DMC Group LLC Boosts Stock Position in Microsoft Co. (NASDAQ:MSFT)

DMC Group LLC boosted its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 2.5% during the 4th quarter, HoldingsChannel.com reports. The fund owned 8,947 shares of the software giant’s stock after purchasing an additional 216 shares during the period. Microsoft accounts for approximately 3.1% of DMC Group LLC’s portfolio, making the stock its 3rd biggest position. DMC Group LLC’s holdings in Microsoft were worth $3,771,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Net Worth Advisory Group bought a new stake in shares of Microsoft in the third quarter valued at about $2,645,000. Oak Ridge Investments LLC raised its holdings in Microsoft by 7.6% during the third quarter. Oak Ridge Investments LLC now owns 263,534 shares of the software giant’s stock worth $113,399,000 after acquiring an additional 18,544 shares in the last quarter. Focus Financial Network Inc. raised its holdings in Microsoft by 2.0% during the third quarter. Focus Financial Network Inc. now owns 76,296 shares of the software giant’s stock worth $32,830,000 after acquiring an additional 1,489 shares in the last quarter. Campbell Wealth Management bought a new stake in Microsoft during the third quarter worth about $3,314,000. Finally, Evernest Financial Advisors LLC raised its holdings in Microsoft by 389.2% during the third quarter. Evernest Financial Advisors LLC now owns 53,770 shares of the software giant’s stock worth $23,137,000 after acquiring an additional 42,778 shares in the last quarter. 71.13% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on MSFT shares. Tigress Financial boosted their price target on Microsoft from $550.00 to $595.00 and gave the stock a “buy” rating in a research report on Thursday. Royal Bank of Canada restated an “outperform” rating and set a $500.00 target price on shares of Microsoft in a research note on Thursday, January 30th. Scotiabank began coverage on Microsoft in a research note on Thursday. They set a “sector outperform” rating and a $470.00 target price for the company. StockNews.com cut Microsoft from a “buy” rating to a “hold” rating in a research note on Friday, February 28th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $509.00 price target on shares of Microsoft in a research note on Wednesday, January 29th. Three 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.com, Microsoft presently has an average rating of “Moderate Buy” and a consensus price target of $510.59.

Microsoft Stock Performance

Microsoft stock opened at $391.26 on Friday. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $2.91 trillion, a PE ratio of 31.50, a P/E/G ratio of 2.21 and a beta of 0.92. The firm has a fifty day simple moving average of $408.82 and a two-hundred day simple moving average of $419.67. Microsoft Co. has a twelve month low of $376.91 and a twelve month high of $468.35.

Microsoft (NASDAQ:MSFT) last issued 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 net margin of 35.43% and a return on equity of 33.36%. During the same quarter in the prior year, the business earned $2.93 earnings per share. Research analysts expect that Microsoft Co. will post 13.08 EPS for the current year.

Microsoft Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Thursday, May 15th will be paid a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date is Thursday, May 15th. Microsoft’s dividend payout ratio is 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.