Atlanta Consulting Group Advisors LLC Reduces Holdings in Microsoft Co. (NASDAQ:MSFT)

Atlanta Consulting Group Advisors LLC cut its stake in Microsoft Co. (NASDAQ:MSFT - Free Report) by 20.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 21,354 shares of the software giant's stock after selling 5,490 shares during the period. Microsoft accounts for about 3.3% of Atlanta Consulting Group Advisors LLC's investment portfolio, making the stock its 7th biggest position. Atlanta Consulting Group Advisors LLC's holdings in Microsoft were worth $9,001,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of MSFT. Fiduciary Advisors Inc. acquired a new stake in shares of Microsoft during the 4th quarter worth approximately $38,000. IFS Advisors LLC grew its position in shares of Microsoft by 53.8% during the 4th quarter. IFS Advisors LLC now owns 100 shares of the software giant's stock worth $42,000 after buying an additional 35 shares during the period. Avondale Wealth Management grew its position in shares of Microsoft by 144.4% during the 4th quarter. Avondale Wealth Management now owns 110 shares of the software giant's stock worth $46,000 after buying an additional 65 shares during the period. MidAtlantic Capital Management Inc. acquired a new stake in shares of Microsoft during the 3rd quarter worth approximately $62,000. Finally, Fairway Wealth LLC acquired a new stake in shares of Microsoft during the 4th quarter worth approximately $62,000. 71.13% of the stock is owned by institutional investors.

Microsoft Stock Up 2.3%

MSFT traded up $10.51 during trading on Tuesday, reaching $460.69. The company had a trading volume of 20,934,295 shares, compared to its average volume of 21,585,433. The business's fifty day moving average price is $405.09 and its 200 day moving average price is $414.29. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.34. The company has a market cap of $3.42 trillion, a P/E ratio of 37.09, a PEG ratio of 2.21 and a beta of 0.99. Microsoft Co. has a 12 month low of $344.79 and a 12 month high of $468.35.

Microsoft (NASDAQ:MSFT - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $70.07 billion for the quarter, compared to analyst estimates of $68.54 billion. Microsoft had a net margin of 35.43% and a return on equity of 33.36%. The firm's revenue for the quarter was up 13.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.94 earnings per share. Equities analysts anticipate that Microsoft Co. will post 13.08 EPS for the current year.

Microsoft Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 15th will be given a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date of this dividend is Thursday, May 15th. Microsoft's dividend payout ratio is presently 25.66%.

Insider Transactions at Microsoft

In other news, insider Bradford L. Smith sold 6,000 shares of the business's stock in a transaction on Monday, May 5th. The shares were sold at an average price of $433.17, for a total value of $2,599,020.00. Following the sale, the insider now owns 471,036 shares of the company's stock, valued at $204,038,664.12. The trade was a 1.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Kathleen T. Hogan sold 21,500 shares of the business's stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $453.77, for a total transaction of $9,756,055.00. Following the completion of the sale, the executive vice president now directly owns 134,888 shares in the company, valued at approximately $61,208,127.76. This represents a 13.75% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 131,743 shares of company stock valued at $58,375,673 over the last 90 days. 0.03% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Bank of America lowered their price target on shares of Microsoft from $510.00 to $480.00 and set a "buy" rating for the company in a research report on Tuesday, April 15th. Stifel Nicolaus lifted their price target on shares of Microsoft from $475.00 to $500.00 and gave the stock a "buy" rating in a research report on Thursday, May 1st. Barclays lifted their price target on shares of Microsoft from $430.00 to $494.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st. UBS Group decreased their price objective on shares of Microsoft from $510.00 to $480.00 and set a "buy" rating for the company in a report on Monday, April 14th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Microsoft from $465.00 to $475.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. Four investment analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the stock. According to data from MarketBeat, Microsoft currently has an average rating of "Moderate Buy" and a consensus price target of $513.13.

Microsoft Company 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.