Boston Financial Mangement LLC Purchases 2,010 Shares of Microsoft Co. (NASDAQ:MSFT)

Boston Financial Mangement LLC grew its holdings in Microsoft Co. (NASDAQ:MSFT) by 0.5% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 384,474 shares of the software giant’s stock after acquiring an additional 2,010 shares during the quarter. Microsoft comprises 4.9% of Boston Financial Mangement LLC’s investment portfolio, making the stock its 3rd largest holding. Boston Financial Mangement LLC’s holdings in Microsoft were worth $162,056,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Fiduciary Advisors Inc. acquired a new stake in shares of Microsoft in the fourth quarter valued at about $38,000. IFS Advisors LLC boosted its stake in shares of Microsoft by 53.8% during the 4th quarter. IFS Advisors LLC now owns 100 shares of the software giant’s stock worth $42,000 after purchasing an additional 35 shares during the last quarter. Avondale Wealth Management boosted its holdings in shares of Microsoft by 144.4% during the fourth quarter. Avondale Wealth Management now owns 110 shares of the software giant’s stock worth $46,000 after purchasing an additional 65 shares during the last quarter. MidAtlantic Capital Management Inc. purchased a new position in shares of Microsoft during the 3rd quarter worth about $62,000. Finally, Kieckhefer Group LLC purchased a new stake in shares of Microsoft during the 4th quarter valued at $141,000. Institutional investors and hedge funds own 71.13% of the company’s stock.

Microsoft Price Performance

Shares of MSFT opened at $387.30 on Friday. The business’s 50-day moving average is $385.28 and its 200-day moving average is $411.53. Microsoft Co. has a fifty-two week low of $344.79 and a fifty-two week high of $468.35. The company has a market capitalization of $2.88 trillion, a price-to-earnings ratio of 31.18, a P/E/G ratio of 2.21 and a beta of 1.00. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.34.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings results 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 return on equity of 33.36% and a net margin of 35.43%. During the same period in the previous year, the business posted $2.93 earnings per share. Equities research analysts expect that Microsoft Co. will post 13.08 EPS for the current fiscal year.

Microsoft Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 15th will be paid a $0.83 dividend. The ex-dividend date is Thursday, May 15th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.86%. Microsoft’s payout ratio is presently 26.73%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Scotiabank began coverage on shares of Microsoft in a research report on Thursday, March 20th. They issued a “sector outperform” rating and a $470.00 price objective for the company. Mizuho decreased their price objective on shares of Microsoft from $510.00 to $500.00 and set an “outperform” rating for the company in a research report on Thursday, January 30th. BMO Capital Markets decreased their price target on Microsoft from $490.00 to $470.00 and set an “outperform” rating for the company in a research note on Wednesday, April 16th. Tigress Financial lifted their price target on shares of Microsoft from $550.00 to $595.00 and gave the company a “buy” rating in a report on Thursday, March 20th. Finally, Barclays cut their price objective on shares of Microsoft from $475.00 to $430.00 and set an “overweight” rating on the stock in a research report on Monday. Five investment analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $493.13.

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.