Twelve Points Wealth Management LLC Reduces Stock Position in Microsoft Co. (NASDAQ:MSFT)

Twelve Points Wealth Management LLC decreased its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 9.0% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 4,962 shares of the software giant’s stock after selling 488 shares during the period. Twelve Points Wealth Management LLC’s holdings in Microsoft were worth $2,091,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of MSFT. Christopher J. Hasenberg Inc boosted its position in Microsoft by 35.7% during the third quarter. Christopher J. Hasenberg Inc now owns 95 shares of the software giant’s stock valued at $39,000 after buying an additional 25 shares during the period. 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 purchasing an additional 35 shares in the last quarter. Avondale Wealth Management increased its stake in shares of Microsoft by 144.4% in the 4th quarter. Avondale Wealth Management now owns 110 shares of the software giant’s stock worth $46,000 after acquiring an additional 65 shares in the last quarter. MidAtlantic Capital Management Inc. purchased a new stake in shares of Microsoft in the 3rd quarter worth approximately $62,000. Finally, Kieckhefer Group LLC bought a new position in Microsoft in the 4th quarter worth about $141,000. 71.13% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on MSFT. StockNews.com downgraded Microsoft from a “buy” rating to a “hold” rating in a report on Friday, February 28th. Tigress Financial lifted their price target on shares of Microsoft from $550.00 to $595.00 and gave the company a “buy” rating in a report on Thursday. DA Davidson raised shares of Microsoft from a “neutral” rating to a “buy” rating and increased their price objective for the company from $425.00 to $450.00 in a report on Thursday, March 13th. Piper Sandler reaffirmed an “overweight” rating and issued a $520.00 price objective on shares of Microsoft in a research note on Monday, January 27th. Finally, Scotiabank initiated coverage on Microsoft in a research report on Thursday. They set a “sector outperform” rating and a $470.00 price objective on the stock. Three research analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $510.59.

Microsoft Trading Down 0.3 %

Shares of NASDAQ:MSFT opened at $386.84 on Friday. The company has a market capitalization of $2.88 trillion, a PE ratio of 31.15, a P/E/G ratio of 2.21 and a beta of 0.92. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.13. The business’s fifty day simple moving average is $409.38 and its 200-day simple moving average is $419.85. Microsoft Co. has a 12-month low of $376.91 and a 12-month high of $468.35.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share for the quarter, topping analysts’ consensus estimates 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 business earned $2.93 EPS. As a group, equities research analysts predict that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The firm 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 dividend on an annualized basis and a yield of 0.86%. The ex-dividend date of this dividend is Thursday, May 15th. Microsoft’s dividend payout ratio is presently 26.73%.

Microsoft Company 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.