Migdal Insurance & Financial Holdings Ltd. Sells 117,421 Shares of Microsoft Co. (NASDAQ:MSFT)

Migdal Insurance & Financial Holdings Ltd. reduced its stake in Microsoft Co. (NASDAQ:MSFT - Free Report) by 38.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 188,235 shares of the software giant's stock after selling 117,421 shares during the period. Microsoft comprises 1.1% of Migdal Insurance & Financial Holdings Ltd.'s investment portfolio, making the stock its 25th largest position. Migdal Insurance & Financial Holdings Ltd.'s holdings in Microsoft were worth $79,364,000 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 added to or reduced their stakes in MSFT. BCK Partners Inc. lifted its stake in Microsoft by 1.8% during 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 raised its holdings 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 valued at $1,866,000 after purchasing an additional 24 shares during the last quarter. Sequent Asset Management LLC lifted its position in Microsoft by 1.3% during the third quarter. Sequent Asset Management LLC now owns 1,983 shares of the software giant's stock valued at $853,000 after purchasing an additional 25 shares during the period. Cypress Point Wealth Management LLC boosted its holdings in Microsoft by 0.8% in the third 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 position in Microsoft by 0.6% in the 3rd quarter. Riverstone Advisors LLC now owns 4,510 shares of the software giant's stock worth $1,941,000 after purchasing an additional 25 shares during the period. 71.13% of the stock is currently owned by institutional investors.

Microsoft Price Performance

MSFT stock opened at $359.84 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.34 and a current ratio of 1.35. The company's fifty day moving average price is $399.08 and its 200-day moving average price is $417.40. Microsoft Co. has a one year low of $359.48 and a one year high of $468.35. The company has a market capitalization of $2.68 trillion, a PE ratio of 28.97, a price-to-earnings-growth ratio of 2.21 and a beta of 1.00.

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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, 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 period in the previous year, the company posted $2.93 EPS. On average, equities analysts anticipate that Microsoft Co. will post 13.08 EPS for the current fiscal year.

Microsoft Dividend Announcement

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 paid a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date of this dividend is Thursday, May 15th. Microsoft's payout ratio is 26.73%.

Analyst Upgrades and Downgrades

MSFT has been the topic of several research analyst reports. Jefferies Financial Group lowered their price target on Microsoft from $550.00 to $500.00 and set a "buy" rating on the stock in a report on Monday, March 31st. Loop Capital raised their target price on Microsoft from $500.00 to $550.00 and gave the stock a "buy" rating in a research report on Monday, December 23rd. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $509.00 price target on shares of Microsoft in a research report on Wednesday, January 29th. Royal Bank of Canada reissued an "outperform" rating and issued a $500.00 price objective on shares of Microsoft in a report on Thursday, January 30th. Finally, Guggenheim reaffirmed a "neutral" rating on shares of Microsoft in a report on Friday, January 24th. Four equities 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 company has an average rating of "Moderate Buy" and an average target price of $508.86.

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.

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