Wealthcare Capital Management LLC Boosts Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

Wealthcare Capital Management LLC lifted its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 3.7% during the fourth quarter, HoldingsChannel reports. The firm owned 2,634 shares of the software giant’s stock after purchasing an additional 93 shares during the quarter. Wealthcare Capital Management LLC’s holdings in Microsoft were worth $1,110,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Christopher J. Hasenberg Inc lifted its holdings in shares of Microsoft by 35.7% in the third quarter. Christopher J. Hasenberg Inc now owns 95 shares of the software giant’s stock worth $39,000 after buying an additional 25 shares in the last quarter. IFS Advisors LLC grew its position in 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 acquiring an additional 35 shares during the last quarter. Quarry LP bought a new position in Microsoft during the second quarter valued at approximately $45,000. Avondale Wealth Management grew its position 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 acquiring an additional 65 shares during the last quarter. Finally, MidAtlantic Capital Management Inc. bought a new position in shares of Microsoft in the third quarter worth approximately $62,000. 71.13% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Microsoft

In other news, CMO Takeshi Numoto sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The stock was 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 directly owns 51,852 shares in the company, valued at $22,675,916.64. This trade represents a 3.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Over the last ninety days, insiders sold 7,000 shares of company stock worth $3,070,340. 0.03% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

MSFT has been the topic of several recent analyst reports. Cantor Fitzgerald restated an “overweight” rating and issued a $509.00 target price on shares of Microsoft in a report on Wednesday, January 29th. UBS Group lowered their price target on Microsoft from $525.00 to $510.00 and set a “buy” rating for the company in a research report on Thursday, January 30th. Mizuho lowered their price target on Microsoft from $510.00 to $500.00 and set an “outperform” rating for the company in a research report on Thursday, January 30th. Stifel Nicolaus lifted their price objective on Microsoft from $475.00 to $515.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Finally, Loop Capital boosted their price target on Microsoft from $500.00 to $550.00 and gave the company a “buy” rating in a research note on Monday, December 23rd. Four equities research analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $510.96.

Microsoft Stock Performance

NASDAQ MSFT opened at $397.12 on Friday. The business’s 50 day moving average price is $420.68 and its 200-day moving average price is $422.62. The company has a market cap of $2.95 trillion, a P/E ratio of 31.97, a P/E/G ratio of 2.21 and a beta of 0.90. 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 issued its quarterly earnings data 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 in the previous year, the company posted $2.93 earnings per share. Sell-side analysts predict that Microsoft Co. will post 13.08 earnings per share for the current year.

Microsoft Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 20th will be paid a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date is Thursday, February 20th. Microsoft’s dividend payout ratio (DPR) is presently 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.