Veridan Wealth LLC Makes New $1.41 Million Investment in Microsoft Co. (NASDAQ:MSFT)

Veridan Wealth LLC acquired a new stake in Microsoft Co. (NASDAQ:MSFT) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 3,419 shares of the software giant’s stock, valued at approximately $1,405,000.

Several other institutional investors also recently modified their holdings of MSFT. Fiduciary Advisors Inc. bought a new position in shares of Microsoft in the fourth quarter valued at about $38,000. IFS Advisors LLC grew its stake in Microsoft by 53.8% in the 4th quarter. IFS Advisors LLC now owns 100 shares of the software giant’s stock valued at $42,000 after buying an additional 35 shares during the last quarter. Avondale Wealth Management raised its holdings in 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 acquiring an additional 65 shares during the period. MidAtlantic Capital Management Inc. acquired a new stake in Microsoft during the third quarter worth approximately $62,000. Finally, Kieckhefer Group LLC acquired a new position in shares of Microsoft in the fourth quarter valued at approximately $141,000. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Microsoft Stock Up 0.2 %

Shares of NASDAQ MSFT opened at $436.17 on Tuesday. Microsoft Co. has a 1 year low of $344.79 and a 1 year high of $468.35. 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 firm has a market cap of $3.24 trillion, a PE ratio of 35.12, a price-to-earnings-growth ratio of 2.21 and a beta of 0.99. The company has a 50 day simple moving average of $385.66 and a 200 day simple moving average of $411.17.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings results on Wednesday, April 30th. The software giant reported $3.46 EPS for the quarter, topping 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%. Microsoft’s revenue was up 13.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.94 earnings per share. On average, research analysts forecast that Microsoft Co. will post 13.08 EPS for the current year.

Microsoft Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 15th will be paid a $0.83 dividend. The ex-dividend date is Thursday, May 15th. This represents a $3.32 annualized dividend and a dividend yield of 0.76%. Microsoft’s payout ratio is 25.66%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. TD Securities lifted their price target on Microsoft from $475.00 to $490.00 and gave the stock a “buy” rating in a report on Thursday, May 1st. Tigress Financial boosted their target price on shares of Microsoft from $550.00 to $595.00 and gave the company a “buy” rating in a research report on Thursday, March 20th. Raymond James raised their price target on shares of Microsoft from $480.00 to $490.00 and gave the stock an “outperform” rating in a research report on Thursday, May 1st. Wedbush boosted their price objective on shares of Microsoft from $475.00 to $515.00 and gave the company an “outperform” rating in a report on Thursday, May 1st. Finally, StockNews.com raised shares of Microsoft from a “hold” rating to a “buy” rating in a report on Monday. Five analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the company. According to data from MarketBeat, Microsoft presently has a consensus rating of “Moderate Buy” and a consensus target price of $507.77.

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.