Clay Northam Wealth Management LLC Has $6.08 Million Holdings in Microsoft Co. (NASDAQ:MSFT)

Clay Northam Wealth Management LLC increased its position in shares of Microsoft Co. (NASDAQ:MSFT) by 1.3% during the fourth quarter, Holdings Channel.com reports. The fund owned 14,420 shares of the software giant’s stock after acquiring an additional 180 shares during the quarter. Microsoft accounts for approximately 3.9% of Clay Northam Wealth Management LLC’s investment portfolio, making the stock its 8th largest position. Clay Northam Wealth Management LLC’s holdings in Microsoft were worth $6,078,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of MSFT. Fiduciary Advisors Inc. acquired a new stake in shares of Microsoft during the fourth quarter worth $38,000. IFS Advisors LLC raised its holdings in Microsoft by 53.8% during the 4th quarter. IFS Advisors LLC now owns 100 shares of the software giant’s stock worth $42,000 after buying an additional 35 shares during the period. Avondale Wealth Management lifted its stake in Microsoft by 144.4% during the fourth quarter. Avondale Wealth Management now owns 110 shares of the software giant’s stock valued at $46,000 after buying an additional 65 shares in the last quarter. MidAtlantic Capital Management Inc. acquired a new position in shares of Microsoft in the third quarter worth about $62,000. Finally, Kieckhefer Group LLC purchased a new position in shares of Microsoft in the fourth quarter worth approximately $141,000. 71.13% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

MSFT has been the subject of a number of recent analyst reports. Scotiabank began coverage on shares of Microsoft in a research note on Thursday, March 20th. They issued a “sector outperform” rating and a $470.00 price objective for the company. StockNews.com cut Microsoft from a “buy” rating to a “hold” rating in a research report on Friday, February 28th. DA Davidson raised Microsoft from a “neutral” rating to a “buy” rating and upped their price target for the company from $425.00 to $450.00 in a research report on Thursday, March 13th. Tigress Financial raised their price objective on Microsoft from $550.00 to $595.00 and gave the stock a “buy” rating in a research report on Thursday, March 20th. Finally, Guggenheim reiterated a “neutral” rating on shares of Microsoft in a report on Friday, January 24th. Three research analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the stock. According to data from MarketBeat.com, Microsoft has an average rating of “Moderate Buy” and a consensus target price of $510.59.

Microsoft Price Performance

NASDAQ MSFT opened at $378.80 on Monday. The stock has a market capitalization of $2.82 trillion, a PE ratio of 30.50, a P/E/G ratio of 2.21 and a beta of 0.92. The stock has a 50-day simple moving average of $405.52 and a 200 day simple moving average of $419.10. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.34 and a current ratio of 1.35. Microsoft Co. has a twelve month low of $376.91 and a twelve month high of $468.35.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings data on Wednesday, January 29th. The software giant reported $3.23 earnings per share 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 period in the previous year, the business earned $2.93 earnings per share. 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. Stockholders 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 dividend yield of 0.88%. The ex-dividend date is Thursday, May 15th. Microsoft’s dividend payout ratio is currently 26.73%.

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.