Microsoft Co. (NASDAQ:MSFT) is Harvey Capital Management Inc.'s 5th Largest Position

Harvey Capital Management Inc. trimmed its position in Microsoft Co. (NASDAQ:MSFT - Free Report) by 1.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 58,080 shares of the software giant's stock after selling 845 shares during the quarter. Microsoft accounts for 5.8% of Harvey Capital Management Inc.'s portfolio, making the stock its 5th largest position. Harvey Capital Management Inc.'s holdings in Microsoft were worth $24,481,000 at the end of the most recent reporting period.

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

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Microsoft Stock Down 0.2 %

MSFT traded down $0.64 during midday trading on Monday, reaching $387.81. 19,232,192 shares of the company were exchanged, compared to its average volume of 21,242,474. The company's fifty day moving average price is $391.89 and its 200 day moving average price is $414.41. Microsoft Co. has a one year low of $344.79 and a one year high of $468.35. The company has a market cap of $2.88 trillion, a price-to-earnings ratio of 31.22, a price-to-earnings-growth ratio of 2.21 and a beta of 1.00. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.34 and a current ratio of 1.35.

Microsoft (NASDAQ:MSFT - Get Free Report) last posted its earnings results on Wednesday, January 29th. The software giant reported $3.23 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 quarter in the previous year, the company posted $2.93 EPS. As a group, analysts expect that Microsoft Co. will post 13.08 EPS for the current year.

Microsoft Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 15th will be paid a dividend of $0.83 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.32 annualized dividend and a dividend yield of 0.86%. Microsoft's payout ratio is currently 26.73%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Wedbush reduced their price objective on Microsoft from $550.00 to $475.00 and set an "outperform" rating on the stock in a research note on Thursday. Tigress Financial upped 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. Stifel Nicolaus lowered their price objective 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. Jefferies Financial Group reissued a "buy" rating and set a $475.00 price target (down from $500.00) on shares of Microsoft in a research note on Monday, April 7th. Finally, StockNews.com lowered Microsoft from a "buy" rating to a "hold" rating in a research report on Friday, February 28th. Four equities research analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $503.86.

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.