MBE Wealth Management LLC Sells 357 Shares of Microsoft Co. (NASDAQ:MSFT)

MBE Wealth Management LLC cut its position in shares of Microsoft Co. (NASDAQ:MSFT) by 13.7% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 2,255 shares of the software giant’s stock after selling 357 shares during the quarter. Microsoft makes up about 0.5% of MBE Wealth Management LLC’s portfolio, making the stock its 28th largest holding. MBE Wealth Management LLC’s holdings in Microsoft were worth $950,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of MSFT. WFA Asset Management Corp boosted its holdings in shares of Microsoft by 27.0% during the 1st quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant’s stock worth $427,000 after buying an additional 216 shares in the last quarter. Ironwood Wealth Management LLC. lifted its position in shares of Microsoft by 0.3% during the 2nd quarter. Ironwood Wealth Management LLC. now owns 12,658 shares of the software giant’s stock valued at $5,658,000 after acquiring an additional 38 shares during the period. AMF Tjanstepension AB boosted its stake in Microsoft by 1.8% during the third quarter. AMF Tjanstepension AB now owns 2,799,261 shares of the software giant’s stock worth $1,204,664,000 after acquiring an additional 49,735 shares in the last quarter. Czech National Bank grew its holdings in Microsoft by 6.9% in the third quarter. Czech National Bank now owns 1,514,189 shares of the software giant’s stock worth $651,556,000 after purchasing an additional 97,893 shares during the period. Finally, HBW Advisory Services LLC raised its holdings in shares of Microsoft by 2.7% during the third quarter. HBW Advisory Services LLC now owns 21,894 shares of the software giant’s stock valued at $9,421,000 after purchasing an additional 581 shares during the period. Institutional investors and hedge funds own 71.13% of the company’s stock.

Microsoft Trading Up 1.1 %

MSFT stock opened at $387.82 on Thursday. Microsoft Co. has a 12 month low of $376.91 and a 12 month high of $468.35. The firm’s 50-day moving average is $410.13 and its 200 day moving average is $420.08. The company has a market capitalization of $2.88 trillion, a PE ratio of 31.23, 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 current ratio of 1.35 and a quick ratio of 1.34.

Microsoft (NASDAQ:MSFT) last issued its earnings results on Wednesday, January 29th. The software giant reported $3.23 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 earned $2.93 EPS. On average, research analysts anticipate that Microsoft Co. will post 13.08 EPS for the current year.

Microsoft Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Thursday, May 15th will be given a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a yield of 0.86%. The ex-dividend date of this dividend is Thursday, May 15th. Microsoft’s payout ratio is currently 26.73%.

Analysts Set New Price Targets

Several brokerages have issued reports on MSFT. Cantor Fitzgerald reiterated an “overweight” rating and issued a $509.00 price target on shares of Microsoft in a report on Wednesday, January 29th. Mizuho cut their target price on Microsoft from $510.00 to $500.00 and set an “outperform” rating on the stock in a report on Thursday, January 30th. Guggenheim restated a “neutral” rating on shares of Microsoft in a research note on Friday, January 24th. StockNews.com lowered shares of Microsoft from a “buy” rating to a “hold” rating in a research note on Friday, February 28th. Finally, Stifel Nicolaus decreased their target price on shares of Microsoft from $515.00 to $475.00 and set a “buy” rating for the company in a research report on Friday, March 7th. Three equities research analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $510.43.

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.