Greenup Street Wealth Management LLC Grows Position in Microsoft Co. (NASDAQ:MSFT)

Greenup Street Wealth Management LLC boosted its stake in Microsoft Co. (NASDAQ:MSFT) by 37.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 15,617 shares of the software giant’s stock after purchasing an additional 4,226 shares during the quarter. Microsoft comprises 1.3% of Greenup Street Wealth Management LLC’s portfolio, making the stock its 21st largest position. Greenup Street Wealth Management LLC’s holdings in Microsoft were worth $6,583,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of MSFT. Christopher J. Hasenberg Inc grew its stake in Microsoft by 35.7% during the third quarter. Christopher J. Hasenberg Inc now owns 95 shares of the software giant’s stock worth $39,000 after buying an additional 25 shares during the period. IFS Advisors LLC grew its stake in Microsoft by 53.8% during the fourth quarter. IFS Advisors LLC now owns 100 shares of the software giant’s stock worth $42,000 after buying an additional 35 shares during the period. Avondale Wealth Management grew its stake in Microsoft by 144.4% during the fourth quarter. Avondale Wealth Management now owns 110 shares of the software giant’s stock worth $46,000 after buying an additional 65 shares during the period. MidAtlantic Capital Management Inc. purchased a new stake in Microsoft during the third quarter worth approximately $62,000. Finally, Kieckhefer Group LLC purchased a new position in shares of Microsoft in the fourth quarter valued at $141,000. 71.13% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on MSFT. UBS Group decreased their target price on shares of Microsoft from $525.00 to $510.00 and set a “buy” rating for the company in a research note on Thursday, January 30th. Piper Sandler restated an “overweight” rating and issued a $520.00 target price on shares of Microsoft in a research note on Monday, January 27th. Loop Capital upped their target price 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. Stifel Nicolaus decreased their target price on shares of Microsoft from $515.00 to $475.00 and set a “buy” rating for the company in a research note on Friday, March 7th. Finally, DA Davidson upgraded shares of Microsoft from a “neutral” rating to a “buy” rating and upped their target price for the company from $425.00 to $450.00 in a research note on Thursday, March 13th. Three investment analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $510.43.

Microsoft Stock Down 1.3 %

Microsoft stock opened at $383.52 on Wednesday. The company has a 50-day simple moving average of $410.87 and a 200-day simple moving average of $420.28. The firm has a market capitalization of $2.85 trillion, a P/E ratio of 30.88, a P/E/G ratio of 2.21 and a beta of 0.92. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.34 and a current ratio of 1.35. Microsoft Co. has a one year low of $376.91 and a one year high of $468.35.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings results on Wednesday, January 29th. The software giant reported $3.23 EPS for the quarter, topping the consensus estimate of $3.15 by $0.08. Microsoft had a net margin of 35.43% and a return on equity of 33.36%. During the same quarter last year, the company earned $2.93 earnings per share. As a group, equities analysts expect that Microsoft Co. will post 13.08 earnings per share for the current year.

Microsoft Dividend Announcement

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