Stanley Laman Group Ltd. Decreases Stake in Microsoft Co. (NASDAQ:MSFT)

Stanley Laman Group Ltd. reduced its holdings in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) by 9.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 32,794 shares of the software giant's stock after selling 3,512 shares during the quarter. Microsoft accounts for about 1.9% of Stanley Laman Group Ltd.'s investment portfolio, making the stock its 3rd largest holding. Stanley Laman Group Ltd.'s holdings in Microsoft were worth $13,823,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Park Capital Management LLC WI acquired a new stake in Microsoft during the fourth quarter worth about $2,836,000. Castle Wealth Management LLC raised its position in shares of Microsoft by 6.0% during the 4th quarter. Castle Wealth Management LLC now owns 10,841 shares of the software giant's stock worth $4,570,000 after purchasing an additional 611 shares during the period. Consolidated Planning Corp lifted its holdings in shares of Microsoft by 15.5% in the 4th quarter. Consolidated Planning Corp now owns 41,543 shares of the software giant's stock worth $17,510,000 after purchasing an additional 5,561 shares during the last quarter. Raab & Moskowitz Asset Management LLC boosted its position in Microsoft by 5.2% during the 4th quarter. Raab & Moskowitz Asset Management LLC now owns 35,910 shares of the software giant's stock valued at $15,136,000 after purchasing an additional 1,789 shares during the period. Finally, Warren Street Wealth Advisors LLC lifted its stake in Microsoft by 2.7% in the fourth quarter. Warren Street Wealth Advisors LLC now owns 8,925 shares of the software giant's stock valued at $3,762,000 after buying an additional 238 shares during the last quarter. Institutional investors own 71.13% of the company's stock.

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Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Stifel Nicolaus decreased their target price on shares of Microsoft from $515.00 to $475.00 and set a "buy" rating for the company in a research report on Friday, March 7th. Morgan Stanley decreased their price objective on Microsoft from $540.00 to $530.00 and set an "overweight" rating for the company in a report on Thursday, January 30th. Scotiabank started coverage on Microsoft in a research report on Thursday, March 20th. They set a "sector outperform" rating and a $470.00 price target for the company. Jefferies Financial Group reissued a "buy" rating and set a $475.00 price target (down from $500.00) on shares of Microsoft in a report on Monday, April 7th. Finally, Westpark Capital began coverage on shares of Microsoft in a report on Tuesday, April 1st. They issued a "hold" rating for the company. Four research analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the stock. Based on data from MarketBeat, Microsoft presently has a consensus rating of "Moderate Buy" and a consensus price target of $502.83.

Microsoft Stock Down 0.5 %

Shares of MSFT traded down $2.08 during midday trading on Tuesday, reaching $385.73. 17,146,935 shares of the stock were exchanged, compared to its average volume of 21,226,164. The company has a market cap of $2.87 trillion, a price-to-earnings ratio of 31.06, a P/E/G ratio of 2.21 and a beta of 1.00. The firm has a 50 day simple moving average of $391.38 and a 200-day simple moving average of $414.11. Microsoft Co. has a 12-month low of $344.79 and a 12-month high of $468.35. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 0.13.

Microsoft (NASDAQ:MSFT - Get Free Report) last issued its quarterly earnings data on Wednesday, January 29th. The software giant reported $3.23 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 previous year, the firm earned $2.93 earnings per share. Research analysts forecast that Microsoft Co. will post 13.08 EPS for the current year.

Microsoft Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Thursday, May 15th will be paid a $0.83 dividend. This represents a $3.32 annualized dividend and a dividend yield of 0.86%. The ex-dividend date is Thursday, May 15th. Microsoft's payout ratio is presently 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.