Harvey Capital Management Inc. Has $24.48 Million Stake in Microsoft Co. (NASDAQ:MSFT)

Harvey Capital Management Inc. decreased its position in Microsoft Co. (NASDAQ:MSFT) by 1.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 58,080 shares of the software giant’s stock after selling 845 shares during the quarter. Microsoft makes up 5.8% of Harvey Capital Management Inc.’s portfolio, making the stock its 5th biggest holding. Harvey Capital Management Inc.’s holdings in Microsoft were worth $24,481,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in MSFT. Fiduciary Advisors Inc. bought a new stake in Microsoft during the fourth quarter valued at about $38,000. IFS Advisors LLC boosted its stake in shares of Microsoft by 53.8% in the fourth quarter. IFS Advisors LLC now owns 100 shares of the software giant’s stock worth $42,000 after acquiring an additional 35 shares during the period. Avondale Wealth Management grew its position in shares of Microsoft by 144.4% during the fourth quarter. Avondale Wealth Management now owns 110 shares of the software giant’s stock worth $46,000 after purchasing an additional 65 shares in the last quarter. MidAtlantic Capital Management Inc. bought a new stake in Microsoft during the 3rd quarter valued at approximately $62,000. Finally, Kieckhefer Group LLC bought a new position in Microsoft in the 4th quarter worth approximately $141,000. 71.13% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on MSFT. Tigress Financial increased their price target on Microsoft from $550.00 to $595.00 and gave the company a “buy” rating in a research note on Thursday, March 20th. DA Davidson upgraded shares of Microsoft from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $425.00 to $450.00 in a report on Thursday, March 13th. Jefferies Financial Group reiterated a “buy” rating and set a $475.00 price objective (down from $500.00) on shares of Microsoft in a research note on Monday, April 7th. Scotiabank began coverage on shares of Microsoft in a research report on Thursday, March 20th. They issued a “sector outperform” rating and a $470.00 price objective on the stock. Finally, Stifel Nicolaus decreased their price target on shares of Microsoft from $515.00 to $475.00 and set a “buy” rating for the company in a report on Friday, March 7th. Four equities 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, Microsoft currently has a consensus rating of “Moderate Buy” and an average target price of $505.41.

Microsoft Price Performance

Shares of MSFT opened at $388.45 on Friday. The company has a market capitalization of $2.89 trillion, a price-to-earnings ratio of 31.28, a P/E/G ratio of 2.21 and a beta of 1.00. The business’s 50-day moving average is $391.89 and its 200-day moving average is $414.53. Microsoft Co. has a fifty-two week low of $344.79 and a fifty-two week high of $468.35. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.34.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings data on Wednesday, January 29th. The software giant reported $3.23 earnings per share (EPS) 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 prior year, the business posted $2.93 EPS. Equities research analysts expect that Microsoft Co. will post 13.08 EPS for the current fiscal year.

Microsoft Announces Dividend

The company 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 dividend of $0.83 per share. This represents a $3.32 annualized dividend and a dividend yield of 0.85%. The ex-dividend date of this dividend is Thursday, May 15th. 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.