Freedom Day Solutions LLC cut its holdings in Microsoft Co. (NASDAQ:MSFT - Free Report) by 12.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 16,351 shares of the software giant's stock after selling 2,418 shares during the period. Microsoft accounts for 2.1% of Freedom Day Solutions LLC's investment portfolio, making the stock its 6th biggest position. Freedom Day Solutions LLC's holdings in Microsoft were worth $6,892,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. Fiduciary Advisors Inc. purchased a new stake in Microsoft in the 4th quarter worth approximately $38,000. IFS Advisors LLC raised its position in shares of Microsoft by 53.8% in the fourth quarter. IFS Advisors LLC now owns 100 shares of the software giant's stock worth $42,000 after buying an additional 35 shares in the last quarter. Avondale Wealth Management raised its position in shares of Microsoft by 144.4% in the fourth quarter. Avondale Wealth Management now owns 110 shares of the software giant's stock worth $46,000 after buying an additional 65 shares in the last quarter. MidAtlantic Capital Management Inc. bought a new stake in Microsoft during the third quarter valued at $62,000. Finally, Kieckhefer Group LLC purchased a new position in Microsoft during the fourth quarter worth about $141,000. 71.13% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of analysts have recently issued reports on the company. StockNews.com downgraded Microsoft from a "buy" rating to a "hold" rating in a research report on Friday, February 28th. Tigress Financial lifted their target price on shares of Microsoft from $550.00 to $595.00 and gave the company a "buy" rating in a research report on Thursday, March 20th. Barclays decreased their price target on shares of Microsoft from $475.00 to $430.00 and set an "overweight" rating on the stock in a report on Monday. KeyCorp reaffirmed a "sector weight" rating on shares of Microsoft in a report on Thursday, April 17th. Finally, Wells Fargo & Company lowered their price target on Microsoft from $515.00 to $500.00 and set an "overweight" rating on the stock in a research report on Monday, April 14th. Five investment analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $493.13.
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Microsoft Stock Up 1.2 %
Shares of MSFT stock traded up $4.55 during midday trading on Friday, reaching $391.85. 18,959,931 shares of the stock were exchanged, compared to its average volume of 21,280,218. Microsoft Co. has a 1 year low of $344.79 and a 1 year high of $468.35. The firm has a market cap of $2.91 trillion, a PE ratio of 31.55, a price-to-earnings-growth ratio of 2.21 and a beta of 1.00. The company's 50 day moving average is $385.28 and its two-hundred day moving average is $411.53. 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 issued its quarterly earnings results 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 in the previous year, the business earned $2.93 EPS. On average, 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 given a dividend of $0.83 per share. 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 0.85%. Microsoft's dividend payout ratio (DPR) is currently 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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