Microsoft Co. (NASDAQ:MSFT) Shares Acquired by Sunpointe LLC

Sunpointe LLC boosted its holdings in Microsoft Co. (NASDAQ:MSFT) by 0.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 15,170 shares of the software giant’s stock after acquiring an additional 142 shares during the period. Microsoft accounts for about 3.2% of Sunpointe LLC’s investment portfolio, making the stock its 6th largest position. Sunpointe LLC’s holdings in Microsoft were worth $6,394,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Fiduciary Advisors Inc. acquired a new stake in Microsoft during the fourth quarter worth approximately $38,000. IFS Advisors LLC raised its stake in Microsoft by 53.8% during the fourth quarter. IFS Advisors LLC now owns 100 shares of the software giant’s stock worth $42,000 after purchasing an additional 35 shares during the period. Avondale Wealth Management boosted its holdings in shares of Microsoft by 144.4% in the 4th quarter. Avondale Wealth Management now owns 110 shares of the software giant’s stock valued at $46,000 after purchasing an additional 65 shares during the last quarter. MidAtlantic Capital Management Inc. purchased a new stake in shares of Microsoft during the 3rd quarter valued at $62,000. Finally, Kieckhefer Group LLC acquired a new stake in shares of Microsoft during the 4th quarter worth $141,000. 71.13% of the stock is currently owned by hedge funds and other institutional investors.

Microsoft Stock Up 2.1 %

Shares of Microsoft stock 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 current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.13. The business’s 50 day simple moving average is $385.70 and its 200-day simple moving average is $411.70. The stock has a market capitalization of $2.78 trillion, a price-to-earnings ratio of 30.16, a PEG ratio of 2.21 and a beta of 1.00.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share (EPS) 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 quarter last year, the company posted $2.93 earnings per share. Equities research analysts forecast that Microsoft Co. will post 13.08 earnings per share for the current year.

Microsoft Dividend Announcement

The company 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 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 currently 26.73%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. UBS Group reduced their target price on Microsoft from $510.00 to $480.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Guggenheim reaffirmed a “neutral” rating on shares of Microsoft in a research note on Wednesday. DA Davidson raised shares of Microsoft from a “neutral” rating to a “buy” rating and increased their target price for the stock from $425.00 to $450.00 in a research report on Thursday, March 13th. Stifel Nicolaus reduced their price target on shares of Microsoft from $515.00 to $475.00 and set a “buy” rating on the stock in a research report on Friday, March 7th. Finally, BMO Capital Markets decreased their price target on Microsoft from $490.00 to $470.00 and set an “outperform” rating for the company in a report on Wednesday, April 16th. Five analysts have rated the stock with a hold rating and twenty-eight have assigned 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 target price of $494.80.

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.