Integrity Wealth Solutions LLC Boosts Stake in Microsoft Co. (NASDAQ:MSFT)

Integrity Wealth Solutions LLC lifted its stake in Microsoft Co. (NASDAQ:MSFT) by 3.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 4,288 shares of the software giant’s stock after purchasing an additional 140 shares during the quarter. Integrity Wealth Solutions LLC’s holdings in Microsoft were worth $1,807,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in MSFT. WFA Asset Management Corp lifted its position in Microsoft by 27.0% in the 1st quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant’s stock valued at $427,000 after acquiring an additional 216 shares in the last quarter. Ironwood Wealth Management LLC. lifted 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 acquiring an additional 38 shares in the last quarter. Lowe Wealth Advisors LLC lifted its position in Microsoft by 2.2% in the 3rd quarter. Lowe Wealth Advisors LLC now owns 2,747 shares of the software giant’s stock valued at $1,182,000 after acquiring an additional 58 shares in the last quarter. AMF Tjanstepension AB lifted its position in Microsoft by 1.8% in the 3rd quarter. AMF Tjanstepension AB now owns 2,799,261 shares of the software giant’s stock valued at $1,204,664,000 after acquiring an additional 49,735 shares in the last quarter. Finally, Czech National Bank lifted its position in Microsoft by 6.9% in the 3rd quarter. Czech National Bank now owns 1,514,189 shares of the software giant’s stock valued at $651,556,000 after acquiring an additional 97,893 shares in the last quarter. 71.13% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

MSFT has been the topic of several analyst reports. Guggenheim reaffirmed a “neutral” rating on shares of Microsoft in a research report on Friday, January 24th. StockNews.com cut Microsoft from a “buy” rating to a “hold” rating in a research report on Friday, February 28th. DA Davidson raised Microsoft from a “neutral” rating to a “buy” rating and upped their price objective for the company from $425.00 to $450.00 in a research report on Thursday, March 13th. Loop Capital increased their price target on Microsoft from $500.00 to $550.00 and gave the company a “buy” rating in a report on Monday, December 23rd. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $500.00 price target on shares of Microsoft in a report on Thursday, January 30th. Three analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $510.43.

Microsoft Trading Down 1.3 %

Shares of MSFT stock opened at $383.52 on Wednesday. Microsoft Co. has a 52-week low of $376.91 and a 52-week high of $468.35. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.34 and a current ratio of 1.35. The firm has a market capitalization of $2.85 trillion, a PE ratio of 30.88, a PEG ratio of 2.21 and a beta of 0.92. The stock has a fifty day simple moving average of $410.87 and a two-hundred day simple moving average of $420.28.

Microsoft (NASDAQ:MSFT) last issued 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 period last year, the firm posted $2.93 earnings per share. On average, analysts predict that Microsoft Co. will post 13.08 EPS for the current fiscal 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 paid 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 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.