Microsoft Co. (NASDAQ:MSFT) Shares Acquired by Custom Index Systems LLC

Custom Index Systems LLC boosted its position in shares of Microsoft Co. (NASDAQ:MSFT) by 15.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 8,373 shares of the software giant’s stock after buying an additional 1,111 shares during the quarter. Microsoft makes up approximately 1.9% of Custom Index Systems LLC’s holdings, making the stock its 5th largest holding. Custom Index Systems LLC’s holdings in Microsoft were worth $3,529,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Net Worth Advisory Group bought a new position in Microsoft in the third quarter valued at about $2,645,000. Oak Ridge Investments LLC lifted its position in 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 purchasing an additional 18,544 shares during the period. Focus Financial Network Inc. boosted its stake in shares of Microsoft by 2.0% in the 3rd quarter. Focus Financial Network Inc. now owns 76,296 shares of the software giant’s stock valued at $32,830,000 after purchasing an additional 1,489 shares during the last quarter. Campbell Wealth Management acquired a new stake in shares of Microsoft during the 3rd quarter worth approximately $3,314,000. Finally, Evernest Financial Advisors LLC raised its stake in shares of 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 buying an additional 42,778 shares during the last quarter. 71.13% of the stock is currently owned by institutional investors.

Microsoft Price Performance

Shares of MSFT stock opened at $395.16 on Wednesday. The business’s fifty day moving average is $407.93 and its 200 day moving average is $419.53. The stock has a market cap of $2.94 trillion, a price-to-earnings ratio of 31.82, a PEG ratio of 2.21 and a beta of 0.92. The company has a quick ratio of 1.34, a current ratio of 1.35 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 released its quarterly earnings data on Wednesday, January 29th. The software giant reported $3.23 earnings per share for the quarter, beating analysts’ consensus estimates 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 posted $2.93 earnings per share. Research analysts expect that Microsoft Co. will post 13.08 EPS for the current fiscal year.

Microsoft Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 15th will be given a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a dividend yield of 0.84%. The ex-dividend date of this dividend is Thursday, May 15th. Microsoft’s payout ratio is currently 26.73%.

Analyst Ratings Changes

A number of equities analysts have issued reports on MSFT shares. Guggenheim reaffirmed a “neutral” rating on shares of Microsoft in a research note on Friday, January 24th. Wedbush restated an “outperform” rating and issued a $550.00 price target on shares of Microsoft in a research report on Thursday, March 20th. Piper Sandler reiterated an “overweight” rating and issued a $520.00 price objective on shares of Microsoft in a report on Monday, January 27th. DA Davidson upgraded Microsoft from a “neutral” rating to a “buy” rating and raised their target price for the stock from $425.00 to $450.00 in a report on Thursday, March 13th. Finally, Stifel Nicolaus lowered their price target on Microsoft from $515.00 to $475.00 and set a “buy” rating for the company in a research note on Friday, March 7th. Three research analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the stock. Based on data from MarketBeat.com, Microsoft currently has an average rating of “Moderate Buy” and a consensus 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.