Trademark Financial Management LLC Buys 668 Shares of Microsoft Co. (NASDAQ:MSFT)

Trademark Financial Management LLC lifted its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 25.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,259 shares of the software giant’s stock after acquiring an additional 668 shares during the quarter. Microsoft makes up approximately 1.1% of Trademark Financial Management LLC’s holdings, making the stock its 22nd biggest position. Trademark Financial Management LLC’s holdings in Microsoft were worth $1,374,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MSFT. Adamsbrown Wealth Consultants LLC increased its stake in shares of Microsoft by 2.2% in the fourth quarter. Adamsbrown Wealth Consultants LLC now owns 5,967 shares of the software giant’s stock worth $2,515,000 after purchasing an additional 130 shares in the last quarter. Oak Ridge Investments LLC boosted its holdings in Microsoft by 7.6% in the 3rd quarter. Oak Ridge Investments LLC now owns 263,534 shares of the software giant’s stock worth $113,399,000 after buying an additional 18,544 shares during the period. Focus Financial Network Inc. increased its stake in Microsoft by 2.0% in the 3rd quarter. Focus Financial Network Inc. now owns 76,296 shares of the software giant’s stock worth $32,830,000 after buying an additional 1,489 shares in the last quarter. Campbell Wealth Management purchased a new stake in Microsoft in the 3rd quarter worth $3,314,000. Finally, Romano Brothers AND Company raised its holdings in Microsoft by 2.3% during the third quarter. Romano Brothers AND Company now owns 42,176 shares of the software giant’s stock valued at $18,148,000 after acquiring an additional 962 shares during the period. 71.13% of the stock is owned by hedge funds and other institutional investors.

Microsoft Stock Down 3.7 %

Shares of MSFT opened at $371.61 on Thursday. The firm has a fifty day moving average price of $390.02 and a 200-day moving average price of $413.52. 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 capitalization of $2.76 trillion, a P/E ratio of 29.92, a P/E/G ratio of 2.21 and a beta of 1.00. Microsoft Co. has a 12-month low of $344.79 and a 12-month high of $468.35.

Microsoft (NASDAQ:MSFT) last issued 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 net margin of 35.43% and a return on equity of 33.36%. During the same period in the prior year, the company posted $2.93 EPS. Equities research analysts expect that Microsoft Co. will post 13.08 earnings per share for the current year.

Microsoft Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Thursday, May 15th will be given a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a yield of 0.89%. The ex-dividend date is Thursday, May 15th. Microsoft’s dividend payout ratio (DPR) is presently 26.73%.

Analyst Ratings Changes

A number of research analysts recently commented on MSFT shares. Jefferies Financial Group reissued a “buy” rating and issued a $475.00 price target (down from $500.00) on shares of Microsoft in a report on Monday, April 7th. Guggenheim reissued a “neutral” rating on shares of Microsoft in a report on Friday, January 24th. UBS Group cut their target price on shares of Microsoft from $510.00 to $480.00 and set a “buy” rating for the company in a research note on Monday. Wedbush decreased their price target on shares of Microsoft from $550.00 to $475.00 and set an “outperform” rating on the stock in a research note on Thursday, April 10th. Finally, DA Davidson upgraded Microsoft from a “neutral” rating to a “buy” rating and raised their price objective for the company from $425.00 to $450.00 in a research report on Thursday, March 13th. Four 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, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $499.97.

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.