Siligmueller & Norvid Wealth Advisors LLC Purchases Shares of 1,841 Microsoft Co. (NASDAQ:MSFT)

Siligmueller & Norvid Wealth Advisors LLC purchased a new position in shares of Microsoft Co. (NASDAQ:MSFT) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,841 shares of the software giant’s stock, valued at approximately $776,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Fiduciary Advisors Inc. purchased a new stake in Microsoft during the 4th quarter worth about $38,000. IFS Advisors LLC lifted its position 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 buying an additional 35 shares during the last quarter. 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 buying an additional 65 shares in the last quarter. MidAtlantic Capital Management Inc. purchased a new position in shares of Microsoft in the 3rd quarter valued at $62,000. Finally, Kieckhefer Group LLC purchased a new stake in shares of Microsoft in the 4th quarter valued at about $141,000. 71.13% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on MSFT shares. Evercore ISI raised their price objective on shares of Microsoft from $435.00 to $500.00 and gave the stock an “outperform” rating in a research report on Thursday. Royal Bank of Canada increased their price target on Microsoft from $500.00 to $525.00 and gave the stock an “outperform” rating in a report on Thursday. Bank of America dropped their price objective on shares of Microsoft from $510.00 to $480.00 and set a “buy” rating on the stock in a research note on Tuesday, April 15th. KeyCorp restated a “sector weight” rating on shares of Microsoft in a research note on Thursday, April 17th. Finally, UBS Group dropped their price objective on Microsoft from $510.00 to $480.00 and set a “buy” rating on the stock in a 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 MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $507.77.

Microsoft Trading Up 2.3 %

Shares of Microsoft stock opened at $435.28 on Friday. The firm has a market cap of $3.24 trillion, a PE ratio of 35.05, a P/E/G ratio of 2.21 and a beta of 1.00. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. Microsoft Co. has a fifty-two week low of $344.79 and a fifty-two week high of $468.35. The business’s fifty day moving average is $384.93 and its two-hundred day moving average is $411.12.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings results on Wednesday, April 30th. The software giant reported $3.46 earnings per share for the quarter, topping analysts’ consensus estimates of $3.22 by $0.24. Microsoft had a net margin of 35.43% and a return on equity of 33.36%. The company had revenue of $70.07 billion for the quarter, compared to the consensus estimate of $68.54 billion. During the same quarter last year, the firm posted $2.94 earnings per share. Microsoft’s revenue was up 13.3% on a year-over-year basis. Analysts anticipate 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. Shareholders of record on Thursday, May 15th will be paid a dividend of $0.83 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.32 annualized dividend and a yield of 0.76%. Microsoft’s dividend payout ratio is presently 26.73%.

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.