Granite Harbor Advisors Inc. Has $3.21 Million Holdings in Microsoft Co. (NASDAQ:MSFT)

Granite Harbor Advisors Inc. raised its position in Microsoft Co. (NASDAQ:MSFT) by 2.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,617 shares of the software giant’s stock after purchasing an additional 151 shares during the quarter. Microsoft accounts for approximately 1.8% of Granite Harbor Advisors Inc.’s holdings, making the stock its 17th largest holding. Granite Harbor Advisors Inc.’s holdings in Microsoft were worth $3,211,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Fiduciary Advisors Inc. bought a new stake in Microsoft in the 4th quarter valued at approximately $38,000. Christopher J. Hasenberg Inc lifted its position 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 worth $39,000 after purchasing an additional 25 shares in the last quarter. IFS Advisors LLC boosted its holdings in Microsoft by 53.8% during the fourth 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 last quarter. Avondale Wealth Management grew 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 in the last quarter. Finally, MidAtlantic Capital Management Inc. acquired a new stake in Microsoft in the 3rd quarter valued at $62,000. 71.13% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Scotiabank assumed coverage on Microsoft in a report on Thursday, March 20th. They issued a “sector outperform” rating and a $470.00 price objective for the company. Guggenheim reaffirmed a “neutral” rating on shares of Microsoft in a research report on Friday, January 24th. Mizuho dropped their price objective on Microsoft from $510.00 to $500.00 and set an “outperform” rating on the stock in a research note on Thursday, January 30th. Royal Bank of Canada reissued an “outperform” rating and issued a $500.00 target price on shares of Microsoft in a research note on Thursday, January 30th. Finally, DA Davidson raised shares of Microsoft from a “neutral” rating to a “buy” rating and upped their price target for the stock from $425.00 to $450.00 in a research report on Thursday, March 13th. Three analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $510.59.

Microsoft Stock Performance

NASDAQ MSFT opened at $393.08 on Tuesday. Microsoft Co. has a 12-month low of $376.91 and a 12-month high of $468.35. The firm has a 50-day moving average price of $408.34 and a two-hundred day moving average price of $419.63. The company has a market capitalization of $2.92 trillion, a P/E ratio of 31.65, a P/E/G 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 (NASDAQ:MSFT) last issued its quarterly earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share (EPS) for the quarter, topping 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. Analysts anticipate that Microsoft Co. will post 13.08 earnings per share for the current year.

Microsoft Announces Dividend

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 paid a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date of this dividend is Thursday, May 15th. Microsoft’s dividend payout ratio (DPR) is presently 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.