Cyr Financial Inc. Raises Position in Microsoft Co. (NASDAQ:MSFT)

Cyr Financial Inc. raised its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 5.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,877 shares of the software giant’s stock after buying an additional 92 shares during the period. Microsoft comprises approximately 0.7% of Cyr Financial Inc.’s portfolio, making the stock its 25th largest position. Cyr Financial Inc.’s holdings in Microsoft were worth $791,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Net Worth Advisory Group purchased a new position in Microsoft during the 3rd quarter valued at $2,645,000. Oak Ridge Investments LLC boosted its stake 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 purchasing an additional 18,544 shares in the last quarter. Focus Financial Network Inc. increased its position in shares of Microsoft by 2.0% during the third quarter. Focus Financial Network Inc. now owns 76,296 shares of the software giant’s stock valued at $32,830,000 after buying an additional 1,489 shares during the period. Campbell Wealth Management bought a new position in Microsoft in the third quarter worth about $3,314,000. Finally, Evernest Financial Advisors LLC lifted its holdings in Microsoft by 389.2% in 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 owned by institutional investors.

Microsoft Stock Up 1.1 %

Shares of MSFT opened at $391.26 on Monday. The company’s 50-day moving average price is $408.82 and its 200 day moving average price is $419.74. Microsoft Co. has a 12-month low of $376.91 and a 12-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 firm has a market cap of $2.91 trillion, a P/E ratio of 31.50, a price-to-earnings-growth ratio of 2.21 and a beta of 0.92.

Microsoft (NASDAQ:MSFT) last released its earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share for the quarter, beating 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 prior year, the company posted $2.93 earnings per share. On average, sell-side analysts forecast that Microsoft Co. will post 13.08 earnings per share for the current year.

Microsoft Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Thursday, May 15th will be paid a dividend of $0.83 per share. The ex-dividend date is Thursday, May 15th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.85%. Microsoft’s payout ratio is currently 26.73%.

Analyst Ratings Changes

MSFT has been the subject of a number of research analyst reports. Piper Sandler restated an “overweight” rating and issued a $520.00 target price on shares of Microsoft in a research note on Monday, January 27th. Wedbush reissued an “outperform” rating and set a $550.00 price objective on shares of Microsoft in a research report on Thursday. Loop Capital upped their target price on shares of Microsoft from $500.00 to $550.00 and gave the stock a “buy” rating in a research report on Monday, December 23rd. Stifel Nicolaus decreased their price target on shares of Microsoft from $515.00 to $475.00 and set a “buy” rating for the company in a research note on Friday, March 7th. Finally, Scotiabank began coverage on shares of Microsoft in a research note on Thursday. They set a “sector outperform” rating and a $470.00 price objective on the stock. Three research analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $510.59.

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.