Dash Acquisitions Inc. Has $38.72 Million Position in Microsoft Co. (NASDAQ:MSFT)

Dash Acquisitions Inc. boosted its position in Microsoft Co. (NASDAQ:MSFT) by 1.7% in the fourth quarter, Holdings Channel.com reports. The firm owned 86,580 shares of the software giant’s stock after buying an additional 1,432 shares during the quarter. Microsoft comprises approximately 8.7% of Dash Acquisitions Inc.’s investment portfolio, making the stock its 2nd largest position. Dash Acquisitions Inc.’s holdings in Microsoft were worth $38,719,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently modified their holdings of MSFT. Fiduciary Advisors Inc. bought a new stake in Microsoft in the 4th quarter worth about $38,000. Christopher J. Hasenberg Inc increased its holdings in Microsoft by 35.7% in the 3rd quarter. Christopher J. Hasenberg Inc now owns 95 shares of the software giant’s stock worth $39,000 after buying an additional 25 shares in the last quarter. IFS Advisors LLC increased its holdings in Microsoft by 53.8% in the 4th quarter. IFS Advisors LLC now owns 100 shares of the software giant’s stock worth $42,000 after buying an additional 35 shares in the last quarter. Quarry LP bought a new stake in Microsoft in the 2nd quarter worth about $45,000. Finally, Avondale Wealth Management increased its holdings in Microsoft by 144.4% in the 4th quarter. Avondale Wealth Management now owns 110 shares of the software giant’s stock worth $46,000 after buying an additional 65 shares in the last quarter. 71.13% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on MSFT shares. JPMorgan Chase & Co. reduced their price objective on Microsoft from $470.00 to $465.00 and set an “overweight” rating for the company in a report on Thursday, October 31st. Loop Capital boosted their price target on Microsoft from $500.00 to $550.00 and gave the company a “buy” rating in a research note on Monday, December 23rd. Royal Bank of Canada restated an “outperform” rating and set a $500.00 price target on shares of Microsoft in a research note on Thursday, January 30th. Guggenheim restated a “neutral” rating on shares of Microsoft in a research note on Friday, January 24th. Finally, Wedbush restated an “outperform” rating and set a $550.00 price target on shares of Microsoft in a research note on Tuesday, November 19th. Three equities research analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $510.96.

Insider Transactions at Microsoft

In other news, CMO Takeshi Numoto sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $437.32, for a total transaction of $874,640.00. Following the sale, the chief marketing officer now directly owns 51,852 shares of the company’s stock, valued at $22,675,916.64. This represents a 3.71 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold 7,000 shares of company stock valued at $3,070,340 in the last ninety days. Corporate insiders own 0.03% of the company’s stock.

Microsoft Stock Down 1.8 %

NASDAQ MSFT opened at $392.53 on Friday. The stock’s 50 day moving average is $421.47 and its 200 day moving average is $422.79. 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 Co. has a 12 month low of $385.58 and a 12 month high of $468.35. The stock has a market cap of $2.92 trillion, a PE ratio of 31.60, a P/E/G ratio of 2.21 and a beta of 0.90.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings results on Wednesday, January 29th. The software giant reported $3.23 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 period in the previous year, the firm posted $2.93 EPS. Research analysts predict that Microsoft Co. will post 13.08 EPS for the current fiscal year.

Microsoft Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 20th will be issued a $0.83 dividend. The ex-dividend date of this dividend is Thursday, February 20th. This represents a $3.32 dividend on an annualized basis and a yield of 0.85%. Microsoft’s dividend payout ratio is presently 26.73%.

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.