Allegiance Financial Group Advisory Services LLC Has $17.13 Million Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

Allegiance Financial Group Advisory Services LLC lifted its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 1.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 40,630 shares of the software giant’s stock after purchasing an additional 546 shares during the quarter. Microsoft accounts for 5.5% of Allegiance Financial Group Advisory Services LLC’s holdings, making the stock its 4th largest position. Allegiance Financial Group Advisory Services LLC’s holdings in Microsoft were worth $17,126,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Adamsbrown Wealth Consultants LLC raised its position in shares of Microsoft by 2.2% in the 4th quarter. Adamsbrown Wealth Consultants LLC now owns 5,967 shares of the software giant’s stock valued at $2,515,000 after buying an additional 130 shares in the last quarter. Mcdaniel Terry & Co. increased its stake in Microsoft by 6.1% in the fourth quarter. Mcdaniel Terry & Co. now owns 315,594 shares of the software giant’s stock valued at $133,023,000 after acquiring an additional 18,052 shares during the last quarter. Centric Wealth Management raised its position in Microsoft by 0.7% during the third quarter. Centric Wealth Management now owns 16,156 shares of the software giant’s stock valued at $6,789,000 after purchasing an additional 112 shares in the last quarter. 1900 Wealth Management LLC lifted its stake in Microsoft by 3.0% during the fourth quarter. 1900 Wealth Management LLC now owns 10,140 shares of the software giant’s stock worth $4,274,000 after purchasing an additional 294 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its holdings in shares of Microsoft by 2.4% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 9,250,128 shares of the software giant’s stock valued at $3,980,299,000 after purchasing an additional 217,509 shares in the last quarter. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on MSFT shares. Raymond James upped their price objective on Microsoft from $480.00 to $490.00 and gave the stock an “outperform” rating in a research report on Thursday. Mizuho increased their target price on shares of Microsoft from $475.00 to $500.00 and gave the stock an “outperform” rating in a report on Thursday. Guggenheim reaffirmed a “neutral” rating on shares of Microsoft in a report on Thursday. Piper Sandler reissued a “neutral” rating on shares of Microsoft in a research note on Thursday. Finally, KeyCorp restated a “sector weight” rating on shares of Microsoft in a research report on Thursday, April 17th. Six analysts have rated the stock with a hold rating and thirty have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $507.77.

Microsoft Stock Performance

Shares of MSFT opened at $435.28 on Friday. The firm’s fifty day simple moving average is $384.93 and its two-hundred day simple moving average is $411.07. Microsoft Co. has a 12 month low of $344.79 and a 12 month high of $468.35. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.13. The stock 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.

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

Microsoft Dividend Announcement

The business also recently announced 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 0.76%. The ex-dividend date is Thursday, May 15th. Microsoft’s dividend payout ratio is presently 26.73%.

Microsoft Company 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.