Microsoft Co. (NASDAQ:MSFT) is Hendley & Co. Inc.’s 3rd Largest Position

Hendley & Co. Inc. cut its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 0.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 48,987 shares of the software giant’s stock after selling 123 shares during the period. Microsoft accounts for 7.2% of Hendley & Co. Inc.’s portfolio, making the stock its 3rd biggest position. Hendley & Co. Inc.’s holdings in Microsoft were worth $20,648,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. WFA Asset Management Corp boosted its stake in shares of Microsoft by 27.0% during the 1st quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant’s stock valued at $427,000 after purchasing an additional 216 shares in the last quarter. Ironwood Wealth Management LLC. lifted its holdings in Microsoft by 0.3% in the second 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. Discipline Wealth Solutions LLC boosted its position in Microsoft by 410.4% during the 3rd quarter. Discipline Wealth Solutions LLC now owns 2,659 shares of the software giant’s stock valued at $1,144,000 after acquiring an additional 2,138 shares in the last quarter. Swedbank AB grew its holdings in shares of Microsoft by 0.4% during the 3rd quarter. Swedbank AB now owns 13,689,356 shares of the software giant’s stock worth $5,890,530,000 after acquiring an additional 49,288 shares during the period. Finally, Pettinga Financial Advisors LLC raised its position in shares of Microsoft by 1.4% in the 3rd quarter. Pettinga Financial Advisors LLC now owns 7,749 shares of the software giant’s stock worth $3,334,000 after acquiring an additional 109 shares in the last quarter. Institutional investors own 71.13% of the company’s stock.

Wall Street Analyst Weigh In

MSFT has been the topic of several research reports. KeyCorp restated a “sector weight” rating on shares of Microsoft in a research report on Thursday, April 17th. Bank of America reduced their target price on shares of Microsoft from $510.00 to $480.00 and set a “buy” rating on the stock in a research report on Tuesday, April 15th. The Goldman Sachs Group lowered their price target on shares of Microsoft from $500.00 to $450.00 and set a “buy” rating for the company in a research report on Thursday, April 24th. Morgan Stanley cut their price objective on shares of Microsoft from $530.00 to $472.00 and set an “overweight” rating on the stock in a report on Wednesday, April 16th. Finally, StockNews.com lowered shares of Microsoft from a “buy” rating to a “hold” rating in a report on Friday, February 28th. Five research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $493.89.

Microsoft Trading Up 0.3 %

NASDAQ:MSFT opened at $395.26 on Thursday. The company has a 50 day simple moving average of $383.76 and a two-hundred day simple moving average of $410.91. The company has a market cap of $2.94 trillion, a PE ratio of 31.82, a price-to-earnings-growth ratio of 2.21 and a beta of 1.00. 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 posted its quarterly earnings data on Wednesday, April 30th. The software giant reported $3.46 EPS for the quarter, beating analysts’ consensus estimates of $3.22 by $0.24. The company had revenue of $70.07 billion during the quarter, compared to analysts’ expectations of $68.54 billion. Microsoft had a return on equity of 33.36% and a net margin of 35.43%. Microsoft’s revenue for the quarter was up 13.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.94 earnings per share. Research analysts forecast that Microsoft Co. will post 13.08 earnings per share for the current year.

Microsoft Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Thursday, May 15th will be given a dividend of $0.83 per share. The ex-dividend date is Thursday, May 15th. This represents a $3.32 annualized dividend and a yield of 0.84%. Microsoft’s dividend payout ratio (DPR) 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.