RPS Advisory Solutions LLC Sells 1,572 Shares of Microsoft Co. (NASDAQ:MSFT)

RPS Advisory Solutions LLC reduced its position in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) by 24.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,743 shares of the software giant's stock after selling 1,572 shares during the period. Microsoft accounts for approximately 1.2% of RPS Advisory Solutions LLC's holdings, making the stock its 17th biggest position. RPS Advisory Solutions LLC's holdings in Microsoft were worth $1,999,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Fiduciary Advisors Inc. bought a new position in shares of Microsoft in the fourth quarter worth about $38,000. IFS Advisors LLC grew its holdings in Microsoft by 53.8% in the 4th quarter. IFS Advisors LLC now owns 100 shares of the software giant's stock valued at $42,000 after buying an additional 35 shares during the last quarter. Avondale Wealth Management increased its position in Microsoft by 144.4% in the 4th quarter. Avondale Wealth Management now owns 110 shares of the software giant's stock worth $46,000 after buying an additional 65 shares during the period. MidAtlantic Capital Management Inc. acquired a new position in shares of Microsoft during the third quarter worth approximately $62,000. Finally, Kieckhefer Group LLC bought a new stake in shares of Microsoft in the fourth quarter valued at approximately $141,000. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Microsoft Trading Up 3.4 %

Shares of NASDAQ MSFT opened at $387.30 on Friday. Microsoft Co. has a 1-year low of $344.79 and a 1-year high of $468.35. The company has a 50-day moving average of $385.28 and a two-hundred day moving average of $411.53. The company has a market cap of $2.88 trillion, a PE ratio of 31.18, a P/E/G ratio of 2.21 and a beta of 1.00. 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 (NASDAQ:MSFT - Get Free Report) last posted its quarterly earnings data 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 in the previous year, the firm posted $2.93 earnings per share. As a group, equities analysts expect that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Thursday, May 15th will be issued 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 26.73%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on MSFT. Guggenheim reaffirmed a "neutral" rating on shares of Microsoft in a research report on Wednesday. Tigress Financial boosted their price objective on shares of Microsoft from $550.00 to $595.00 and gave the stock a "buy" rating in a report on Thursday, March 20th. UBS Group reduced their target price on shares of Microsoft from $510.00 to $480.00 and set a "buy" rating for the company in a research note on Monday, April 14th. DA Davidson upgraded 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 note on Thursday, March 13th. Finally, Wedbush reduced their price objective on Microsoft from $550.00 to $475.00 and set an "outperform" rating for the company in a research report on Thursday, April 10th. Five analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $493.13.

About Microsoft

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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