By otakuyassine3@gmail.com 
Elevate Capital Advisors LLC bought a new position in shares of Microsoft Co. (NASDAQ:MSFT – Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 10,165 shares of the software giant’s stock, valued at approximately $4,285,000. Microsoft makes up about 3.8% of Elevate Capital Advisors LLC’s holdings, making the stock its 7th biggest holding.
Other large investors have also modified their holdings of the company. Net Worth Advisory Group purchased a new stake in Microsoft in the 3rd quarter valued at $2,645,000. Adamsbrown Wealth Consultants LLC boosted its position in shares of Microsoft by 2.2% during the 4th 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 last quarter. Oak Ridge Investments LLC grew its holdings in shares of Microsoft by 7.6% in the third quarter. Oak Ridge Investments LLC now owns 263,534 shares of the software giant’s stock valued at $113,399,000 after purchasing an additional 18,544 shares during the period. Focus Financial Network Inc. increased 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 worth $32,830,000 after purchasing an additional 1,489 shares during the last quarter. Finally, Campbell Wealth Management purchased a new position in Microsoft during the third quarter worth about $3,314,000. Hedge funds and other institutional investors own 71.13% of the company’s stock.
Wall Street Analysts Forecast Growth
Several analysts have recently weighed in on MSFT shares. Loop Capital increased their price target on shares of Microsoft from $500.00 to $550.00 and gave the company a “buy” rating in a research note on Monday, December 23rd. Guggenheim reiterated a “neutral” rating on shares of Microsoft in a research report on Friday, January 24th. Royal Bank of Canada restated an “outperform” rating and issued a $500.00 target price on shares of Microsoft in a research report on Thursday, January 30th. Scotiabank initiated coverage on Microsoft in a report on Thursday, March 20th. They set a “sector outperform” rating and a $470.00 price target for the company. Finally, Stifel Nicolaus cut their price objective on Microsoft from $515.00 to $475.00 and set a “buy” rating for the company in a research report on Friday, March 7th. Four research analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company. According to data from MarketBeat.com, Microsoft currently has a consensus rating of “Moderate Buy” and an average target price of $508.00.
Check Out Our Latest Report on MSFT
Microsoft Stock Performance
Shares of Microsoft stock opened at $354.56 on Wednesday. The business has a 50-day simple moving average of $393.94 and a 200-day simple moving average of $415.52. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.34 and a current ratio of 1.35. Microsoft Co. has a one year low of $344.79 and a one year high of $468.35. The company has a market cap of $2.64 trillion, a PE ratio of 28.55, a P/E/G ratio of 2.21 and a beta of 1.00.
Microsoft (NASDAQ:MSFT – Get Free Report) last posted its quarterly earnings results on Wednesday, January 29th. The software giant reported $3.23 EPS for the quarter, topping the consensus estimate 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 previous year, the firm posted $2.93 earnings per share. On average, equities research analysts forecast that Microsoft Co. will post 13.08 EPS for the current fiscal year.
Microsoft Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Thursday, May 15th will be paid a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date is Thursday, May 15th. Microsoft’s dividend payout ratio is presently 26.73%.
About Microsoft
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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