Mattern Capital Management LLC Has $16.41 Million Stake in Microsoft Co. (NASDAQ:MSFT)

Mattern Capital Management LLC grew its stake in Microsoft Co. (NASDAQ:MSFT) by 0.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 38,932 shares of the software giant’s stock after buying an additional 337 shares during the quarter. Microsoft makes up 2.1% of Mattern Capital Management LLC’s portfolio, making the stock its 2nd biggest holding. Mattern Capital Management LLC’s holdings in Microsoft were worth $16,410,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. WFA Asset Management Corp increased its stake in shares of Microsoft by 27.0% in the first quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant’s stock worth $427,000 after purchasing an additional 216 shares in the last quarter. Ironwood Wealth Management LLC. boosted its holdings in Microsoft by 0.3% in the 2nd quarter. Ironwood Wealth Management LLC. now owns 12,658 shares of the software giant’s stock worth $5,658,000 after buying an additional 38 shares during the period. AMF Tjanstepension AB boosted its holdings in Microsoft by 1.8% in the 3rd quarter. AMF Tjanstepension AB now owns 2,799,261 shares of the software giant’s stock worth $1,204,664,000 after buying an additional 49,735 shares during the period. Discipline Wealth Solutions LLC increased its stake in Microsoft by 410.4% in the 3rd quarter. Discipline Wealth Solutions LLC now owns 2,659 shares of the software giant’s stock worth $1,144,000 after buying an additional 2,138 shares in the last quarter. Finally, Swedbank AB raised its holdings in Microsoft by 0.4% during the third quarter. Swedbank AB now owns 13,689,356 shares of the software giant’s stock valued at $5,890,530,000 after acquiring an additional 49,288 shares during the period. Institutional investors own 71.13% of the company’s stock.

Microsoft Stock Performance

Shares of MSFT stock opened at $387.30 on Friday. The firm has a market cap of $2.88 trillion, a price-to-earnings ratio of 31.18, 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 quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. The company’s 50 day moving average is $385.28 and its 200 day moving average is $411.53.

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 firm posted $2.93 EPS. On average, sell-side analysts anticipate 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. Investors 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 dividend yield of 0.86%. Microsoft’s dividend payout ratio (DPR) is presently 26.73%.

Wall Street Analysts Forecast Growth

MSFT has been the subject of several research analyst reports. The Goldman Sachs Group cut their target price on Microsoft from $500.00 to $450.00 and set a “buy” rating for the company in a research report on Thursday. Westpark Capital began coverage on shares of Microsoft in a research report on Tuesday, April 1st. They set a “hold” rating on the stock. Scotiabank started coverage on shares of Microsoft in a report on Thursday, March 20th. They issued a “sector outperform” rating and a $470.00 target price on the stock. Stifel Nicolaus cut their target price on shares of Microsoft from $515.00 to $475.00 and set a “buy” rating for the company in a research note on Friday, March 7th. Finally, Barclays decreased their price target on shares of Microsoft from $475.00 to $430.00 and set an “overweight” rating on the stock in a research note on Monday. Five investment analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $493.13.

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.