Microsoft Co. (NASDAQ:MSFT) is Tyche Wealth Partners LLC's 5th Largest Position

Tyche Wealth Partners LLC cut its stake in Microsoft Co. (NASDAQ:MSFT - Free Report) by 3.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 32,374 shares of the software giant's stock after selling 1,301 shares during the quarter. Microsoft accounts for 2.9% of Tyche Wealth Partners LLC's holdings, making the stock its 5th biggest position. Tyche Wealth Partners LLC's holdings in Microsoft were worth $13,646,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Summit Wealth Partners LLC lifted its position in shares of Microsoft by 13.5% in the fourth quarter. Summit Wealth Partners LLC now owns 6,774 shares of the software giant's stock valued at $2,855,000 after buying an additional 804 shares during the last quarter. Absher Wealth Management LLC increased its position in shares of Microsoft by 1.5% in the fourth quarter. Absher Wealth Management LLC now owns 88,813 shares of the software giant's stock worth $37,435,000 after purchasing an additional 1,275 shares during the period. LCM Capital Management Inc raised its position in shares of Microsoft by 1.0% in the 4th quarter. LCM Capital Management Inc now owns 20,725 shares of the software giant's stock valued at $8,736,000 after buying an additional 197 shares in the last quarter. Syntegra Private Wealth Group LLC increased its stake in Microsoft by 1.9% in the fourth quarter. Syntegra Private Wealth Group LLC now owns 12,976 shares of the software giant's stock valued at $5,469,000 after acquiring an additional 247 shares during the last quarter. Finally, Private Management Group Inc. raised its position in Microsoft by 1.8% during the fourth quarter. Private Management Group Inc. now owns 6,867 shares of the software giant's stock valued at $2,895,000 after purchasing an additional 121 shares in the last quarter. 71.13% of the stock is owned by institutional investors.

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Analyst Upgrades and Downgrades

Several brokerages have commented on MSFT. DA Davidson raised Microsoft from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $425.00 to $450.00 in a research note on Thursday, March 13th. Tigress Financial increased their price target on Microsoft from $550.00 to $595.00 and gave the company a "buy" rating in a research note on Thursday, March 20th. Westpark Capital started coverage on Microsoft in a research report on Tuesday. They issued a "hold" rating for the company. Loop Capital upped their price target on Microsoft from $500.00 to $550.00 and gave the stock a "buy" rating in a research note on Monday, December 23rd. Finally, UBS Group lowered their target price on shares of Microsoft from $525.00 to $510.00 and set a "buy" rating on the stock in a report on Thursday, January 30th. Four research analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $508.86.

Microsoft Price Performance

MSFT traded down $9.03 during trading on Thursday, reaching $373.11. 30,133,706 shares of the company traded hands, compared to its average volume of 20,642,729. Microsoft Co. has a 12-month low of $367.24 and a 12-month high of $468.35. The firm has a fifty day simple moving average of $402.24 and a 200 day simple moving average of $418.11. 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 $2.77 trillion, a P/E ratio of 30.04, a PEG ratio of 2.21 and a beta of 0.92.

Microsoft (NASDAQ:MSFT - Get Free Report) last announced its quarterly earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share (EPS) for the quarter, beating 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 prior year, the company posted $2.93 EPS. On average, equities analysts forecast that Microsoft Co. will post 13.08 EPS for the current year.

Microsoft Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.89%. Microsoft's dividend payout ratio is currently 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.