Archford Capital Strategies LLC Has $20.44 Million Position in Microsoft Co. (NASDAQ:MSFT)

Archford Capital Strategies LLC boosted its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 3.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 48,481 shares of the software giant’s stock after purchasing an additional 1,436 shares during the quarter. Microsoft comprises 3.1% of Archford Capital Strategies LLC’s portfolio, making the stock its 4th biggest holding. Archford Capital Strategies LLC’s holdings in Microsoft were worth $20,435,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. BCK Partners Inc. lifted its position in shares of Microsoft by 1.8% in the third quarter. BCK Partners Inc. now owns 1,353 shares of the software giant’s stock valued at $582,000 after acquiring an additional 24 shares in the last quarter. Global Wealth Strategies & Associates raised its stake in Microsoft by 0.8% in the 3rd quarter. Global Wealth Strategies & Associates now owns 2,997 shares of the software giant’s stock valued at $1,290,000 after purchasing an additional 25 shares during the last quarter. Christopher J. Hasenberg Inc boosted its stake 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 during the last quarter. Sequent Asset Management LLC raised its position 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 buying an additional 25 shares during the last quarter. Finally, Cypress Point Wealth Management LLC lifted its stake in shares of Microsoft by 0.8% in the third quarter. Cypress Point Wealth Management LLC now owns 3,208 shares of the software giant’s stock worth $1,380,000 after buying an additional 25 shares in the last quarter. 71.13% of the stock is owned by hedge funds and other institutional investors.

Microsoft Stock Up 2.6 %

MSFT stock opened at $388.56 on Friday. The company’s 50 day moving average is $412.43 and its two-hundred day moving average is $420.59. Microsoft Co. has a twelve month low of $376.91 and a twelve month high of $468.35. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.13. The stock has a market cap of $2.89 trillion, a P/E ratio of 31.29, a PEG ratio of 2.21 and a beta of 0.92.

Microsoft (NASDAQ:MSFT) last posted its earnings results on Wednesday, January 29th. The software giant reported $3.23 EPS for the quarter, topping 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 in the previous year, the company earned $2.93 EPS. Research analysts expect that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Thursday, May 15th will be given a $0.83 dividend. The ex-dividend date is Thursday, May 15th. This represents a $3.32 annualized dividend and a yield of 0.85%. Microsoft’s dividend payout ratio (DPR) is 26.73%.

Wall Street Analysts Forecast Growth

MSFT has been the topic of a number of research reports. Cantor Fitzgerald reissued an “overweight” rating and issued a $509.00 target price on shares of Microsoft in a research note on Wednesday, January 29th. Piper Sandler restated an “overweight” rating and set a $520.00 price target on shares of Microsoft in a report on Monday, January 27th. Loop Capital upped their price objective on Microsoft from $500.00 to $550.00 and gave the company a “buy” rating in a report on Monday, December 23rd. Royal Bank of Canada restated an “outperform” rating and issued a $500.00 price objective on shares of Microsoft in a report on Thursday, January 30th. Finally, StockNews.com downgraded shares of Microsoft from a “buy” rating to a “hold” rating in a research note on Friday, February 28th. Three investment analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $510.43.

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.