Geneva Partners LLC Sells 117 Shares of Microsoft Co. (NASDAQ:MSFT)

Geneva Partners LLC lessened its stake in Microsoft Co. (NASDAQ:MSFT) by 0.5% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 24,396 shares of the software giant’s stock after selling 117 shares during the period. Microsoft comprises approximately 4.2% of Geneva Partners LLC’s portfolio, making the stock its 7th largest position. Geneva Partners LLC’s holdings in Microsoft were worth $10,283,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Net Worth Advisory Group acquired a new position in shares of Microsoft in the third quarter valued at approximately $2,645,000. Adamsbrown Wealth Consultants LLC grew its stake in shares of Microsoft by 2.2% in the fourth quarter. Adamsbrown Wealth Consultants LLC now owns 5,967 shares of the software giant’s stock worth $2,515,000 after acquiring an additional 130 shares in the last quarter. Oak Ridge Investments LLC increased 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 acquiring an additional 18,544 shares during the period. Focus Financial Network Inc. raised 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 acquiring an additional 1,489 shares in the last quarter. Finally, Campbell Wealth Management purchased a new position in Microsoft in the third quarter valued at $3,314,000. Institutional investors and hedge funds own 71.13% of the company’s stock.

Microsoft Stock Down 2.4 %

Microsoft stock opened at $373.11 on Friday. The stock has a 50 day moving average of $400.77 and a two-hundred day moving average of $417.80. Microsoft Co. has a twelve month low of $367.24 and a twelve month high of $468.35. The stock has a market capitalization of $2.77 trillion, a price-to-earnings ratio of 30.04, a PEG ratio of 2.21 and a beta of 0.92. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.13.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings data 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 period last year, the business posted $2.93 EPS. As a group, research analysts expect that Microsoft Co. will post 13.08 earnings per share for the current year.

Microsoft Dividend Announcement

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 given a $0.83 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.32 dividend on an annualized basis and a yield of 0.89%. Microsoft’s payout ratio is currently 26.73%.

Analysts Set New Price Targets

MSFT has been the topic of several recent research reports. Wedbush restated an “outperform” rating and set a $550.00 price target on shares of Microsoft in a report on Thursday, March 20th. Guggenheim reaffirmed a “neutral” rating on shares of Microsoft in a report on Friday, January 24th. Westpark Capital assumed coverage on shares of Microsoft in a research note on Tuesday. They issued a “hold” rating for the company. Jefferies Financial Group dropped their price objective on shares of Microsoft from $550.00 to $500.00 and set a “buy” rating on the stock in a research report on Monday. Finally, Mizuho decreased their price objective on shares of Microsoft from $510.00 to $500.00 and set an “outperform” rating for the company in a research 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’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $508.86.

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.