Matthew Goff Investment Advisor LLC Decreases Stake in Microsoft Co. (NASDAQ:MSFT)

Matthew Goff Investment Advisor LLC decreased its stake in Microsoft Co. (NASDAQ:MSFT) by 0.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 118,259 shares of the software giant’s stock after selling 190 shares during the period. Microsoft comprises about 9.3% of Matthew Goff Investment Advisor LLC’s holdings, making the stock its largest holding. Matthew Goff Investment Advisor LLC’s holdings in Microsoft were worth $49,846,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Christopher J. Hasenberg Inc increased its position in Microsoft by 35.7% in the 3rd quarter. Christopher J. Hasenberg Inc now owns 95 shares of the software giant’s stock valued at $39,000 after acquiring an additional 25 shares during the period. IFS Advisors LLC raised its position in Microsoft by 53.8% during 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. Quarry LP acquired a new position in Microsoft during the 2nd quarter worth about $45,000. Avondale Wealth Management grew its position in shares of Microsoft by 144.4% in the 4th 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. Finally, MidAtlantic Capital Management Inc. acquired a new stake in shares of Microsoft in the third quarter valued at about $62,000. Institutional investors and hedge funds own 71.13% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Wedbush reissued an “outperform” rating and set a $550.00 target price on shares of Microsoft in a research report on Tuesday, November 19th. StockNews.com cut shares of Microsoft from a “buy” rating to a “hold” rating in a research report on Friday, February 28th. Royal Bank of Canada restated an “outperform” rating and issued a $500.00 target price on shares of Microsoft in a report on Thursday, January 30th. Piper Sandler reiterated an “overweight” rating and set a $520.00 price target on shares of Microsoft in a report on Monday, January 27th. Finally, Mizuho dropped their price objective on Microsoft from $510.00 to $500.00 and set an “outperform” rating on the stock in a research note on Thursday, January 30th. Four equities research analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company. Based on data from MarketBeat.com, Microsoft has an average rating of “Moderate Buy” and an average target price of $509.54.

Microsoft Trading Up 0.7 %

NASDAQ MSFT opened at $383.27 on Thursday. Microsoft Co. has a one year low of $376.91 and a one year high of $468.35. The business’s fifty day moving average is $413.92 and its 200-day moving average is $421.06. 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 stock has a market capitalization of $2.85 trillion, a price-to-earnings ratio of 30.86, a PEG ratio of 2.21 and a beta of 0.92.

Microsoft (NASDAQ:MSFT) last released its earnings results 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 net margin of 35.43% and a return on equity of 33.36%. During the same quarter in the prior year, the company posted $2.93 earnings per share. Equities research analysts predict that Microsoft Co. will post 13.08 EPS for the current year.

Microsoft Announces Dividend

The company also recently declared 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 is Thursday, May 15th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.87%. Microsoft’s dividend payout ratio is presently 26.73%.

Microsoft 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.