Fortis Group Advisors LLC Has $5.26 Million Stake in Microsoft Co. (NASDAQ:MSFT)

Fortis Group Advisors LLC boosted its holdings in Microsoft Co. (NASDAQ:MSFT) by 1.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,472 shares of the software giant’s stock after purchasing an additional 208 shares during the period. Fortis Group Advisors LLC’s holdings in Microsoft were worth $5,257,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BCK Partners Inc. grew its holdings in shares of Microsoft by 1.8% during the 3rd quarter. BCK Partners Inc. now owns 1,353 shares of the software giant’s stock worth $582,000 after purchasing an additional 24 shares in the last quarter. Muirfield Wealth Advisors LLC raised its stake in Microsoft by 0.5% in the fourth quarter. Muirfield Wealth Advisors LLC now owns 4,427 shares of the software giant’s stock valued at $1,866,000 after purchasing an additional 24 shares in the last quarter. Retirement Financial Solutions LLC lifted its position in Microsoft by 2.3% during the fourth quarter. Retirement Financial Solutions LLC now owns 1,050 shares of the software giant’s stock worth $443,000 after purchasing an additional 24 shares during the period. Sequent Asset Management LLC grew its stake in Microsoft by 1.3% during the third quarter. Sequent Asset Management LLC now owns 1,983 shares of the software giant’s stock worth $853,000 after buying an additional 25 shares in the last quarter. Finally, Cypress Point Wealth Management LLC increased its holdings in Microsoft by 0.8% in the 3rd quarter. Cypress Point Wealth Management LLC now owns 3,208 shares of the software giant’s stock valued at $1,380,000 after buying an additional 25 shares during the period. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Microsoft Stock Down 1.0 %

MSFT stock opened at $367.78 on Monday. Microsoft Co. has a 1-year low of $344.79 and a 1-year high of $468.35. The stock has a market cap of $2.73 trillion, a P/E ratio of 29.61, a P/E/G ratio of 2.21 and a beta of 1.00. The stock’s fifty day simple moving average is $388.25 and its two-hundred day simple moving average is $412.70. 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 results on Wednesday, January 29th. The software giant reported $3.23 earnings per share 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 quarter last year, the company earned $2.93 earnings per share. Analysts expect that Microsoft Co. will post 13.08 EPS for the current year.

Microsoft Announces Dividend

The company 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. The ex-dividend date is Thursday, May 15th. This represents a $3.32 annualized dividend and a yield of 0.90%. Microsoft’s payout ratio is 26.73%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on MSFT shares. KeyCorp reaffirmed a “sector weight” rating on shares of Microsoft in a report on Thursday. Westpark Capital started coverage on Microsoft in a report on Tuesday, April 1st. They issued a “hold” rating on the stock. Wedbush decreased their price target on Microsoft from $550.00 to $475.00 and set an “outperform” rating on the stock in a research note on Thursday, April 10th. Piper Sandler restated an “overweight” rating and set a $520.00 price objective on shares of Microsoft in a research report on Monday, January 27th. Finally, Wells Fargo & Company decreased their target price on Microsoft from $515.00 to $500.00 and set an “overweight” rating on the stock in a research report on Monday, April 14th. Five research analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $499.97.

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.