Great Point Wealth Advisors LLC Sells 160 Shares of Microsoft Co. (NASDAQ:MSFT)

Great Point Wealth Advisors LLC reduced its position in shares of Microsoft Co. (NASDAQ:MSFT) by 1.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 12,456 shares of the software giant’s stock after selling 160 shares during the quarter. Microsoft accounts for approximately 1.1% of Great Point Wealth Advisors LLC’s holdings, making the stock its 19th biggest position. Great Point Wealth Advisors LLC’s holdings in Microsoft were worth $5,250,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in MSFT. Fiduciary Advisors Inc. purchased a new position in Microsoft during the fourth quarter valued at $38,000. IFS Advisors LLC raised its stake 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 buying an additional 35 shares during the period. Avondale Wealth Management lifted its position in shares of Microsoft by 144.4% during 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 in the last quarter. MidAtlantic Capital Management Inc. bought a new position in shares of Microsoft during the 3rd quarter valued at approximately $62,000. Finally, Kieckhefer Group LLC purchased a new stake in Microsoft in the 4th quarter worth approximately $141,000. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Microsoft Trading Up 0.2 %

Shares of MSFT opened at $390.58 on Friday. The company’s fifty day simple moving average is $406.52 and its 200-day simple moving average is $419.25. The company has a market cap of $2.90 trillion, a P/E ratio of 31.45, a P/E/G ratio of 2.21 and a beta of 0.92. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.13. Microsoft Co. has a twelve month low of $376.91 and a twelve month high of $468.35.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Wednesday, January 29th. The software giant reported $3.23 earnings per share (EPS) 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 company earned $2.93 earnings per share. As a group, analysts expect that Microsoft Co. will post 13.08 EPS for the current year.

Microsoft Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Thursday, May 15th will be issued a dividend of $0.83 per share. 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 payout ratio is currently 26.73%.

Analyst Ratings Changes

Several brokerages have weighed in on MSFT. Morgan Stanley lowered their price target on shares of Microsoft from $540.00 to $530.00 and set an “overweight” rating on the stock in a report on Thursday, January 30th. Scotiabank initiated coverage on shares of Microsoft in a report on Thursday, March 20th. They issued a “sector outperform” rating and a $470.00 target price for the company. Mizuho cut their price target on Microsoft from $510.00 to $500.00 and set an “outperform” rating for the company in a research note on Thursday, January 30th. Tigress Financial boosted their price objective on Microsoft from $550.00 to $595.00 and gave the company a “buy” rating in a research report on Thursday, March 20th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $509.00 target price on shares of Microsoft in a research report on Wednesday, January 29th. Three analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $510.59.

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.