Microsoft Co. (NASDAQ:MSFT) Shares Sold by Diamant Asset Management Inc.

Diamant Asset Management Inc. lowered its position in shares of Microsoft Co. (NASDAQ:MSFT) by 0.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,040 shares of the software giant’s stock after selling 30 shares during the quarter. Microsoft makes up approximately 7.6% of Diamant Asset Management Inc.’s holdings, making the stock its 2nd biggest holding. Diamant Asset Management Inc.’s holdings in Microsoft were worth $11,819,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. BCK Partners Inc. raised its holdings in shares of Microsoft by 1.8% in the third quarter. BCK Partners Inc. now owns 1,353 shares of the software giant’s stock valued at $582,000 after purchasing an additional 24 shares during the last quarter. Christopher J. Hasenberg Inc raised 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 valued at $39,000 after purchasing an additional 25 shares during the last quarter. Sequent Asset Management LLC raised its holdings in shares of Microsoft by 1.3% in the third quarter. Sequent Asset Management LLC now owns 1,983 shares of the software giant’s stock valued at $853,000 after purchasing an additional 25 shares during the last quarter. Cypress Point Wealth Management LLC raised its holdings in shares of Microsoft by 0.8% in the third quarter. Cypress Point Wealth Management LLC now owns 3,208 shares of the software giant’s stock valued at $1,380,000 after purchasing an additional 25 shares during the last quarter. Finally, Riverstone Advisors LLC raised its holdings in shares of Microsoft by 0.6% in the third quarter. Riverstone Advisors LLC now owns 4,510 shares of the software giant’s stock valued at $1,941,000 after purchasing an additional 25 shares during the last quarter. Institutional investors and hedge funds own 71.13% of the company’s stock.

Microsoft Trading Down 1.3 %

MSFT opened at $383.52 on Wednesday. Microsoft Co. has a twelve month low of $376.91 and a twelve month high of $468.35. The company has a 50-day simple moving average of $410.87 and a 200 day simple moving average of $420.28. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $2.85 trillion, a price-to-earnings ratio of 30.88, a P/E/G ratio of 2.21 and a beta of 0.92.

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, 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 in the previous year, the business earned $2.93 earnings per share. Analysts predict that Microsoft Co. will post 13.08 EPS for the current fiscal year.

Microsoft Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Thursday, May 15th will be given a dividend of $0.83 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.32 annualized dividend and a yield of 0.87%. Microsoft’s dividend payout ratio is 26.73%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on MSFT. Guggenheim restated a “neutral” rating on shares of Microsoft in a report on Friday, January 24th. Wedbush restated an “outperform” rating and set a $550.00 target price on shares of Microsoft in a report on Tuesday, November 19th. StockNews.com downgraded shares of Microsoft from a “buy” rating to a “hold” rating in a report on Friday, February 28th. Mizuho lowered their target price on shares of Microsoft from $510.00 to $500.00 and set an “outperform” rating on the stock in a report on Thursday, January 30th. Finally, UBS Group lowered their target price on shares of Microsoft from $525.00 to $510.00 and set a “buy” rating on the stock in a report on Thursday, January 30th. Three equities research analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company. According to data from MarketBeat.com, Microsoft currently has an average rating of “Moderate Buy” and a consensus price target of $510.43.

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.