Pennsylvania Capital Management Inc. ADV Sells 116 Shares of Microsoft Co. (NASDAQ:MSFT)

Pennsylvania Capital Management Inc. ADV decreased its stake in Microsoft Co. (NASDAQ:MSFT) by 0.1% in the 4th quarter, Holdings Channel reports. The firm owned 88,302 shares of the software giant’s stock after selling 116 shares during the quarter. Microsoft accounts for approximately 12.8% of Pennsylvania Capital Management Inc. ADV’s portfolio, making the stock its 2nd biggest position. Pennsylvania Capital Management Inc. ADV’s holdings in Microsoft were worth $37,219,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. BCK Partners Inc. boosted its position 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 worth $582,000 after buying an additional 24 shares during the period. Muirfield Wealth Advisors LLC boosted its holdings in Microsoft by 0.5% in the 4th quarter. Muirfield Wealth Advisors LLC now owns 4,427 shares of the software giant’s stock worth $1,866,000 after acquiring an additional 24 shares during the period. Sequent Asset Management LLC grew its position in 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 acquiring an additional 25 shares in the last quarter. Cypress Point Wealth Management LLC raised its stake in shares of Microsoft by 0.8% during 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 period. Finally, Riverstone Advisors LLC lifted its position in shares of Microsoft by 0.6% during the third quarter. Riverstone Advisors LLC now owns 4,510 shares of the software giant’s stock worth $1,941,000 after purchasing an additional 25 shares in the last quarter. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on MSFT shares. Mizuho dropped their price target on shares of Microsoft from $510.00 to $500.00 and set an “outperform” rating on the stock in a research note on Thursday, January 30th. Jefferies Financial Group cut their price target on Microsoft from $550.00 to $500.00 and set a “buy” rating on the stock in a research note on Monday. UBS Group lowered their price objective on Microsoft from $525.00 to $510.00 and set a “buy” rating for the company in a research note on Thursday, January 30th. Guggenheim reiterated a “neutral” rating on shares of Microsoft in a research note on Friday, January 24th. Finally, DA Davidson upgraded shares of Microsoft from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $425.00 to $450.00 in a research note on Thursday, March 13th. Three investment analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $508.86.

Microsoft Price Performance

NASDAQ MSFT opened at $375.39 on Tuesday. Microsoft Co. has a 52 week low of $367.24 and a 52 week high of $468.35. The stock has a market cap of $2.79 trillion, a price-to-earnings ratio of 30.22, a price-to-earnings-growth ratio of 2.21 and a beta of 0.92. The company has a 50-day moving average price of $404.45 and a two-hundred day moving average price of $418.77. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.13.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings results on Wednesday, January 29th. The software giant reported $3.23 EPS for the quarter, beating 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 last year, the business earned $2.93 EPS. Analysts forecast that Microsoft Co. will post 13.08 EPS for the current year.

Microsoft Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 15th will be paid a $0.83 dividend. 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%.

About Microsoft

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.