Peak Financial Advisors LLC Decreases Holdings in Microsoft Co. (NASDAQ:MSFT)

Peak Financial Advisors LLC reduced its stake in Microsoft Co. (NASDAQ:MSFT) by 90.1% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 768 shares of the software giant’s stock after selling 6,989 shares during the quarter. Peak Financial Advisors LLC’s holdings in Microsoft were worth $324,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in MSFT. International Assets Investment Management LLC increased its position in Microsoft by 48,526.1% in the third quarter. International Assets Investment Management LLC now owns 38,501,645 shares of the software giant’s stock worth $16,567,258,000 after buying an additional 38,422,466 shares during the last quarter. Wulff Hansen & CO. increased its holdings in Microsoft by 47,196.6% in the 2nd quarter. Wulff Hansen & CO. now owns 4,834,658 shares of the software giant’s stock worth $2,160,850,000 after acquiring an additional 4,824,436 shares during the last quarter. Assenagon Asset Management S.A. raised its stake in Microsoft by 76.6% in the 4th quarter. Assenagon Asset Management S.A. now owns 10,532,402 shares of the software giant’s stock valued at $4,439,407,000 after acquiring an additional 4,568,539 shares during the period. Geode Capital Management LLC boosted its position in Microsoft by 2.0% during the third quarter. Geode Capital Management LLC now owns 165,024,812 shares of the software giant’s stock worth $70,790,682,000 after purchasing an additional 3,264,648 shares during the period. Finally, Baillie Gifford & Co. increased its stake in shares of Microsoft by 46.1% in the third quarter. Baillie Gifford & Co. now owns 7,048,244 shares of the software giant’s stock worth $3,032,859,000 after purchasing an additional 2,222,483 shares in the last quarter. Institutional investors own 71.13% of the company’s stock.

Microsoft Trading Down 1.0 %

Shares of MSFT opened at $404.00 on Tuesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.34 and a current ratio of 1.35. Microsoft Co. has a fifty-two week low of $385.58 and a fifty-two week high of $468.35. The firm has a 50 day moving average price of $424.25 and a 200-day moving average price of $423.08. The firm has a market cap of $3.00 trillion, a price-to-earnings ratio of 32.53, a PEG ratio of 2.21 and a beta of 0.90.

Microsoft (NASDAQ:MSFT) 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 net margin of 35.43% and a return on equity of 33.36%. During the same period in the prior year, the firm earned $2.93 earnings per share. As a group, equities research analysts forecast that Microsoft Co. will post 13.08 earnings per share for the current year.

Microsoft Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 20th will be given a dividend of $0.83 per share. The ex-dividend date of this dividend is Thursday, February 20th. This represents a $3.32 annualized dividend and a yield of 0.82%. Microsoft’s payout ratio is 26.73%.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Piper Sandler reaffirmed an “overweight” rating and issued a $520.00 price objective on shares of Microsoft in a report on Monday, January 27th. Wedbush reaffirmed an “outperform” rating and issued a $550.00 price target on shares of Microsoft in a report on Tuesday, November 19th. UBS Group dropped their price objective on Microsoft from $525.00 to $510.00 and set a “buy” rating on the stock in a report on Thursday, January 30th. BMO Capital Markets reduced their target price on Microsoft from $500.00 to $495.00 and set an “outperform” rating for the company in a report on Thursday, October 31st. Finally, DA Davidson reissued a “neutral” rating and issued a $425.00 price target on shares of Microsoft in a report on Thursday, January 30th. Three analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $510.96.

Insiders Place Their Bets

In other Microsoft news, CMO Takeshi Numoto sold 1,000 shares of the firm’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $423.48, for a total value of $423,480.00. Following the sale, the chief marketing officer now owns 56,511 shares of the company’s stock, valued at $23,931,278.28. This trade represents a 1.74 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold 8,000 shares of company stock valued at $3,493,820 in the last ninety days. Company insiders own 0.03% of the company’s stock.

About Microsoft

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.