Visionary Horizons LLC Reduces Holdings in Microsoft Co. (NASDAQ:MSFT)

Visionary Horizons LLC lowered its position in shares of Microsoft Co. (NASDAQ:MSFT) by 1.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,478 shares of the software giant’s stock after selling 39 shares during the quarter. Microsoft comprises approximately 1.0% of Visionary Horizons LLC’s portfolio, making the stock its 14th biggest position. Visionary Horizons LLC’s holdings in Microsoft were worth $1,466,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Northeast Investment Management grew its holdings in shares of Microsoft by 0.3% during the fourth quarter. Northeast Investment Management now owns 261,089 shares of the software giant’s stock valued at $110,049,000 after buying an additional 760 shares during the last quarter. Summit Wealth & Retirement Planning Inc. boosted its holdings in shares of Microsoft by 13.8% in the fourth quarter. Summit Wealth & Retirement Planning Inc. now owns 8,369 shares of the software giant’s stock worth $3,528,000 after buying an additional 1,017 shares during the last quarter. Richard C. Young & CO. LTD. increased its stake in shares of Microsoft by 0.9% in the 4th quarter. Richard C. Young & CO. LTD. now owns 37,966 shares of the software giant’s stock worth $16,003,000 after purchasing an additional 342 shares in the last quarter. WestEnd Advisors LLC lifted its position in shares of Microsoft by 5.6% during the 4th quarter. WestEnd Advisors LLC now owns 104,187 shares of the software giant’s stock valued at $43,915,000 after buying an additional 5,531 shares in the last quarter. Finally, Stoneridge Investment Partners LLC increased its stake in shares of Microsoft by 3.9% in the fourth quarter. Stoneridge Investment Partners LLC now owns 43,825 shares of the software giant’s stock worth $18,472,000 after purchasing an additional 1,630 shares in the last quarter. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Piper Sandler reaffirmed an “overweight” rating and set a $520.00 price objective on shares of Microsoft in a report on Monday, January 27th. Jefferies Financial Group restated a “buy” rating and issued a $475.00 target price (down previously from $500.00) on shares of Microsoft in a report on Monday. Wedbush reissued an “outperform” rating and set a $550.00 target price on shares of Microsoft in a research note on Thursday, March 20th. StockNews.com lowered Microsoft from a “buy” rating to a “hold” rating in a research report on Friday, February 28th. Finally, Tigress Financial lifted their price target on Microsoft from $550.00 to $595.00 and gave the company a “buy” rating in a report on Thursday, March 20th. Four research analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the stock. According to MarketBeat, Microsoft has an average rating of “Moderate Buy” and a consensus target price of $508.00.

Microsoft Price Performance

NASDAQ:MSFT opened at $357.86 on Tuesday. The company has a 50 day moving average price of $397.55 and a 200-day moving average price of $416.67. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.34. Microsoft Co. has a 1-year low of $344.79 and a 1-year high of $468.35. The firm has a market cap of $2.66 trillion, a price-to-earnings ratio of 28.81, a price-to-earnings-growth ratio of 2.21 and a beta of 1.00.

Microsoft (NASDAQ:MSFT) last issued 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 period last year, the firm posted $2.93 EPS. Equities research analysts forecast that Microsoft Co. will post 13.08 EPS for the current year.

Microsoft Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 15th will be given 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 0.93%. Microsoft’s payout ratio is 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.