Mainstay Capital Management LLC ADV Purchases 1,036 Shares of Microsoft Co. (NASDAQ:MSFT)

Mainstay Capital Management LLC ADV raised its position in Microsoft Co. (NASDAQ:MSFT) by 22.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,742 shares of the software giant’s stock after acquiring an additional 1,036 shares during the period. Microsoft makes up approximately 0.4% of Mainstay Capital Management LLC ADV’s holdings, making the stock its 18th biggest holding. Mainstay Capital Management LLC ADV’s holdings in Microsoft were worth $2,420,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Genesis Wealth Advisors LLC purchased a new position in shares of Microsoft in the fourth quarter worth $585,000. Dover Advisors LLC raised its stake in Microsoft by 0.9% in the 4th quarter. Dover Advisors LLC now owns 32,333 shares of the software giant’s stock worth $13,628,000 after acquiring an additional 301 shares during the last quarter. Conscious Wealth Investments LLC lifted its position in Microsoft by 1.7% during the 4th quarter. Conscious Wealth Investments LLC now owns 7,106 shares of the software giant’s stock worth $3,048,000 after acquiring an additional 116 shares during the period. Capital Advisors Ltd. LLC grew its stake in Microsoft by 0.9% during the 4th quarter. Capital Advisors Ltd. LLC now owns 17,681 shares of the software giant’s stock valued at $7,453,000 after purchasing an additional 157 shares during the last quarter. Finally, Midwest Capital Advisors LLC purchased a new stake in Microsoft during the 4th quarter valued at about $145,000. 71.13% of the stock is owned by hedge funds and other institutional investors.

Microsoft Stock Up 0.7 %

NASDAQ MSFT opened at $394.04 on Wednesday. The business has a fifty day moving average price of $384.02 and a 200 day moving average price of $411.02. 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 company has a market cap of $2.93 trillion, a P/E ratio of 31.73, a P/E/G ratio of 2.21 and a beta of 1.00. Microsoft Co. has a one year low of $344.79 and a one year high of $468.35.

Microsoft (NASDAQ:MSFT) last issued its earnings results on Wednesday, January 29th. The software giant reported $3.23 EPS for the quarter, beating analysts’ consensus estimates 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 in the previous year, the business earned $2.93 earnings per share. Research analysts anticipate that Microsoft Co. will post 13.08 EPS for the current fiscal year.

Microsoft Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders 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 yield of 0.84%. Microsoft’s payout ratio is 26.73%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on MSFT shares. KeyCorp reaffirmed a “sector weight” rating on shares of Microsoft in a report on Thursday, April 17th. Wells Fargo & Company decreased their price objective on shares of Microsoft from $515.00 to $500.00 and set an “overweight” rating for the company in a research note on Monday, April 14th. Morgan Stanley cut their price objective on shares of Microsoft from $530.00 to $472.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 16th. Tigress Financial boosted their target price on shares of Microsoft from $550.00 to $595.00 and gave the company a “buy” rating in a research report on Thursday, March 20th. Finally, BMO Capital Markets cut their price target on Microsoft from $490.00 to $470.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 16th. Five research analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company’s stock. According to MarketBeat.com, Microsoft presently has a consensus rating of “Moderate Buy” and an average target price of $493.89.

About Microsoft

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.