TCI Wealth Advisors Inc. Buys 309 Shares of Microsoft Co. (NASDAQ:MSFT)

TCI Wealth Advisors Inc. grew its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 0.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 34,896 shares of the software giant’s stock after buying an additional 309 shares during the period. Microsoft makes up 1.2% of TCI Wealth Advisors Inc.’s portfolio, making the stock its 20th biggest position. TCI Wealth Advisors Inc.’s holdings in Microsoft were worth $14,709,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. WFA Asset Management Corp lifted its stake in Microsoft by 27.0% in the first quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant’s stock valued at $427,000 after buying an additional 216 shares in the last quarter. Ironwood Wealth Management LLC. raised its holdings in shares of 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 acquiring an additional 38 shares during the period. AMF Tjanstepension AB raised its holdings in shares of Microsoft by 1.8% during the third quarter. AMF Tjanstepension AB now owns 2,799,261 shares of the software giant’s stock worth $1,204,664,000 after acquiring an additional 49,735 shares during the period. Gill Capital Partners LLC lifted its position in Microsoft by 3.4% in the 3rd quarter. Gill Capital Partners LLC now owns 7,175 shares of the software giant’s stock valued at $3,087,000 after acquiring an additional 234 shares in the last quarter. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors increased its holdings in Microsoft by 3.1% during the 3rd quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 26,460 shares of the software giant’s stock worth $11,386,000 after purchasing an additional 797 shares in the last quarter. 71.13% of the stock is owned by institutional investors.

Microsoft Stock Up 0.5 %

Shares of MSFT opened at $393.08 on Tuesday. The stock has a market capitalization of $2.92 trillion, a price-to-earnings ratio of 31.65, a PEG ratio of 2.21 and a beta of 0.92. Microsoft Co. has a 52 week low of $376.91 and a 52 week high of $468.35. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.34 and a current ratio of 1.35. The stock has a fifty day moving average of $408.34 and a 200-day moving average of $419.63.

Microsoft (NASDAQ:MSFT) last posted its earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share for the quarter, topping 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 quarter last year, the business posted $2.93 EPS. As a group, sell-side analysts anticipate that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.

Microsoft Announces Dividend

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 paid a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date of this dividend is Thursday, May 15th. Microsoft’s dividend payout ratio is currently 26.73%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Stifel Nicolaus cut their price target on Microsoft from $515.00 to $475.00 and set a “buy” rating on the stock in a report on Friday, March 7th. Cantor Fitzgerald restated an “overweight” rating and issued a $509.00 target price on shares of Microsoft in a research note on Wednesday, January 29th. DA Davidson raised shares of Microsoft from a “neutral” rating to a “buy” rating and raised their price target for the stock from $425.00 to $450.00 in a research note on Thursday, March 13th. Guggenheim reiterated a “neutral” rating on shares of Microsoft in a report on Friday, January 24th. Finally, Tigress Financial increased their target price on shares of Microsoft from $550.00 to $595.00 and gave the stock a “buy” rating in a report on Thursday, March 20th. Three investment analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the stock. According to data from MarketBeat, Microsoft has an average rating of “Moderate Buy” and a consensus price target of $510.59.

About Microsoft

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.