Microsoft Co. (NASDAQ:MSFT) is Jackson Grant Investment Advisers Inc.’s 7th Largest Position

Jackson Grant Investment Advisers Inc. cut its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 1.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 16,909 shares of the software giant’s stock after selling 304 shares during the quarter. Microsoft comprises approximately 2.7% of Jackson Grant Investment Advisers Inc.’s portfolio, making the stock its 7th biggest position. Jackson Grant Investment Advisers Inc.’s holdings in Microsoft were worth $7,127,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently modified their holdings of the company. Net Worth Advisory Group bought a new stake in shares of Microsoft in the 3rd quarter worth $2,645,000. Adamsbrown Wealth Consultants LLC boosted its position in shares of Microsoft by 2.2% during the fourth quarter. Adamsbrown Wealth Consultants LLC now owns 5,967 shares of the software giant’s stock valued at $2,515,000 after buying an additional 130 shares during the last quarter. Oak Ridge Investments LLC increased its holdings in Microsoft by 7.6% in the 3rd quarter. Oak Ridge Investments LLC now owns 263,534 shares of the software giant’s stock worth $113,399,000 after buying an additional 18,544 shares in the last quarter. Focus Financial Network Inc. raised its position in Microsoft by 2.0% in the 3rd quarter. Focus Financial Network Inc. now owns 76,296 shares of the software giant’s stock worth $32,830,000 after buying an additional 1,489 shares during the last quarter. Finally, Campbell Wealth Management bought a new position in Microsoft during the 3rd quarter valued at about $3,314,000. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Microsoft Trading Down 0.0 %

Microsoft stock opened at $382.14 on Thursday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.34. The firm’s 50 day moving average price is $402.24 and its 200-day moving average price is $418.11. Microsoft Co. has a 1 year low of $367.24 and a 1 year high of $468.35. The stock has a market cap of $2.84 trillion, a P/E ratio of 30.77, a PEG ratio of 2.21 and a beta of 0.92.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings results on Wednesday, January 29th. The software giant reported $3.23 EPS for the quarter, topping the consensus estimate 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 company posted $2.93 EPS. On average, 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 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 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date is Thursday, May 15th. Microsoft’s payout ratio is 26.73%.

Wall Street Analysts Forecast Growth

MSFT has been the subject of several research reports. DA Davidson raised shares of Microsoft from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $425.00 to $450.00 in a report on Thursday, March 13th. Jefferies Financial Group decreased their target price on shares of Microsoft from $550.00 to $500.00 and set a “buy” rating for the company in a research note on Monday. Loop Capital raised their price target on Microsoft from $500.00 to $550.00 and gave the stock a “buy” rating in a research note on Monday, December 23rd. Tigress Financial upped their price objective on Microsoft from $550.00 to $595.00 and gave the company a “buy” rating in a research report on Thursday, March 20th. Finally, UBS Group lowered their target price on Microsoft from $525.00 to $510.00 and set a “buy” rating on the stock in a report on Thursday, January 30th. Four research analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $508.86.

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.