Bryn Mawr Capital Management LLC Sells 97,244 Shares of Microsoft Co. (NASDAQ:MSFT)

Bryn Mawr Capital Management LLC lowered its position in Microsoft Co. (NASDAQ:MSFT) by 52.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 89,208 shares of the software giant’s stock after selling 97,244 shares during the quarter. Microsoft accounts for about 1.4% of Bryn Mawr Capital Management LLC’s holdings, making the stock its 17th largest position. Bryn Mawr Capital Management LLC’s holdings in Microsoft were worth $37,601,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Adamsbrown Wealth Consultants LLC raised its stake in Microsoft by 2.2% during 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 3rd 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. lifted its holdings in Microsoft by 2.0% during the 3rd 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 last quarter. Campbell Wealth Management acquired a new position in Microsoft in the third quarter valued at about $3,314,000. Finally, Centric Wealth Management grew its stake in Microsoft by 0.7% during the third quarter. Centric Wealth Management now owns 16,156 shares of the software giant’s stock worth $6,789,000 after buying an additional 112 shares during the last quarter. Institutional investors and hedge funds own 71.13% of the company’s stock.

Microsoft Stock Up 2.1 %

Shares of NASDAQ:MSFT opened at $374.58 on Thursday. The company has a 50 day moving average price of $385.70 and a two-hundred day moving average price of $411.70. The company has a market capitalization of $2.78 trillion, a PE ratio of 30.16, a PEG ratio of 2.21 and a beta of 1.00. Microsoft Co. has a 52 week low of $344.79 and a 52 week high of $468.35. 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 (NASDAQ:MSFT) last issued its quarterly earnings data on Wednesday, January 29th. The software giant reported $3.23 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 in the prior year, the firm posted $2.93 EPS. Analysts forecast that Microsoft Co. will post 13.08 earnings per share for the current year.

Microsoft Announces Dividend

The firm 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 annualized dividend and a dividend yield of 0.89%. Microsoft’s dividend payout ratio is presently 26.73%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on MSFT shares. Morgan Stanley cut their target price on shares of Microsoft from $530.00 to $472.00 and set an “overweight” rating for the company in a research note on Wednesday, April 16th. Barclays cut their price objective on Microsoft from $475.00 to $430.00 and set an “overweight” rating for the company in a research report on Monday. Cantor Fitzgerald restated an “overweight” rating and set a $509.00 target price on shares of Microsoft in a report on Wednesday, January 29th. Wedbush lowered their target price on Microsoft from $550.00 to $475.00 and set an “outperform” rating for the company in a research note on Thursday, April 10th. Finally, StockNews.com downgraded shares of Microsoft from a “buy” rating to a “hold” rating in a research report on Friday, February 28th. Five research analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the stock. According to MarketBeat, Microsoft has an average rating of “Moderate Buy” and an average price target of $494.80.

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.