Dynamic Advisor Solutions LLC Trims Stock Position in Microsoft Co. (NASDAQ:MSFT)

Dynamic Advisor Solutions LLC lowered its position in shares of Microsoft Co. (NASDAQ:MSFT) by 5.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 151,959 shares of the software giant’s stock after selling 8,146 shares during the period. Microsoft comprises about 2.8% of Dynamic Advisor Solutions LLC’s holdings, making the stock its 3rd largest holding. Dynamic Advisor Solutions LLC’s holdings in Microsoft were worth $64,051,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Net Worth Advisory Group purchased a new position in shares of Microsoft during the third quarter worth approximately $2,645,000. Oak Ridge Investments LLC grew its holdings 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 last quarter. Jacobs & Co. CA raised its position in Microsoft by 0.9% in the 3rd quarter. Jacobs & Co. CA now owns 96,021 shares of the software giant’s stock worth $41,318,000 after purchasing an additional 880 shares during the period. Focus Financial Network Inc. lifted its stake in 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 last quarter. Finally, Campbell Wealth Management purchased a new stake in Microsoft during the third quarter valued at about $3,314,000. 71.13% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Stifel Nicolaus decreased their price objective on Microsoft from $515.00 to $475.00 and set a “buy” rating on the stock in a report on Friday, March 7th. Piper Sandler reaffirmed an “overweight” rating and issued a $520.00 price target on shares of Microsoft in a research note on Monday, January 27th. UBS Group dropped their price objective on Microsoft from $525.00 to $510.00 and set a “buy” rating for the company in a research note on Thursday, January 30th. DA Davidson raised shares of Microsoft from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $425.00 to $450.00 in a research note on Thursday. Finally, Wedbush reiterated an “outperform” rating and set a $550.00 price target on shares of Microsoft in a report on Tuesday, November 19th. Three research analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $510.43.

Microsoft Stock Up 2.6 %

Shares of Microsoft stock opened at $388.56 on Friday. Microsoft Co. has a 1 year low of $376.91 and a 1 year high of $468.35. The firm has a market cap of $2.89 trillion, a price-to-earnings ratio of 31.29, a PEG ratio of 2.21 and a beta of 0.92. The company has a 50-day moving average of $412.43 and a 200 day moving average of $420.55. 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 earnings per share 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 quarter in the prior year, the business earned $2.93 earnings per share. As a group, sell-side analysts anticipate that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 15th will be paid a $0.83 dividend. The ex-dividend date is Thursday, May 15th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.85%. Microsoft’s dividend payout ratio is currently 26.73%.

About Microsoft

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.