Microsoft Co. (NASDAQ:MSFT) Shares Purchased by SRN Advisors LLC

SRN Advisors LLC boosted its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 2.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,680 shares of the software giant’s stock after buying an additional 151 shares during the period. Microsoft accounts for 2.1% of SRN Advisors LLC’s investment portfolio, making the stock its 6th largest position. SRN Advisors LLC’s holdings in Microsoft were worth $2,394,000 as of its most recent filing with the SEC.

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

Microsoft Stock Performance

Shares of NASDAQ MSFT opened at $435.28 on Friday. Microsoft Co. has a one year low of $344.79 and a one year high of $468.35. The business’s 50-day moving average price is $384.93 and its two-hundred day moving average price is $411.12. The company has a market capitalization of $3.24 trillion, a P/E ratio of 35.05, a price-to-earnings-growth 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.

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

Microsoft Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Thursday, May 15th will be issued a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date is Thursday, May 15th. Microsoft’s dividend payout ratio (DPR) is 26.73%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on MSFT shares. Scotiabank boosted their target price on Microsoft from $470.00 to $500.00 and gave the company a “sector outperform” rating in a research report on Thursday. The Goldman Sachs Group boosted their price objective on Microsoft from $450.00 to $480.00 and gave the company a “buy” rating in a report on Thursday. Morgan Stanley raised their target price on Microsoft from $472.00 to $482.00 and gave the company an “overweight” rating in a report on Thursday. JPMorgan Chase & Co. boosted their price target on shares of Microsoft from $465.00 to $475.00 and gave the stock an “overweight” rating in a research note on Thursday. Finally, UBS Group reduced their price target on shares of Microsoft from $510.00 to $480.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. Six research analysts have rated the stock with a hold rating and thirty have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $507.77.

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.