Microsoft Co. (NASDAQ:MSFT) is Clay Northam Wealth Management LLC’s 8th Largest Position

Clay Northam Wealth Management LLC lifted its position in shares of Microsoft Co. (NASDAQ:MSFT) by 1.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,420 shares of the software giant’s stock after buying an additional 180 shares during the period. Microsoft makes up about 3.9% of Clay Northam Wealth Management LLC’s holdings, making the stock its 8th biggest holding. Clay Northam Wealth Management LLC’s holdings in Microsoft were worth $6,078,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Net Worth Advisory Group acquired a new position in Microsoft during the 3rd quarter worth approximately $2,645,000. Adamsbrown Wealth Consultants LLC raised its stake in shares of Microsoft by 2.2% during the fourth quarter. Adamsbrown Wealth Consultants LLC now owns 5,967 shares of the software giant’s stock valued at $2,515,000 after purchasing an additional 130 shares during the period. Oak Ridge Investments LLC lifted its position in shares of Microsoft by 7.6% during the third quarter. Oak Ridge Investments LLC now owns 263,534 shares of the software giant’s stock worth $113,399,000 after purchasing an additional 18,544 shares in the last quarter. Focus Financial Network Inc. boosted its stake in shares of Microsoft by 2.0% in the third quarter. Focus Financial Network Inc. now owns 76,296 shares of the software giant’s stock valued at $32,830,000 after purchasing an additional 1,489 shares during the period. Finally, Campbell Wealth Management acquired a new stake in Microsoft during the 3rd quarter valued at $3,314,000. Institutional investors and hedge funds own 71.13% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on MSFT. StockNews.com cut shares of Microsoft from a “buy” rating to a “hold” rating in a research report on Friday, February 28th. Morgan Stanley lowered their price objective on Microsoft from $540.00 to $530.00 and set an “overweight” rating for the company in a research note on Thursday, January 30th. Guggenheim reaffirmed a “neutral” rating on shares of Microsoft in a research report on Friday, January 24th. Cantor Fitzgerald reissued an “overweight” rating and set a $509.00 price target on shares of Microsoft in a research report on Wednesday, January 29th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $550.00 price target on shares of Microsoft in a report on Thursday, March 20th. Three research analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company. According to data from MarketBeat, Microsoft has a consensus rating of “Moderate Buy” and an average price target of $510.59.

Microsoft Trading Down 3.0 %

Microsoft stock opened at $378.80 on Monday. The firm has a 50-day moving average price of $405.52 and a two-hundred day moving average price of $419.10. Microsoft Co. has a 52-week low of $376.91 and a 52-week high of $468.35. The firm has a market capitalization of $2.82 trillion, a price-to-earnings ratio of 30.50, a PEG ratio of 2.21 and a beta of 0.92. 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 issued its quarterly earnings data on Wednesday, January 29th. The software giant reported $3.23 earnings per share (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 last year, the business posted $2.93 earnings per share. Sell-side analysts expect that Microsoft Co. will post 13.08 earnings per share for the current year.

Microsoft Announces Dividend

The business 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 dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date is Thursday, May 15th. Microsoft’s dividend payout ratio is currently 26.73%.

About Microsoft

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.