Microsoft Co. (NASDAQ:MSFT) Position Lowered by Tritonpoint Wealth LLC

Tritonpoint Wealth LLC reduced its position in shares of Microsoft Co. (NASDAQ:MSFT) by 0.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 83,721 shares of the software giant’s stock after selling 422 shares during the period. Microsoft comprises about 3.2% of Tritonpoint Wealth LLC’s holdings, making the stock its 3rd largest position. Tritonpoint Wealth LLC’s holdings in Microsoft were worth $35,288,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Fiduciary Advisors Inc. acquired a new position in shares of Microsoft during the 4th quarter worth about $38,000. Christopher J. Hasenberg Inc lifted its stake in Microsoft by 35.7% during the third quarter. Christopher J. Hasenberg Inc now owns 95 shares of the software giant’s stock worth $39,000 after purchasing an additional 25 shares during the last quarter. IFS Advisors LLC boosted its holdings in Microsoft by 53.8% in 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 Microsoft by 144.4% in the fourth quarter. Avondale Wealth Management now owns 110 shares of the software giant’s stock valued at $46,000 after purchasing an additional 65 shares during the last quarter. Finally, MidAtlantic Capital Management Inc. acquired a new stake in Microsoft during the third quarter worth approximately $62,000. Institutional investors and hedge funds own 71.13% of the company’s stock.

Microsoft Stock Down 1.3 %

Microsoft stock opened at $389.97 on Thursday. The stock’s 50 day moving average price is $407.20 and its 200 day moving average price is $419.45. Microsoft Co. has a 1-year low of $376.91 and a 1-year high of $468.35. The company has a market cap of $2.90 trillion, a PE ratio of 31.40, a price-to-earnings-growth 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 the consensus estimate 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 company posted $2.93 EPS. On average, sell-side analysts predict that Microsoft Co. will post 13.08 EPS 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. The ex-dividend date is Thursday, May 15th. This represents a $3.32 annualized dividend and a yield of 0.85%. Microsoft’s payout ratio is currently 26.73%.

Analyst Upgrades and Downgrades

MSFT has been the subject of several research analyst reports. Stifel Nicolaus lowered their target price on shares of Microsoft from $515.00 to $475.00 and set a “buy” rating for the company in a report on Friday, March 7th. Mizuho decreased their price objective on shares of Microsoft from $510.00 to $500.00 and set an “outperform” rating for the company in a research note on Thursday, January 30th. Scotiabank assumed coverage on Microsoft in a research report on Thursday, March 20th. They set a “sector outperform” rating and a $470.00 target price on the stock. Loop Capital upped their target price on Microsoft from $500.00 to $550.00 and gave the company a “buy” rating in a research report on Monday, December 23rd. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $520.00 price target on shares of Microsoft in a research report on Monday, January 27th. Three equities research analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $510.59.

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.