Microsoft Co. (NASDAQ:MSFT) is Elite Wealth Management Inc.'s Largest Position

Elite Wealth Management Inc. trimmed its position in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) by 2.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 317,346 shares of the software giant's stock after selling 8,140 shares during the quarter. Microsoft accounts for approximately 16.5% of Elite Wealth Management Inc.'s investment portfolio, making the stock its largest position. Elite Wealth Management Inc.'s holdings in Microsoft were worth $133,761,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Drum Hill Capital LLC bought a new stake in shares of Microsoft during the 4th quarter worth approximately $1,918,000. Hudson Edge Investment Partners Inc. increased its stake in Microsoft by 5.1% in the 4th quarter. Hudson Edge Investment Partners Inc. now owns 533 shares of the software giant's stock worth $225,000 after buying an additional 26 shares during the period. Dahring Cusmano LLC purchased a new stake in Microsoft in the 4th quarter valued at about $976,000. Blackston Financial Advisory Group LLC increased its position in shares of Microsoft by 9.2% during the fourth quarter. Blackston Financial Advisory Group LLC now owns 11,255 shares of the software giant's stock worth $4,744,000 after acquiring an additional 949 shares during the period. Finally, Bradley Foster & Sargent Inc. CT boosted its holdings in shares of Microsoft by 0.5% in the fourth quarter. Bradley Foster & Sargent Inc. CT now owns 767,392 shares of the software giant's stock valued at $323,456,000 after purchasing an additional 4,102 shares during the period. Institutional investors own 71.13% of the company's stock.

Microsoft Price Performance

Shares of Microsoft stock traded down $0.69 during trading hours on Monday, reaching $391.16. The stock had a trading volume of 16,533,069 shares, compared to its average volume of 21,150,512. The stock's 50 day moving average is $384.93 and its 200 day moving average is $411.34. 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 twelve month low of $344.79 and a twelve month high of $468.35. The firm has a market capitalization of $2.91 trillion, a PE ratio of 31.49, a PEG ratio of 2.21 and a beta of 1.00.

Microsoft (NASDAQ:MSFT - Get Free Report) last issued its quarterly earnings results on Wednesday, January 29th. The software giant reported $3.23 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 last year, the firm posted $2.93 earnings per share. Equities analysts expect that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The business 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 annualized dividend and a dividend yield of 0.85%. Microsoft's dividend payout ratio (DPR) is presently 26.73%.

Analyst Ratings Changes

Several brokerages have weighed in on MSFT. UBS Group lowered their target price on Microsoft from $510.00 to $480.00 and set a "buy" rating for the company in a report on Monday, April 14th. Wedbush lowered their price target on shares of Microsoft from $550.00 to $475.00 and set an "outperform" rating for the company in a research report on Thursday, April 10th. Cantor Fitzgerald reissued an "overweight" rating and issued a $509.00 price objective on shares of Microsoft in a research note on Wednesday, January 29th. Royal Bank of Canada reiterated an "outperform" rating and issued a $500.00 price target on shares of Microsoft in a report on Thursday, January 30th. Finally, Stifel Nicolaus reduced their target price on shares of Microsoft from $515.00 to $475.00 and set a "buy" rating for the company in a report on Friday, March 7th. Five research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company. Based on data from MarketBeat, Microsoft presently has a consensus rating of "Moderate Buy" and an average target price of $493.89.

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.