Sincerus Advisory LLC Buys New Stake in Microsoft Co. (NASDAQ:MSFT)

Sincerus Advisory LLC purchased a new position in shares of Microsoft Co. (NASDAQ:MSFT) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 775 shares of the software giant’s stock, valued at approximately $327,000.

Other institutional investors also recently added to or reduced their stakes in the company. Red Crane Wealth Management LLC bought a new position in Microsoft in the 4th quarter valued at $596,000. Checchi Capital Advisers LLC increased its stake in shares of Microsoft by 2.1% in the fourth quarter. Checchi Capital Advisers LLC now owns 88,123 shares of the software giant’s stock valued at $37,144,000 after buying an additional 1,829 shares in the last quarter. LifeGoal Wealth Advisors bought a new position in shares of Microsoft in the fourth quarter valued at about $572,000. Impact Investors Inc acquired a new position in Microsoft during the 4th quarter worth about $1,989,000. Finally, Siligmueller & Norvid Wealth Advisors LLC bought a new stake in Microsoft during the 4th quarter worth about $776,000. 71.13% of the stock is owned by institutional investors and hedge funds.

Microsoft Stock Up 2.3 %

NASDAQ MSFT opened at $435.28 on Friday. The business’s 50-day moving average is $384.93 and its 200 day moving average is $411.12. The stock has a market capitalization of $3.24 trillion, a PE ratio of 35.05, a PEG 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 Co. has a 1 year low of $344.79 and a 1 year high of $468.35.

Microsoft (NASDAQ:MSFT) last announced its earnings results 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 net margin of 35.43% and a return on equity of 33.36%. The firm had revenue of $70.07 billion for the quarter, compared to analyst estimates of $68.54 billion. During the same quarter in the previous year, the firm posted $2.94 EPS. The company’s revenue for the quarter was up 13.3% compared to the same quarter last year. Sell-side analysts forecast that Microsoft Co. will post 13.08 earnings per share for the current year.

Microsoft Announces Dividend

The company also recently disclosed 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 dividend on an annualized basis and a yield of 0.76%. Microsoft’s dividend payout ratio is currently 26.73%.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Guggenheim restated a “neutral” rating on shares of Microsoft in a research report on Thursday. The Goldman Sachs Group boosted their target price on Microsoft from $450.00 to $480.00 and gave the stock a “buy” rating in a research report on Thursday. TD Securities raised their price target on Microsoft from $475.00 to $490.00 and gave the company a “buy” rating in a report on Thursday. KeyCorp reissued a “sector weight” rating on shares of Microsoft in a report on Thursday, April 17th. Finally, Wells Fargo & Company raised their target price on shares of Microsoft from $500.00 to $515.00 and gave the company an “overweight” rating in a research note on Thursday. Six equities research analysts have rated the stock with a hold rating and thirty have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $507.77.

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.