Jacobson & Schmitt Advisors LLC Purchases 19,931 Shares of Microsoft Co. (NASDAQ:MSFT)

Jacobson & Schmitt Advisors LLC grew its position in Microsoft Co. (NASDAQ:MSFT) by 2,033.8% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 20,911 shares of the software giant’s stock after buying an additional 19,931 shares during the period. Jacobson & Schmitt Advisors LLC’s holdings in Microsoft were worth $8,814,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in MSFT. BCK Partners Inc. lifted its position 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 in the last quarter. Muirfield Wealth Advisors LLC grew its holdings in shares of 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 increased its position in Microsoft by 2.3% in 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 last quarter. Sequent Asset Management LLC raised 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 valued at $853,000 after purchasing an additional 25 shares in the last quarter. Finally, Cypress Point Wealth Management LLC lifted its position in Microsoft by 0.8% during 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 last quarter. Institutional investors own 71.13% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on MSFT shares. StockNews.com cut shares of Microsoft from a “buy” rating to a “hold” rating in a research report on Friday, February 28th. Wells Fargo & Company decreased their price objective on Microsoft from $515.00 to $500.00 and set an “overweight” rating on the stock in a research report on Monday, April 14th. DA Davidson upgraded Microsoft from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $425.00 to $450.00 in a report on Thursday, March 13th. Bank of America decreased their price target on Microsoft from $510.00 to $480.00 and set a “buy” rating on the stock in a report on Tuesday, April 15th. Finally, Guggenheim reaffirmed a “neutral” rating on shares of Microsoft in a research note on Wednesday. Five analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $494.80.

Microsoft Trading Up 2.1 %

Shares of NASDAQ MSFT opened at $374.58 on Thursday. Microsoft Co. has a twelve month low of $344.79 and a twelve month high of $468.35. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. The business has a fifty day simple moving average of $385.70 and a two-hundred day simple moving average of $411.70. The firm 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.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings data 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 return on equity of 33.36% and a net margin of 35.43%. During the same period in the prior year, the company earned $2.93 earnings per share. Analysts expect that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The firm 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 dividend of $0.83 per share. The ex-dividend date is Thursday, May 15th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.89%. Microsoft’s dividend payout ratio is presently 26.73%.

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.