Iams Wealth Management LLC Buys 669 Shares of Microsoft Co. (NASDAQ:MSFT)

Iams Wealth Management LLC raised its holdings in Microsoft Co. (NASDAQ:MSFT) by 6.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,068 shares of the software giant’s stock after purchasing an additional 669 shares during the period. Microsoft accounts for approximately 2.1% of Iams Wealth Management LLC’s portfolio, making the stock its 7th largest holding. Iams Wealth Management LLC’s holdings in Microsoft were worth $4,666,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of MSFT. Christopher J. Hasenberg Inc lifted its holdings in shares of Microsoft by 35.7% in the third 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 in the last quarter. IFS Advisors LLC lifted its stake in shares of Microsoft by 53.8% during the fourth quarter. IFS Advisors LLC now owns 100 shares of the software giant’s stock valued at $42,000 after buying an additional 35 shares during the period. Avondale Wealth Management lifted its stake in shares of Microsoft by 144.4% during the fourth quarter. Avondale Wealth Management now owns 110 shares of the software giant’s stock valued at $46,000 after buying an additional 65 shares during the period. MidAtlantic Capital Management Inc. purchased a new position in shares of Microsoft during the third quarter valued at approximately $62,000. Finally, Kieckhefer Group LLC purchased a new position in shares of Microsoft during the fourth quarter valued at approximately $141,000. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Microsoft Stock Up 1.1 %

Shares of NASDAQ MSFT opened at $391.26 on Friday. The firm has a market capitalization of $2.91 trillion, a PE ratio of 31.50, a price-to-earnings-growth ratio of 2.21 and a beta of 0.92. 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 1 year low of $376.91 and a 1 year high of $468.35. The firm’s 50-day moving average is $408.82 and its 200-day moving average is $419.65.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share for the quarter, beating analysts’ consensus estimates 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 prior year, the business posted $2.93 EPS. Equities analysts expect that Microsoft Co. will post 13.08 EPS for the current year.

Microsoft Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Thursday, May 15th will be issued a dividend of $0.83 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.32 annualized dividend and a yield of 0.85%. Microsoft’s dividend payout ratio (DPR) is currently 26.73%.

Analysts Set New Price Targets

Several brokerages recently issued reports on MSFT. StockNews.com downgraded shares of Microsoft from a “buy” rating to a “hold” rating in a research note on Friday, February 28th. Scotiabank began coverage on shares of Microsoft in a report on Thursday. They issued a “sector outperform” rating and a $470.00 price target on the stock. Stifel Nicolaus decreased their price target on shares of Microsoft from $515.00 to $475.00 and set a “buy” rating on the stock in a report on Friday, March 7th. Piper Sandler reiterated an “overweight” rating and issued a $520.00 price target on shares of Microsoft in a report on Monday, January 27th. Finally, Wedbush reiterated an “outperform” rating and issued a $550.00 price target on shares of Microsoft in a report on Thursday. Three equities research analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $510.59.

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.