Daner Wealth Management LLC Takes $210,000 Position in Microsoft Co. (NASDAQ:MSFT)

Daner Wealth Management LLC purchased a new stake in Microsoft Co. (NASDAQ:MSFT) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 506 shares of the software giant’s stock, valued at approximately $210,000.

Other large investors also recently bought and sold shares of the company. Assenagon Asset Management S.A. increased its holdings in shares of Microsoft by 76.6% in the 4th quarter. Assenagon Asset Management S.A. now owns 10,532,402 shares of the software giant’s stock valued at $4,439,407,000 after purchasing an additional 4,568,539 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Microsoft by 2.0% during the 3rd quarter. Geode Capital Management LLC now owns 165,024,812 shares of the software giant’s stock worth $70,790,682,000 after purchasing an additional 3,264,648 shares during the last quarter. Baillie Gifford & Co. lifted its position in shares of Microsoft by 46.1% in the third quarter. Baillie Gifford & Co. now owns 7,048,244 shares of the software giant’s stock valued at $3,032,859,000 after acquiring an additional 2,222,483 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Microsoft by 4.1% during 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 worth $23,490,417,000 after purchasing an additional 2,125,030 shares during the last quarter. Finally, Strategic Financial Concepts LLC boosted its position in Microsoft by 43,900.4% during the fourth quarter. Strategic Financial Concepts LLC now owns 2,042,499 shares of the software giant’s stock worth $860,913,000 after acquiring an additional 2,037,857 shares during the last quarter. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Analyst Ratings Changes

MSFT has been the topic of several recent analyst reports. JPMorgan Chase & Co. increased their target price on Microsoft from $465.00 to $475.00 and gave the stock an “overweight” rating in a research report on Thursday. Guggenheim reiterated a “neutral” rating on shares of Microsoft in a report on Thursday. KeyCorp restated a “sector weight” rating on shares of Microsoft in a report on Thursday, April 17th. Morgan Stanley increased their price target on shares of Microsoft from $472.00 to $482.00 and gave the stock an “overweight” rating in a research note on Thursday. Finally, Stifel Nicolaus boosted their price objective on shares of Microsoft from $475.00 to $500.00 and gave the company a “buy” rating in a research note on Thursday. Six analysts have rated the stock with a hold rating and thirty have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $507.77.

Microsoft Stock Up 7.6 %

Shares of Microsoft stock opened at $425.40 on Friday. Microsoft Co. has a 1-year low of $344.79 and a 1-year high of $468.35. The company has a market capitalization of $3.16 trillion, a PE ratio of 34.25, a P/E/G ratio of 2.21 and a beta of 1.00. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.34. The business has a 50-day moving average of $384.18 and a 200-day moving average of $411.01.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings data on Wednesday, April 30th. The software giant reported $3.46 earnings per share for the quarter, beating analysts’ consensus estimates of $3.22 by $0.24. Microsoft had a return on equity of 33.36% and a net margin of 35.43%. The firm had revenue of $70.07 billion during the quarter, compared to analyst estimates of $68.54 billion. During the same quarter last year, the firm earned $2.94 EPS. Microsoft’s quarterly revenue was up 13.3% on a year-over-year basis. As a group, equities analysts forecast that Microsoft Co. will post 13.08 EPS for the current fiscal year.

Microsoft Announces Dividend

The company also recently disclosed 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 0.78%. The ex-dividend date is Thursday, May 15th. Microsoft’s dividend payout ratio (DPR) is presently 26.73%.

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.