Oakworth Capital Inc. reduced its stake in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) by 2.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 47,375 shares of the software giant's stock after selling 1,337 shares during the quarter. Microsoft accounts for approximately 1.4% of Oakworth Capital Inc.'s holdings, making the stock its 20th biggest position. Oakworth Capital Inc.'s holdings in Microsoft were worth $19,969,000 as of its most recent SEC filing.
Other hedge funds have also recently bought and sold shares of the company. Fiduciary Advisors Inc. bought a new stake in Microsoft in the 4th quarter valued at $38,000. IFS Advisors LLC boosted its position in shares of Microsoft by 53.8% during the 4th quarter. IFS Advisors LLC now owns 100 shares of the software giant's stock valued at $42,000 after acquiring an additional 35 shares in the last quarter. Avondale Wealth Management increased its stake in Microsoft by 144.4% in the fourth quarter. Avondale Wealth Management now owns 110 shares of the software giant's stock valued at $46,000 after acquiring an additional 65 shares during the period. MidAtlantic Capital Management Inc. acquired a new position in Microsoft in the third quarter worth about $62,000. Finally, Kieckhefer Group LLC bought a new position in Microsoft during the fourth quarter worth about $141,000. 71.13% of the stock is owned by institutional investors.
Microsoft Trading Down 0.6 %
Shares of NASDAQ:MSFT traded down $1.98 during mid-day trading on Monday, reaching $357.86. The stock had a trading volume of 50,017,125 shares, compared to its average volume of 20,896,489. The firm has a market cap of $2.66 trillion, a PE ratio of 28.81, a price-to-earnings-growth ratio of 2.21 and a beta of 1.00. The firm has a 50 day simple moving average of $397.55 and a two-hundred day simple moving average of $416.67. 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 $344.93 and a twelve month high of $468.35.
Microsoft (NASDAQ:MSFT - Get Free Report) last posted its earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share 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 last year, the firm earned $2.93 EPS. On average, research analysts predict that Microsoft Co. will post 13.08 EPS for the current fiscal year.
Microsoft Announces Dividend
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 paid a dividend of $0.83 per share. The ex-dividend date is Thursday, May 15th. This represents a $3.32 dividend on an annualized basis and a yield of 0.93%. Microsoft's payout ratio is 26.73%.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently issued reports on the company. Westpark Capital assumed coverage on Microsoft in a report on Tuesday, April 1st. They issued a "hold" rating for the company. Tigress Financial increased their price objective on Microsoft from $550.00 to $595.00 and gave the stock a "buy" rating in a research note on Thursday, March 20th. Cantor Fitzgerald restated an "overweight" rating and issued a $509.00 target price on shares of Microsoft in a research note on Wednesday, January 29th. UBS Group dropped their target price on shares of Microsoft from $525.00 to $510.00 and set a "buy" rating for the company in a research report on Thursday, January 30th. Finally, DA Davidson upgraded shares of Microsoft from a "neutral" rating to a "buy" rating and boosted their price target for the company from $425.00 to $450.00 in a research report on Thursday, March 13th. Four investment analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $508.00.
Read Our Latest Stock Analysis on MSFT
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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