1,812 Shares in Microsoft Co. (NASDAQ:MSFT) Bought by Synergy Investment Management LLC

Synergy Investment Management LLC purchased a new stake in shares of Microsoft Co. (NASDAQ:MSFT) in the fourth quarter, Holdings Channel reports. The firm purchased 1,812 shares of the software giant’s stock, valued at approximately $764,000.

Several other institutional investors have also recently bought and sold shares of the business. Adamsbrown Wealth Consultants LLC boosted its position in shares of Microsoft by 2.2% during the fourth quarter. Adamsbrown Wealth Consultants LLC now owns 5,967 shares of the software giant’s stock valued at $2,515,000 after buying an additional 130 shares during the last quarter. Mcdaniel Terry & Co. boosted its holdings in Microsoft by 6.1% during the 4th quarter. Mcdaniel Terry & Co. now owns 315,594 shares of the software giant’s stock worth $133,023,000 after acquiring an additional 18,052 shares during the last quarter. Centric Wealth Management grew its stake in shares of Microsoft by 0.7% in the 3rd quarter. Centric Wealth Management now owns 16,156 shares of the software giant’s stock worth $6,789,000 after acquiring an additional 112 shares in the last quarter. 1900 Wealth Management LLC raised its holdings in shares of Microsoft by 3.0% in the fourth quarter. 1900 Wealth Management LLC now owns 10,140 shares of the software giant’s stock valued at $4,274,000 after purchasing an additional 294 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its position in shares of Microsoft by 2.4% during the third quarter. The Manufacturers Life Insurance Company now owns 9,250,128 shares of the software giant’s stock valued at $3,980,299,000 after purchasing an additional 217,509 shares in the last quarter. Institutional investors and hedge funds own 71.13% of the company’s stock.

Microsoft Stock Up 0.1 %

MSFT opened at $438.73 on Friday. The business’s fifty day simple moving average is $389.19 and its 200 day simple moving average is $411.74. Microsoft Co. has a 52 week low of $344.79 and a 52 week high of $468.35. 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 cap of $3.26 trillion, a PE ratio of 35.32, a P/E/G ratio of 2.21 and a beta of 0.99.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Wednesday, April 30th. The software giant reported $3.46 EPS for the quarter, beating the consensus estimate of $3.22 by $0.24. The firm had revenue of $70.07 billion for the quarter, compared to analyst estimates of $68.54 billion. Microsoft had a return on equity of 33.36% and a net margin of 35.43%. The company’s revenue was up 13.3% on a year-over-year basis. During the same period in the prior year, the company earned $2.94 EPS. As a group, research analysts expect that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

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 of this dividend is Thursday, May 15th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.76%. Microsoft’s dividend payout ratio (DPR) is 25.66%.

Analyst Ratings Changes

Several equities research analysts have commented on MSFT shares. Jefferies Financial Group increased their price objective on shares of Microsoft from $475.00 to $550.00 and gave the company a “buy” rating in a research note on Thursday, May 1st. Royal Bank of Canada lifted their price target on Microsoft from $500.00 to $525.00 and gave the stock an “outperform” rating in a report on Thursday, May 1st. Scotiabank boosted their price objective on Microsoft from $470.00 to $500.00 and gave the stock a “sector outperform” rating in a research report on Thursday, May 1st. Piper Sandler reissued a “neutral” rating on shares of Microsoft in a report on Thursday, May 1st. Finally, StockNews.com upgraded shares of Microsoft from a “hold” rating to a “buy” rating in a report on Monday, May 5th. Five equities research analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $507.77.

Insider Activity at Microsoft

In other Microsoft news, insider Bradford L. Smith sold 75,000 shares of the company’s stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $436.05, for a total transaction of $32,703,750.00. Following the completion of the sale, the insider now directly owns 476,999 shares in the company, valued at $207,995,413.95. This represents a 13.59 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.03% of the stock is owned by insiders.

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.