Concord Wealth Partners Has $18.48 Million Position in Microsoft Co. (NASDAQ:MSFT)

Concord Wealth Partners boosted its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 5.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 43,835 shares of the software giant’s stock after purchasing an additional 2,093 shares during the quarter. Microsoft comprises 3.0% of Concord Wealth Partners’ portfolio, making the stock its 7th biggest holding. Concord Wealth Partners’ holdings in Microsoft were worth $18,476,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. WFA Asset Management Corp raised its holdings in shares of Microsoft by 27.0% during the 1st quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant’s stock worth $427,000 after acquiring an additional 216 shares in the last quarter. Ironwood Wealth Management LLC. raised its position in shares of Microsoft by 0.3% during the 2nd quarter. Ironwood Wealth Management LLC. now owns 12,658 shares of the software giant’s stock valued at $5,658,000 after buying an additional 38 shares in the last quarter. AMF Tjanstepension AB lifted its holdings in shares of 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 during the last quarter. Enterprise Bank & Trust Co grew its position in Microsoft by 1.5% in the third quarter. Enterprise Bank & Trust Co now owns 36,946 shares of the software giant’s stock worth $15,898,000 after acquiring an additional 529 shares in the last quarter. Finally, Patten Group Inc. increased its stake in Microsoft by 0.7% during the third quarter. Patten Group Inc. now owns 44,217 shares of the software giant’s stock worth $19,027,000 after acquiring an additional 299 shares during the last quarter. 71.13% of the stock is owned by hedge funds and other institutional investors.

Microsoft Price Performance

Shares of NASDAQ MSFT opened at $395.16 on Wednesday. The firm has a 50-day simple moving average of $407.93 and a 200-day simple moving average of $419.53. 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 stock has a market capitalization of $2.94 trillion, a price-to-earnings ratio of 31.82, a price-to-earnings-growth ratio of 2.21 and a beta of 0.92. Microsoft Co. has a 52 week low of $376.91 and a 52 week high of $468.35.

Microsoft (NASDAQ:MSFT) last issued its earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share for the quarter, topping 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 posted $2.93 EPS. On average, equities analysts predict that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The business 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 $0.83 dividend. 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 (DPR) is presently 26.73%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on MSFT. Mizuho cut their target price on Microsoft from $510.00 to $500.00 and set an “outperform” rating on the stock in a research report on Thursday, January 30th. Guggenheim reaffirmed a “neutral” rating on shares of Microsoft in a research report on Friday, January 24th. Stifel Nicolaus lowered their price target on Microsoft from $515.00 to $475.00 and set a “buy” rating for the company in a report on Friday, March 7th. Loop Capital raised their price objective on Microsoft from $500.00 to $550.00 and gave the stock a “buy” rating in a report on Monday, December 23rd. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $500.00 target price on shares of Microsoft in a report on Thursday, January 30th. Three analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $510.59.

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.