Sigma Planning Corp Has $62.92 Million Holdings in Microsoft Co. (NASDAQ:MSFT)

Sigma Planning Corp trimmed its position in Microsoft Co. (NASDAQ:MSFT - Free Report) by 6.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 149,276 shares of the software giant's stock after selling 9,785 shares during the quarter. Microsoft makes up approximately 2.0% of Sigma Planning Corp's portfolio, making the stock its 6th biggest holding. Sigma Planning Corp's holdings in Microsoft were worth $62,920,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of MSFT. 44 Wealth Management LLC lifted its position in Microsoft by 1.7% during the fourth quarter. 44 Wealth Management LLC now owns 36,825 shares of the software giant's stock valued at $15,522,000 after purchasing an additional 614 shares during the last quarter. Redmond Asset Management LLC grew its position in Microsoft by 128.7% in the fourth quarter. Redmond Asset Management LLC now owns 24,357 shares of the software giant's stock worth $10,266,000 after acquiring an additional 13,705 shares in the last quarter. SAM Advisors LLC increased its stake in Microsoft by 1.0% in the fourth quarter. SAM Advisors LLC now owns 12,683 shares of the software giant's stock valued at $5,347,000 after acquiring an additional 129 shares during the last quarter. Turning Point Benefit Group Inc. bought a new stake in Microsoft during the fourth quarter worth about $931,000. Finally, Oxbow Advisors LLC boosted its holdings in shares of Microsoft by 2.4% in the 4th quarter. Oxbow Advisors LLC now owns 78,674 shares of the software giant's stock worth $33,161,000 after purchasing an additional 1,826 shares in the last quarter. 71.13% of the stock is currently owned by institutional investors.

Microsoft Stock Performance

Shares of NASDAQ:MSFT opened at $391.85 on Monday. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $2.91 trillion, a price-to-earnings ratio of 31.55, a price-to-earnings-growth ratio of 2.21 and a beta of 1.00. The firm has a 50 day moving average of $384.93 and a 200 day moving average of $411.34. Microsoft Co. has a 52 week low of $344.79 and a 52 week high of $468.35.

Microsoft (NASDAQ:MSFT - Get Free Report) last issued its quarterly earnings data 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 quarter in the previous year, the company posted $2.93 earnings per share. On average, sell-side analysts predict that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders 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 dividend yield of 0.85%. The ex-dividend date of this dividend is Thursday, May 15th. Microsoft's payout ratio is currently 26.73%.

Analyst Ratings Changes

Several analysts have issued reports on the company. Scotiabank started coverage on Microsoft in a research note on Thursday, March 20th. They issued a "sector outperform" rating and a $470.00 target price for the company. Wells Fargo & Company cut their price objective on shares of Microsoft from $515.00 to $500.00 and set an "overweight" rating for the company in a research note on Monday, April 14th. Jefferies Financial Group reiterated a "buy" rating and issued a $475.00 target price (down previously from $500.00) on shares of Microsoft in a research report on Monday, April 7th. Royal Bank of Canada restated an "outperform" rating and set a $500.00 price target on shares of Microsoft in a research report on Thursday, January 30th. Finally, Mizuho decreased their price objective on Microsoft from $510.00 to $500.00 and set an "outperform" rating on the stock in a report on Thursday, January 30th. Five investment analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Microsoft currently has a consensus rating of "Moderate Buy" and a consensus price target of $493.89.

Microsoft Company 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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