Microsoft Co. (NASDAQ:MSFT) Shares Bought by Lifestyle Asset Management Inc.

Lifestyle Asset Management Inc. grew its position in Microsoft Co. (NASDAQ:MSFT) by 6.9% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,344 shares of the software giant’s stock after purchasing an additional 87 shares during the period. Lifestyle Asset Management Inc.’s holdings in Microsoft were worth $566,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Christopher J. Hasenberg Inc increased its position in Microsoft by 35.7% during the 3rd quarter. Christopher J. Hasenberg Inc now owns 95 shares of the software giant’s stock worth $39,000 after purchasing an additional 25 shares in the last quarter. IFS Advisors LLC boosted its stake in Microsoft by 53.8% in the 4th quarter. IFS Advisors LLC now owns 100 shares of the software giant’s stock worth $42,000 after buying an additional 35 shares during the last quarter. Quarry LP acquired a new position in shares of Microsoft in the 2nd quarter valued at about $45,000. Avondale Wealth Management lifted its stake in shares of Microsoft by 144.4% in the 4th quarter. Avondale Wealth Management now owns 110 shares of the software giant’s stock valued at $46,000 after purchasing an additional 65 shares in the last quarter. Finally, MidAtlantic Capital Management Inc. acquired a new position in shares of Microsoft in the 3rd quarter valued at about $62,000. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Microsoft Stock Performance

MSFT opened at $380.45 on Wednesday. The firm has a market capitalization of $2.83 trillion, a P/E ratio of 30.63, a price-to-earnings-growth ratio of 2.21 and a beta of 0.92. The stock’s 50 day moving average price is $414.68 and its two-hundred day moving average price is $421.30. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. Microsoft Co. has a 12-month low of $376.91 and a 12-month high of $468.35.

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

Microsoft Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Thursday, May 15th will be given a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a dividend yield of 0.87%. Microsoft’s dividend payout ratio (DPR) is presently 26.73%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on MSFT. Stifel Nicolaus decreased their price target on Microsoft from $515.00 to $475.00 and set a “buy” rating for the company in a report on Friday, March 7th. Loop Capital upped their price target on Microsoft from $500.00 to $550.00 and gave the company a “buy” rating in a research report on Monday, December 23rd. Mizuho dropped their target price on Microsoft from $510.00 to $500.00 and set an “outperform” rating on the stock in a research report on Thursday, January 30th. Morgan Stanley decreased their price target on Microsoft from $540.00 to $530.00 and set an “overweight” rating for the company in a research note on Thursday, January 30th. Finally, DA Davidson reiterated a “neutral” rating and issued a $425.00 price target on shares of Microsoft in a research report on Thursday, January 30th. Four analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $509.54.

Microsoft 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.