Fingerlakes Wealth Management Inc. Sells 46 Shares of Microsoft Co. (NASDAQ:MSFT)

Fingerlakes Wealth Management Inc. lessened its stake in Microsoft Co. (NASDAQ:MSFT) by 0.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,264 shares of the software giant’s stock after selling 46 shares during the period. Microsoft accounts for about 1.8% of Fingerlakes Wealth Management Inc.’s portfolio, making the stock its 19th largest position. Fingerlakes Wealth Management Inc.’s holdings in Microsoft were worth $2,219,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in MSFT. Private Advisor Group LLC boosted its stake in shares of Microsoft by 1.5% during the fourth quarter. Private Advisor Group LLC now owns 600,392 shares of the software giant’s stock valued at $253,066,000 after purchasing an additional 8,889 shares in the last quarter. Parker Financial LLC raised its position in shares of Microsoft by 1.4% in the 4th quarter. Parker Financial LLC now owns 3,293 shares of the software giant’s stock worth $1,388,000 after acquiring an additional 47 shares in the last quarter. Keene & Associates Inc. boosted its position in Microsoft by 1.4% during the fourth quarter. Keene & Associates Inc. now owns 10,151 shares of the software giant’s stock valued at $4,278,000 after purchasing an additional 143 shares in the last quarter. Financial Perspectives Inc raised its holdings in Microsoft by 1.6% in the fourth quarter. Financial Perspectives Inc now owns 33,537 shares of the software giant’s stock worth $14,136,000 after purchasing an additional 541 shares in the last quarter. Finally, Alberta Investment Management Corp boosted its holdings in shares of Microsoft by 98.6% in the 4th quarter. Alberta Investment Management Corp now owns 230,035 shares of the software giant’s stock valued at $96,960,000 after buying an additional 114,179 shares in the last quarter. 71.13% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on MSFT. Scotiabank began coverage on Microsoft in a report on Thursday, March 20th. They set a “sector outperform” rating and a $470.00 price objective for the company. Wedbush cut their price objective on shares of Microsoft from $550.00 to $475.00 and set an “outperform” rating on the stock in a report on Thursday, April 10th. Guggenheim reiterated a “neutral” rating on shares of Microsoft in a research note on Wednesday. Stifel Nicolaus decreased their price target on shares of Microsoft from $515.00 to $475.00 and set a “buy” rating for the company in a report on Friday, March 7th. Finally, UBS Group dropped their price objective on shares of Microsoft from $510.00 to $480.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Five analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $494.80.

Microsoft Price Performance

Microsoft stock opened at $374.58 on Thursday. The stock has a market cap of $2.78 trillion, a P/E ratio of 30.16, a price-to-earnings-growth ratio of 2.21 and a beta of 1.00. The company has a fifty day simple moving average of $385.70 and a 200-day simple moving average of $411.70. 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 Co. has a 12-month low of $344.79 and a 12-month high of $468.35.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share (EPS) 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 period in the prior year, the business earned $2.93 earnings per share. Equities analysts expect that Microsoft Co. will post 13.08 EPS 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 $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a yield of 0.89%. 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.