Atlas Legacy Advisors LLC Purchases New Position in Microsoft Co. (NASDAQ:MSFT)

Atlas Legacy Advisors LLC bought a new position in shares of 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 bought 17,726 shares of the software giant’s stock, valued at approximately $7,472,000. Microsoft comprises 1.8% of Atlas Legacy Advisors LLC’s investment portfolio, making the stock its 17th largest position.

A number of other hedge funds have also recently added to or reduced their stakes in MSFT. Vawter Financial Ltd. raised its stake in shares of Microsoft by 5.7% during the fourth quarter. Vawter Financial Ltd. now owns 1,014 shares of the software giant’s stock worth $427,000 after buying an additional 55 shares during the last quarter. Bank of Jackson Hole Trust bought a new stake in shares of Microsoft in the fourth quarter worth about $5,364,000. Lorne Steinberg Wealth Management Inc. raised its holdings in Microsoft by 0.6% during the 4th quarter. Lorne Steinberg Wealth Management Inc. now owns 28,499 shares of the software giant’s stock worth $12,012,000 after buying an additional 172 shares during the period. Callahan Advisors LLC lifted its position in Microsoft by 6.0% in the 4th quarter. Callahan Advisors LLC now owns 123,014 shares of the software giant’s stock valued at $51,850,000 after acquiring an additional 6,953 shares in the last quarter. Finally, Schubert & Co lifted its holdings in shares of Microsoft by 12.9% in the fourth quarter. Schubert & Co now owns 1,615 shares of the software giant’s stock valued at $681,000 after purchasing an additional 184 shares in the last quarter. Institutional investors own 71.13% of the company’s stock.

Microsoft Price Performance

Microsoft stock opened at $359.12 on Tuesday. The firm has a 50-day moving average of $387.26 and a two-hundred day moving average of $412.30. The stock has a market cap of $2.67 trillion, a price-to-earnings ratio of 28.91, a price-to-earnings-growth ratio of 2.21 and a beta of 1.00. Microsoft Co. has a 1 year low of $344.79 and a 1 year high of $468.35. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.34.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings results 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 company posted $2.93 earnings per share. On average, research analysts forecast that Microsoft Co. will post 13.08 earnings per share for the current year.

Microsoft Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 15th will be issued a $0.83 dividend. The ex-dividend date is Thursday, May 15th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.92%. Microsoft’s dividend payout ratio is presently 26.73%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on MSFT. Morgan Stanley decreased their price objective on Microsoft from $530.00 to $472.00 and set an “overweight” rating for the company in a report on Wednesday, April 16th. Barclays lowered their price target on shares of Microsoft from $475.00 to $430.00 and set an “overweight” rating on the stock in a report on Monday. Wedbush reduced their target price on shares of Microsoft from $550.00 to $475.00 and set an “outperform” rating for the company in a research report on Thursday, April 10th. Royal Bank of Canada reissued an “outperform” rating and set a $500.00 price target on shares of Microsoft in a research report on Thursday, January 30th. Finally, Westpark Capital started coverage on shares of Microsoft in a research report on Tuesday, April 1st. They issued a “hold” rating for the company. Five analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $497.63.

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.