Family Investment Center Inc. Buys 135 Shares of Microsoft Co. (NASDAQ:MSFT)

Family Investment Center Inc. grew its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 6.1% in the 4th quarter, HoldingsChannel.com reports. The fund owned 2,359 shares of the software giant’s stock after acquiring an additional 135 shares during the period. Family Investment Center Inc.’s holdings in Microsoft were worth $994,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. WFA Asset Management Corp grew its stake in shares of Microsoft by 27.0% during the first quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant’s stock worth $427,000 after acquiring an additional 216 shares during the last quarter. Ironwood Wealth Management LLC. boosted its stake in Microsoft by 0.3% in the 2nd quarter. Ironwood Wealth Management LLC. now owns 12,658 shares of the software giant’s stock worth $5,658,000 after purchasing an additional 38 shares in the last quarter. AMF Tjanstepension AB grew its position in Microsoft by 1.8% during the 3rd quarter. AMF Tjanstepension AB now owns 2,799,261 shares of the software giant’s stock worth $1,204,664,000 after purchasing an additional 49,735 shares during the last quarter. Hilltop Wealth Advisors LLC increased its stake in Microsoft by 180.8% during the 3rd quarter. Hilltop Wealth Advisors LLC now owns 5,414 shares of the software giant’s stock valued at $2,330,000 after purchasing an additional 3,486 shares in the last quarter. Finally, Walker Financial Services Inc. raised its holdings in shares of Microsoft by 0.9% in the third quarter. Walker Financial Services Inc. now owns 8,347 shares of the software giant’s stock worth $3,592,000 after buying an additional 78 shares during the last quarter. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Microsoft Trading Down 3.0 %

NASDAQ:MSFT opened at $378.80 on Friday. Microsoft Co. has a 12-month low of $376.91 and a 12-month high of $468.35. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.34. The business has a 50 day simple moving average of $405.52 and a 200 day simple moving average of $418.97. The firm has a market capitalization of $2.82 trillion, a P/E ratio of 30.50, a P/E/G 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 (EPS) for the quarter, topping the consensus estimate 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 firm earned $2.93 earnings per share. Equities research analysts predict that Microsoft Co. will post 13.08 EPS for the current year.

Microsoft Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Thursday, May 15th will be given a $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 0.88%. The ex-dividend date of this dividend is Thursday, May 15th. Microsoft’s dividend payout ratio (DPR) is presently 26.73%.

Wall Street Analyst Weigh In

MSFT has been the topic of several research analyst reports. Stifel Nicolaus dropped their price target on Microsoft from $515.00 to $475.00 and set a “buy” rating on the stock in a research note on Friday, March 7th. StockNews.com lowered Microsoft from a “buy” rating to a “hold” rating in a research report on Friday, February 28th. Guggenheim restated a “neutral” rating on shares of Microsoft in a research note on Friday, January 24th. Tigress Financial increased their price objective on shares of Microsoft from $550.00 to $595.00 and gave the stock a “buy” rating in a research note on Thursday, March 20th. Finally, Morgan Stanley lowered their price target on shares of Microsoft from $540.00 to $530.00 and set an “overweight” rating on the stock in a report on Thursday, January 30th. Three equities research analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the stock. According to data from MarketBeat.com, Microsoft has an average rating of “Moderate Buy” and an average 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.