DORVAL Corp Lowers Stock Position in Microsoft Co. (NASDAQ:MSFT)

DORVAL Corp lessened its stake in Microsoft Co. (NASDAQ:MSFT) by 3.5% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 2,573 shares of the software giant’s stock after selling 94 shares during the quarter. Microsoft makes up approximately 0.4% of DORVAL Corp’s portfolio, making the stock its 22nd biggest position. DORVAL Corp’s holdings in Microsoft were worth $1,085,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. WFA Asset Management Corp grew its position in Microsoft by 27.0% during the first quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant’s stock valued at $427,000 after acquiring an additional 216 shares during the last quarter. Ironwood Wealth Management LLC. grew its holdings in shares of Microsoft by 0.3% during the 2nd quarter. Ironwood Wealth Management LLC. now owns 12,658 shares of the software giant’s stock valued at $5,658,000 after purchasing an additional 38 shares during the last quarter. AMF Tjanstepension AB raised its position in Microsoft by 1.8% in the 3rd quarter. AMF Tjanstepension AB now owns 2,799,261 shares of the software giant’s stock worth $1,204,664,000 after purchasing an additional 49,735 shares during the period. Discipline Wealth Solutions LLC lifted its stake in Microsoft by 410.4% in the third quarter. Discipline Wealth Solutions LLC now owns 2,659 shares of the software giant’s stock worth $1,144,000 after purchasing an additional 2,138 shares during the last quarter. Finally, Swedbank AB boosted its position in Microsoft by 0.4% during the third quarter. Swedbank AB now owns 13,689,356 shares of the software giant’s stock valued at $5,890,530,000 after buying an additional 49,288 shares during the period. Institutional investors own 71.13% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on MSFT. Wells Fargo & Company lowered their target price on Microsoft from $515.00 to $500.00 and set an “overweight” rating for the company in a research note on Monday. Morgan Stanley decreased their target price on shares of Microsoft from $540.00 to $530.00 and set an “overweight” rating on the stock in a research note on Thursday, January 30th. Scotiabank started coverage on shares of Microsoft in a research report on Thursday, March 20th. They set a “sector outperform” rating and a $470.00 price target for the company. Cantor Fitzgerald reissued an “overweight” rating and issued a $509.00 price target on shares of Microsoft in a report on Wednesday, January 29th. Finally, DA Davidson upgraded shares of Microsoft from a “neutral” rating to a “buy” rating and increased their target price for the stock from $425.00 to $450.00 in a report on Thursday, March 13th. Four research analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the stock. According to MarketBeat.com, Microsoft presently has an average rating of “Moderate Buy” and an average price target of $503.86.

Microsoft Price Performance

Shares of MSFT opened at $387.81 on Tuesday. Microsoft Co. has a fifty-two week low of $344.79 and a fifty-two week high of $468.35. The firm’s 50-day simple moving average is $391.38 and its two-hundred day simple moving average is $414.11. The stock has a market cap of $2.88 trillion, a PE ratio of 31.22, a price-to-earnings-growth ratio of 2.21 and a beta of 1.00. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.34 and a current ratio of 1.35.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings results on Wednesday, January 29th. The software giant reported $3.23 EPS for the quarter, topping 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 period in the previous year, the company posted $2.93 EPS. Analysts anticipate that Microsoft Co. will post 13.08 earnings per share for the current fiscal 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 issued a dividend of $0.83 per share. The ex-dividend date is Thursday, May 15th. This represents a $3.32 annualized dividend and a dividend yield of 0.86%. Microsoft’s payout ratio 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.