1 week Ago By ABMN Staff
Deseret Mutual Benefit Administrators boosted its stake in shares of Microsoft Co. ( NASDAQ:MSFT – Free Report ) by 4.1% in the fourth quarter, HoldingsChannel reports.
The institutional investor owned 3,388 shares of the software giant’s stock after purchasing an additional 133 shares during the period. Microsoft comprises approximately 0.7% of Deseret Mutual Benefit Administrators’ holdings, making the stock its 23rd largest position.
Deseret Mutual Benefit Administrators’ holdings in Microsoft were worth $1,428,000 at the end of the most recent quarter. Several other institutional investors also recently bought and sold shares of MSFT. Fiduciary Advisors Inc.
purchased a new stake in shares of Microsoft during the 4th quarter worth $38,000. IFS Advisors LLC grew its stake in Microsoft by 53.8% during the 4th quarter.
IFS Advisors LLC now owns 100 shares of the software giant’s stock valued at $42,000 after purchasing an additional 35 shares during the last quarter. Avondale Wealth Management lifted its stake in Microsoft by 144.4% during 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 3rd quarter worth about $62,000.
Finally, Kieckhefer Group LLC acquired a new position in Microsoft in the fourth quarter valued at approximately $141,000. 71.13% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets A number of research analysts have weighed in on the stock. Westpark Capital began coverage on shares of Microsoft in a report on Tuesday, April 1st. They issued a “hold” rating for the company.
Royal Bank of Canada restated an “outperform” rating and issued a $500.00 price target on shares of Microsoft in a research note on Thursday, January 30th. Cantor Fitzgerald reiterated an “overweight” rating and set a $509.
00 price target on shares of Microsoft in a research report on Wednesday, January 29th. Wedbush dropped their price objective on Microsoft from $550.00 to $475.
00 and set an “outperform” rating on the stock in a report on Thursday, April 10th. Finally, Tigress Financial upped their target price on Microsoft from $550.00 to $595.
00 and gave the stock a “buy” rating in a research note on Thursday, March 20th. Five equities research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company’s stock. Based on data from MarketBeat.
com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $493.89. Microsoft Trading Up 1.
2 % MSFT opened at $391.85 on Friday. 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 firm has a market cap of $2.91 trillion, a P/E ratio of 31.55, a P/E/G ratio of 2.
21 and a beta of 1.00. Microsoft Co.
has a 52 week low of $344.79 and a 52 week high of $468.35.
The business has a fifty day simple moving average of $384.93 and a 200-day simple moving average of $411.39.
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 business posted $2.
93 earnings per share. On average, equities analysts expect that Microsoft Co. will post 13.
08 earnings per share for the current year. Microsoft Dividend Announcement The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Thursday, May 15th will be issued a dividend of $0.
83 per share. The ex-dividend date is Thursday, May 15th. This represents a $3.
32 dividend on an annualized basis and a yield of 0.85%. Microsoft’s dividend payout ratio (DPR) is presently 26.
73%. Microsoft Company 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.
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