at $367.78 on Friday. 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 capitalization of $2.73 trillion, a P/E ratio of 29.61, a PEG ratio of 2.21 and a beta of 1.00. The company has a 50-day simple moving average of $388.25 and a 200 day simple moving average of $412.78. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 0.13.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings results 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 last year, the business posted $2.93 earnings per share. Sell-side analysts predict that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 15th will be paid a dividend of $0.83 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.32 annualized dividend and a dividend yield of 0.90%. Microsoft’s dividend payout ratio (DPR) is 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.