1 week Ago By Defense World Staff
Deseret Mutual Benefit Administrators increased its holdings in shares of Microsoft Co. (NASDAQ:MSFT – Free Report) by 4.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC).
The institutional investor owned 3,388 shares of the software giant’s stock after purchasing an additional 133 shares during the quarter. Microsoft accounts for 0.7% of Deseret Mutual Benefit Administrators’ portfolio, making the stock its 23rd biggest holding.
Deseret Mutual Benefit Administrators’ holdings in Microsoft were worth $1,428,000 as of its most recent SEC filing. Several other institutional investors also recently modified their holdings of MSFT. Adamsbrown Wealth Consultants LLC lifted its holdings in Microsoft by 2.
2% in the fourth quarter. Adamsbrown Wealth Consultants LLC now owns 5,967 shares of the software giant’s stock valued at $2,515,000 after acquiring an additional 130 shares during the period. Oak Ridge Investments LLC lifted its stake in shares of Microsoft by 7.
6% in the 3rd quarter. Oak Ridge Investments LLC now owns 263,534 shares of the software giant’s stock worth $113,399,000 after purchasing an additional 18,544 shares during the period. Mcdaniel Terry & Co.
boosted its holdings in shares of Microsoft by 6.1% in the fourth quarter. Mcdaniel Terry & Co.
now owns 315,594 shares of the software giant’s stock worth $133,023,000 after buying an additional 18,052 shares during the last quarter. Focus Financial Network Inc. grew its position in Microsoft by 2.
0% during the third quarter. Focus Financial Network Inc. now owns 76,296 shares of the software giant’s stock valued at $32,830,000 after buying an additional 1,489 shares during the period.
Finally, Campbell Wealth Management purchased a new stake in Microsoft during the third quarter valued at approximately $3,314,000. 71.13% of the stock is owned by hedge funds and other institutional investors.
Microsoft Stock Up 1.2 %Shares of MSFT opened at $391.85 on Friday.
The business’s 50 day simple moving average is $384.93 and its 200-day simple moving average is $411.39.
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 stock has a market capitalization of $2.
91 trillion, a price-to-earnings ratio of 31.55, a price-to-earnings-growth ratio of 2.21 and a beta of 1.
00. Microsoft (NASDAQ:MSFT – Get Free Report) last released its quarterly earnings results on Wednesday, January 29th. The software giant reported $3.
23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.15 by $0.08.
Microsoft had a net margin of 35.43% and a return on equity of 33.36%.
During the same quarter in the prior year, the business earned $2.93 EPS. As a group, equities analysts expect that Microsoft Co.
will post 13.08 earnings per share for the current fiscal year. Microsoft Announces DividendThe business also recently declared a quarterly dividend, which will be paid on Thursday, June 12th.
Investors of record on Thursday, May 15th will be given a $0.83 dividend. The ex-dividend date of this dividend is Thursday, May 15th.
This represents a $3.32 annualized dividend and a yield of 0.85%.
Microsoft’s dividend payout ratio is currently 26.73%. Analyst Upgrades and DowngradesA number of equities research analysts have recently issued reports on the stock.
Jefferies Financial Group reissued a “buy” rating and set a $475.00 price objective (down previously from $500.00) on shares of Microsoft in a research report on Monday, April 7th.
The Goldman Sachs Group cut their price target on Microsoft from $500.00 to $450.00 and set a “buy” rating for the company in a report on Thursday.
Bank of America decreased their price objective on Microsoft from $510.00 to $480.00 and set a “buy” rating on the stock in a research note on Tuesday, April 15th.
Barclays cut their price objective on Microsoft from $475.00 to $430.00 and set an “overweight” rating for the company in a research note on Monday, April 21st.
Finally, Tigress Financial raised their target price on shares of Microsoft from $550.00 to $595.00 and gave the stock a “buy” rating in a research note on Thursday, March 20th.
Five investment analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the stock. According to MarketBeat.com, Microsoft has an average rating of “Moderate Buy” and an average price target of $493.
89.Read Our Latest Stock Analysis on MSFTAbout Microsoft (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.
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