CFS Investment Advisory Services LLC Boosts Position in Microsoft Co. (NASDAQ:MSFT)

CFS Investment Advisory Services LLC raised its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 0.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,044 shares of the software giant’s stock after buying an additional 90 shares during the quarter. CFS Investment Advisory Services LLC’s holdings in Microsoft were worth $5,920,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in MSFT. Net Worth Advisory Group bought a new stake in shares of Microsoft during the 3rd quarter valued at about $2,645,000. Oak Ridge Investments LLC boosted its position in shares of Microsoft by 7.6% during the 3rd quarter. Oak Ridge Investments LLC now owns 263,534 shares of the software giant’s stock valued at $113,399,000 after acquiring an additional 18,544 shares during the last quarter. Jacobs & Co. CA boosted its position in shares of Microsoft by 0.9% during the 3rd quarter. Jacobs & Co. CA now owns 96,021 shares of the software giant’s stock valued at $41,318,000 after acquiring an additional 880 shares during the last quarter. Focus Financial Network Inc. lifted its position in Microsoft by 2.0% in the 3rd quarter. Focus Financial Network Inc. now owns 76,296 shares of the software giant’s stock worth $32,830,000 after buying an additional 1,489 shares during the last quarter. Finally, Campbell Wealth Management bought a new stake in Microsoft in the 3rd quarter worth approximately $3,314,000. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the company. Mizuho dropped their target price on Microsoft from $510.00 to $500.00 and set an “outperform” rating for the company in a research report on Thursday, January 30th. Piper Sandler restated an “overweight” rating and issued a $520.00 target price on shares of Microsoft in a research report on Monday, January 27th. DA Davidson upgraded Microsoft from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $425.00 to $450.00 in a research report on Thursday. Wedbush restated an “outperform” rating and issued a $550.00 target price on shares of Microsoft in a research report on Tuesday, November 19th. Finally, StockNews.com downgraded Microsoft from a “buy” rating to a “hold” rating in a research report on Friday, February 28th. Three research analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company. Based on data from MarketBeat, Microsoft has a consensus rating of “Moderate Buy” and a consensus target price of $510.43.

Microsoft Price Performance

Shares of MSFT stock opened at $388.56 on Friday. The stock has a market cap of $2.89 trillion, a price-to-earnings ratio of 31.29, a PEG ratio of 2.21 and a beta of 0.92. The business’s fifty day moving average is $412.43 and its 200 day moving average is $420.55. Microsoft Co. has a twelve month low of $376.91 and a twelve month 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.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings results 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 period in the previous year, the business earned $2.93 EPS. Research analysts expect that Microsoft Co. will post 13.08 EPS for the current fiscal year.

Microsoft Announces Dividend

The company also recently declared 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. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.32 annualized dividend and a yield of 0.85%. Microsoft’s payout ratio is 26.73%.

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.