Buckhead Capital Management LLC trimmed its holdings in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) by 2.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,896 shares of the software giant's stock after selling 778 shares during the period. Microsoft comprises about 4.3% of Buckhead Capital Management LLC's portfolio, making the stock its 2nd largest position. Buckhead Capital Management LLC's holdings in Microsoft were worth $13,444,000 at the end of the most recent quarter.
A number of other institutional investors have also added to or reduced their stakes in the business. Adamsbrown Wealth Consultants LLC raised its stake in 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 buying an additional 130 shares in the last quarter. Oak Ridge Investments LLC raised its position in shares of 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 acquiring an additional 18,544 shares in the last quarter. Focus Financial Network Inc. lifted its stake in shares of Microsoft by 2.0% during 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 last quarter. Campbell Wealth Management bought a new stake in Microsoft during the third quarter valued at about $3,314,000. Finally, Romano Brothers AND Company grew its stake in Microsoft by 2.3% in the third quarter. Romano Brothers AND Company now owns 42,176 shares of the software giant's stock valued at $18,148,000 after purchasing an additional 962 shares during the last quarter. Hedge funds and other institutional investors own 71.13% of the company's stock.
Microsoft Stock Performance
Microsoft stock traded down $14.12 during mid-day trading on Wednesday, hitting $371.61. The company had a trading volume of 21,938,586 shares, compared to its average volume of 21,233,013. The company has a market capitalization of $2.76 trillion, a price-to-earnings 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. The company's fifty day moving average is $390.78 and its 200-day moving average is $413.81. 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 (NASDAQ:MSFT - Get Free Report) last released its quarterly earnings results on Wednesday, January 29th. The software giant reported $3.23 EPS for the quarter, beating the consensus estimate 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 quarter last year, the firm earned $2.93 EPS. Equities research analysts predict that Microsoft Co. will post 13.08 EPS for the current year.
Microsoft Dividend Announcement
The firm 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 $0.83 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.32 dividend on an annualized basis and a yield of 0.89%. Microsoft's payout ratio is 26.73%.
Analyst Ratings Changes
A number of analysts have recently weighed in on MSFT shares. Mizuho lowered their price target on shares of Microsoft from $510.00 to $500.00 and set an "outperform" rating on the stock in a report on Thursday, January 30th. Morgan Stanley cut their price target on shares of Microsoft from $530.00 to $472.00 and set an "overweight" rating on the stock in a report on Wednesday. Tigress Financial increased their price objective on Microsoft from $550.00 to $595.00 and gave the company a "buy" rating in a report on Thursday, March 20th. Scotiabank assumed coverage on Microsoft in a research note on Thursday, March 20th. They set a "sector outperform" rating and a $470.00 target price on the stock. Finally, Jefferies Financial Group reaffirmed a "buy" rating and set a $475.00 target price (down from $500.00) on shares of Microsoft in a research report on Monday, April 7th. Four 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.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $499.97.
View Our Latest Stock Analysis on Microsoft
Microsoft Company 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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