1 week Ago By Defense World Staff
Indie Asset Partners LLC lowered its holdings in Microsoft Co. ( NASDAQ:MSFT – Free Report ) by 13.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC.
The fund owned 8,686 shares of the software giant’s stock after selling 1,326 shares during the period. Microsoft comprises 2.9% of Indie Asset Partners LLC’s portfolio, making the stock its 3rd largest position.
Indie Asset Partners LLC’s holdings in Microsoft were worth $3,661,000 as of its most recent SEC filing. A number of other hedge funds have also recently bought and sold shares of MSFT. Adamsbrown Wealth Consultants LLC boosted its stake in Microsoft by 2.
2% during the 4th quarter. Adamsbrown Wealth Consultants LLC now owns 5,967 shares of the software giant’s stock valued at $2,515,000 after acquiring an additional 130 shares during the last quarter. Oak Ridge Investments LLC lifted its position in shares of Microsoft by 7.
6% during the third quarter. Oak Ridge Investments LLC now owns 263,534 shares of the software giant’s stock worth $113,399,000 after purchasing an additional 18,544 shares during the last quarter. Mcdaniel Terry & Co.
grew its stake in Microsoft by 6.1% in the fourth quarter. Mcdaniel Terry & Co.
now owns 315,594 shares of the software giant’s stock worth $133,023,000 after purchasing an additional 18,052 shares in the last quarter. Focus Financial Network Inc. raised its stake in Microsoft by 2.
0% during the third quarter. Focus Financial Network Inc. now owns 76,296 shares of the software giant’s stock valued at $32,830,000 after buying an additional 1,489 shares in the last quarter.
Finally, Campbell Wealth Management bought a new position in Microsoft during the 3rd quarter worth approximately $3,314,000. Institutional investors and hedge funds own 71.13% of the company’s stock.
Wall Street Analysts Forecast Growth A number of brokerages have recently weighed in on MSFT. Tigress Financial boosted their price target on Microsoft from $550.00 to $595.
00 and gave the company a “buy” rating in a report on Thursday, March 20th. Royal Bank of Canada reiterated an “outperform” rating and set a $500.00 target price on shares of Microsoft in a research note on Thursday, January 30th.
DA Davidson upgraded shares of Microsoft from a “neutral” rating to a “buy” rating and raised their price target for the stock from $425.00 to $450.00 in a research report on Thursday, March 13th.
Wedbush dropped their price objective on shares of Microsoft from $550.00 to $475.00 and set an “outperform” rating on the stock in a research note on Thursday, April 10th.
Finally, Mizuho decreased their target price on Microsoft from $510.00 to $500.00 and set an “outperform” rating for the company in a research note on Thursday, January 30th.
Five research 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, the company currently has a consensus rating of “Moderate Buy” and an average target price of $493.89.
Microsoft Price Performance Shares of NASDAQ:MSFT opened at $391.85 on Friday. The stock has a market cap of $2.
91 trillion, a price-to-earnings ratio of 31.55, a PEG ratio of 2.21 and a beta of 1.
00. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.
35 and a quick ratio of 1.34. Microsoft Co.
has a 12 month low of $344.79 and a 12 month high of $468.35.
The stock’s 50 day moving average price is $384.93 and its 200 day moving average price is $411.39.
Microsoft ( NASDAQ:MSFT – Get Free Report ) last posted its quarterly earnings data on Wednesday, January 29th. The software giant reported $3.23 EPS 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 in the prior year, the firm posted $2.
93 EPS. Equities research analysts anticipate that Microsoft Co. will post 13.
08 earnings per share for the current fiscal year. Microsoft Announces Dividend The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Thursday, May 15th will be issued a $0.
83 dividend. This represents a $3.32 dividend on an annualized basis and a yield of 0.
85%. The ex-dividend date is Thursday, May 15th. Microsoft’s payout ratio is 26.
73%. Microsoft Profile ( Free Report ) 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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