Narus Financial Partners LLC Raises Position in Microsoft Co. (NASDAQ:MSFT)

Narus Financial Partners LLC lifted its position in shares of Microsoft Co. (NASDAQ:MSFT) by 58.5% during the fourth quarter, HoldingsChannel reports. The fund owned 4,019 shares of the software giant’s stock after acquiring an additional 1,484 shares during the quarter. Narus Financial Partners LLC’s holdings in Microsoft were worth $1,694,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Net Worth Advisory Group purchased a new stake in Microsoft during the third quarter worth about $2,645,000. Oak Ridge Investments LLC lifted its position in shares of Microsoft by 7.6% during the 3rd quarter. Oak Ridge Investments LLC now owns 263,534 shares of the software giant’s stock valued at $113,399,000 after acquiring an additional 18,544 shares during the period. Focus Financial Network Inc. boosted its stake in shares of Microsoft by 2.0% during the 3rd 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 acquired a new stake in shares of Microsoft in the 3rd quarter worth approximately $3,314,000. Finally, Evernest Financial Advisors LLC increased its stake in Microsoft by 389.2% in the 3rd quarter. Evernest Financial Advisors LLC now owns 53,770 shares of the software giant’s stock valued at $23,137,000 after purchasing an additional 42,778 shares in the last quarter. 71.13% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

MSFT has been the topic of several recent research reports. Tigress Financial boosted their price objective on shares of Microsoft from $550.00 to $595.00 and gave the stock a “buy” rating in a research report on Thursday, March 20th. Wedbush reiterated an “outperform” rating and issued a $550.00 price target on shares of Microsoft in a research report on Thursday, March 20th. Mizuho dropped their price objective on shares of Microsoft from $510.00 to $500.00 and set an “outperform” rating for the company in a research note on Thursday, January 30th. Scotiabank began coverage on Microsoft in a research note on Thursday, March 20th. They issued a “sector outperform” rating and a $470.00 target price on the stock. Finally, Stifel Nicolaus dropped their price target on Microsoft from $515.00 to $475.00 and set a “buy” rating for the company in a research report on Friday, March 7th. Three analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company. According to data from MarketBeat, Microsoft currently has a consensus rating of “Moderate Buy” and an average target price of $510.59.

Microsoft Stock Up 0.5 %

MSFT stock opened at $393.08 on Tuesday. The company has a market capitalization of $2.92 trillion, a P/E ratio of 31.65, a PEG ratio of 2.21 and a beta of 0.92. The firm has a 50 day simple moving average of $408.34 and a 200-day simple moving average of $419.63. 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 twelve month low of $376.91 and a twelve month high of $468.35.

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

Microsoft Announces Dividend

The firm 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 dividend yield of 0.84%. The ex-dividend date of this dividend is Thursday, May 15th. 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.