Quattro Financial Advisors LLC boosted its holdings in Microsoft Co. (NASDAQ:MSFT – Free Report) by 10.5% in the fourth quarter, Holdings Channel reports. The firm owned 105,020 shares of the software giant’s stock after purchasing an additional 9,973 shares during the quarter. Microsoft comprises about 12.0% of Quattro Financial Advisors LLC’s holdings, making the stock its biggest position. Quattro Financial Advisors LLC’s holdings in Microsoft were worth $46,203,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. BCK Partners Inc. grew its stake in Microsoft by 1.8% in the 3rd quarter. BCK Partners Inc. now owns 1,353 shares of the software giant’s stock worth $582,000 after acquiring an additional 24 shares in the last quarter. Muirfield Wealth Advisors LLC boosted its holdings in shares of Microsoft by 0.5% in the fourth quarter. Muirfield Wealth Advisors LLC now owns 4,427 shares of the software giant’s stock valued at $1,866,000 after purchasing an additional 24 shares during the period. Sequent Asset Management LLC boosted its holdings in shares of Microsoft by 1.3% in the third quarter. Sequent Asset Management LLC now owns 1,983 shares of the software giant’s stock valued at $853,000 after purchasing an additional 25 shares during the period. Cypress Point Wealth Management LLC grew its stake in Microsoft by 0.8% in the third quarter. Cypress Point Wealth Management LLC now owns 3,208 shares of the software giant’s stock worth $1,380,000 after purchasing an additional 25 shares in the last quarter. Finally, Riverstone Advisors LLC increased its holdings in Microsoft by 0.6% during the 3rd quarter. Riverstone Advisors LLC now owns 4,510 shares of the software giant’s stock worth $1,941,000 after purchasing an additional 25 shares during the period. 71.13% of the stock is currently owned by institutional investors and hedge funds.
Microsoft Stock Down 3.6 %
Shares of NASDAQ MSFT opened at $359.84 on Friday. Microsoft Co. has a 52-week low of $359.48 and a 52-week high of $468.35. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. The company’s 50-day simple moving average is $399.08 and its 200-day simple moving average is $417.30. The firm has a market cap of $2.68 trillion, a price-to-earnings ratio of 28.97, a price-to-earnings-growth ratio of 2.21 and a beta of 1.00.
Microsoft (NASDAQ:MSFT – Get Free Report) last announced its earnings results on Wednesday, January 29th. The software giant reported $3.23 EPS for the quarter, beating analysts’ consensus estimates of $3.15 by $0.08. Microsoft had a return on equity of 33.36% and a net margin of 35.43%. During the same quarter in the previous year, the company earned $2.93 earnings per share. Equities analysts predict that Microsoft Co. will post 13.08 EPS for the current fiscal year.
Microsoft Dividend Announcement
The firm also recently disclosed 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. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.32 annualized dividend and a yield of 0.92%. Microsoft’s dividend payout ratio is presently 26.73%.
Analyst Upgrades and Downgrades
Several research firms recently weighed in on MSFT. Cantor Fitzgerald restated an “overweight” rating and issued a $509.00 price objective on shares of Microsoft in a report on Wednesday, January 29th. Morgan Stanley lowered their price target on shares of Microsoft from $540.00 to $530.00 and set an “overweight” rating for the company in a research report on Thursday, January 30th. Scotiabank initiated coverage on shares of Microsoft in a research note on Thursday, March 20th. They set a “sector outperform” rating and a $470.00 price objective on the stock. Loop Capital boosted their price target on Microsoft from $500.00 to $550.00 and gave the stock a “buy” rating in a research report on Monday, December 23rd. Finally, Jefferies Financial Group decreased their target price on shares of Microsoft from $550.00 to $500.00 and set a “buy” rating for the company in a research report on Monday, March 31st. Four research analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Microsoft currently has an average rating of “Moderate Buy” and an average price target of $508.86.
Read Our Latest Stock Report on MSFT
Microsoft Profile
(Free Report)
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.
Featured Articles
Want to see what other hedge funds are holding MSFT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Microsoft Co. (NASDAQ:MSFT – Free Report).
Receive News & Ratings for Microsoft Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Microsoft and related companies with MarketBeat.com’s FREE daily email newsletter.
