Geneos Wealth Management Inc. increased its position in Microsoft Co. (NASDAQ:MSFT – Free Report) by 2.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 85,078 shares of the software giant’s stock after buying an additional 2,022 shares during the quarter. Microsoft accounts for 1.3% of Geneos Wealth Management Inc.’s portfolio, making the stock its 7th largest position. Geneos Wealth Management Inc.’s holdings in Microsoft were worth $35,860,000 at the end of the most recent quarter.
A number of other hedge funds also recently bought and sold shares of MSFT. Christopher J. Hasenberg Inc lifted its position in Microsoft by 35.7% in the third quarter. Christopher J. Hasenberg Inc now owns 95 shares of the software giant’s stock valued at $39,000 after purchasing an additional 25 shares during the last quarter. Quarry LP bought a new stake in Microsoft in the second quarter valued at approximately $45,000. IFS Advisors LLC lifted its position in Microsoft by 53.8% in the fourth 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 last quarter. Avondale Wealth Management lifted its position in Microsoft by 144.4% in the fourth quarter. Avondale Wealth Management now owns 110 shares of the software giant’s stock valued at $46,000 after purchasing an additional 65 shares during the last quarter. Finally, MidAtlantic Capital Management Inc. bought a new stake in Microsoft in the third quarter valued at approximately $62,000. Institutional investors own 71.13% of the company’s stock.
Analyst Upgrades and Downgrades
Several analysts have weighed in on the company. DA Davidson upgraded Microsoft from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $425.00 to $450.00 in a research report on Thursday. StockNews.com cut Microsoft from a “buy” rating to a “hold” rating in a research note on Friday, February 28th. Guggenheim reissued a “neutral” rating on shares of Microsoft in a research note on Friday, January 24th. Morgan Stanley reduced their target price on Microsoft from $540.00 to $530.00 and set an “overweight” rating on the stock in a research note on Thursday, January 30th. Finally, Piper Sandler reissued an “overweight” rating and set a $520.00 target price on shares of Microsoft in a research note on Monday, January 27th. Three research analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $510.43.
Get Our Latest Research Report on MSFT
Microsoft Trading Up 2.6 %
Shares of NASDAQ:MSFT opened at $388.56 on Friday. The company has a market cap of $2.89 trillion, a P/E ratio of 31.29, a PEG ratio of 2.21 and a beta of 0.92. 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 Co. has a 1 year low of $376.91 and a 1 year high of $468.35. The stock’s fifty day moving average price is $412.43 and its 200-day moving average price is $420.55.
Microsoft (NASDAQ:MSFT – Get Free Report) last announced its quarterly earnings results 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 company earned $2.93 EPS. Sell-side analysts expect that Microsoft Co. will post 13.08 earnings per share for the current year.
Microsoft Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 15th will be issued a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date of this dividend is Thursday, May 15th. Microsoft’s payout ratio 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.
See Also
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