Microsoft Co. (NASDAQ:MSFT) Holdings Trimmed by Genesee Capital Advisors LLC

Genesee Capital Advisors LLC decreased its position in Microsoft Co. (NASDAQ:MSFT) by 1.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 7,354 shares of the software giant’s stock after selling 103 shares during the period. Microsoft comprises about 1.4% of Genesee Capital Advisors LLC’s investment portfolio, making the stock its 13th biggest holding. Genesee Capital Advisors LLC’s holdings in Microsoft were worth $3,100,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Net Worth Advisory Group bought a new stake in Microsoft during the third quarter worth approximately $2,645,000. Oak Ridge Investments LLC lifted its position 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 worth $113,399,000 after buying an additional 18,544 shares during the period. Focus Financial Network Inc. grew its stake in Microsoft by 2.0% during the third 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. Campbell Wealth Management bought a new stake in shares of Microsoft during the third quarter worth $3,314,000. Finally, Evernest Financial Advisors LLC raised its position in Microsoft by 389.2% in the 3rd quarter. Evernest Financial Advisors LLC now owns 53,770 shares of the software giant’s stock worth $23,137,000 after purchasing an additional 42,778 shares during the last quarter. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on MSFT. Wedbush reissued an “outperform” rating and set a $550.00 price objective on shares of Microsoft in a research note on Thursday. Stifel Nicolaus dropped their target price on shares of Microsoft from $515.00 to $475.00 and set a “buy” rating on the stock in a report on Friday, March 7th. Royal Bank of Canada restated an “outperform” rating and set a $500.00 price objective on shares of Microsoft in a report on Thursday, January 30th. Morgan Stanley reduced their price target on Microsoft from $540.00 to $530.00 and set an “overweight” rating on the stock in a research report on Thursday, January 30th. Finally, UBS Group decreased their price target on Microsoft from $525.00 to $510.00 and set a “buy” rating on the stock in a research note on Thursday, January 30th. Three investment analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $510.59.

Microsoft Trading Down 0.3 %

Shares of MSFT stock opened at $386.84 on Friday. 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 Co. has a 1-year low of $376.91 and a 1-year high of $468.35. The firm has a market cap of $2.88 trillion, a P/E ratio of 31.15, a PEG ratio of 2.21 and a beta of 0.92. The firm’s 50-day simple moving average is $409.38 and its 200-day simple moving average is $419.85.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data 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 in the previous year, the company earned $2.93 EPS. As a group, equities analysts forecast that Microsoft Co. will post 13.08 EPS for the current year.

Microsoft Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 15th will be given a dividend of $0.83 per share. The ex-dividend date is Thursday, May 15th. This represents a $3.32 annualized dividend and a dividend yield of 0.86%. Microsoft’s dividend payout ratio (DPR) is 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.