New Mexico Educational Retirement Board trimmed its holdings in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) by 2.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 354,347 shares of the software giant's stock after selling 9,100 shares during the quarter. Microsoft makes up approximately 5.0% of New Mexico Educational Retirement Board's investment portfolio, making the stock its 3rd biggest holding. New Mexico Educational Retirement Board's holdings in Microsoft were worth $149,357,000 as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of the stock. WFA Asset Management Corp raised its stake 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 buying an additional 216 shares during the last quarter. Ironwood Wealth Management LLC. raised its position in shares of Microsoft by 0.3% in 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 boosted its stake in 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 purchasing an additional 49,735 shares in the last quarter. Discipline Wealth Solutions LLC increased its stake in Microsoft by 410.4% during the 3rd 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 in the last quarter. Finally, Swedbank AB raised its holdings in shares of Microsoft by 0.4% in the third quarter. Swedbank AB now owns 13,689,356 shares of the software giant's stock worth $5,890,530,000 after buying an additional 49,288 shares during the last quarter. Hedge funds and other institutional investors own 71.13% of the company's stock.
Microsoft Trading Down 1.0 %
NASDAQ:MSFT traded down $3.83 during trading hours on Friday, hitting $367.78. The company had a trading volume of 20,940,221 shares, compared to its average volume of 21,277,339. Microsoft Co. has a 1 year low of $344.79 and a 1 year high of $468.35. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.13. The company has a 50-day moving average of $389.13 and a 200 day moving average of $413.21. The company has a market cap of $2.73 trillion, a P/E ratio of 29.61, a P/E/G ratio of 2.21 and a beta of 1.00.
Microsoft (NASDAQ:MSFT - Get Free Report) last released its quarterly earnings data on Wednesday, January 29th. The software giant reported $3.23 earnings per share (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 earned $2.93 earnings per share. Sell-side analysts expect that Microsoft Co. will post 13.08 earnings per share for the current year.
Microsoft Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Thursday, May 15th will be given a $0.83 dividend. The ex-dividend date is Thursday, May 15th. This represents a $3.32 dividend on an annualized basis and a yield of 0.90%. Microsoft's payout ratio is currently 26.73%.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently weighed in on MSFT shares. Loop Capital boosted their price objective on shares of Microsoft from $500.00 to $550.00 and gave the company a "buy" rating in a report on Monday, December 23rd. Bank of America cut their price objective on Microsoft from $510.00 to $480.00 and set a "buy" rating on the stock in a report on Tuesday. Morgan Stanley decreased their target price on Microsoft from $530.00 to $472.00 and set an "overweight" rating for the company in a report on Wednesday. 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 report on Monday, April 7th. Finally, Piper Sandler reissued an "overweight" rating and set a $520.00 target price on shares of Microsoft in a report on Monday, January 27th. Five investment analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $499.97.
Read Our Latest Analysis on Microsoft
About Microsoft
(
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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