Waycross Partners LLC Has $50.55 Million Holdings in Microsoft Co. (NASDAQ:MSFT)

Waycross Partners LLC increased its position in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) by 1.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 119,931 shares of the software giant's stock after acquiring an additional 2,187 shares during the period. Microsoft comprises about 6.5% of Waycross Partners LLC's portfolio, making the stock its 3rd biggest position. Waycross Partners LLC's holdings in Microsoft were worth $50,551,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Fiduciary Advisors Inc. acquired a new position in Microsoft during the 4th quarter worth about $38,000. IFS Advisors LLC increased its position in shares of Microsoft by 53.8% during the fourth quarter. IFS Advisors LLC now owns 100 shares of the software giant's stock worth $42,000 after buying an additional 35 shares during the period. Avondale Wealth Management lifted its holdings 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 buying an additional 65 shares during the period. MidAtlantic Capital Management Inc. acquired a new stake in Microsoft during the 3rd quarter worth about $62,000. Finally, Kieckhefer Group LLC bought a new stake in Microsoft in the fourth quarter valued at $141,000. 71.13% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Tigress Financial raised their target price on Microsoft from $550.00 to $595.00 and gave the company a "buy" rating in a research note on Thursday, March 20th. Piper Sandler decreased their price objective on Microsoft from $520.00 to $435.00 and set an "overweight" rating for the company in a report on Wednesday. Guggenheim reaffirmed a "neutral" rating on shares of Microsoft in a research report on Wednesday. Morgan Stanley reduced their price target on shares of Microsoft from $530.00 to $472.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Finally, KeyCorp reaffirmed a "sector weight" rating on shares of Microsoft in a research note on Thursday, April 17th. Five investment analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company's stock. According to MarketBeat, Microsoft has an average rating of "Moderate Buy" and an average price target of $493.13.

Microsoft Stock Performance

Microsoft stock traded up $12.09 during trading on Thursday, hitting $386.48. The stock had a trading volume of 11,146,684 shares, compared to its average volume of 21,222,488. 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 stock's 50 day moving average is $385.70 and its two-hundred day moving average is $411.70. Microsoft Co. has a 1 year low of $344.79 and a 1 year high of $468.35. The stock has a market cap of $2.87 trillion, a price-to-earnings ratio of 31.13, a price-to-earnings-growth ratio of 2.21 and a beta of 1.00.

Microsoft (NASDAQ:MSFT - Get Free Report) last posted its quarterly 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 return on equity of 33.36% and a net margin of 35.43%. During the same quarter in the prior year, the business posted $2.93 earnings per share. As a group, analysts predict that Microsoft Co. will post 13.08 EPS for the current 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 issued 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 0.86%. Microsoft's payout ratio is 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.