Microsoft Co. (NASDAQ:MSFT) is waypoint wealth counsel’s 7th Largest Position

waypoint wealth counsel boosted its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 2.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 16,232 shares of the software giant’s stock after purchasing an additional 338 shares during the period. Microsoft makes up 4.5% of waypoint wealth counsel’s investment portfolio, making the stock its 7th largest holding. waypoint wealth counsel’s holdings in Microsoft were worth $6,842,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of MSFT. Net Worth Advisory Group purchased a new stake in shares of Microsoft in the third quarter valued at about $2,645,000. Oak Ridge Investments LLC raised its stake in shares of Microsoft by 7.6% during the 3rd quarter. Oak Ridge Investments LLC now owns 263,534 shares of the software giant’s stock worth $113,399,000 after buying an additional 18,544 shares in the last quarter. Jacobs & Co. CA grew its holdings in Microsoft by 0.9% during the third quarter. Jacobs & Co. CA now owns 96,021 shares of the software giant’s stock worth $41,318,000 after acquiring an additional 880 shares during the period. Focus Financial Network Inc. raised its position in Microsoft by 2.0% in the third quarter. Focus Financial Network Inc. now owns 76,296 shares of the software giant’s stock worth $32,830,000 after acquiring an additional 1,489 shares in the last quarter. Finally, Campbell Wealth Management purchased a new stake in shares of Microsoft during the 3rd quarter worth $3,314,000. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Microsoft Stock Performance

MSFT opened at $388.70 on Tuesday. The stock’s 50 day moving average price is $411.64 and its two-hundred day moving average price is $420.49. The firm has a market capitalization of $2.89 trillion, a P/E ratio of 31.30, a price-to-earnings-growth ratio of 2.21 and a beta of 0.92. The company has a quick ratio of 1.34, a current ratio of 1.35 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.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings data on Wednesday, January 29th. The software giant reported $3.23 earnings per share for the quarter, beating the consensus estimate 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 posted $2.93 EPS. On average, equities analysts forecast that Microsoft Co. will post 13.08 earnings per share for the current year.

Microsoft Dividend Announcement

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 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date of this dividend is Thursday, May 15th. Microsoft’s dividend payout ratio is currently 26.73%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on MSFT shares. Wedbush reaffirmed an “outperform” rating and issued a $550.00 price objective on shares of Microsoft in a research note on Tuesday, November 19th. Stifel Nicolaus decreased their price objective 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. Piper Sandler reaffirmed an “overweight” rating and issued a $520.00 price target on shares of Microsoft in a report on Monday, January 27th. Morgan Stanley decreased their price objective on Microsoft from $540.00 to $530.00 and set an “overweight” rating on the stock in a research note on Thursday, January 30th. Finally, Mizuho lowered their target price on shares of Microsoft from $510.00 to $500.00 and set an “outperform” rating for the company in a research note on Thursday, January 30th. Three 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, the company currently has a consensus rating of “Moderate Buy” and an average target price of $510.43.

Microsoft Company Profile

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.