Sound Stewardship LLC Acquires 390 Shares of Microsoft Co. (NASDAQ:MSFT)

Sound Stewardship LLC lifted its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 17.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 2,575 shares of the software giant’s stock after buying an additional 390 shares during the quarter. Sound Stewardship LLC’s holdings in Microsoft were worth $1,085,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in MSFT. Christopher J. Hasenberg Inc lifted its stake in shares of Microsoft by 35.7% in the 3rd 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 during the last quarter. IFS Advisors LLC increased its stake in Microsoft by 53.8% in 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 lifted its position in Microsoft by 144.4% in the fourth quarter. Avondale Wealth Management now owns 110 shares of the software giant’s stock valued at $46,000 after purchasing an additional 65 shares during the last quarter. MidAtlantic Capital Management Inc. purchased a new stake in shares of Microsoft during the third quarter valued at approximately $62,000. Finally, Kieckhefer Group LLC bought a new position in shares of Microsoft in the fourth quarter worth approximately $141,000. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Microsoft Trading Up 1.1 %

NASDAQ MSFT opened at $387.82 on Thursday. The stock has a market cap of $2.88 trillion, a PE ratio of 31.23, a PEG ratio of 2.21 and a beta of 0.92. Microsoft Co. has a 12 month low of $376.91 and a 12 month high of $468.35. The company’s 50-day moving average price is $410.13 and its 200-day moving average price is $420.08. 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 (NASDAQ:MSFT) last announced its quarterly earnings results on Wednesday, January 29th. The software giant reported $3.23 EPS 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 quarter last year, the company earned $2.93 EPS. Equities research analysts forecast that Microsoft Co. will post 13.08 earnings per share for the current year.

Microsoft Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Thursday, May 15th will be given a dividend of $0.83 per share. The ex-dividend date is Thursday, May 15th. This represents a $3.32 dividend on an annualized basis and a yield of 0.86%. Microsoft’s payout ratio is 26.73%.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Royal Bank of Canada reissued an “outperform” rating and set a $500.00 price target on shares of Microsoft in a research report on Thursday, January 30th. UBS Group dropped their target price on shares of Microsoft from $525.00 to $510.00 and set a “buy” rating for the company in a report on Thursday, January 30th. Loop Capital boosted their price target on Microsoft from $500.00 to $550.00 and gave the company a “buy” rating in a report on Monday, December 23rd. Piper Sandler reiterated an “overweight” rating and issued a $520.00 price objective on shares of Microsoft in a report on Monday, January 27th. Finally, Stifel Nicolaus reduced their target price on Microsoft from $515.00 to $475.00 and set a “buy” rating on the stock in a research note on Friday, March 7th. Three investment analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $510.43.

Microsoft 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.