2 weeks Ago By ABMN Staff
Nicholas Hoffman & Company LLC. decreased its holdings in shares of Microsoft Co. ( NASDAQ:MSFT – Free Report ) by 0.
5% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 156,129 shares of the software giant’s stock after selling 818 shares during the period. Microsoft accounts for 2.
6% of Nicholas Hoffman & Company LLC.’s portfolio, making the stock its 9th largest position. Nicholas Hoffman & Company LLC.
’s holdings in Microsoft were worth $65,809,000 at the end of the most recent reporting period. Several other hedge funds and other institutional investors have also recently modified their holdings of MSFT. Fiduciary Advisors Inc.
purchased a new stake in Microsoft in the fourth quarter worth $38,000. IFS Advisors LLC grew its holdings in shares of Microsoft by 53.8% in the fourth 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 stake in Microsoft by 144.4% in the 4th quarter.
Avondale Wealth Management now owns 110 shares of the software giant’s stock worth $46,000 after buying an additional 65 shares during the period. MidAtlantic Capital Management Inc. bought a new stake in Microsoft during the 3rd quarter valued at about $62,000.
Finally, Kieckhefer Group LLC bought a new position in Microsoft in the 4th quarter worth about $141,000. 71.13% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades Several research firms have recently weighed in on MSFT. Piper Sandler reaffirmed an “overweight” rating and set a $520.00 price target on shares of Microsoft in a research note on Monday, January 27th.
Loop Capital lifted their target price on Microsoft from $500.00 to $550.00 and gave the company a “buy” rating in a research report on Monday, December 23rd.
Bank of America decreased their price objective on Microsoft from $510.00 to $480.00 and set a “buy” rating for the company in a report on Tuesday, April 15th.
Morgan Stanley dropped their target price on shares of Microsoft from $530.00 to $472.00 and set an “overweight” rating on the stock in a report on Wednesday.
Finally, Stifel Nicolaus reduced their price target on shares of Microsoft from $515.00 to $475.00 and set a “buy” rating for the company in a report on Friday, March 7th.
Five equities research analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company. According to MarketBeat.com, Microsoft has an average rating of “Moderate Buy” and a consensus price target of $499.
97. Microsoft Price Performance NASDAQ MSFT opened at $367.78 on Friday.
The stock’s fifty day moving average price is $388.25 and its 200 day moving average price is $412.73.
Microsoft Co. has a 1 year low of $344.79 and a 1 year high of $468.
35. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.
35 and a quick ratio of 1.34. The company has a market cap of $2.
73 trillion, a price-to-earnings ratio of 29.61, a PEG ratio of 2.21 and a beta of 1.
00. Microsoft ( NASDAQ:MSFT – Get Free Report ) last announced its quarterly earnings data on Wednesday, January 29th. The software giant reported $3.
23 earnings per share for the quarter, beating 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 last year, the firm earned $2.93 EPS. As a group, equities research analysts forecast that Microsoft Co.
will post 13.08 earnings per share for the current year. Microsoft Announces Dividend The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th.
Shareholders of record on Thursday, May 15th will be paid a dividend of $0.83 per share. This represents a $3.
32 annualized dividend and a yield of 0.90%. 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. See Also Want to see what other hedge funds are holding MSFT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Microsoft Co.
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