Microsoft Co. (NASDAQ:MSFT) Shares Bought by Ridgepath Capital Management LLC

Ridgepath Capital Management LLC lifted its holdings in Microsoft Co. (NASDAQ:MSFT) by 58.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,720 shares of the software giant’s stock after purchasing an additional 1,750 shares during the period. Microsoft comprises 0.9% of Ridgepath Capital Management LLC’s holdings, making the stock its 19th biggest holding. Ridgepath Capital Management LLC’s holdings in Microsoft were worth $1,989,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in MSFT. Fiduciary Advisors Inc. acquired a new position in Microsoft during the fourth quarter valued at $38,000. Christopher J. Hasenberg Inc grew 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 valued at $39,000 after acquiring an additional 25 shares in the last quarter. IFS Advisors LLC increased its holdings in shares of Microsoft by 53.8% in the 4th quarter. IFS Advisors LLC now owns 100 shares of the software giant’s stock valued at $42,000 after purchasing an additional 35 shares during the period. Avondale Wealth Management lifted its position in shares of Microsoft by 144.4% in the fourth quarter. Avondale Wealth Management now owns 110 shares of the software giant’s stock worth $46,000 after purchasing an additional 65 shares in the last quarter. Finally, MidAtlantic Capital Management Inc. acquired a new stake in shares of Microsoft during the third quarter worth approximately $62,000. 71.13% of the stock is currently owned by institutional investors.

Microsoft Stock Performance

Shares of MSFT stock opened at $391.26 on Monday. Microsoft Co. has a one year low of $376.91 and a one year high of $468.35. The company has a market cap of $2.91 trillion, a P/E ratio of 31.50, a P/E/G ratio of 2.21 and a beta of 0.92. The firm has a 50-day moving average of $408.82 and a 200-day moving average of $419.74. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.34.

Microsoft (NASDAQ:MSFT) last released 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 business posted $2.93 EPS. Equities research analysts forecast that Microsoft Co. will post 13.08 EPS for the current fiscal year.

Microsoft Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Thursday, May 15th will be issued 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 yield of 0.85%. Microsoft’s dividend payout ratio (DPR) is 26.73%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on MSFT shares. Mizuho decreased their target price on shares of Microsoft from $510.00 to $500.00 and set an “outperform” rating for the company in a research note on Thursday, January 30th. Wedbush reissued an “outperform” rating and set a $550.00 price objective on shares of Microsoft in a research report on Thursday. UBS Group dropped their target price on Microsoft from $525.00 to $510.00 and set a “buy” rating on the stock in a research report on Thursday, January 30th. Royal Bank of Canada reiterated an “outperform” rating and set a $500.00 price target on shares of Microsoft in a report on Thursday, January 30th. Finally, Scotiabank started coverage on Microsoft in a research note on Thursday. They issued a “sector outperform” rating and a $470.00 price target for the company. Three equities research analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $510.59.

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.