Matisse Capital Has $7.19 Million Stock Position in Microsoft Co. (NASDAQ:MSFT)

Matisse Capital reduced its stake in Microsoft Co. (NASDAQ:MSFT - Free Report) by 3.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,049 shares of the software giant's stock after selling 673 shares during the period. Microsoft comprises 3.7% of Matisse Capital's investment portfolio, making the stock its 2nd largest position. Matisse Capital's holdings in Microsoft were worth $7,186,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Fiduciary Advisors Inc. bought a new stake in shares of Microsoft in the 4th quarter worth approximately $38,000. IFS Advisors LLC boosted its holdings in Microsoft by 53.8% in the fourth quarter. IFS Advisors LLC now owns 100 shares of the software giant's stock valued at $42,000 after acquiring an additional 35 shares in the last quarter. Avondale Wealth Management increased its position in Microsoft by 144.4% during the 4th quarter. Avondale Wealth Management now owns 110 shares of the software giant's stock valued at $46,000 after purchasing an additional 65 shares during the period. MidAtlantic Capital Management Inc. purchased a new stake in shares of Microsoft in the 3rd quarter worth about $62,000. Finally, Kieckhefer Group LLC bought a new stake in shares of Microsoft during the 4th quarter valued at about $141,000. Institutional investors own 71.13% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Scotiabank initiated coverage on shares of Microsoft in a report on Thursday, March 20th. They issued a "sector outperform" rating and a $470.00 price objective for the company. Loop Capital raised their price objective on Microsoft from $500.00 to $550.00 and gave the company a "buy" rating in a research report on Monday, December 23rd. Guggenheim reaffirmed a "neutral" rating on shares of Microsoft in a research report on Friday, January 24th. Piper Sandler reissued an "overweight" rating and set a $520.00 price target on shares of Microsoft in a research report on Monday, January 27th. Finally, DA Davidson upgraded shares of Microsoft from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $425.00 to $450.00 in a report on Thursday, March 13th. Four investment analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company. According to MarketBeat, Microsoft currently has an average rating of "Moderate Buy" and a consensus target price of $508.86.

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Microsoft Stock Performance

Shares of Microsoft stock traded down $1.34 on Wednesday, hitting $380.85. 8,494,296 shares of the company's stock were exchanged, compared to its average volume of 20,548,939. Microsoft Co. has a 1 year low of $367.24 and a 1 year high of $468.35. The company has a 50-day simple moving average of $403.52 and a 200-day simple moving average of $418.45. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.34 and a current ratio of 1.35. The stock has a market capitalization of $2.83 trillion, a PE ratio of 30.66, a PEG ratio of 2.21 and a beta of 0.92.

Microsoft (NASDAQ:MSFT - Get Free Report) last released its earnings results 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 return on equity of 33.36% and a net margin of 35.43%. During the same quarter in the prior year, the firm earned $2.93 EPS. As a group, equities analysts anticipate that Microsoft Co. will post 13.08 EPS for the current year.

Microsoft Dividend Announcement

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

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.