1 week Ago By Defense World Staff
Red Wave Investments LLC cut its position in shares of Microsoft Co. (NASDAQ:MSFT – Free Report) by 10.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC.
The fund owned 8,278 shares of the software giant’s stock after selling 943 shares during the quarter. Microsoft accounts for 1.2% of Red Wave Investments LLC’s investment portfolio, making the stock its 21st biggest holding.
Red Wave Investments LLC’s holdings in Microsoft were worth $3,489,000 at the end of the most recent quarter. Several other institutional investors and hedge funds also recently modified their holdings of the business. Fiduciary Advisors Inc.
acquired a new stake in shares of Microsoft in the fourth quarter worth $38,000. IFS Advisors LLC increased its position in shares of Microsoft by 53.8% in the 4th quarter.
IFS Advisors LLC now owns 100 shares of the software giant’s stock worth $42,000 after purchasing an additional 35 shares during the last quarter. Avondale Wealth Management increased 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 last quarter. MidAtlantic Capital Management Inc. bought a new stake in Microsoft during the third quarter valued at $62,000.
Finally, Kieckhefer Group LLC bought a new stake in shares of Microsoft during the 4th quarter valued at about $141,000. Hedge funds and other institutional investors own 71.13% of the company’s stock.
Microsoft Trading Up 1.2 %NASDAQ:MSFT opened at $391.85 on Friday.
The company has a market cap of $2.91 trillion, a P/E ratio of 31.55, a price-to-earnings-growth ratio of 2.
21 and a beta of 1.00. The business has a 50 day moving average price of $384.
93 and a two-hundred day moving average price of $411.39. The company has a quick ratio of 1.
34, a current ratio of 1.35 and a debt-to-equity ratio of 0.13.
Microsoft Co. has a twelve month low of $344.79 and a twelve month high of $468.
35. Microsoft (NASDAQ:MSFT – Get Free Report) last posted its earnings results on Wednesday, January 29th. The software giant reported $3.
23 earnings per share (EPS) 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 in the previous year, the firm posted $2.93 earnings per share. As a group, analysts expect that Microsoft Co.
will post 13.08 EPS for the current fiscal year. Microsoft Announces DividendThe business also recently announced a quarterly dividend, which will be paid on Thursday, June 12th.
Stockholders of record on Thursday, May 15th will be given a dividend of $0.83 per share. The ex-dividend date of this dividend is Thursday, May 15th.
This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.85%.
Microsoft’s payout ratio is 26.73%. Analyst Upgrades and DowngradesSeveral equities research analysts have weighed in on the company.
The Goldman Sachs Group dropped their target price on Microsoft from $500.00 to $450.00 and set a “buy” rating on the stock in a research report on Thursday.
Stifel Nicolaus cut their target price on shares of Microsoft from $515.00 to $475.00 and set a “buy” rating on the stock in a research note on Friday, March 7th.
Piper Sandler cut their price objective on Microsoft from $520.00 to $435.00 and set an “overweight” rating for the company in a report on Wednesday.
Wedbush decreased their target price on shares of Microsoft from $550.00 to $475.00 and set an “outperform” rating for the company in a research report on Thursday, April 10th.
Finally, KeyCorp reaffirmed a “sector weight” rating on shares of Microsoft in a report on Thursday, April 17th. 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 an average rating of “Moderate Buy” and a consensus price target of $493.89.View Our Latest Stock Report on MicrosoftMicrosoft 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.Featured StoriesFive stocks we like better than Microsoft3 Natural Gas Stocks That Offer Great Dividend YieldsMarkets Think Robinhood Earnings Could Send the Stock UpWhat is the Shanghai Stock Exchange Composite Index?Churchill Downs Stock: Could Tariff Fears Dampen Derby Gains?There Are Different Types of Stock To Invest InAT&T: Subscriber Growth & Buybacks Signal Bullish TurnaroundWant to see what other hedge funds are holding MSFT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Microsoft Co.
(NASDAQ:MSFT – Free Report)..
