Caprock Group LLC cut its holdings in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) by 0.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 228,247 shares of the software giant's stock after selling 1,613 shares during the period. Microsoft accounts for approximately 3.1% of Caprock Group LLC's holdings, making the stock its 4th biggest holding. Caprock Group LLC's holdings in Microsoft were worth $96,206,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. Fiduciary Advisors Inc. bought a new stake in Microsoft in the fourth quarter valued at about $38,000. Christopher J. Hasenberg Inc grew its position in shares of Microsoft by 35.7% during the 3rd 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 period. 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 during the last quarter. Avondale Wealth Management raised its position in shares of Microsoft by 144.4% in 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. Finally, MidAtlantic Capital Management Inc. bought a new position in Microsoft during the 3rd quarter worth approximately $62,000. 71.13% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several brokerages have commented on MSFT. Scotiabank assumed coverage on shares of Microsoft in a research note on Thursday, March 20th. They issued a "sector outperform" rating and a $470.00 target price for the company. Piper Sandler restated an "overweight" rating and issued a $520.00 price objective on shares of Microsoft in a research report on Monday, January 27th. Wedbush reiterated an "outperform" rating and set a $550.00 target price on shares of Microsoft in a report on Thursday, March 20th. Loop Capital increased their price target on Microsoft from $500.00 to $550.00 and gave the stock a "buy" rating in a report on Monday, December 23rd. Finally, Morgan Stanley cut their price objective on Microsoft from $540.00 to $530.00 and set an "overweight" rating on the stock in a report on Thursday, January 30th. Three analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $510.59.
Check Out Our Latest Research Report on Microsoft
Microsoft Stock Performance
Microsoft stock traded up $0.61 during midday trading on Thursday, reaching $390.58. 13,742,201 shares of the company's stock were exchanged, compared to its average volume of 19,308,254. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.34 and a current ratio of 1.35. The stock's 50-day simple moving average is $406.52 and its 200 day simple moving average is $419.25. The firm has a market cap of $2.90 trillion, a price-to-earnings ratio of 31.45, a P/E/G ratio of 2.21 and a beta of 0.92. Microsoft Co. has a 52 week low of $376.91 and a 52 week high of $468.35.
Microsoft (NASDAQ:MSFT - Get Free Report) last posted its earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share for the quarter, topping 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 last year, the firm posted $2.93 EPS. On average, analysts expect that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.
Microsoft Announces Dividend
The business also recently announced 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. This represents a $3.32 annualized dividend and a dividend yield of 0.85%. The ex-dividend date is Thursday, May 15th. 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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