Caprock Group LLC Has $96.21 Million Stock Position in Microsoft Co. (NASDAQ:MSFT)

Caprock Group LLC lessened its holdings in Microsoft Co. (NASDAQ:MSFT) by 0.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 228,247 shares of the software giant’s stock after selling 1,613 shares during the quarter. Microsoft comprises 3.1% of Caprock Group LLC’s portfolio, making the stock its 4th largest position. Caprock Group LLC’s holdings in Microsoft were worth $96,206,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Turtle Creek Wealth Advisors LLC boosted its stake in Microsoft by 15.0% in the 4th quarter. Turtle Creek Wealth Advisors LLC now owns 35,995 shares of the software giant’s stock worth $15,172,000 after purchasing an additional 4,684 shares in the last quarter. Southern Capital Advisors LLC raised its holdings in Microsoft by 3.5% in the fourth quarter. Southern Capital Advisors LLC now owns 8,725 shares of the software giant’s stock worth $3,678,000 after buying an additional 293 shares during the last quarter. TCI Wealth Advisors Inc. lifted its stake in shares of Microsoft by 0.9% in the fourth quarter. TCI Wealth Advisors Inc. now owns 34,896 shares of the software giant’s stock worth $14,709,000 after buying an additional 309 shares in the last quarter. Hamilton Point Investment Advisors LLC grew its holdings in shares of Microsoft by 0.7% during the fourth quarter. Hamilton Point Investment Advisors LLC now owns 55,355 shares of the software giant’s stock valued at $23,332,000 after buying an additional 368 shares during the last quarter. Finally, Country Trust Bank increased its position in shares of Microsoft by 1.9% during the fourth quarter. Country Trust Bank now owns 434,167 shares of the software giant’s stock valued at $183,001,000 after acquiring an additional 8,202 shares in the last quarter. Institutional investors own 71.13% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. Mizuho cut their target price on Microsoft from $510.00 to $500.00 and set an “outperform” rating on the stock in a research note on Thursday, January 30th. Wedbush reissued an “outperform” rating and issued a $550.00 target price on shares of Microsoft in a research report on Thursday, March 20th. Royal Bank of Canada restated an “outperform” rating and set a $500.00 target price on shares of Microsoft in a research note on Thursday, January 30th. DA Davidson upgraded shares of Microsoft from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $425.00 to $450.00 in a research note on Thursday, March 13th. Finally, Piper Sandler restated an “overweight” rating and set a $520.00 price objective on shares of Microsoft in a research report on Monday, January 27th. Three investment analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $510.59.

Microsoft Stock Performance

NASDAQ MSFT opened at $393.08 on Tuesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.34 and a current ratio of 1.35. The business’s 50 day moving average price is $408.34 and its 200-day moving average price is $419.63. The company has a market cap of $2.92 trillion, a P/E ratio of 31.65, a P/E/G ratio of 2.21 and a beta of 0.92. Microsoft Co. has a fifty-two week low of $376.91 and a fifty-two week high of $468.35.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings data 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 last year, the company posted $2.93 EPS. Sell-side analysts predict that Microsoft Co. will post 13.08 earnings per share for the current year.

Microsoft Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Thursday, May 15th will be given a $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 0.84%. The ex-dividend date of this dividend is Thursday, May 15th. Microsoft’s dividend payout ratio (DPR) is presently 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.