Sageworth Trust Co Reduces Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

Sageworth Trust Co lessened its holdings in Microsoft Co. (NASDAQ:MSFT - Free Report) by 22.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,432 shares of the software giant's stock after selling 1,000 shares during the quarter. Sageworth Trust Co's holdings in Microsoft were worth $1,447,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in MSFT. International Assets Investment Management LLC increased its stake in shares of Microsoft by 48,526.1% in the third quarter. International Assets Investment Management LLC now owns 38,501,645 shares of the software giant's stock worth $16,567,258,000 after buying an additional 38,422,466 shares during the period. Assenagon Asset Management S.A. increased its position in shares of Microsoft by 76.6% in the fourth quarter. Assenagon Asset Management S.A. now owns 10,532,402 shares of the software giant's stock valued at $4,439,407,000 after acquiring an additional 4,568,539 shares during the period. Geode Capital Management LLC raised its stake in shares of Microsoft by 2.0% during the third quarter. Geode Capital Management LLC now owns 165,024,812 shares of the software giant's stock valued at $70,790,682,000 after acquiring an additional 3,264,648 shares during the last quarter. Baillie Gifford & Co. boosted its holdings in shares of Microsoft by 46.1% during the third quarter. Baillie Gifford & Co. now owns 7,048,244 shares of the software giant's stock worth $3,032,859,000 after purchasing an additional 2,222,483 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Microsoft by 4.1% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 54,590,791 shares of the software giant's stock worth $23,490,417,000 after purchasing an additional 2,125,030 shares during the last quarter. 71.13% of the stock is owned by institutional investors.

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Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. 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. Scotiabank assumed coverage on Microsoft in a research note on Thursday, March 20th. They issued a "sector outperform" rating and a $470.00 price target for the company. Stifel Nicolaus cut their price target on shares of Microsoft from $515.00 to $475.00 and set a "buy" rating on the stock in a report on Friday, March 7th. Morgan Stanley decreased their price objective on shares of Microsoft from $540.00 to $530.00 and set an "overweight" rating for the company in a report on Thursday, January 30th. Finally, Westpark Capital began coverage on shares of Microsoft in a research note on Tuesday, April 1st. They set a "hold" rating on the stock. Four analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $508.00.

Microsoft Stock Up 1.5 %

Shares of MSFT stock traded up $5.26 during mid-day trading on Wednesday, hitting $359.82. The company's stock had a trading volume of 4,141,964 shares, compared to its average volume of 23,748,721. The stock has a market cap of $2.67 trillion, a price-to-earnings ratio of 29.00, a PEG ratio of 2.21 and a beta of 1.00. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.34 and a current ratio of 1.35. Microsoft Co. has a 52-week low of $344.79 and a 52-week high of $468.35. The business has a 50-day moving average price of $393.94 and a 200 day moving average price of $415.52.

Microsoft (NASDAQ:MSFT - Get Free Report) last issued its earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share 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 period last year, the business posted $2.93 earnings per share. Research analysts predict that Microsoft Co. will post 13.08 EPS for the current fiscal 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. 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 dividend payout ratio (DPR) is presently 26.73%.

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.