GPS Wealth Strategies Group LLC Sells 3,623 Shares of Microsoft Co. (NASDAQ:MSFT)

GPS Wealth Strategies Group LLC decreased its position in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) by 6.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. 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 biggest holding. GPS Wealth Strategies Group LLC's holdings in Microsoft were worth $23,320,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MSFT. Fiduciary Advisors Inc. purchased a new position in shares of Microsoft in the 4th quarter valued at approximately $38,000. IFS Advisors LLC grew its position in 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 buying an additional 35 shares during the last quarter. Avondale Wealth Management increased its stake in 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 buying an additional 65 shares during the period. MidAtlantic Capital Management Inc. purchased a new position in Microsoft during the 3rd quarter worth $62,000. Finally, Kieckhefer Group LLC acquired a new stake in shares of Microsoft in the 4th quarter worth $141,000. Hedge funds and other institutional investors own 71.13% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on MSFT. Tigress Financial boosted their price target on shares of Microsoft from $550.00 to $595.00 and gave the stock a "buy" rating in a research note on Thursday, March 20th. Wedbush reissued an "outperform" rating and set a $550.00 target price on shares of Microsoft in a research note on Thursday, March 20th. DA Davidson upgraded Microsoft from a "neutral" rating to a "buy" rating and lifted their price target for the company from $425.00 to $450.00 in a research note on Thursday, March 13th. Guggenheim reaffirmed a "neutral" rating on shares of Microsoft in a report on Friday, January 24th. Finally, UBS Group reduced their target price on Microsoft from $525.00 to $510.00 and set a "buy" rating for the company in a report on Thursday, January 30th. Four equities research analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $508.86.

Microsoft Trading Up 1.8 %

Shares of NASDAQ:MSFT traded up $6.80 during trading on Tuesday, reaching $382.19. The stock had a trading volume of 19,648,293 shares, compared to its average volume of 20,595,340. Microsoft Co. has a fifty-two week low of $367.24 and a fifty-two week high of $468.35. The business has a fifty day moving average price of $403.52 and a 200-day moving average price of $418.45. The stock has a market cap of $2.84 trillion, a P/E ratio of 30.77, a PEG ratio of 2.21 and a beta of 0.92. The company has a quick ratio of 1.34, a current ratio of 1.35 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 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. As a group, analysts anticipate that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Thursday, May 15th will be paid a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date of this dividend is Thursday, May 15th. Microsoft's payout ratio is 26.73%.

Microsoft Company 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.