Sunesis Advisors LLC Purchases 65 Shares of Microsoft Co. (NASDAQ:MSFT)

Sunesis Advisors LLC boosted its holdings in Microsoft Co. (NASDAQ:MSFT) by 6.4% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,082 shares of the software giant’s stock after purchasing an additional 65 shares during the quarter. Sunesis Advisors LLC’s holdings in Microsoft were worth $456,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Fiduciary Advisors Inc. bought a new position in shares of Microsoft during the fourth quarter worth $38,000. IFS Advisors LLC boosted its holdings 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 purchasing an additional 35 shares during the last quarter. Avondale Wealth Management grew its position in shares of Microsoft by 144.4% during 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. MidAtlantic Capital Management Inc. bought a new stake in shares of Microsoft in the third quarter worth about $62,000. Finally, Kieckhefer Group LLC purchased a new stake in shares of Microsoft in the fourth quarter worth about $141,000. 71.13% of the stock is owned by institutional investors.

Microsoft Stock Down 3.0 %

Shares of NASDAQ:MSFT opened at $378.80 on Friday. The business’s 50 day moving average is $405.52 and its 200 day moving average is $418.97. The stock has a market cap of $2.82 trillion, a P/E ratio of 30.50, a price-to-earnings-growth 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 quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 0.13.

Microsoft (NASDAQ:MSFT) last posted 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 business posted $2.93 EPS. Sell-side 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. Stockholders of record on Thursday, May 15th will be issued a $0.83 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.32 annualized dividend and a dividend yield of 0.88%. Microsoft’s dividend payout ratio is currently 26.73%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Mizuho reduced 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. Loop Capital upped their price target on shares of Microsoft from $500.00 to $550.00 and gave the company a “buy” rating in a research note on Monday, December 23rd. Guggenheim reissued a “neutral” rating on shares of Microsoft in a research note on Friday, January 24th. Cantor Fitzgerald restated an “overweight” rating and set a $509.00 target price on shares of Microsoft in a research report on Wednesday, January 29th. Finally, DA Davidson upgraded Microsoft from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $425.00 to $450.00 in a research report on Thursday, March 13th. Three investment analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $510.59.

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.