Retirement Income Solutions Inc Has $2.54 Million Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

Retirement Income Solutions Inc reduced its stake in Microsoft Co. (NASDAQ:MSFT) by 8.6% during the 4th quarter, Holdings Channel reports. The fund owned 6,020 shares of the software giant’s stock after selling 569 shares during the period. Microsoft makes up about 0.5% of Retirement Income Solutions Inc’s investment portfolio, making the stock its 25th largest position. Retirement Income Solutions Inc’s holdings in Microsoft were worth $2,537,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the stock. Adamsbrown Wealth Consultants LLC grew its holdings in Microsoft by 2.2% in the 4th quarter. Adamsbrown Wealth Consultants LLC now owns 5,967 shares of the software giant’s stock valued at $2,515,000 after buying an additional 130 shares in the last quarter. Oak Ridge Investments LLC boosted its holdings in Microsoft by 7.6% in the 3rd quarter. Oak Ridge Investments LLC now owns 263,534 shares of the software giant’s stock valued at $113,399,000 after purchasing an additional 18,544 shares during the period. Focus Financial Network Inc. grew its position in shares of Microsoft by 2.0% during the 3rd quarter. Focus Financial Network Inc. now owns 76,296 shares of the software giant’s stock worth $32,830,000 after purchasing an additional 1,489 shares in the last quarter. Campbell Wealth Management bought a new position in shares of Microsoft during the third quarter worth approximately $3,314,000. Finally, Busey Bank raised its position in shares of Microsoft by 1.1% in the third quarter. Busey Bank now owns 472,040 shares of the software giant’s stock valued at $203,119,000 after buying an additional 5,287 shares in the last quarter. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Stifel Nicolaus reduced their price target on Microsoft from $515.00 to $475.00 and set a “buy” rating on the stock in a research report on Friday, March 7th. Guggenheim reissued a “neutral” rating on shares of Microsoft in a report on Friday, January 24th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $475.00 price objective (down from $500.00) on shares of Microsoft in a research note on Monday, April 7th. Westpark Capital started coverage on Microsoft in a research note on Tuesday, April 1st. They issued a “hold” rating for the company. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $500.00 price objective on shares of Microsoft in a research note on Thursday, January 30th. Five research analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $499.97.

Microsoft Trading Down 1.0 %

NASDAQ:MSFT opened at $367.78 on Friday. Microsoft Co. has a one year low of $344.79 and a one year 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. The firm has a 50-day moving average of $388.25 and a 200-day moving average of $412.73. The company has a market cap of $2.73 trillion, a PE ratio of 29.61, a PEG ratio of 2.21 and a beta of 1.00.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share for the quarter, beating analysts’ consensus estimates 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 last year, the company earned $2.93 EPS. As a group, equities research analysts expect 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 paid a $0.83 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.32 annualized dividend and a yield of 0.90%. Microsoft’s payout ratio is 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.