Kaufman Rossin Wealth LLC Purchases Shares of 2,028 Microsoft Co. (NASDAQ:MSFT)

Kaufman Rossin Wealth LLC purchased a new stake in shares of Microsoft Co. (NASDAQ:MSFT) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 2,028 shares of the software giant’s stock, valued at approximately $855,000. Microsoft accounts for approximately 0.9% of Kaufman Rossin Wealth LLC’s investment portfolio, making the stock its 18th biggest holding.

A number of other large investors have also made changes to their positions in MSFT. Christopher J. Hasenberg Inc grew its stake in shares of 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 acquiring an additional 25 shares during the period. IFS Advisors LLC grew its stake in shares of Microsoft by 53.8% during the 4th quarter. IFS Advisors LLC now owns 100 shares of the software giant’s stock valued at $42,000 after acquiring an additional 35 shares during the period. Avondale Wealth Management grew its stake in shares of Microsoft by 144.4% during the 4th quarter. Avondale Wealth Management now owns 110 shares of the software giant’s stock valued at $46,000 after acquiring an additional 65 shares during the period. MidAtlantic Capital Management Inc. bought a new position in Microsoft in the 3rd quarter worth approximately $62,000. Finally, Kieckhefer Group LLC bought a new position in Microsoft in the 4th quarter worth approximately $141,000. 71.13% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Tigress Financial upped their price target on Microsoft from $550.00 to $595.00 and gave the stock a “buy” rating in a research note on Thursday. StockNews.com downgraded Microsoft from a “buy” rating to a “hold” rating in a research note on Friday, February 28th. Wedbush restated an “outperform” rating and issued a $550.00 price target on shares of Microsoft in a research note on Thursday. Royal Bank of Canada restated an “outperform” rating and issued a $500.00 price target on shares of Microsoft in a research note on Thursday, January 30th. Finally, Guggenheim reaffirmed a “neutral” rating on shares of Microsoft in a report on Friday, January 24th. Three research analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $510.59.

Microsoft Price Performance

MSFT opened at $391.26 on Friday. Microsoft Co. has a 12-month low of $376.91 and a 12-month high of $468.35. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.13. The business’s fifty day simple moving average is $408.82 and its 200-day simple moving average is $419.65. The company has a market capitalization of $2.91 trillion, a price-to-earnings ratio of 31.50, a PEG ratio of 2.21 and a beta of 0.92.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings data 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 return on equity of 33.36% and a net margin of 35.43%. During the same quarter in the prior year, the company earned $2.93 EPS. On average, equities research analysts anticipate that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The business also recently disclosed 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. This represents a $3.32 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date is Thursday, May 15th. Microsoft’s 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.