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Ingalls & Snyder LLC Reduces Stake in Microsoft Co. (NASDAQ:MSFT)

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Ingalls & Snyder LLC lessened its position in Microsoft Co. (NASDAQ:MSFT - Free Report) by 0.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 213,991 shares of the software giant's stock after selling 1,885 shares during the quarter. Microsoft accounts for approximately 3.5% of Ingalls & Snyder LLC's portfolio, making the stock its 4th largest holding. Ingalls & Snyder LLC's holdings in Microsoft were worth $90,197,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of MSFT. WFA Asset Management Corp increased its position in shares of 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. grew its stake in Microsoft by 0.3% in 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 increased its stake 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 worth $1,204,664,000 after acquiring an additional 49,735 shares in the last quarter. Discipline Wealth Solutions LLC lifted its holdings in shares of Microsoft by 410.4% during the third quarter. Discipline Wealth Solutions LLC now owns 2,659 shares of the software giant's stock valued at $1,144,000 after purchasing an additional 2,138 shares during the last quarter. Finally, Swedbank AB raised 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 during the last quarter. Institutional investors own 71.13% of the company's stock.

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Microsoft Price Performance

Shares of MSFT traded down $2.08 during mid-day trading on Tuesday, hitting $385.73. 17,146,935 shares of the stock were exchanged, compared to its average volume of 21,226,164. Microsoft Co. has a 52-week low of $344.79 and a 52-week high of $468.35. The company has a market cap of $2.87 trillion, a PE ratio of 31.06, a price-to-earnings-growth ratio of 2.21 and a beta of 1.00. The firm has a 50-day moving average of $391.38 and a two-hundred day moving average of $414.11. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.34 and a current ratio of 1.35.

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 the consensus estimate of $3.15 by $0.08. Microsoft had a return on equity of 33.36% and a net margin of 35.43%. During the same quarter in the prior year, the company posted $2.93 EPS. On average, equities analysts predict that Microsoft Co. will post 13.08 earnings per share for the current year.

Microsoft Announces Dividend

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

Analysts Set New Price Targets

MSFT has been the subject of several recent analyst reports. Wedbush decreased their target price on shares of Microsoft from $550.00 to $475.00 and set an "outperform" rating for the company in a report on Thursday, April 10th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $500.00 price objective on shares of Microsoft in a research report on Thursday, January 30th. DA Davidson raised shares of Microsoft from a "neutral" rating to a "buy" rating and raised their price target for the company from $425.00 to $450.00 in a report on Thursday, March 13th. Jefferies Financial Group restated a "buy" rating and issued a $475.00 target price (down previously from $500.00) on shares of Microsoft in a report on Monday, April 7th. Finally, Morgan Stanley dropped their price target on Microsoft from $540.00 to $530.00 and set an "overweight" rating on the stock in a research note on Thursday, January 30th. Four research 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, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $502.83.

Read Our Latest Stock Analysis on MSFT

Microsoft Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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