Accel Wealth Management Sells 77 Shares of Microsoft Co. (NASDAQ:MSFT)

Accel Wealth Management reduced its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 0.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,594 shares of the software giant’s stock after selling 77 shares during the quarter. Microsoft comprises about 1.5% of Accel Wealth Management’s investment portfolio, making the stock its 13th biggest position. Accel Wealth Management’s holdings in Microsoft were worth $4,044,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Christopher J. Hasenberg Inc grew its holdings in Microsoft by 35.7% during the 3rd quarter. Christopher J. Hasenberg Inc now owns 95 shares of the software giant’s stock valued at $39,000 after purchasing an additional 25 shares during the last quarter. IFS Advisors LLC boosted its position in shares of Microsoft by 53.8% during the fourth quarter. IFS Advisors LLC now owns 100 shares of the software giant’s stock valued at $42,000 after buying an additional 35 shares during the period. Quarry LP bought a new position in shares of Microsoft during the second quarter valued at approximately $45,000. Avondale Wealth Management raised its holdings in shares of Microsoft by 144.4% in the fourth quarter. Avondale Wealth Management now owns 110 shares of the software giant’s stock worth $46,000 after buying an additional 65 shares during the period. Finally, MidAtlantic Capital Management Inc. bought a new stake in shares of Microsoft during the 3rd quarter worth approximately $62,000. 71.13% of the stock is currently owned by hedge funds and other institutional investors.

Microsoft Trading Up 2.6 %

NASDAQ:MSFT opened at $388.56 on Friday. The stock has a market capitalization of $2.89 trillion, a price-to-earnings ratio of 31.29, a PEG ratio of 2.21 and a beta of 0.92. Microsoft Co. has a 52 week low of $376.91 and a 52 week high of $468.35. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. The firm has a 50 day moving average of $412.43 and a 200 day moving average of $420.55.

Microsoft (NASDAQ:MSFT) last announced its earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share (EPS) for the quarter, beating the consensus estimate 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 quarter last year, the company posted $2.93 EPS. As a group, sell-side analysts anticipate that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The business also recently announced 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 0.85%. The ex-dividend date of this dividend is Thursday, May 15th. Microsoft’s dividend payout ratio is presently 26.73%.

Wall Street Analyst Weigh In

Several brokerages have commented on MSFT. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $509.00 price objective on shares of Microsoft in a research report on Wednesday, January 29th. Morgan Stanley cut their price target on shares of Microsoft from $540.00 to $530.00 and set an “overweight” rating on the stock in a report on Thursday, January 30th. Wedbush reiterated an “outperform” rating and set a $550.00 price objective on shares of Microsoft in a report on Tuesday, November 19th. DA Davidson upgraded shares of Microsoft from a “neutral” rating to a “buy” rating and upped their target price for the stock from $425.00 to $450.00 in a research note on Thursday. Finally, Guggenheim reaffirmed a “neutral” rating on shares of Microsoft in a research note on Friday, January 24th. Three investment analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $510.43.

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.