Roffman Miller Associates Inc. PA Grows Stake in Microsoft Co. (NASDAQ:MSFT)

Roffman Miller Associates Inc. PA grew its holdings in Microsoft Co. (NASDAQ:MSFT) by 0.4% in the fourth quarter, Holdings Channel reports. The firm owned 247,681 shares of the software giant’s stock after buying an additional 946 shares during the quarter. Microsoft accounts for about 6.4% of Roffman Miller Associates Inc. PA’s portfolio, making the stock its 2nd biggest position. Roffman Miller Associates Inc. PA’s holdings in Microsoft were worth $104,398,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the business. Adamsbrown Wealth Consultants LLC increased its position in Microsoft by 2.2% during the fourth quarter. Adamsbrown Wealth Consultants LLC now owns 5,967 shares of the software giant’s stock valued at $2,515,000 after acquiring an additional 130 shares during the last quarter. Oak Ridge Investments LLC grew 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 during the period. Mcdaniel Terry & Co. increased its position in shares of Microsoft by 6.1% during the 4th quarter. Mcdaniel Terry & Co. now owns 315,594 shares of the software giant’s stock valued at $133,023,000 after purchasing an additional 18,052 shares during the last quarter. Focus Financial Network Inc. lifted its stake in shares of 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 purchasing an additional 1,489 shares during the period. Finally, Campbell Wealth Management purchased a new position in shares of Microsoft in the third quarter worth approximately $3,314,000. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on MSFT shares. Bank of America reduced their target price on shares of Microsoft from $510.00 to $480.00 and set a “buy” rating for the company in a report on Tuesday, April 15th. Westpark Capital started coverage on Microsoft in a report on Tuesday, April 1st. They issued a “hold” rating on the stock. Morgan Stanley lowered their target price on Microsoft from $530.00 to $472.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 16th. Guggenheim restated a “neutral” rating on shares of Microsoft in a research report on Wednesday, April 23rd. Finally, Tigress Financial lifted their price objective on Microsoft from $550.00 to $595.00 and gave the company a “buy” rating in a research report on Thursday, March 20th. Five analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $493.89.

Microsoft Stock Up 0.7 %

Shares of NASDAQ MSFT opened at $394.04 on Wednesday. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.13. Microsoft Co. has a 12-month low of $344.79 and a 12-month high of $468.35. The firm’s 50-day moving average price is $384.02 and its 200-day moving average price is $411.02. The stock has a market capitalization of $2.93 trillion, a price-to-earnings ratio of 31.73, a P/E/G ratio of 2.21 and a beta of 1.00.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings data on Wednesday, January 29th. The software giant reported $3.23 earnings per share (EPS) for the quarter, beating 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 prior year, the firm earned $2.93 EPS. On average, equities research analysts anticipate that Microsoft Co. will post 13.08 EPS for the current fiscal year.

Microsoft Announces Dividend

The business also recently declared 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 annualized dividend and a yield of 0.84%. Microsoft’s payout ratio is presently 26.73%.

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.