Transcend Capital Advisors LLC Has $39.13 Million Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

Transcend Capital Advisors LLC trimmed its position in Microsoft Co. (NASDAQ:MSFT - Free Report) by 10.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 92,841 shares of the software giant's stock after selling 10,675 shares during the quarter. Microsoft makes up 2.8% of Transcend Capital Advisors LLC's holdings, making the stock its 2nd largest position. Transcend Capital Advisors LLC's holdings in Microsoft were worth $39,133,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the company. BCK Partners Inc. grew its stake in Microsoft by 1.8% during the third quarter. BCK Partners Inc. now owns 1,353 shares of the software giant's stock worth $582,000 after purchasing an additional 24 shares during the period. Muirfield Wealth Advisors LLC boosted its holdings in shares of Microsoft by 0.5% during the 4th quarter. Muirfield Wealth Advisors LLC now owns 4,427 shares of the software giant's stock worth $1,866,000 after buying an additional 24 shares in the last quarter. Retirement Financial Solutions LLC grew its position in shares of Microsoft by 2.3% during the 4th quarter. Retirement Financial Solutions LLC now owns 1,050 shares of the software giant's stock worth $443,000 after buying an additional 24 shares during the period. Sequent Asset Management LLC increased its stake in shares of Microsoft by 1.3% in the 3rd quarter. Sequent Asset Management LLC now owns 1,983 shares of the software giant's stock valued at $853,000 after acquiring an additional 25 shares in the last quarter. Finally, Cypress Point Wealth Management LLC lifted its position in shares of Microsoft by 0.8% during the 3rd quarter. Cypress Point Wealth Management LLC now owns 3,208 shares of the software giant's stock valued at $1,380,000 after acquiring an additional 25 shares during the period. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on MSFT shares. Jefferies Financial Group reaffirmed a "buy" rating and issued a $475.00 price target (down from $500.00) on shares of Microsoft in a research note on Monday, April 7th. Guggenheim reaffirmed a "neutral" rating on shares of Microsoft in a research note on Wednesday. StockNews.com cut Microsoft from a "buy" rating to a "hold" rating in a research note on Friday, February 28th. Barclays cut their target price on Microsoft from $475.00 to $430.00 and set an "overweight" rating on the stock in a report on Monday, April 21st. Finally, Royal Bank of Canada restated an "outperform" rating and set a $500.00 price objective on shares of Microsoft in a report on Thursday, January 30th. Five investment analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $493.13.

Microsoft Price Performance

MSFT traded up $4.55 during trading on Friday, reaching $391.85. 18,959,931 shares of the company were exchanged, compared to its average volume of 21,169,050. 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 cap of $2.91 trillion, a price-to-earnings ratio of 31.55, a P/E/G ratio of 2.21 and a beta of 1.00. Microsoft Co. has a 12-month low of $344.79 and a 12-month high of $468.35. The company's 50-day moving average is $384.93 and its two-hundred day moving average is $411.41.

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 analysts' consensus estimates 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 last year, the firm posted $2.93 EPS. Research analysts forecast that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Thursday, May 15th will be paid a $0.83 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.32 dividend on an annualized basis and a yield of 0.85%. Microsoft's dividend payout ratio is currently 26.73%.

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.