Veracity Capital LLC Has $5.77 Million Holdings in Microsoft Co. (NASDAQ:MSFT)

Veracity Capital LLC lowered its position in Microsoft Co. (NASDAQ:MSFT) by 4.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,689 shares of the software giant’s stock after selling 607 shares during the period. Microsoft makes up approximately 2.1% of Veracity Capital LLC’s investment portfolio, making the stock its 6th biggest holding. Veracity Capital LLC’s holdings in Microsoft were worth $5,770,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. WFA Asset Management Corp increased its holdings in Microsoft by 27.0% during the first quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant’s stock valued at $427,000 after buying an additional 216 shares during the period. Ironwood Wealth Management LLC. increased its holdings in Microsoft by 0.3% during the second quarter. Ironwood Wealth Management LLC. now owns 12,658 shares of the software giant’s stock valued at $5,658,000 after buying an additional 38 shares during the period. Beck Bode LLC increased its holdings in Microsoft by 37.3% during the second quarter. Beck Bode LLC now owns 39,951 shares of the software giant’s stock valued at $17,856,000 after buying an additional 10,847 shares during the period. Caxton Associates LP increased its holdings in Microsoft by 80.8% during the second quarter. Caxton Associates LP now owns 341,905 shares of the software giant’s stock valued at $152,814,000 after buying an additional 152,761 shares during the period. Finally, Wick Capital Partners LLC purchased a new position in Microsoft during the second quarter valued at approximately $1,360,000. Institutional investors own 71.13% of the company’s stock.

Microsoft Trading Up 0.1 %

Shares of Microsoft stock opened at $380.45 on Wednesday. The firm has a 50-day simple moving average of $414.68 and a two-hundred day simple moving average of $421.30. The company has a market cap of $2.83 trillion, a P/E ratio of 30.63, a price-to-earnings-growth ratio of 2.21 and a beta of 0.92. Microsoft Co. has a fifty-two week low of $376.91 and a fifty-two week high of $468.35. 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 (NASDAQ:MSFT) last issued its quarterly earnings data on Wednesday, January 29th. The software giant reported $3.23 earnings per share 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 period in the prior year, the company earned $2.93 earnings per share. As a group, equities analysts predict that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Thursday, May 15th will be given a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a dividend yield of 0.87%. Microsoft’s dividend payout ratio (DPR) is presently 26.73%.

Wall Street Analysts Forecast Growth

MSFT has been the topic of several research reports. Guggenheim reissued a “neutral” rating on shares of Microsoft in a report on Friday, January 24th. UBS Group cut their price target on shares of Microsoft from $525.00 to $510.00 and set a “buy” rating on the stock in a report on Thursday, January 30th. Loop Capital lifted their price target on shares of Microsoft from $500.00 to $550.00 and gave the stock a “buy” rating in a report on Monday, December 23rd. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $509.00 price target on shares of Microsoft in a report on Wednesday, January 29th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $500.00 price objective on shares of Microsoft in a report on Thursday, January 30th. Four research analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Microsoft presently has a consensus rating of “Moderate Buy” and an average price target of $509.54.

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.