Microsoft Co. (NASDAQ:MSFT) Shares Purchased by Baker Boyer National Bank

Baker Boyer National Bank raised its position in Microsoft Co. (NASDAQ:MSFT) by 7.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 8,309 shares of the software giant’s stock after acquiring an additional 608 shares during the quarter. Microsoft accounts for about 1.2% of Baker Boyer National Bank’s investment portfolio, making the stock its 12th biggest position. Baker Boyer National Bank’s holdings in Microsoft were worth $3,502,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in MSFT. Dixon Fnancial Services Inc. increased its holdings in shares of Microsoft by 2.0% during the fourth quarter. Dixon Fnancial Services Inc. now owns 5,472 shares of the software giant’s stock valued at $2,306,000 after purchasing an additional 106 shares during the period. Gateway Wealth Partners LLC grew its position in Microsoft by 6.3% in the 4th quarter. Gateway Wealth Partners LLC now owns 14,736 shares of the software giant’s stock valued at $6,211,000 after buying an additional 868 shares in the last quarter. Southern Style Financial Inc. acquired a new position in Microsoft during the 4th quarter valued at about $3,433,000. Orca Wealth Management LLC bought a new stake in shares of Microsoft during the 4th quarter worth about $828,000. Finally, Kennedy Investment Group boosted its holdings in shares of Microsoft by 2.2% in the fourth quarter. Kennedy Investment Group now owns 5,953 shares of the software giant’s stock valued at $2,509,000 after acquiring an additional 130 shares in the last quarter. Institutional investors own 71.13% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on MSFT. Royal Bank of Canada reiterated an “outperform” rating and set a $500.00 price objective on shares of Microsoft in a research note on Thursday, January 30th. Loop Capital lifted 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. DA Davidson raised Microsoft from a “neutral” rating to a “buy” rating and raised their target price for the company from $425.00 to $450.00 in a research note on Thursday, March 13th. Mizuho lowered their target price on Microsoft from $510.00 to $500.00 and set an “outperform” rating on the stock in a report on Thursday, January 30th. Finally, Guggenheim reissued a “neutral” rating on shares of Microsoft in a report on Friday, January 24th. Three analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $510.59.

Microsoft Stock Down 0.3 %

MSFT stock opened at $386.84 on Friday. The company has a 50 day moving average of $409.38 and a two-hundred day moving average of $419.85. The company has a market cap of $2.88 trillion, a price-to-earnings ratio of 31.15, a PEG ratio of 2.21 and a beta of 0.92. Microsoft Co. has a 12-month low of $376.91 and a 12-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 posted its quarterly earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share for the quarter, topping analysts’ consensus estimates 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 in the prior year, the firm earned $2.93 EPS. On average, equities analysts anticipate that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 15th will be issued a dividend of $0.83 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.32 annualized dividend and a dividend yield of 0.86%. Microsoft’s dividend payout ratio is 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.