Eudaimonia Advisors LLC lifted its stake in Microsoft Co. (NASDAQ:MSFT – Get Rating) by 0.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,947 shares of the software giant’s stock after purchasing an additional 113 shares during the quarter. Microsoft accounts for 2.3% of Eudaimonia Advisors LLC’s portfolio, making the stock its 8th largest position. Eudaimonia Advisors LLC’s holdings in Microsoft were worth $3,345,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in the stock. Monumental Financial Group Inc. bought a new position in Microsoft during the first quarter valued at approximately $28,000. Iron Horse Wealth Management LLC bought a new position in Microsoft during the fourth quarter valued at approximately $26,000. Hanseatic Management Services Inc. raised its position in Microsoft by 71.4% during the third quarter. Hanseatic Management Services Inc. now owns 132 shares of the software giant’s stock valued at $31,000 after acquiring an additional 55 shares in the last quarter. Retirement Financial Solutions LLC bought a new position in shares of Microsoft in the fourth quarter valued at approximately $40,000. Finally, Macroview Investment Management LLC bought a new position in shares of Microsoft in the fourth quarter valued at approximately $61,000. 69.15% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of research firms have recently commented on MSFT. Mizuho lifted their price target on shares of Microsoft from $300.00 to $315.00 and gave the company a “buy” rating in a research report on Friday, March 17th. Cowen dropped their price target on shares of Microsoft from $285.00 to $280.00 and set an “outperform” rating on the stock in a research report on Thursday, January 19th. Royal Bank of Canada reissued an “outperform” rating and issued a $285.00 price target on shares of Microsoft in a research report on Friday, March 17th. Piper Sandler lifted their price target on shares of Microsoft from $247.00 to $290.00 and gave the company an “overweight” rating in a research report on Wednesday, February 8th. Finally, Wedbush lifted their price target on shares of Microsoft from $290.00 to $315.00 and gave the company an “outperform” rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and twenty-seven have assigned a buy rating to the company’s stock. According to MarketBeat, Microsoft presently has an average rating of “Moderate Buy” and a consensus target price of $292.95.
Insider Activity at Microsoft
Microsoft Stock Down 1.3 %
Shares of NASDAQ:MSFT opened at $286.14 on Friday. Microsoft Co. has a 52 week low of $213.43 and a 52 week high of $294.18. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.89 and a current ratio of 1.93. The company’s fifty day moving average is $268.51 and its 200-day moving average is $249.95. The company has a market capitalization of $2.13 trillion, a PE ratio of 31.79, a P/E/G ratio of 2.50 and a beta of 0.93.
Microsoft (NASDAQ:MSFT – Get Rating) last issued its earnings results on Tuesday, January 24th. The software giant reported $2.32 EPS for the quarter, beating the consensus estimate of $2.27 by $0.05. Microsoft had a net margin of 33.05% and a return on equity of 39.87%. The company had revenue of $52.75 billion for the quarter, compared to the consensus estimate of $53.17 billion. During the same quarter in the previous year, the company earned $2.48 EPS. The firm’s revenue for the quarter was up 2.0% compared to the same quarter last year. Equities research analysts predict that Microsoft Co. will post 9.31 earnings per share for the current fiscal year.
Microsoft Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 6th. Investors of record on Thursday, May 18th will be issued a $0.68 dividend. The ex-dividend date is Wednesday, May 17th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 0.95%. Microsoft’s dividend payout ratio is 30.22%.
About Microsoft
Microsoft Corp. engages in the development and support of software, services, devices, and solutions. It operates through the following business segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. The Productivity and Business Processes segment consists of Office Commercial (Office 365 subscriptions, the Office 365 portion of Microsoft 365 Commercial subscriptions, and Office licensed on-premises), Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, and Skype for Business, Office Consumer, including Microsoft 365 Consumer subscriptions, Office licensed on-premises, and other Office services, LinkedIn, including Talent Solutions, Marketing Solutions, Premium Subscriptions, Sales Solutions, and Learning Solutions, Dynamics business solutions, including Dynamics 365, comprising a set of intelligent, cloud-based applications across ERP, CRM, Customer Insights, Power Apps, and Power Automate, and on-premises ERP and CRM applications.
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