Great Point Wealth Advisors LLC Sells 160 Shares of Microsoft Co. (NASDAQ:MSFT)

Great Point Wealth Advisors LLC lowered its position in Microsoft Co. (NASDAQ:MSFT) by 1.3% during the 4th quarter, Holdings Channel reports. The firm owned 12,456 shares of the software giant’s stock after selling 160 shares during the quarter. Microsoft comprises approximately 1.1% of Great Point Wealth Advisors LLC’s investment portfolio, making the stock its 19th largest holding. Great Point Wealth Advisors LLC’s holdings in Microsoft were worth $5,250,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of MSFT. BCK Partners Inc. raised its stake in shares of Microsoft by 1.8% during the 3rd quarter. BCK Partners Inc. now owns 1,353 shares of the software giant’s stock valued at $582,000 after buying an additional 24 shares during the last quarter. Sequent Asset Management LLC grew its holdings in Microsoft by 1.3% during the third quarter. Sequent Asset Management LLC now owns 1,983 shares of the software giant’s stock worth $853,000 after acquiring an additional 25 shares during the period. Cypress Point Wealth Management LLC raised its position in 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 acquiring an additional 25 shares in the last quarter. Riverstone Advisors LLC lifted its holdings in 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 acquiring an additional 25 shares during the period. Finally, Boulder Wealth Advisors LLC boosted its position in Microsoft by 1.0% in the 3rd quarter. Boulder Wealth Advisors LLC now owns 2,569 shares of the software giant’s stock worth $1,106,000 after purchasing an additional 25 shares in the last quarter. 71.13% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on MSFT. Mizuho lowered their price target 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. Stifel Nicolaus dropped their target price 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 reaffirmed a “neutral” rating on shares of Microsoft in a report on Friday, January 24th. Wedbush reissued an “outperform” rating and issued a $550.00 price objective on shares of Microsoft in a report on Thursday, March 20th. Finally, StockNews.com downgraded Microsoft from a “buy” rating to a “hold” rating in a research note on Friday, February 28th. Three analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $510.59.

Microsoft Trading Up 0.2 %

Shares of Microsoft stock opened at $390.58 on Friday. The firm has a market cap of $2.90 trillion, a price-to-earnings ratio of 31.45, a price-to-earnings-growth ratio of 2.21 and a beta of 0.92. Microsoft Co. has a 52-week low of $376.91 and a 52-week high of $468.35. The company’s 50-day simple moving average is $406.52 and its 200-day simple moving average is $419.25. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 0.13.

Microsoft (NASDAQ:MSFT) last released its earnings results 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 return on equity of 33.36% and a net margin of 35.43%. During the same quarter in the previous year, the business posted $2.93 EPS. As a group, equities research analysts anticipate that Microsoft Co. will post 13.08 earnings per share for the current year.

Microsoft Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders 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 0.85%. Microsoft’s payout ratio is currently 26.73%.

Microsoft Company 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.