Pacific Sage Partners LLC Increases Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

Pacific Sage Partners LLC lifted its stake in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) by 6.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 196,033 shares of the software giant's stock after acquiring an additional 11,952 shares during the quarter. Microsoft makes up 18.8% of Pacific Sage Partners LLC's holdings, making the stock its biggest holding. Pacific Sage Partners LLC's holdings in Microsoft were worth $82,628,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in MSFT. Fiduciary Advisors Inc. bought a new stake in Microsoft in the fourth quarter worth approximately $38,000. IFS Advisors LLC increased its holdings in shares of Microsoft by 53.8% during the fourth quarter. IFS Advisors LLC now owns 100 shares of the software giant's stock valued at $42,000 after acquiring an additional 35 shares in the last quarter. Avondale Wealth Management lifted 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 worth $46,000 after purchasing an additional 65 shares in the last quarter. MidAtlantic Capital Management Inc. bought a new stake in Microsoft during the 3rd quarter valued at $62,000. Finally, Kieckhefer Group LLC acquired a new position in Microsoft during the fourth quarter worth $141,000. 71.13% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on MSFT. UBS Group reduced their price objective on shares of Microsoft from $525.00 to $510.00 and set a "buy" rating for the company in a report on Thursday, January 30th. Loop Capital raised their price target 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. Royal Bank of Canada reissued an "outperform" rating and set a $500.00 target price on shares of Microsoft in a report on Thursday, January 30th. Wedbush reaffirmed an "outperform" rating and issued a $550.00 target price on shares of Microsoft in a research note on Thursday, March 20th. Finally, Mizuho dropped their price target on shares of Microsoft from $510.00 to $500.00 and set an "outperform" rating for the company in a research report on Thursday, January 30th. Three investment analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $510.59.

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Microsoft Stock Performance

MSFT traded down $11.78 during mid-day trading on Friday, reaching $378.80. 21,606,792 shares of the company traded hands, compared to its average volume of 20,523,498. The company's fifty day moving average price is $405.52 and its 200-day moving average price is $419.06. The stock has a market capitalization of $2.82 trillion, a P/E ratio of 30.50, a P/E/G ratio of 2.21 and a beta of 0.92. Microsoft Co. has a 52-week low of $376.91 and a 52-week 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 released its earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share 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 quarter in the previous year, the business posted $2.93 EPS. On average, sell-side analysts expect that Microsoft Co. will post 13.08 EPS for the current year.

Microsoft Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders 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 yield of 0.88%. The ex-dividend date is Thursday, May 15th. Microsoft's dividend payout ratio is presently 26.73%.

Microsoft Company 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.