JTC Employer Solutions Trustee Ltd Has $108.86 Million Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

JTC Employer Solutions Trustee Ltd lowered its position in Microsoft Co. (NASDAQ:MSFT - Free Report) by 1.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 256,253 shares of the software giant's stock after selling 3,724 shares during the period. Microsoft comprises approximately 7.7% of JTC Employer Solutions Trustee Ltd's holdings, making the stock its 2nd largest position. JTC Employer Solutions Trustee Ltd's holdings in Microsoft were worth $108,857,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in MSFT. Christopher J. Hasenberg Inc increased its holdings in Microsoft by 35.7% in the third quarter. Christopher J. Hasenberg Inc now owns 95 shares of the software giant's stock valued at $39,000 after buying an additional 25 shares in the last quarter. Quarry LP purchased a new position in Microsoft in the second quarter valued at about $45,000. Avondale Wealth Management increased its holdings in Microsoft by 144.4% in the fourth quarter. Avondale Wealth Management now owns 110 shares of the software giant's stock valued at $46,000 after buying an additional 65 shares in the last quarter. MidAtlantic Capital Management Inc. purchased a new position in shares of Microsoft during the 3rd quarter worth approximately $62,000. Finally, Kieckhefer Group LLC purchased a new position in shares of Microsoft during the 4th quarter worth approximately $141,000. 71.13% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CMO Takeshi Numoto sold 2,500 shares of Microsoft stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $430.87, for a total transaction of $1,077,175.00. Following the sale, the chief marketing officer now owns 53,852 shares of the company's stock, valued at $23,203,211.24. The trade was a 4.44 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders have sold 8,000 shares of company stock valued at $3,493,820 in the last quarter. Company insiders own 0.03% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the stock. UBS Group dropped their price objective on shares of Microsoft from $525.00 to $510.00 and set a "buy" rating for the company in a research note on Thursday, January 30th. Loop Capital raised their price objective on shares of Microsoft from $500.00 to $550.00 and gave the stock a "buy" rating in a research note on Monday, December 23rd. Stifel Nicolaus raised their price objective on shares of Microsoft from $475.00 to $515.00 and gave the stock a "buy" rating in a research note on Wednesday, December 18th. JPMorgan Chase & Co. dropped their price objective on shares of Microsoft from $470.00 to $465.00 and set an "overweight" rating for the company in a research note on Thursday, October 31st. Finally, Cantor Fitzgerald reissued an "overweight" rating and set a $509.00 price objective on shares of Microsoft in a research note on Wednesday, January 29th. Three investment analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $510.96.

Microsoft Stock Down 1.4 %

Shares of NASDAQ:MSFT traded down $5.77 during midday trading on Friday, hitting $410.36. 13,673,038 shares of the company's stock traded hands, compared to its average volume of 22,098,506. 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 company has a market cap of $3.05 trillion, a PE ratio of 33.03, a P/E/G ratio of 2.20 and a beta of 0.90. The firm's fifty day moving average price is $425.98 and its two-hundred day moving average price is $422.79. Microsoft Co. has a twelve month low of $385.58 and a twelve month high of $468.35.

Microsoft (NASDAQ:MSFT - Get Free Report) last posted 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 net margin of 35.43% and a return on equity of 33.36%. During the same quarter last year, the business posted $2.93 EPS. On average, equities research analysts anticipate that Microsoft Co. will post 13.07 EPS for the current fiscal year.

Microsoft Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 20th will be paid a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a yield of 0.81%. The ex-dividend date of this dividend is Thursday, February 20th. Microsoft's dividend payout ratio (DPR) 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.