Buckhead Capital Management LLC Has $13.44 Million Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

Buckhead Capital Management LLC decreased its stake in Microsoft Co. (NASDAQ:MSFT) by 2.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 31,896 shares of the software giant’s stock after selling 778 shares during the period. Microsoft accounts for about 4.3% of Buckhead Capital Management LLC’s holdings, making the stock its 2nd biggest position. Buckhead Capital Management LLC’s holdings in Microsoft were worth $13,444,000 as of its most recent filing with the SEC.

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

Microsoft Price Performance

MSFT stock opened at $387.81 on Tuesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.34 and a current ratio of 1.35. The firm has a market cap of $2.88 trillion, a P/E ratio of 31.22, a P/E/G ratio of 2.21 and a beta of 1.00. The firm’s fifty day moving average is $391.38 and its 200 day moving average is $414.11. Microsoft Co. has a 52 week low of $344.79 and a 52 week high of $468.35.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Wednesday, January 29th. The software giant reported $3.23 earnings per share (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 in the previous year, the company earned $2.93 EPS. Research analysts predict that Microsoft Co. will post 13.08 earnings per share for the current year.

Microsoft Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Thursday, May 15th will be given a $0.83 dividend. The ex-dividend date is Thursday, May 15th. This represents a $3.32 annualized dividend and a yield of 0.86%. Microsoft’s payout ratio is currently 26.73%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on MSFT. Guggenheim reaffirmed a “neutral” rating on shares of Microsoft in a report on Friday, January 24th. Jefferies Financial Group reaffirmed a “buy” rating and set a $475.00 target price (down previously from $500.00) on shares of Microsoft in a report on Monday, April 7th. Piper Sandler reissued an “overweight” rating and issued a $520.00 price target on shares of Microsoft in a report on Monday, January 27th. Scotiabank started 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 for the company. Finally, Mizuho decreased 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. Four research analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $503.86.

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.