Fagan Associates Inc. reduced its stake in Microsoft Co. (NASDAQ:MSFT - Free Report) by 8.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 85,608 shares of the software giant's stock after selling 7,976 shares during the quarter. Microsoft comprises about 5.7% of Fagan Associates Inc.'s portfolio, making the stock its 3rd largest holding. Fagan Associates Inc.'s holdings in Microsoft were worth $36,084,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors also recently bought and sold shares of MSFT. Private Advisor Group LLC grew its stake in Microsoft by 1.5% during the 4th quarter. Private Advisor Group LLC now owns 600,392 shares of the software giant's stock valued at $253,066,000 after purchasing an additional 8,889 shares during the last quarter. Parker Financial LLC boosted its position in Microsoft by 1.4% in the fourth quarter. Parker Financial LLC now owns 3,293 shares of the software giant's stock valued at $1,388,000 after buying an additional 47 shares during the last quarter. Keene & Associates Inc. raised its position in Microsoft by 1.4% during the 4th quarter. Keene & Associates Inc. now owns 10,151 shares of the software giant's stock worth $4,278,000 after buying an additional 143 shares during the last quarter. Financial Perspectives Inc lifted its stake in Microsoft by 1.6% during the 4th quarter. Financial Perspectives Inc now owns 33,537 shares of the software giant's stock valued at $14,136,000 after acquiring an additional 541 shares during the period. Finally, Alberta Investment Management Corp boosted its holdings in shares of Microsoft by 98.6% in the 4th quarter. Alberta Investment Management Corp now owns 230,035 shares of the software giant's stock valued at $96,960,000 after acquiring an additional 114,179 shares during the last quarter. 71.13% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of research firms recently issued reports on MSFT. Cantor Fitzgerald restated an "overweight" rating and set a $509.00 target price on shares of Microsoft in a research report on Wednesday, January 29th. Stifel Nicolaus lowered their target price on Microsoft from $515.00 to $475.00 and set a "buy" rating on the stock in a research note on Friday, March 7th. KeyCorp restated a "sector weight" rating on shares of Microsoft in a research report on Thursday, April 17th. Jefferies Financial Group reaffirmed a "buy" rating and set a $475.00 target price (down from $500.00) on shares of Microsoft in a report on Monday, April 7th. Finally, 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. Five investment analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $493.13.
Get Our Latest Report on MSFT
Microsoft Price Performance
Shares of Microsoft stock traded up $4.55 on Friday, hitting $391.85. 18,959,931 shares of the company were exchanged, compared to its average volume of 21,203,147. Microsoft Co. has a 1-year low of $344.79 and a 1-year high of $468.35. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. The company has a 50-day moving average price of $384.93 and a 200 day moving average price of $411.41. The stock has a market capitalization of $2.91 trillion, a price-to-earnings ratio of 31.55, a price-to-earnings-growth ratio of 2.21 and a beta of 1.00.
Microsoft (NASDAQ:MSFT - Get Free Report) last issued its quarterly earnings data on Wednesday, January 29th. The software giant reported $3.23 earnings per share for the quarter, topping 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 last year, the business earned $2.93 earnings per share. As a group, sell-side analysts predict that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.
Microsoft Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Thursday, May 15th will be given a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date of this dividend is Thursday, May 15th. Microsoft's payout ratio is 26.73%.
About Microsoft
(
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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