Freedom Day Solutions LLC Has $6.89 Million Position in Microsoft Co. (NASDAQ:MSFT)

Freedom Day Solutions LLC reduced its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 12.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,351 shares of the software giant’s stock after selling 2,418 shares during the period. Microsoft comprises approximately 2.1% of Freedom Day Solutions LLC’s portfolio, making the stock its 6th biggest holding. Freedom Day Solutions LLC’s holdings in Microsoft were worth $6,892,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Fiduciary Advisors Inc. purchased a new stake in shares of Microsoft during the fourth quarter valued at approximately $38,000. IFS Advisors LLC increased its stake in shares of 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 buying an additional 35 shares during the period. Avondale Wealth Management raised its holdings in shares of Microsoft by 144.4% during the fourth quarter. Avondale Wealth Management now owns 110 shares of the software giant’s stock valued at $46,000 after acquiring an additional 65 shares in the last quarter. MidAtlantic Capital Management Inc. purchased a new stake in Microsoft in the third quarter worth $62,000. Finally, Kieckhefer Group LLC purchased a new position in Microsoft during the 4th quarter valued at $141,000. 71.13% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have commented on MSFT. StockNews.com lowered shares of Microsoft from a “buy” rating to a “hold” rating in a report on Friday, February 28th. Royal Bank of Canada restated an “outperform” rating and set a $500.00 price target on shares of Microsoft in a research report on Thursday, January 30th. 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 note on Monday. Bank of America dropped their price target on Microsoft from $510.00 to $480.00 and set a “buy” rating on the stock in a research report on Tuesday, April 15th. Finally, UBS Group reduced their price objective on Microsoft from $510.00 to $480.00 and set a “buy” rating for the company in a research report on Monday, April 14th. Five research analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $494.80.

Microsoft Stock Up 2.1 %

Microsoft stock opened at $374.58 on Thursday. The stock has a market cap of $2.78 trillion, a PE ratio of 30.16, a price-to-earnings-growth ratio of 2.21 and a beta of 1.00. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.34 and a current ratio of 1.35. The stock has a fifty day moving average of $385.70 and a 200 day moving average of $411.70. Microsoft Co. has a one year low of $344.79 and a one year high of $468.35.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings data on Wednesday, January 29th. The software giant reported $3.23 earnings per share for the quarter, topping the consensus estimate 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 in the previous year, the firm posted $2.93 EPS. As a group, sell-side analysts predict that Microsoft Co. will post 13.08 EPS for the current year.

Microsoft Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 15th will be paid 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 (DPR) is 26.73%.

About Microsoft

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.