12,371 Shares in Microsoft Co. (NASDAQ:MSFT) Purchased by Corps Capital Advisors LLC

Corps Capital Advisors LLC acquired a new position in shares of Microsoft Co. (NASDAQ:MSFT) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 12,371 shares of the software giant’s stock, valued at approximately $5,214,000. Microsoft comprises 5.3% of Corps Capital Advisors LLC’s investment portfolio, making the stock its 3rd biggest holding.

Other institutional investors also recently made changes to their positions in the company. Geode Capital Management LLC raised its stake in Microsoft by 2.0% during the third quarter. Geode Capital Management LLC now owns 165,024,812 shares of the software giant’s stock valued at $70,790,682,000 after buying an additional 3,264,648 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Microsoft by 4.1% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 54,590,791 shares of the software giant’s stock valued at $23,490,417,000 after acquiring an additional 2,125,030 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Microsoft by 1.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 47,229,125 shares of the software giant’s stock valued at $20,322,513,000 after acquiring an additional 652,493 shares in the last quarter. Franklin Resources Inc. lifted its stake in Microsoft by 1.1% during the third quarter. Franklin Resources Inc. now owns 38,420,657 shares of the software giant’s stock worth $16,104,959,000 after purchasing an additional 406,940 shares during the last quarter. Finally, Fisher Asset Management LLC boosted its holdings in Microsoft by 2.3% in the third quarter. Fisher Asset Management LLC now owns 27,904,450 shares of the software giant’s stock worth $12,007,285,000 after purchasing an additional 636,713 shares during the period. 71.13% of the stock is owned by institutional investors and hedge funds.

Microsoft Stock Up 2.1 %

Shares of MSFT stock opened at $374.58 on Thursday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.34 and a current ratio of 1.35. The stock has a market cap of $2.78 trillion, a PE ratio of 30.16, a price-to-earnings-growth ratio of 2.21 and a beta of 1.00. The business’s fifty day moving average is $385.70 and its 200-day moving average is $411.70. Microsoft Co. has a 1 year low of $344.79 and a 1 year high of $468.35.

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, topping 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 quarter last year, the company earned $2.93 EPS. Equities analysts expect that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Thursday, May 15th will be paid a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a yield of 0.89%. The ex-dividend date of this dividend is Thursday, May 15th. Microsoft’s dividend payout ratio is presently 26.73%.

Analyst Upgrades and Downgrades

MSFT has been the topic of a number of recent research reports. BMO Capital Markets reduced their price target on shares of Microsoft from $490.00 to $470.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 16th. Wedbush cut their target price on shares of Microsoft from $550.00 to $475.00 and set an “outperform” rating on the stock in a report on Thursday, April 10th. Scotiabank assumed coverage on Microsoft in a report on Thursday, March 20th. They set a “sector outperform” rating and a $470.00 target price for the company. Piper Sandler dropped their price target on Microsoft from $520.00 to $435.00 and set an “overweight” rating on the stock in a research report on Wednesday. Finally, Bank of America reduced their price objective on Microsoft from $510.00 to $480.00 and set a “buy” rating for the company in a research report on Tuesday, April 15th. Five equities research 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, Microsoft has a consensus rating of “Moderate Buy” and a consensus target price of $494.80.

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.