Sawgrass Asset Management LLC Has $57.31 Million Stake in Microsoft Co. (NASDAQ:MSFT)

Sawgrass Asset Management LLC reduced its position in Microsoft Co. (NASDAQ:MSFT - Free Report) by 6.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 135,957 shares of the software giant's stock after selling 10,131 shares during the period. Microsoft accounts for approximately 6.3% of Sawgrass Asset Management LLC's investment portfolio, making the stock its largest holding. Sawgrass Asset Management LLC's holdings in Microsoft were worth $57,306,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Fiduciary Advisors Inc. acquired a new position in Microsoft in the fourth quarter valued at about $38,000. IFS Advisors LLC boosted its stake in 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 acquiring an additional 35 shares during the last quarter. Avondale Wealth Management grew its holdings in shares of 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. acquired a new stake in shares of Microsoft during the third quarter worth about $62,000. Finally, Kieckhefer Group LLC acquired a new stake in Microsoft during the 4th quarter worth approximately $141,000. Institutional investors own 71.13% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on MSFT shares. Mizuho decreased their price objective on Microsoft from $510.00 to $500.00 and set an "outperform" rating for the company in a report on Thursday, January 30th. Scotiabank assumed coverage on shares of Microsoft in a report on Thursday, March 20th. They issued a "sector outperform" rating and a $470.00 price objective on the stock. Wedbush reduced their target price on shares of Microsoft from $550.00 to $475.00 and set an "outperform" rating for the company in a report on Thursday, April 10th. Wells Fargo & Company lowered their price target on shares of Microsoft from $515.00 to $500.00 and set an "overweight" rating on the stock in a research note on Monday. Finally, Jefferies Financial Group restated a "buy" rating and set a $475.00 price objective (down from $500.00) on shares of Microsoft in a research note on Monday, April 7th. Four investment analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $502.83.

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Microsoft Price Performance

Shares of MSFT stock traded down $2.08 during trading on Tuesday, hitting $385.73. The company had a trading volume of 17,146,935 shares, compared to its average volume of 21,226,164. The firm has a market capitalization of $2.87 trillion, a P/E ratio of 31.06, a price-to-earnings-growth ratio of 2.21 and a beta of 1.00. Microsoft Co. has a one year low of $344.79 and a one year high of $468.35. 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's 50-day moving average price is $391.38 and its 200 day moving average price is $414.11.

Microsoft (NASDAQ:MSFT - Get Free Report) last released its earnings results 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 return on equity of 33.36% and a net margin of 35.43%. During the same quarter last year, the company posted $2.93 EPS. Equities analysts expect that Microsoft Co. will post 13.08 EPS for the current fiscal year.

Microsoft Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 15th will be issued a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date is Thursday, May 15th. Microsoft's dividend payout ratio (DPR) is presently 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.