Microsoft Co. (NASDAQ:MSFT) Shares Sold by Schneider Downs Wealth Management Advisors LP

Schneider Downs Wealth Management Advisors LP lowered its position in shares of Microsoft Co. (NASDAQ:MSFT) by 0.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 23,180 shares of the software giant’s stock after selling 173 shares during the quarter. Microsoft accounts for approximately 1.8% of Schneider Downs Wealth Management Advisors LP’s investment portfolio, making the stock its 13th largest position. Schneider Downs Wealth Management Advisors LP’s holdings in Microsoft were worth $9,770,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Assenagon Asset Management S.A. boosted its holdings in shares of Microsoft by 76.6% in the fourth quarter. Assenagon Asset Management S.A. now owns 10,532,402 shares of the software giant’s stock worth $4,439,407,000 after buying an additional 4,568,539 shares during the period. Geode Capital Management LLC increased its stake in Microsoft by 2.0% in the 3rd quarter. Geode Capital Management LLC now owns 165,024,812 shares of the software giant’s stock valued at $70,790,682,000 after buying an additional 3,264,648 shares during the period. Baillie Gifford & Co. lifted its position in Microsoft by 46.1% in the 3rd quarter. Baillie Gifford & Co. now owns 7,048,244 shares of the software giant’s stock worth $3,032,859,000 after buying an additional 2,222,483 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Microsoft by 4.1% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 54,590,791 shares of the software giant’s stock valued at $23,490,417,000 after buying an additional 2,125,030 shares during the period. Finally, Strategic Financial Concepts LLC grew its holdings in shares of Microsoft by 43,900.4% during the 4th quarter. Strategic Financial Concepts LLC now owns 2,042,499 shares of the software giant’s stock valued at $860,913,000 after acquiring an additional 2,037,857 shares in the last quarter. 71.13% of the stock is currently owned by institutional investors.

Microsoft Trading Up 2.3 %

Shares of MSFT stock opened at $435.28 on Friday. 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 firm has a fifty day moving average of $384.93 and a 200-day moving average of $411.07. Microsoft Co. has a 52-week low of $344.79 and a 52-week high of $468.35. The stock has a market cap of $3.24 trillion, a price-to-earnings ratio of 35.05, a P/E/G ratio of 2.21 and a beta of 1.00.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings results on Wednesday, April 30th. The software giant reported $3.46 EPS for the quarter, topping analysts’ consensus estimates of $3.22 by $0.24. The firm had revenue of $70.07 billion during the quarter, compared to analysts’ expectations of $68.54 billion. Microsoft had a net margin of 35.43% and a return on equity of 33.36%. The company’s revenue for the quarter was up 13.3% compared to the same quarter last year. During the same quarter last year, the company earned $2.94 earnings per share. On average, equities research analysts forecast that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Thursday, May 15th will be paid a $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 0.76%. The ex-dividend date is Thursday, May 15th. Microsoft’s dividend payout ratio is 26.73%.

Analysts Set New Price Targets

MSFT has been the topic of several research reports. Jefferies Financial Group upped their target price on Microsoft from $475.00 to $550.00 and gave the stock a “buy” rating in a research report on Thursday. Scotiabank boosted their price target on Microsoft from $470.00 to $500.00 and gave the stock a “sector outperform” rating in a research report on Thursday. KeyCorp restated a “sector weight” rating on shares of Microsoft in a report on Thursday, April 17th. BMO Capital Markets increased their price target on Microsoft from $470.00 to $485.00 and gave the company an “outperform” rating in a report on Thursday. Finally, Morgan Stanley upped their price objective on shares of Microsoft from $472.00 to $482.00 and gave the stock an “overweight” rating in a report on Thursday. Six research analysts have rated the stock with a hold rating and thirty have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $507.77.

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.