Avior Wealth Management LLC lowered its stake in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) by 2.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 56,624 shares of the software giant's stock after selling 1,264 shares during the period. Microsoft makes up 0.9% of Avior Wealth Management LLC's portfolio, making the stock its 26th biggest position. Avior Wealth Management LLC's holdings in Microsoft were worth $23,867,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Christopher J. Hasenberg Inc boosted its holdings in Microsoft by 35.7% during the third quarter. Christopher J. Hasenberg Inc now owns 95 shares of the software giant's stock worth $39,000 after buying an additional 25 shares during the last quarter. Quarry LP bought a new position in Microsoft during the second quarter worth about $45,000. IFS Advisors LLC lifted its holdings in shares of Microsoft by 53.8% during 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 in the last quarter. Avondale Wealth Management lifted its holdings 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 purchasing an additional 65 shares in the last quarter. Finally, MidAtlantic Capital Management Inc. bought a new position in shares of Microsoft during the 3rd quarter valued at about $62,000. Institutional investors own 71.13% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities research analysts recently issued reports on MSFT shares. Stifel Nicolaus dropped their target price on Microsoft from $515.00 to $475.00 and set a "buy" rating on the stock in a research report on Friday, March 7th. Cantor Fitzgerald reissued an "overweight" rating and issued a $509.00 target price on shares of Microsoft in a research report on Wednesday, January 29th. Morgan Stanley dropped their target price on Microsoft from $540.00 to $530.00 and set an "overweight" rating on the stock in a research report on Thursday, January 30th. DA Davidson reissued a "neutral" rating and issued a $425.00 target price on shares of Microsoft in a research report on Thursday, January 30th. Finally, Royal Bank of Canada reissued an "outperform" rating and issued a $500.00 target price on shares of Microsoft in a research report on Thursday, January 30th. Four analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $509.54.
Read Our Latest Stock Report on Microsoft
Microsoft Stock Performance
MSFT opened at $380.45 on Wednesday. The business has a fifty day simple moving average of $414.68 and a 200 day simple moving average of $421.30. The company has a market capitalization of $2.83 trillion, a PE ratio of 30.63, a price-to-earnings-growth ratio of 2.21 and a beta of 0.92. Microsoft Co. has a 1 year low of $376.91 and a 1 year high of $468.35. 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 - Get Free Report) last released its quarterly earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share (EPS) 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 period in the prior year, the firm posted $2.93 earnings per share. Research analysts expect that Microsoft Co. will post 13.08 EPS for the current year.
Microsoft Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders 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 dividend yield of 0.87%. Microsoft's payout ratio is 26.73%.
Microsoft Profile
(
Free Report)
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.
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