Tandem Capital Management Corp ADV Lowers Stock Position in Microsoft Co. (NASDAQ:MSFT)

Tandem Capital Management Corp ADV lowered its position in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) by 3.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 24,261 shares of the software giant's stock after selling 813 shares during the quarter. Microsoft makes up about 5.5% of Tandem Capital Management Corp ADV's investment portfolio, making the stock its largest position. Tandem Capital Management Corp ADV's holdings in Microsoft were worth $10,226,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Net Worth Advisory Group bought a new stake in shares of Microsoft during the 3rd quarter valued at $2,645,000. Adamsbrown Wealth Consultants LLC boosted its holdings in Microsoft by 2.2% during the fourth quarter. Adamsbrown Wealth Consultants LLC now owns 5,967 shares of the software giant's stock worth $2,515,000 after buying an additional 130 shares during the last quarter. Oak Ridge Investments LLC grew its position in shares of Microsoft by 7.6% during the 3rd quarter. Oak Ridge Investments LLC now owns 263,534 shares of the software giant's stock worth $113,399,000 after buying an additional 18,544 shares during the period. Focus Financial Network Inc. increased its stake in shares of Microsoft by 2.0% in the 3rd quarter. Focus Financial Network Inc. now owns 76,296 shares of the software giant's stock valued at $32,830,000 after acquiring an additional 1,489 shares during the last quarter. Finally, Campbell Wealth Management acquired a new stake in shares of Microsoft in the 3rd quarter valued at approximately $3,314,000. Institutional investors and hedge funds own 71.13% of the company's stock.

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Analyst Ratings Changes

Several equities research analysts have commented on MSFT shares. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $500.00 target price on shares of Microsoft in a research note on Thursday, January 30th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $509.00 price objective on shares of Microsoft in a research note on Wednesday, January 29th. Tigress Financial boosted their target price on Microsoft from $550.00 to $595.00 and gave the company a "buy" rating in a research note on Thursday, March 20th. Morgan Stanley lowered their price target on Microsoft from $540.00 to $530.00 and set an "overweight" rating for the company in a report on Thursday, January 30th. Finally, Stifel Nicolaus lowered their target price on Microsoft from $515.00 to $475.00 and set a "buy" rating for the company in a research note on Friday, March 7th. Four analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company. Based on data from MarketBeat.com, Microsoft presently has a consensus rating of "Moderate Buy" and an average target price of $508.86.

Microsoft Stock Performance

Shares of NASDAQ MSFT traded down $9.03 during mid-day trading on Thursday, reaching $373.11. 30,133,706 shares of the company were exchanged, compared to its average volume of 20,642,636. Microsoft Co. has a twelve month low of $367.24 and a twelve month high of $468.35. The stock has a market capitalization of $2.77 trillion, a P/E ratio of 30.04, a P/E/G ratio of 2.21 and a beta of 0.92. The company's 50-day simple moving average is $400.77 and its 200-day simple moving average is $417.80. 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 issued its quarterly earnings data on Wednesday, January 29th. The software giant reported $3.23 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 previous year, the firm earned $2.93 earnings per share. As a group, research analysts predict that Microsoft Co. will post 13.08 earnings per share for the current year.

Microsoft Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Thursday, May 15th will be given a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a yield of 0.89%. The ex-dividend date is Thursday, May 15th. Microsoft's payout ratio is 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.