GHP Investment Advisors Inc. Sells 890 Shares of Microsoft Co. (NASDAQ:MSFT)

GHP Investment Advisors Inc. reduced its stake in Microsoft Co. (NASDAQ:MSFT - Free Report) by 1.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 72,841 shares of the software giant's stock after selling 890 shares during the period. Microsoft accounts for approximately 1.4% of GHP Investment Advisors Inc.'s holdings, making the stock its 3rd biggest position. GHP Investment Advisors Inc.'s holdings in Microsoft were worth $30,703,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in MSFT. WFA Asset Management Corp boosted its holdings in Microsoft by 27.0% during the first quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant's stock worth $427,000 after buying an additional 216 shares in the last quarter. Ironwood Wealth Management LLC. raised its position in shares of Microsoft by 0.3% during the second quarter. Ironwood Wealth Management LLC. now owns 12,658 shares of the software giant's stock worth $5,658,000 after purchasing an additional 38 shares during the period. AMF Tjanstepension AB boosted its position in shares of Microsoft by 1.8% in the 3rd quarter. AMF Tjanstepension AB now owns 2,799,261 shares of the software giant's stock valued at $1,204,664,000 after purchasing an additional 49,735 shares during the period. Discipline Wealth Solutions LLC increased its stake in Microsoft by 410.4% in the 3rd quarter. Discipline Wealth Solutions LLC now owns 2,659 shares of the software giant's stock worth $1,144,000 after purchasing an additional 2,138 shares in the last quarter. Finally, Swedbank AB lifted its stake in Microsoft by 0.4% during the third quarter. Swedbank AB now owns 13,689,356 shares of the software giant's stock valued at $5,890,530,000 after buying an additional 49,288 shares in the last quarter. 71.13% of the stock is owned by institutional investors and hedge funds.

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Microsoft Stock Performance

Shares of Microsoft stock traded down $1.98 during midday trading on Monday, hitting $357.86. The company had a trading volume of 50,017,125 shares, compared to its average volume of 20,896,489. Microsoft Co. has a 1-year low of $344.93 and a 1-year high of $468.35. The business's 50 day simple moving average is $397.55 and its two-hundred day simple moving average is $416.67. The stock has a market cap of $2.66 trillion, a PE ratio of 28.81, a P/E/G ratio of 2.21 and a beta of 1.00. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.34.

Microsoft (NASDAQ:MSFT - Get Free Report) last posted its quarterly 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 net margin of 35.43% and a return on equity of 33.36%. During the same period last year, the business posted $2.93 EPS. As a group, equities analysts predict that Microsoft Co. will post 13.08 EPS for the current fiscal year.

Microsoft Announces Dividend

The company also recently disclosed 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 annualized dividend and a dividend yield of 0.93%. The ex-dividend date is Thursday, May 15th. Microsoft's payout ratio is presently 26.73%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. StockNews.com downgraded shares of Microsoft from a "buy" rating to a "hold" rating in a research note on Friday, February 28th. DA Davidson raised Microsoft from a "neutral" rating to a "buy" rating and lifted their target price for the company from $425.00 to $450.00 in a research note on Thursday, March 13th. Tigress Financial increased their price target on shares of Microsoft from $550.00 to $595.00 and gave the stock a "buy" rating in a research report on Thursday, March 20th. Piper Sandler reaffirmed an "overweight" rating and set a $520.00 price objective on shares of Microsoft in a research report on Monday, January 27th. Finally, Morgan Stanley cut their target price on shares of Microsoft from $540.00 to $530.00 and set an "overweight" rating for the company in a research report on Thursday, January 30th. Four investment analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company's stock. According to data from MarketBeat, Microsoft currently has a consensus rating of "Moderate Buy" and an average target price of $508.00.

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.