Microsoft Co. (NASDAQ:MSFT) Position Decreased by Tyche Wealth Partners LLC

Tyche Wealth Partners LLC trimmed its stake in Microsoft Co. (NASDAQ:MSFT) by 3.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,374 shares of the software giant’s stock after selling 1,301 shares during the period. Microsoft accounts for approximately 2.9% of Tyche Wealth Partners LLC’s holdings, making the stock its 5th largest position. Tyche Wealth Partners LLC’s holdings in Microsoft were worth $13,646,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of MSFT. Summit Wealth Partners LLC increased its holdings in Microsoft by 13.5% in the 4th quarter. Summit Wealth Partners LLC now owns 6,774 shares of the software giant’s stock worth $2,855,000 after acquiring an additional 804 shares in the last quarter. Absher Wealth Management LLC boosted its position in shares of Microsoft by 1.5% in the fourth quarter. Absher Wealth Management LLC now owns 88,813 shares of the software giant’s stock worth $37,435,000 after purchasing an additional 1,275 shares during the period. LCM Capital Management Inc increased its stake in shares of Microsoft by 1.0% in the fourth quarter. LCM Capital Management Inc now owns 20,725 shares of the software giant’s stock worth $8,736,000 after purchasing an additional 197 shares in the last quarter. Syntegra Private Wealth Group LLC increased its stake in shares of Microsoft by 1.9% in the fourth quarter. Syntegra Private Wealth Group LLC now owns 12,976 shares of the software giant’s stock worth $5,469,000 after purchasing an additional 247 shares in the last quarter. Finally, Private Management Group Inc. raised its position in shares of Microsoft by 1.8% during the 4th quarter. Private Management Group Inc. now owns 6,867 shares of the software giant’s stock valued at $2,895,000 after purchasing an additional 121 shares during the period. 71.13% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $500.00 target price on shares of Microsoft in a report on Thursday, January 30th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $509.00 price objective on shares of Microsoft in a research note on Wednesday, January 29th. Wedbush reissued an “outperform” rating and set a $550.00 target price on shares of Microsoft in a research note on Thursday, March 20th. UBS Group dropped their price target on Microsoft from $525.00 to $510.00 and set a “buy” rating for the company in a research note on Thursday, January 30th. Finally, StockNews.com downgraded shares of Microsoft from a “buy” rating to a “hold” rating in a report on Friday, February 28th. Four research 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 target price of $508.86.

Microsoft Stock Down 0.0 %

Shares of MSFT stock opened at $382.14 on Thursday. Microsoft Co. has a fifty-two week low of $367.24 and a fifty-two week high of $468.35. The firm has a market capitalization of $2.84 trillion, a PE ratio of 30.77, a P/E/G ratio of 2.21 and a beta of 0.92. 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 stock’s 50-day simple moving average is $402.24 and its 200-day simple moving average is $418.11.

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

Microsoft Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Thursday, May 15th will be given a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a yield of 0.87%. The ex-dividend date of this dividend is Thursday, May 15th. Microsoft’s dividend payout ratio is currently 26.73%.

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.