Stonebridge Financial Group LLC Buys Shares of 30,868 Microsoft Co. (NASDAQ:MSFT)

Stonebridge Financial Group LLC purchased a new position in shares of Microsoft Co. (NASDAQ:MSFT) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 30,868 shares of the software giant’s stock, valued at approximately $13,011,000. Microsoft comprises approximately 1.4% of Stonebridge Financial Group LLC’s portfolio, making the stock its 18th biggest holding.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Adamsbrown Wealth Consultants LLC lifted its position in shares of Microsoft by 2.2% in the fourth quarter. Adamsbrown Wealth Consultants LLC now owns 5,967 shares of the software giant’s stock valued at $2,515,000 after acquiring an additional 130 shares in the last quarter. Oak Ridge Investments LLC lifted its position in Microsoft by 7.6% during the third 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 last quarter. Focus Financial Network Inc. grew its position in Microsoft by 2.0% in the third quarter. Focus Financial Network Inc. now owns 76,296 shares of the software giant’s stock worth $32,830,000 after acquiring an additional 1,489 shares in the last quarter. Campbell Wealth Management purchased a new position in shares of Microsoft in the 3rd quarter worth approximately $3,314,000. Finally, Evernest Financial Advisors LLC boosted its stake in 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 period. 71.13% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

MSFT has been the subject of several recent analyst reports. Morgan Stanley dropped their target price on Microsoft from $540.00 to $530.00 and set an “overweight” rating for the company in a research report on Thursday, January 30th. Westpark Capital assumed coverage on shares of Microsoft in a research report on Tuesday, April 1st. They set a “hold” rating on the stock. Loop Capital boosted their price target on Microsoft from $500.00 to $550.00 and gave the stock a “buy” rating in a research report on Monday, December 23rd. DA Davidson upgraded shares of Microsoft from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $425.00 to $450.00 in a research note on Thursday, March 13th. Finally, UBS Group decreased their price target on Microsoft from $525.00 to $510.00 and set a “buy” rating for the company in a research note on Thursday, January 30th. Four equities research analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company. According to MarketBeat, Microsoft has an average rating of “Moderate Buy” and a consensus price target of $505.41.

Microsoft Stock Down 2.3 %

MSFT opened at $381.35 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. Microsoft Co. has a fifty-two week low of $344.79 and a fifty-two week high of $468.35. The company has a fifty day moving average of $392.37 and a two-hundred day moving average of $414.81. The stock has a market capitalization of $2.83 trillion, a price-to-earnings ratio of 30.70, a PEG ratio of 2.21 and a beta of 1.00.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings results on Wednesday, January 29th. The software giant reported $3.23 EPS for the quarter, topping the consensus estimate 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 firm posted $2.93 earnings per share. On average, research analysts expect that Microsoft Co. will post 13.08 earnings per share for the current year.

Microsoft Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Thursday, May 15th will be paid a $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 0.87%. The ex-dividend date is Thursday, May 15th. 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.