Microsoft Co. (NASDAQ:MSFT) is Dixon Fnancial Services Inc.’s 9th Largest Position

Dixon Fnancial Services Inc. raised its position in Microsoft Co. (NASDAQ:MSFT) by 2.0% during the fourth quarter, HoldingsChannel reports. The firm owned 5,472 shares of the software giant’s stock after buying an additional 106 shares during the quarter. Microsoft accounts for 1.3% of Dixon Fnancial Services Inc.’s holdings, making the stock its 9th biggest position. Dixon Fnancial Services Inc.’s holdings in Microsoft were worth $2,306,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of MSFT. WFA Asset Management Corp boosted its position in shares of Microsoft by 27.0% during the 1st quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant’s stock worth $427,000 after acquiring an additional 216 shares in the last quarter. Ironwood Wealth Management LLC. lifted its stake in Microsoft by 0.3% during the second quarter. Ironwood Wealth Management LLC. now owns 12,658 shares of the software giant’s stock worth $5,658,000 after purchasing an additional 38 shares during the last quarter. AMF Tjanstepension AB boosted its holdings in Microsoft by 1.8% in the third quarter. AMF Tjanstepension AB now owns 2,799,261 shares of the software giant’s stock valued at $1,204,664,000 after purchasing an additional 49,735 shares in the last quarter. Czech National Bank increased its stake in Microsoft by 6.9% in the third quarter. Czech National Bank now owns 1,514,189 shares of the software giant’s stock valued at $651,556,000 after purchasing an additional 97,893 shares during the last quarter. Finally, waypoint wealth counsel raised its holdings in Microsoft by 4.6% during the third quarter. waypoint wealth counsel now owns 15,894 shares of the software giant’s stock worth $6,839,000 after purchasing an additional 696 shares in the last quarter. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Wedbush reaffirmed an “outperform” rating and issued a $550.00 target price on shares of Microsoft in a research report on Thursday. Loop Capital raised their price objective on Microsoft from $500.00 to $550.00 and gave the stock a “buy” rating in a report on Monday, December 23rd. StockNews.com downgraded Microsoft from a “buy” rating to a “hold” rating in a report on Friday, February 28th. Scotiabank started coverage on Microsoft in a research note on Thursday. They set a “sector outperform” rating and a $470.00 price target on the stock. Finally, Mizuho reduced their price objective on Microsoft from $510.00 to $500.00 and set an “outperform” rating for the company in a research note on Thursday, January 30th. Three investment analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company’s stock. According to MarketBeat, Microsoft presently has a consensus rating of “Moderate Buy” and a consensus price target of $510.59.

Microsoft Price Performance

Microsoft stock opened at $386.84 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.34 and a current ratio of 1.35. Microsoft Co. has a one year low of $376.91 and a one year high of $468.35. The company has a market cap of $2.88 trillion, a P/E ratio of 31.15, a price-to-earnings-growth ratio of 2.21 and a beta of 0.92. The business has a fifty day moving average of $409.38 and a two-hundred day moving average of $419.85.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data 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 net margin of 35.43% and a return on equity of 33.36%. During the same period in the previous year, the business earned $2.93 earnings per share. As a group, analysts predict that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The company 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 0.86%. The ex-dividend date is Thursday, May 15th. Microsoft’s dividend payout ratio is currently 26.73%.

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.