SYM FINANCIAL Corp Buys 14,071 Shares of Microsoft Co. (NASDAQ:MSFT)

SYM FINANCIAL Corp increased its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 172.8% during the 4th quarter, HoldingsChannel.com reports. The fund owned 22,215 shares of the software giant’s stock after acquiring an additional 14,071 shares during the period. Microsoft accounts for about 1.2% of SYM FINANCIAL Corp’s holdings, making the stock its 13th biggest holding. SYM FINANCIAL Corp’s holdings in Microsoft were worth $9,363,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Net Worth Advisory Group bought a new stake in Microsoft during the third quarter worth $2,645,000. Oak Ridge Investments LLC increased its stake in shares of Microsoft by 7.6% during the 3rd quarter. Oak Ridge Investments LLC now owns 263,534 shares of the software giant’s stock worth $113,399,000 after purchasing an additional 18,544 shares during the last quarter. Focus Financial Network Inc. raised its holdings in shares of Microsoft by 2.0% in the 3rd quarter. Focus Financial Network Inc. now owns 76,296 shares of the software giant’s stock valued at $32,830,000 after purchasing an additional 1,489 shares during the period. Campbell Wealth Management acquired a new stake in Microsoft in the 3rd quarter valued at about $3,314,000. Finally, Evernest Financial Advisors LLC grew its holdings in Microsoft by 389.2% during the third quarter. Evernest Financial Advisors LLC now owns 53,770 shares of the software giant’s stock worth $23,137,000 after purchasing an additional 42,778 shares during the period. 71.13% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on MSFT. Guggenheim reiterated a “neutral” rating on shares of Microsoft in a research note on Friday, January 24th. DA Davidson raised shares of Microsoft from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $425.00 to $450.00 in a research report on Thursday, March 13th. Morgan Stanley dropped their price objective on shares of Microsoft from $540.00 to $530.00 and set an “overweight” rating on the stock in a research report on Thursday, January 30th. Loop Capital lifted their target price on shares of Microsoft from $500.00 to $550.00 and gave the stock a “buy” rating in a report on Monday, December 23rd. Finally, Tigress Financial increased their price target on shares of Microsoft from $550.00 to $595.00 and gave the company a “buy” rating in a report on Thursday, March 20th. Three analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the stock. According to MarketBeat, Microsoft has a consensus rating of “Moderate Buy” and a consensus price target of $510.59.

Microsoft Stock Down 1.3 %

Shares of MSFT opened at $389.97 on Thursday. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. The business has a fifty day moving average of $407.20 and a 200 day moving average of $419.45. The company has a market cap of $2.90 trillion, a PE ratio of 31.40, a P/E/G 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.

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 last year, the company posted $2.93 earnings per share. On average, sell-side analysts expect that Microsoft Co. will post 13.08 EPS for the current year.

Microsoft Dividend Announcement

The firm 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. This represents a $3.32 annualized dividend and a yield of 0.85%. The ex-dividend date is Thursday, May 15th. Microsoft’s payout ratio is 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.