Microsoft Co. (NASDAQ:MSFT) is Abner Herrman & Brock LLC’s 3rd Largest Position

Abner Herrman & Brock LLC raised its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 0.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 77,174 shares of the software giant’s stock after purchasing an additional 707 shares during the quarter. Microsoft makes up about 4.0% of Abner Herrman & Brock LLC’s holdings, making the stock its 3rd biggest holding. Abner Herrman & Brock LLC’s holdings in Microsoft were worth $32,529,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the stock. Fiduciary Advisors Inc. purchased a new stake in Microsoft in the fourth quarter worth about $38,000. IFS Advisors LLC raised its position in shares of Microsoft by 53.8% in the 4th quarter. IFS Advisors LLC now owns 100 shares of the software giant’s stock worth $42,000 after acquiring an additional 35 shares in the last quarter. Avondale Wealth Management lifted its stake 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 purchasing an additional 65 shares during the period. MidAtlantic Capital Management Inc. bought a new stake in shares of Microsoft during the third quarter valued at approximately $62,000. Finally, Kieckhefer Group LLC purchased a new stake in Microsoft in the fourth quarter worth $141,000. 71.13% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on MSFT. DA Davidson upgraded shares of Microsoft from a “neutral” rating to a “buy” rating and boosted their target price for the company from $425.00 to $450.00 in a report on Thursday, March 13th. Stifel Nicolaus cut their price target on shares of Microsoft from $515.00 to $475.00 and set a “buy” rating on the stock in a report on Friday, March 7th. Cantor Fitzgerald reissued an “overweight” rating and set a $509.00 price target on shares of Microsoft in a research report on Wednesday, January 29th. UBS Group reduced their target price on Microsoft from $525.00 to $510.00 and set a “buy” rating for the company in a report on Thursday, January 30th. Finally, Loop Capital upped their price target on Microsoft from $500.00 to $550.00 and gave the company a “buy” rating in a report on Monday, December 23rd. Three investment analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $510.59.

Microsoft Stock Down 3.0 %

NASDAQ MSFT opened at $378.80 on Friday. The stock has a 50 day moving average price of $405.52 and a 200-day moving average price of $418.97. Microsoft Co. has a one year low of $376.91 and a one year high of $468.35. The company has a market capitalization of $2.82 trillion, a P/E ratio of 30.50, a P/E/G ratio of 2.21 and a beta of 0.92. 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 posted 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 last year, the company posted $2.93 EPS. As a group, equities analysts predict that Microsoft Co. will post 13.08 EPS for the current fiscal year.

Microsoft Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Thursday, May 15th will be paid a $0.83 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.32 dividend on an annualized basis and a yield of 0.88%. Microsoft’s dividend payout ratio is currently 26.73%.

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.