Microsoft Co. (NASDAQ:MSFT) Stock Holdings Cut by Groesbeck Investment Management Corp NJ

Groesbeck Investment Management Corp NJ lowered its stake in Microsoft Co. (NASDAQ:MSFT - Free Report) by 14.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,504 shares of the software giant's stock after selling 925 shares during the period. Microsoft accounts for 3.0% of Groesbeck Investment Management Corp NJ's portfolio, making the stock its 5th largest position. Groesbeck Investment Management Corp NJ's holdings in Microsoft were worth $2,320,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. BCK Partners Inc. raised its holdings in Microsoft by 1.8% in the 3rd quarter. BCK Partners Inc. now owns 1,353 shares of the software giant's stock valued at $582,000 after acquiring an additional 24 shares during the period. Muirfield Wealth Advisors LLC increased its stake in shares of Microsoft by 0.5% during the fourth quarter. Muirfield Wealth Advisors LLC now owns 4,427 shares of the software giant's stock worth $1,866,000 after purchasing an additional 24 shares during the period. Sequent Asset Management LLC increased its stake in shares of Microsoft by 1.3% during the third quarter. Sequent Asset Management LLC now owns 1,983 shares of the software giant's stock worth $853,000 after purchasing an additional 25 shares during the period. Cypress Point Wealth Management LLC lifted its holdings in Microsoft by 0.8% during the 3rd quarter. Cypress Point Wealth Management LLC now owns 3,208 shares of the software giant's stock worth $1,380,000 after purchasing an additional 25 shares during the last quarter. Finally, Riverstone Advisors LLC grew its holdings in Microsoft by 0.6% in the 3rd quarter. Riverstone Advisors LLC now owns 4,510 shares of the software giant's stock valued at $1,941,000 after buying an additional 25 shares in the last quarter. Institutional investors own 71.13% of the company's stock.

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Wall Street Analysts Forecast Growth

MSFT has been the subject of a number of research reports. 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. Jefferies Financial Group dropped their price objective on shares of Microsoft from $550.00 to $500.00 and set a "buy" rating for the company in a research note on Monday, March 31st. Mizuho decreased their target price on shares of Microsoft from $510.00 to $500.00 and set an "outperform" rating on the stock in a research report on Thursday, January 30th. StockNews.com downgraded shares of Microsoft from a "buy" rating to a "hold" rating in a research report on Friday, February 28th. Finally, UBS Group reduced their price target on Microsoft from $525.00 to $510.00 and set a "buy" rating on the stock in a research 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. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $508.86.

Microsoft Stock Down 3.6 %

MSFT stock traded down $13.27 during trading on Friday, reaching $359.84. 49,130,329 shares of the stock were exchanged, compared to its average volume of 20,778,366. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.13. Microsoft Co. has a twelve month low of $359.48 and a twelve month high of $468.35. The firm's 50 day moving average is $399.08 and its 200 day moving average is $417.30. The firm has a market cap of $2.68 trillion, a P/E ratio of 28.97, a price-to-earnings-growth ratio of 2.21 and a beta of 1.00.

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

Microsoft Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Thursday, May 15th will be issued a $0.83 dividend. 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 0.92%. Microsoft's dividend payout ratio is presently 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.