GPS Wealth Strategies Group LLC Has $23.32 Million Stock Position in Microsoft Co. (NASDAQ:MSFT)

GPS Wealth Strategies Group LLC lowered its position in Microsoft Co. (NASDAQ:MSFT - Free Report) by 6.1% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 55,326 shares of the software giant's stock after selling 3,623 shares during the period. Microsoft accounts for approximately 3.0% of GPS Wealth Strategies Group LLC's portfolio, making the stock its 7th largest position. GPS Wealth Strategies Group LLC's holdings in Microsoft were worth $23,320,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Net Worth Advisory Group bought a new position in Microsoft during the third quarter worth $2,645,000. Oak Ridge Investments LLC boosted its position in shares of Microsoft by 7.6% during the 3rd quarter. Oak Ridge Investments LLC now owns 263,534 shares of the software giant's stock worth $113,399,000 after purchasing an additional 18,544 shares in the last quarter. Focus Financial Network Inc. grew its stake in shares of Microsoft by 2.0% in the 3rd quarter. Focus Financial Network Inc. now owns 76,296 shares of the software giant's stock valued at $32,830,000 after buying an additional 1,489 shares during the period. Campbell Wealth Management bought a new stake in Microsoft in the 3rd quarter valued at about $3,314,000. Finally, Evernest Financial Advisors LLC raised its stake in Microsoft by 389.2% during the 3rd quarter. Evernest Financial Advisors LLC now owns 53,770 shares of the software giant's stock worth $23,137,000 after buying an additional 42,778 shares during the period. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently issued reports on MSFT. Scotiabank began coverage on shares of Microsoft in a research report on Thursday, March 20th. They issued a "sector outperform" rating and a $470.00 price target for the company. Piper Sandler reissued an "overweight" rating and set a $520.00 price objective on shares of Microsoft in a report on Monday, January 27th. Jefferies Financial Group dropped their price target on Microsoft from $550.00 to $500.00 and set a "buy" rating on the stock in a research report on Monday. Stifel Nicolaus cut their price target on shares of Microsoft from $515.00 to $475.00 and set a "buy" rating for the company in a research note on Friday, March 7th. Finally, UBS Group cut their price objective on Microsoft from $525.00 to $510.00 and set a "buy" rating for the company in a report on Thursday, January 30th. Three investment analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $508.86.

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Microsoft Stock Performance

NASDAQ:MSFT traded down $7.63 during mid-day trading on Monday, reaching $371.17. The company's stock had a trading volume of 12,866,771 shares, compared to its average volume of 20,496,477. The firm's fifty day moving average price is $405.52 and its two-hundred day moving average price is $419.10. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.13. The stock has a market cap of $2.76 trillion, a P/E ratio of 29.86, a PEG ratio of 2.21 and a beta of 0.92. Microsoft Co. has a 12-month low of $367.31 and a 12-month high of $468.35.

Microsoft (NASDAQ:MSFT - Get Free Report) last released its quarterly earnings data on Wednesday, January 29th. The software giant reported $3.23 earnings per share 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 in the previous year, the business earned $2.93 earnings per share. On average, equities analysts forecast that Microsoft Co. will post 13.08 EPS for the current fiscal year.

Microsoft Dividend Announcement

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. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.32 annualized dividend and a yield of 0.89%. Microsoft's payout ratio is 26.73%.

Microsoft Profile

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.