Mainsail Asset Management LLC Sells 995 Shares of Microsoft Co. (NASDAQ:MSFT)

Mainsail Asset Management LLC lowered its position in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) by 17.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,567 shares of the software giant's stock after selling 995 shares during the quarter. Microsoft comprises 1.3% of Mainsail Asset Management LLC's portfolio, making the stock its 12th largest position. Mainsail Asset Management LLC's holdings in Microsoft were worth $1,925,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Fiduciary Advisors Inc. acquired a new stake in shares of Microsoft during the 4th quarter worth approximately $38,000. IFS Advisors LLC raised its position in shares of Microsoft by 53.8% during the 4th quarter. IFS Advisors LLC now owns 100 shares of the software giant's stock worth $42,000 after purchasing an additional 35 shares during the period. Avondale Wealth Management raised its position in shares of Microsoft by 144.4% during the 4th quarter. Avondale Wealth Management now owns 110 shares of the software giant's stock worth $46,000 after purchasing an additional 65 shares during the period. MidAtlantic Capital Management Inc. bought a new position in Microsoft in the 3rd quarter worth approximately $62,000. Finally, Kieckhefer Group LLC bought a new position in Microsoft in the 4th quarter worth approximately $141,000. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Microsoft Stock Performance

NASDAQ:MSFT traded up $11.13 during mid-day trading on Wednesday, hitting $377.95. 4,482,807 shares of the company's stock traded hands, compared to its average volume of 21,177,769. The firm has a market capitalization of $2.81 trillion, a price-to-earnings ratio of 30.43, a price-to-earnings-growth ratio of 2.21 and a beta of 1.00. The firm has a 50 day moving average of $386.38 and a two-hundred day moving average of $411.95. 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 Co. has a 12 month low of $344.79 and a 12 month high of $468.35.

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

Microsoft Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 15th will be given a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date of this dividend is Thursday, May 15th. Microsoft's dividend payout ratio is currently 26.73%.

Analyst Ratings Changes

MSFT has been the subject of a number of recent analyst reports. Stifel Nicolaus decreased their price objective on Microsoft from $515.00 to $475.00 and set a "buy" rating for the company in a report on Friday, March 7th. Barclays decreased their price objective on Microsoft from $475.00 to $430.00 and set an "overweight" rating for the company in a report on Monday. Scotiabank initiated coverage on Microsoft in a report on Thursday, March 20th. They issued a "sector outperform" rating and a $470.00 price objective for the company. Morgan Stanley decreased their price objective on Microsoft from $530.00 to $472.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Finally, Cantor Fitzgerald reissued an "overweight" rating and issued a $509.00 price objective on shares of Microsoft in a report on Wednesday, January 29th. Five analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $497.63.

About Microsoft

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.