Microsoft Co. (NASDAQ:MSFT) Shares Sold by North Point Portfolio Managers Corp OH

North Point Portfolio Managers Corp OH trimmed its holdings in Microsoft Co. (NASDAQ:MSFT) by 69.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,229 shares of the software giant’s stock after selling 11,626 shares during the quarter. North Point Portfolio Managers Corp OH’s holdings in Microsoft were worth $2,204,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Net Worth Advisory Group acquired a new position in Microsoft during the third quarter worth about $2,645,000. Oak Ridge Investments LLC lifted its holdings in Microsoft by 7.6% in the 3rd quarter. Oak Ridge Investments LLC now owns 263,534 shares of the software giant’s stock valued at $113,399,000 after acquiring an additional 18,544 shares during the last quarter. Jacobs & Co. CA boosted its position in shares of Microsoft by 0.9% during the 3rd quarter. Jacobs & Co. CA now owns 96,021 shares of the software giant’s stock valued at $41,318,000 after purchasing an additional 880 shares in the last quarter. Focus Financial Network Inc. grew its stake in shares of Microsoft by 2.0% in the 3rd quarter. Focus Financial Network Inc. now owns 76,296 shares of the software giant’s stock worth $32,830,000 after purchasing an additional 1,489 shares during the last quarter. Finally, Campbell Wealth Management acquired a new stake in shares of Microsoft during the 3rd quarter valued at $3,314,000. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

MSFT has been the topic of a number of recent analyst reports. UBS Group cut their target price on Microsoft from $525.00 to $510.00 and set a “buy” rating on the stock in a research report on Thursday, January 30th. DA Davidson upgraded Microsoft from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $425.00 to $450.00 in a report on Thursday, March 13th. Loop Capital lifted their target price on shares of Microsoft from $500.00 to $550.00 and gave the stock a “buy” rating in a research report on Monday, December 23rd. StockNews.com downgraded shares of Microsoft from a “buy” rating to a “hold” rating in a research report on Friday, February 28th. Finally, Guggenheim reiterated a “neutral” rating on shares of Microsoft in a research report on Friday, January 24th. Three equities research analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $510.43.

Microsoft Trading Up 0.0 %

NASDAQ:MSFT opened at $388.70 on Tuesday. The company’s 50 day moving average is $411.64 and its 200-day moving average is $420.49. 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 12 month low of $376.91 and a 12 month high of $468.35. The firm has a market cap of $2.89 trillion, a price-to-earnings ratio of 31.30, a P/E/G 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, 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 last year, the business posted $2.93 earnings per share. Equities analysts anticipate that Microsoft Co. will post 13.08 EPS for the current year.

Microsoft Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Thursday, May 15th will be issued a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date of this dividend is Thursday, May 15th. Microsoft’s dividend payout ratio (DPR) is currently 26.73%.

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.