Microsoft Co. (NASDAQ:MSFT) is Centerpoint Advisors LLC’s 8th Largest Position

Centerpoint Advisors LLC decreased its position in Microsoft Co. (NASDAQ:MSFT) by 3.0% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 22,955 shares of the software giant’s stock after selling 710 shares during the period. Microsoft comprises approximately 3.4% of Centerpoint Advisors LLC’s portfolio, making the stock its 8th biggest holding. Centerpoint Advisors LLC’s holdings in Microsoft were worth $9,675,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Geode Capital Management LLC raised its holdings in shares of Microsoft by 2.0% in the third quarter. Geode Capital Management LLC now owns 165,024,812 shares of the software giant’s stock worth $70,790,682,000 after acquiring an additional 3,264,648 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Microsoft by 4.1% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 54,590,791 shares of the software giant’s stock valued at $23,490,417,000 after purchasing an additional 2,125,030 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Microsoft by 1.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 47,229,125 shares of the software giant’s stock valued at $20,322,513,000 after purchasing an additional 652,493 shares in the last quarter. Franklin Resources Inc. boosted its stake in shares of Microsoft by 1.1% during the 3rd quarter. Franklin Resources Inc. now owns 38,420,657 shares of the software giant’s stock worth $16,104,959,000 after purchasing an additional 406,940 shares during the last quarter. Finally, Fisher Asset Management LLC grew its holdings in shares of Microsoft by 2.3% during the third quarter. Fisher Asset Management LLC now owns 27,904,450 shares of the software giant’s stock worth $12,007,285,000 after buying an additional 636,713 shares in the last quarter. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on MSFT. Bank of America decreased their target price on shares of Microsoft from $510.00 to $480.00 and set a “buy” rating on the stock in a research report on Tuesday, April 15th. Guggenheim reissued a “neutral” rating on shares of Microsoft in a research report on Friday, January 24th. KeyCorp reaffirmed a “sector weight” rating on shares of Microsoft in a research report on Thursday. Loop Capital boosted their price objective on shares of Microsoft from $500.00 to $550.00 and gave the company a “buy” rating in a research note on Monday, December 23rd. Finally, Wedbush cut their target price on Microsoft from $550.00 to $475.00 and set an “outperform” rating on the stock in a research report on Thursday, April 10th. Five analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $499.97.

Microsoft Trading Down 1.0 %

Microsoft stock opened at $367.78 on Monday. The company has a 50 day moving average price of $388.25 and a 200 day moving average price of $412.70. 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 Co. has a 52 week low of $344.79 and a 52 week high of $468.35. The firm has a market capitalization of $2.73 trillion, a price-to-earnings ratio of 29.61, a P/E/G 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 return on equity of 33.36% and a net margin of 35.43%. During the same quarter in the prior year, the business earned $2.93 EPS. Research analysts forecast that Microsoft Co. will post 13.08 EPS for the current year.

Microsoft Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Thursday, May 15th will be issued a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a dividend yield of 0.90%. The ex-dividend date is Thursday, May 15th. Microsoft’s dividend payout ratio is currently 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.