Andina Capital Management LLC Acquires 26 Shares of Microsoft Co. (NASDAQ:MSFT)

Andina Capital Management LLC increased its stake in Microsoft Co. (NASDAQ:MSFT) by 3.2% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 847 shares of the software giant’s stock after acquiring an additional 26 shares during the quarter. Andina Capital Management LLC’s holdings in Microsoft were worth $357,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Christopher J. Hasenberg Inc raised its stake in shares of Microsoft by 35.7% during the third quarter. Christopher J. Hasenberg Inc now owns 95 shares of the software giant’s stock valued at $39,000 after acquiring an additional 25 shares in the last quarter. IFS Advisors LLC increased its holdings in Microsoft by 53.8% during the 4th quarter. IFS Advisors LLC now owns 100 shares of the software giant’s stock worth $42,000 after purchasing an additional 35 shares during the period. Avondale Wealth Management raised its position 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 purchasing an additional 65 shares in the last quarter. MidAtlantic Capital Management Inc. purchased a new stake in shares of Microsoft in the 3rd quarter worth $62,000. Finally, Kieckhefer Group LLC bought a new position in shares of Microsoft during the 4th quarter worth $141,000. Institutional investors own 71.13% of the company’s stock.

Microsoft Stock Up 2.6 %

Microsoft stock opened at $388.56 on Friday. The business’s 50-day simple moving average is $412.43 and its two-hundred day simple moving average is $420.59. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.34 and a current ratio of 1.35. The company has a market cap of $2.89 trillion, a PE ratio of 31.29, a PEG ratio of 2.21 and a beta of 0.92. Microsoft Co. has a fifty-two week low of $376.91 and a fifty-two week high of $468.35.

Microsoft (NASDAQ:MSFT) last issued 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 period last year, the company earned $2.93 EPS. Equities analysts anticipate that Microsoft Co. will post 13.08 EPS for the current year.

Microsoft Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Investors 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 annualized dividend and a dividend yield of 0.85%. Microsoft’s dividend payout ratio (DPR) is presently 26.73%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Morgan Stanley lowered their price objective on shares of Microsoft from $540.00 to $530.00 and set an “overweight” rating for the company in a research note on Thursday, January 30th. Loop Capital upped their price target on shares of Microsoft from $500.00 to $550.00 and gave the stock a “buy” rating in a research report on Monday, December 23rd. Wedbush reissued an “outperform” rating and set a $550.00 price objective on shares of Microsoft in a report on Tuesday, November 19th. DA Davidson upgraded Microsoft from a “neutral” rating to a “buy” rating and upped their target price for the stock from $425.00 to $450.00 in a report on Thursday. Finally, UBS Group cut their price target on Microsoft from $525.00 to $510.00 and set a “buy” rating on the stock in a report on Thursday, January 30th. Three equities research analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Microsoft presently has an average rating of “Moderate Buy” and an average target price of $510.43.

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.