Global Retirement Partners LLC Has $62.50 Million Stake in Microsoft Co. (NASDAQ:MSFT)

Global Retirement Partners LLC boosted its stake in Microsoft Co. (NASDAQ:MSFT) by 1.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 148,268 shares of the software giant’s stock after purchasing an additional 2,349 shares during the period. Microsoft comprises 1.8% of Global Retirement Partners LLC’s investment portfolio, making the stock its 7th largest position. Global Retirement Partners LLC’s holdings in Microsoft were worth $62,495,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. BCK Partners Inc. grew its position in Microsoft by 1.8% in the 3rd quarter. BCK Partners Inc. now owns 1,353 shares of the software giant’s stock worth $582,000 after purchasing an additional 24 shares during the period. Muirfield Wealth Advisors LLC boosted its stake in shares of Microsoft by 0.5% in the 4th quarter. Muirfield Wealth Advisors LLC now owns 4,427 shares of the software giant’s stock worth $1,866,000 after buying an additional 24 shares during the last quarter. Retirement Financial Solutions LLC grew its holdings in shares of Microsoft by 2.3% in the fourth quarter. Retirement Financial Solutions LLC now owns 1,050 shares of the software giant’s stock worth $443,000 after acquiring an additional 24 shares during the period. Sequent Asset Management LLC increased its position in Microsoft by 1.3% during the third quarter. Sequent Asset Management LLC now owns 1,983 shares of the software giant’s stock valued at $853,000 after acquiring an additional 25 shares during the last quarter. Finally, Cypress Point Wealth Management LLC boosted its position in Microsoft by 0.8% in the third quarter. Cypress Point Wealth Management LLC now owns 3,208 shares of the software giant’s stock worth $1,380,000 after purchasing an additional 25 shares during the last quarter. Institutional investors own 71.13% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on MSFT. StockNews.com downgraded shares of Microsoft from a “buy” rating to a “hold” rating in a report on Friday, February 28th. Wedbush cut their price objective on shares of Microsoft from $550.00 to $475.00 and set an “outperform” rating for the company in a research report on Thursday, April 10th. Piper Sandler reiterated an “overweight” rating and set a $520.00 target price on shares of Microsoft in a research report on Monday, January 27th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $500.00 price objective on shares of Microsoft in a research note on Thursday, January 30th. Finally, Tigress Financial boosted their price objective on Microsoft from $550.00 to $595.00 and gave the company a “buy” rating in a research note on Thursday, March 20th. Five research analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, Microsoft presently has an average rating of “Moderate Buy” and an average target price of $497.63.

Microsoft Stock Up 2.1 %

Shares of MSFT opened at $366.82 on Wednesday. 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 business has a fifty day moving average of $386.38 and a 200 day moving average of $411.95. The company has a market cap of $2.73 trillion, a PE ratio of 29.53, a P/E/G ratio of 2.21 and a beta of 1.00. Microsoft Co. has a 52-week low of $344.79 and a 52-week high of $468.35.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings data on Wednesday, January 29th. The software giant reported $3.23 earnings per share for the quarter, topping 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 period last year, the company posted $2.93 EPS. On average, sell-side analysts expect that Microsoft Co. will post 13.08 EPS for the current year.

Microsoft Dividend Announcement

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 issued a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date is Thursday, May 15th. Microsoft’s payout ratio is currently 26.73%.

Microsoft Company 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.