Genesis Wealth Advisors LLC Invests $585,000 in Microsoft Co. (NASDAQ:MSFT)

Genesis Wealth Advisors LLC bought a new stake in Microsoft Co. (NASDAQ:MSFT) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,387 shares of the software giant’s stock, valued at approximately $585,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in MSFT. Fiduciary Advisors Inc. bought a new stake in Microsoft in the fourth quarter worth approximately $38,000. IFS Advisors LLC increased its stake 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 acquiring an additional 35 shares in the last quarter. Avondale Wealth Management lifted its position in shares of Microsoft by 144.4% during the 4th quarter. Avondale Wealth Management now owns 110 shares of the software giant’s stock valued at $46,000 after acquiring an additional 65 shares during the period. MidAtlantic Capital Management Inc. bought a new position in Microsoft during the third quarter worth $62,000. Finally, Kieckhefer Group LLC acquired a new stake in Microsoft in the fourth quarter worth $141,000. Institutional investors and hedge funds own 71.13% of the company’s stock.

Wall Street Analysts Forecast Growth

MSFT has been the topic of a number of research analyst reports. Royal Bank of Canada reissued an “outperform” rating and set a $500.00 price objective on shares of Microsoft in a research report on Thursday, January 30th. DA Davidson upgraded Microsoft from a “neutral” rating to a “buy” rating and increased their price target for the stock from $425.00 to $450.00 in a report on Thursday, March 13th. The Goldman Sachs Group decreased their price objective on Microsoft from $500.00 to $450.00 and set a “buy” rating for the company in a report on Thursday, April 24th. Wells Fargo & Company cut their target price on Microsoft from $515.00 to $500.00 and set an “overweight” rating on the stock in a report on Monday, April 14th. Finally, Scotiabank began coverage on shares of Microsoft in a research note on Thursday, March 20th. They set a “sector outperform” rating and a $470.00 price target for the company. Five equities research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the stock. According to MarketBeat, Microsoft presently has a consensus rating of “Moderate Buy” and a consensus target price of $493.89.

Microsoft Stock Up 0.7 %

MSFT opened at $394.04 on Wednesday. The company’s 50-day moving average price is $384.02 and its two-hundred day moving average price is $411.02. 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 Co. has a twelve month low of $344.79 and a twelve month high of $468.35. The stock has a market cap of $2.93 trillion, a price-to-earnings ratio of 31.73, a PEG ratio of 2.21 and a beta of 1.00.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data 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 quarter last year, the business earned $2.93 earnings per share. As a group, equities analysts expect that Microsoft Co. will post 13.08 earnings per share for the current year.

Microsoft Announces Dividend

The company 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 $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 0.84%. The ex-dividend date is Thursday, May 15th. Microsoft’s dividend payout ratio (DPR) is currently 26.73%.

Microsoft 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.