Patriot Investment Management Group Inc. Has $3.84 Million Holdings in Microsoft Co. (NASDAQ:MSFT)

Patriot Investment Management Group Inc. trimmed its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 4.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 9,101 shares of the software giant’s stock after selling 399 shares during the period. Patriot Investment Management Group Inc.’s holdings in Microsoft were worth $3,836,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently made changes to their positions in the stock. Net Worth Advisory Group purchased a new stake in shares of Microsoft during the third quarter valued at approximately $2,645,000. Oak Ridge Investments LLC raised its stake in shares of Microsoft by 7.6% during the 3rd 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 during the period. Jacobs & Co. CA grew its stake 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 acquiring an additional 880 shares in the last quarter. Focus Financial Network Inc. increased its holdings in shares of Microsoft by 2.0% in the third 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 period. Finally, Campbell Wealth Management bought a new stake in shares of Microsoft during the 3rd quarter valued at about $3,314,000. Institutional investors and hedge funds own 71.13% of the company’s stock.

Microsoft Price Performance

Shares of MSFT opened at $378.77 on Friday. The stock has a market capitalization of $2.82 trillion, a PE ratio of 30.50, a PEG ratio of 2.21 and a beta of 0.92. Microsoft Co. has a fifty-two week low of $376.91 and a fifty-two 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. The company has a 50 day moving average price of $413.12 and a 200-day moving average price of $420.77.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share (EPS) 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 period in the prior year, the firm posted $2.93 EPS. Equities analysts predict that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders 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 dividend yield of 0.88%. The ex-dividend date is Thursday, May 15th. Microsoft’s dividend payout ratio is currently 26.73%.

Wall Street Analyst Weigh In

MSFT has been the topic of several recent research reports. DA Davidson upgraded Microsoft from a “neutral” rating to a “buy” rating and increased their price objective for the company from $425.00 to $450.00 in a research report on Thursday. Piper Sandler restated an “overweight” rating and issued a $520.00 target price on shares of Microsoft in a research note on Monday, January 27th. Guggenheim restated a “neutral” rating on shares of Microsoft in a research note on Friday, January 24th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $500.00 price objective on shares of Microsoft in a research report on Thursday, January 30th. Finally, StockNews.com downgraded shares of Microsoft from a “buy” rating to a “hold” rating in a research report on Friday, February 28th. 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. According to MarketBeat, Microsoft presently has a consensus rating of “Moderate Buy” and a consensus target price of $510.43.

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.