Sutton Place Investors LLC Purchases 368 Shares of Microsoft Co. (NASDAQ:MSFT)

Sutton Place Investors LLC raised its position in shares of Microsoft Co. (NASDAQ:MSFT) by 4.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,822 shares of the software giant’s stock after purchasing an additional 368 shares during the period. Microsoft makes up approximately 1.9% of Sutton Place Investors LLC’s investment portfolio, making the stock its 11th biggest position. Sutton Place Investors LLC’s holdings in Microsoft were worth $3,297,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MSFT. BCK Partners Inc. boosted its stake in Microsoft by 1.8% during the 3rd quarter. BCK Partners Inc. now owns 1,353 shares of the software giant’s stock valued at $582,000 after purchasing an additional 24 shares during the last quarter. Sequent Asset Management LLC lifted its holdings in shares of Microsoft by 1.3% in the third quarter. Sequent Asset Management LLC now owns 1,983 shares of the software giant’s stock valued at $853,000 after purchasing an additional 25 shares in the last quarter. Cypress Point Wealth Management LLC boosted its position in shares of Microsoft by 0.8% during the third quarter. Cypress Point Wealth Management LLC now owns 3,208 shares of the software giant’s stock valued at $1,380,000 after buying an additional 25 shares during the last quarter. Riverstone Advisors LLC grew its holdings in Microsoft by 0.6% during the third quarter. Riverstone Advisors LLC now owns 4,510 shares of the software giant’s stock worth $1,941,000 after buying an additional 25 shares in the last quarter. Finally, Boulder Wealth Advisors LLC raised its position in Microsoft by 1.0% in the 3rd quarter. Boulder Wealth Advisors LLC now owns 2,569 shares of the software giant’s stock valued at $1,106,000 after buying an additional 25 shares during the last quarter. 71.13% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on MSFT. Piper Sandler reaffirmed an “overweight” rating and set a $520.00 price objective on shares of Microsoft in a report on Monday, January 27th. Scotiabank started 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. Loop Capital lifted their target price on shares of Microsoft from $500.00 to $550.00 and gave the stock a “buy” rating in a research report on Monday, December 23rd. Cantor Fitzgerald restated an “overweight” rating and issued a $509.00 target price on shares of Microsoft in a research note on Wednesday, January 29th. Finally, DA Davidson raised Microsoft from a “neutral” rating to a “buy” rating and increased their price target for the company from $425.00 to $450.00 in a research report on Thursday, March 13th. Three analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the stock. According to data from MarketBeat, Microsoft has an average rating of “Moderate Buy” and an average price target of $510.59.

Microsoft Price Performance

Shares of NASDAQ:MSFT opened at $390.58 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.34 and a current ratio of 1.35. The firm has a market cap of $2.90 trillion, a price-to-earnings ratio of 31.45, a P/E/G ratio of 2.21 and a beta of 0.92. The firm has a fifty day moving average price of $406.52 and a 200 day moving average price of $419.25. Microsoft Co. has a fifty-two week low of $376.91 and a fifty-two week high of $468.35.

Microsoft (NASDAQ:MSFT) last issued 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 return on equity of 33.36% and a net margin of 35.43%. During the same quarter last year, the business earned $2.93 earnings per share. As a group, sell-side analysts expect that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The company also recently announced 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. 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 0.85%. Microsoft’s dividend payout ratio is currently 26.73%.

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.