Microsoft Co. (NASDAQ:MSFT) is Prossimo Advisors LLC’s Largest Position

Prossimo Advisors LLC decreased its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 1.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,142 shares of the software giant’s stock after selling 293 shares during the quarter. Microsoft accounts for approximately 6.1% of Prossimo Advisors LLC’s holdings, making the stock its biggest position. Prossimo Advisors LLC’s holdings in Microsoft were worth $8,490,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Fiduciary Advisors Inc. acquired a new position in Microsoft in the 4th quarter valued at approximately $38,000. IFS Advisors LLC boosted its position in Microsoft by 53.8% during the fourth quarter. IFS Advisors LLC now owns 100 shares of the software giant’s stock valued at $42,000 after purchasing an additional 35 shares during the last quarter. Avondale Wealth Management grew its stake in Microsoft by 144.4% in the fourth quarter. Avondale Wealth Management now owns 110 shares of the software giant’s stock valued at $46,000 after purchasing an additional 65 shares in the last quarter. MidAtlantic Capital Management Inc. purchased a new stake in shares of Microsoft during the 3rd quarter worth about $62,000. Finally, Kieckhefer Group LLC acquired a new stake in shares of Microsoft during the 4th quarter valued at about $141,000. 71.13% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Barclays decreased their target price on shares of Microsoft from $475.00 to $430.00 and set an “overweight” rating for the company in a research report on Monday. Loop Capital boosted their price target on Microsoft from $500.00 to $550.00 and gave the stock a “buy” rating in a research report on Monday, December 23rd. Royal Bank of Canada reissued an “outperform” rating and set a $500.00 price objective on shares of Microsoft in a report on Thursday, January 30th. Bank of America decreased their target price on Microsoft from $510.00 to $480.00 and set a “buy” rating for the company in a research report on Tuesday, April 15th. Finally, KeyCorp restated a “sector weight” rating on shares of Microsoft in a research note on Thursday, April 17th. Five analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $497.63.

Microsoft Stock Down 2.4 %

NASDAQ MSFT opened at $359.12 on Tuesday. Microsoft Co. has a 1-year low of $344.79 and a 1-year high of $468.35. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.13. The stock’s 50 day moving average is $387.26 and its two-hundred day moving average is $412.30. The company has a market capitalization of $2.67 trillion, a price-to-earnings ratio of 28.91, a PEG ratio of 2.21 and a beta of 1.00.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings data on Wednesday, January 29th. The software giant reported $3.23 earnings per share (EPS) for the quarter, topping the consensus estimate 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 last year, the company earned $2.93 earnings per share. Equities analysts forecast that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Thursday, May 15th will be paid a dividend of $0.83 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.32 annualized dividend and a yield of 0.92%. Microsoft’s dividend payout ratio is 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.