Onyx Bridge Wealth Group LLC Boosts Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

Onyx Bridge Wealth Group LLC increased its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 1.1% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 14,935 shares of the software giant’s stock after acquiring an additional 161 shares during the period. Onyx Bridge Wealth Group LLC’s holdings in Microsoft were worth $6,295,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of MSFT. WFA Asset Management Corp increased its stake in 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 purchasing an additional 216 shares during the period. Ironwood Wealth Management LLC. raised its position in Microsoft by 0.3% in the 2nd quarter. Ironwood Wealth Management LLC. now owns 12,658 shares of the software giant’s stock valued at $5,658,000 after purchasing an additional 38 shares during the last quarter. AMF Tjanstepension AB grew 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 buying an additional 49,735 shares during the last quarter. Cliftonlarsonallen Wealth Advisors LLC lifted its holdings in shares of Microsoft by 11.0% during the third quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 36,763 shares of the software giant’s stock worth $15,819,000 after purchasing an additional 3,654 shares during the period. Finally, Discipline Wealth Solutions LLC raised its holdings in Microsoft by 410.4% during the third quarter. Discipline Wealth Solutions LLC now owns 2,659 shares of the software giant’s stock worth $1,144,000 after purchasing an additional 2,138 shares in the last quarter. 71.13% of the stock is owned by hedge funds and other institutional investors.

Microsoft Price Performance

MSFT opened at $382.14 on Thursday. The stock has a market capitalization of $2.84 trillion, a P/E ratio of 30.77, a PEG ratio of 2.21 and a beta of 0.92. The stock has a 50-day moving average price of $402.24 and a 200-day moving average price of $418.11. Microsoft Co. has a 12-month low of $367.24 and a 12-month high of $468.35. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.13.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Wednesday, January 29th. The software giant reported $3.23 EPS for the quarter, beating 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 last year, the company earned $2.93 earnings per share. Equities analysts predict that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Thursday, May 15th will be given a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date of this dividend is Thursday, May 15th. Microsoft’s dividend payout ratio (DPR) is presently 26.73%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on MSFT shares. Stifel Nicolaus lowered 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. Tigress Financial boosted their price objective on shares of Microsoft from $550.00 to $595.00 and gave the company a “buy” rating in a research note on Thursday, March 20th. Scotiabank started coverage on Microsoft in a research note on Thursday, March 20th. They set a “sector outperform” rating and a $470.00 price objective on the stock. Loop Capital upped their price objective on shares of Microsoft from $500.00 to $550.00 and gave the company a “buy” rating in a research report on Monday, December 23rd. Finally, Morgan Stanley reduced their price objective on shares of Microsoft from $540.00 to $530.00 and set an “overweight” rating on the stock in a research note on Thursday, January 30th. Four research analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $508.86.

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.