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

Freedom Day Solutions LLC trimmed its stake in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) by 12.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,351 shares of the software giant's stock after selling 2,418 shares during the period. Microsoft comprises about 2.1% of Freedom Day Solutions LLC's holdings, making the stock its 6th biggest holding. Freedom Day Solutions LLC's holdings in Microsoft were worth $6,892,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Fiduciary Advisors Inc. bought a new position in shares of Microsoft in the 4th quarter valued at approximately $38,000. IFS Advisors LLC lifted its stake in shares of Microsoft by 53.8% in the fourth 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 last quarter. Avondale Wealth Management grew its stake in Microsoft by 144.4% in the 4th quarter. Avondale Wealth Management now owns 110 shares of the software giant's stock valued at $46,000 after buying an additional 65 shares during the last quarter. MidAtlantic Capital Management Inc. bought a new position in Microsoft in the 3rd quarter worth $62,000. Finally, Kieckhefer Group LLC acquired a new position in Microsoft during the 4th quarter worth $141,000. Hedge funds and other institutional investors own 71.13% of the company's stock.

Microsoft Trading Up 1.2 %

Microsoft stock traded up $4.55 during midday trading on Friday, hitting $391.85. 18,959,931 shares of the stock were exchanged, compared to its average volume of 21,169,050. 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 stock has a market capitalization of $2.91 trillion, a PE ratio of 31.55, a P/E/G ratio of 2.21 and a beta of 1.00. The company has a fifty day simple moving average of $384.93 and a two-hundred day simple moving average of $411.34.

Microsoft (NASDAQ:MSFT - Get Free Report) last announced its quarterly earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share (EPS) for the quarter, beating 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 last year, the business posted $2.93 earnings per share. Equities research 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 issued a dividend of $0.83 per share. The ex-dividend date is Thursday, May 15th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.85%. Microsoft's payout ratio is presently 26.73%.

Analysts Set New Price Targets

A number of research firms have recently commented on MSFT. DA Davidson upgraded Microsoft from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $425.00 to $450.00 in a research note on Thursday, March 13th. The Goldman Sachs Group reduced their price objective on Microsoft from $500.00 to $450.00 and set a "buy" rating for the company in a research report on Thursday. BMO Capital Markets decreased their price objective on Microsoft from $490.00 to $470.00 and set an "outperform" rating on the stock in a report on Wednesday, April 16th. KeyCorp restated a "sector weight" rating on shares of Microsoft in a research note on Thursday, April 17th. Finally, Wedbush lowered their price target on shares of Microsoft from $550.00 to $475.00 and set an "outperform" rating on the stock in a report on Thursday, April 10th. Five analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the stock. According to MarketBeat.com, Microsoft currently has an average rating of "Moderate Buy" and a consensus price target of $493.89.

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.