Microsoft Co. (NASDAQ:MSFT) is Congress Park Capital LLC’s 9th Largest Position

Congress Park Capital LLC decreased its position in shares of Microsoft Co. (NASDAQ:MSFT) by 1.4% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 20,008 shares of the software giant’s stock after selling 292 shares during the quarter. Microsoft makes up approximately 3.1% of Congress Park Capital LLC’s portfolio, making the stock its 9th biggest position. Congress Park Capital LLC’s holdings in Microsoft were worth $8,433,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Christopher J. Hasenberg Inc increased its position in Microsoft by 35.7% during the 3rd quarter. Christopher J. Hasenberg Inc now owns 95 shares of the software giant’s stock valued at $39,000 after purchasing an additional 25 shares during the period. IFS Advisors LLC lifted its position in shares of Microsoft by 53.8% in the 4th quarter. IFS Advisors LLC now owns 100 shares of the software giant’s stock worth $42,000 after purchasing an additional 35 shares during the period. Quarry LP bought a new position in shares of Microsoft during the second quarter valued at approximately $45,000. Avondale Wealth Management increased its holdings 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 during the period. Finally, MidAtlantic Capital Management Inc. bought a new position in Microsoft in the third quarter worth approximately $62,000. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Microsoft Stock Performance

NASDAQ MSFT opened at $399.73 on Thursday. The firm has a market capitalization of $2.97 trillion, a P/E ratio of 32.18, a PEG ratio of 2.21 and a beta of 0.90. The stock has a 50-day simple moving average of $422.36 and a two-hundred day simple moving average of $423.01. 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 fifty-two week low of $385.58 and a fifty-two week high of $468.35.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings results 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 quarter in the previous year, the company earned $2.93 earnings per share. On average, equities analysts forecast that Microsoft Co. will post 13.08 earnings per share for the current year.

Microsoft Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 20th will be paid a $0.83 dividend. This represents a $3.32 annualized dividend and a dividend yield of 0.83%. The ex-dividend date of this dividend is Thursday, February 20th. Microsoft’s dividend payout ratio is currently 26.73%.

Insider Buying and Selling

In other Microsoft news, CMO Takeshi Numoto sold 2,000 shares of Microsoft stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $437.32, for a total value of $874,640.00. Following the completion of the transaction, the chief marketing officer now owns 51,852 shares of the company’s stock, valued at approximately $22,675,916.64. The trade was a 3.71 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Over the last three months, insiders have sold 7,000 shares of company stock valued at $3,070,340. Corporate insiders own 0.03% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Morgan Stanley dropped their target price on Microsoft from $540.00 to $530.00 and set an “overweight” rating on the stock in a research report on Thursday, January 30th. JPMorgan Chase & Co. dropped their price objective on Microsoft from $470.00 to $465.00 and set an “overweight” rating on the stock in a research report on Thursday, October 31st. UBS Group cut their target price on Microsoft from $525.00 to $510.00 and set a “buy” rating on the stock in a research note on Thursday, January 30th. Piper Sandler reissued an “overweight” rating and set a $520.00 price target on shares of Microsoft in a research report on Monday, January 27th. Finally, Mizuho cut their price objective on shares of Microsoft from $510.00 to $500.00 and set an “outperform” rating on the stock in a research report on Thursday, January 30th. Three investment analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company. According to MarketBeat, Microsoft currently has a consensus rating of “Moderate Buy” and an average price target of $510.96.

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.