IVC Wealth Advisors LLC Decreases Holdings in Microsoft Co. (NASDAQ:MSFT)

IVC Wealth Advisors LLC decreased its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 15.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,734 shares of the software giant’s stock after selling 503 shares during the quarter. IVC Wealth Advisors LLC’s holdings in Microsoft were worth $1,152,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Net Worth Advisory Group purchased a new position in Microsoft during the third quarter valued at $2,645,000. Oak Ridge Investments LLC lifted its holdings in Microsoft by 7.6% during the third quarter. Oak Ridge Investments LLC now owns 263,534 shares of the software giant’s stock valued at $113,399,000 after purchasing an additional 18,544 shares in the last quarter. Jacobs & Co. CA lifted its holdings in Microsoft by 0.9% during the third 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. lifted its holdings in Microsoft by 2.0% during the third quarter. Focus Financial Network Inc. now owns 76,296 shares of the software giant’s stock valued at $32,830,000 after purchasing an additional 1,489 shares in the last quarter. Finally, Campbell Wealth Management purchased a new position in Microsoft during the third quarter valued at $3,314,000. Institutional investors and hedge funds own 71.13% of the company’s stock.

Microsoft Stock Performance

Shares of Microsoft stock opened at $380.45 on Wednesday. The firm’s fifty day simple moving average is $414.68 and its 200-day simple moving average is $421.30. The stock has a market capitalization of $2.83 trillion, a price-to-earnings ratio of 30.63, a PEG ratio of 2.21 and a beta of 0.92. Microsoft Co. has a 12 month low of $376.91 and a 12 month high of $468.35. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.34.

Microsoft (NASDAQ:MSFT) last announced its earnings results on Wednesday, January 29th. The software giant reported $3.23 EPS 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 period in the previous year, the business posted $2.93 EPS. As a group, equities analysts forecast that Microsoft Co. will post 13.08 earnings per share for the current year.

Microsoft Dividend Announcement

The company 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 $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 0.87%. Microsoft’s dividend payout ratio is currently 26.73%.

Analysts Set New Price Targets

Several equities analysts have issued reports on MSFT shares. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $509.00 price objective on shares of Microsoft in a report on Wednesday, January 29th. Stifel Nicolaus decreased their price objective 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. Wedbush reissued an “outperform” rating and issued a $550.00 price target on shares of Microsoft in a research note on Tuesday, November 19th. StockNews.com downgraded shares of Microsoft from a “buy” rating to a “hold” rating in a research note on Friday, February 28th. Finally, Loop Capital raised their price target on shares of Microsoft from $500.00 to $550.00 and gave the stock a “buy” rating in a research note on Monday, December 23rd. Four analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the stock. According to data from MarketBeat, Microsoft currently has an average rating of “Moderate Buy” and an average price target of $509.54.

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.