Microsoft Co. (NASDAQ:MSFT) Stock Position Reduced by Tandem Capital Management Corp ADV

Tandem Capital Management Corp ADV decreased its stake in Microsoft Co. (NASDAQ:MSFT) by 3.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 24,261 shares of the software giant’s stock after selling 813 shares during the quarter. Microsoft makes up about 5.5% of Tandem Capital Management Corp ADV’s holdings, making the stock its biggest position. Tandem Capital Management Corp ADV’s holdings in Microsoft were worth $10,226,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of MSFT. WFA Asset Management Corp increased its holdings in Microsoft by 27.0% in the first quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant’s stock worth $427,000 after buying an additional 216 shares during the last quarter. Ironwood Wealth Management LLC. grew its position in Microsoft by 0.3% in the second quarter. Ironwood Wealth Management LLC. now owns 12,658 shares of the software giant’s stock worth $5,658,000 after acquiring an additional 38 shares in the last quarter. AMF Tjanstepension AB increased its stake in shares of Microsoft by 1.8% during the 3rd quarter. AMF Tjanstepension AB now owns 2,799,261 shares of the software giant’s stock worth $1,204,664,000 after purchasing an additional 49,735 shares during the last quarter. Exchange Traded Concepts LLC raised its holdings in shares of Microsoft by 41.3% during the 3rd quarter. Exchange Traded Concepts LLC now owns 173,303 shares of the software giant’s stock valued at $74,572,000 after purchasing an additional 50,630 shares in the last quarter. Finally, MorganRosel Wealth Management LLC lifted its stake in shares of Microsoft by 3.2% in the 3rd quarter. MorganRosel Wealth Management LLC now owns 5,631 shares of the software giant’s stock valued at $2,423,000 after purchasing an additional 175 shares during the last quarter. Institutional investors and hedge funds own 71.13% of the company’s stock.

Microsoft Price Performance

NASDAQ:MSFT opened at $378.80 on Monday. The company has a market capitalization of $2.82 trillion, a price-to-earnings ratio of 30.50, a PEG ratio of 2.21 and a beta of 0.92. The company has a 50-day moving average of $405.52 and a 200-day moving average of $419.10. Microsoft Co. has a 52 week low of $376.91 and a 52 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 released its quarterly earnings data 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 return on equity of 33.36% and a net margin of 35.43%. During the same quarter in the prior year, the business earned $2.93 EPS. As a group, equities research analysts anticipate that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research firms have commented on MSFT. Cantor Fitzgerald reissued an “overweight” rating and set a $509.00 target price on shares of Microsoft in a research report on Wednesday, January 29th. StockNews.com downgraded Microsoft from a “buy” rating to a “hold” rating in a research note on Friday, February 28th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $500.00 target price on shares of Microsoft in a research report on Thursday, January 30th. Stifel Nicolaus reduced their price objective on shares of Microsoft from $515.00 to $475.00 and set a “buy” rating for the company in a research note on Friday, March 7th. Finally, Morgan Stanley lowered their target price on shares of Microsoft from $540.00 to $530.00 and set an “overweight” rating on the stock in a research note on Thursday, January 30th. Three investment analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $510.59.

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.