Cora Capital Advisors LLC Has $3.43 Million Stock Position in Microsoft Co. (NASDAQ:MSFT)

Cora Capital Advisors LLC reduced its position in shares of Microsoft Co. (NASDAQ:MSFT) by 3.1% in the 4th quarter, Holdings Channel reports. The firm owned 8,135 shares of the software giant’s stock after selling 256 shares during the period. Microsoft accounts for approximately 1.7% of Cora Capital Advisors LLC’s holdings, making the stock its 12th largest position. Cora Capital Advisors LLC’s holdings in Microsoft were worth $3,429,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. BCK Partners Inc. increased its stake in Microsoft by 1.8% in the 3rd quarter. BCK Partners Inc. now owns 1,353 shares of the software giant’s stock worth $582,000 after buying an additional 24 shares during the period. Global Wealth Strategies & Associates increased its stake in Microsoft by 0.8% in the 3rd quarter. Global Wealth Strategies & Associates now owns 2,997 shares of the software giant’s stock worth $1,290,000 after buying an additional 25 shares during the period. Christopher J. Hasenberg Inc increased its position in Microsoft by 35.7% during the 3rd quarter. Christopher J. Hasenberg Inc now owns 95 shares of the software giant’s stock valued at $39,000 after purchasing an additional 25 shares during the period. Sequent Asset Management LLC increased its position in Microsoft by 1.3% during the 3rd quarter. Sequent Asset Management LLC now owns 1,983 shares of the software giant’s stock valued at $853,000 after purchasing an additional 25 shares during the period. Finally, Cypress Point Wealth Management LLC increased its position in Microsoft by 0.8% during the 3rd quarter. Cypress Point Wealth Management LLC now owns 3,208 shares of the software giant’s stock valued at $1,380,000 after purchasing an additional 25 shares during the period. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MSFT has been the topic of a number of research reports. Stifel Nicolaus cut their target price on shares of Microsoft from $515.00 to $475.00 and set a “buy” rating on the stock in a research report on Friday, March 7th. StockNews.com downgraded shares of Microsoft from a “buy” rating to a “hold” rating in a research report on Friday, February 28th. Piper Sandler reissued an “overweight” rating and set a $520.00 target price on shares of Microsoft in a research report on Monday, January 27th. Mizuho cut their target price on shares of Microsoft from $510.00 to $500.00 and set an “outperform” rating on the stock in a research report on Thursday, January 30th. Finally, Loop Capital raised their target price on shares of Microsoft from $500.00 to $550.00 and gave the company a “buy” rating in a research report on Monday, December 23rd. Three equities research analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $510.43.

Microsoft Stock Performance

Shares of NASDAQ MSFT opened at $388.56 on Monday. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.13. Microsoft Co. has a 12 month low of $376.91 and a 12 month high of $468.35. The company has a 50 day simple moving average of $412.43 and a two-hundred day simple moving average of $420.64. The stock has a market cap of $2.89 trillion, a price-to-earnings ratio of 31.29, a PEG ratio of 2.21 and a beta of 0.92.

Microsoft (NASDAQ:MSFT) last posted its earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share (EPS) for the quarter, beating 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 period in the previous year, the company posted $2.93 earnings per share. As a group, analysts predict that Microsoft Co. will post 13.08 earnings per share for the current year.

Microsoft Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Thursday, May 15th will be issued a $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 0.85%. The ex-dividend date is Thursday, May 15th. Microsoft’s 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.