Mengis Capital Management Inc. Sells 9,825 Shares of Microsoft Co. (NASDAQ:MSFT)

Mengis Capital Management Inc. lessened its holdings in Microsoft Co. (NASDAQ:MSFT - Free Report) by 12.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 70,626 shares of the software giant's stock after selling 9,825 shares during the period. Microsoft accounts for 6.1% of Mengis Capital Management Inc.'s holdings, making the stock its 2nd biggest position. Mengis Capital Management Inc.'s holdings in Microsoft were worth $29,769,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MSFT. Muirfield Wealth Advisors LLC boosted its stake in shares of Microsoft by 0.5% during the fourth quarter. Muirfield Wealth Advisors LLC now owns 4,427 shares of the software giant's stock valued at $1,866,000 after purchasing an additional 24 shares in the last quarter. Retirement Financial Solutions LLC boosted its position in Microsoft by 2.3% during the 4th quarter. Retirement Financial Solutions LLC now owns 1,050 shares of the software giant's stock worth $443,000 after buying an additional 24 shares during the period. Sequent Asset Management LLC grew its holdings in Microsoft by 1.3% during the 3rd quarter. Sequent Asset Management LLC now owns 1,983 shares of the software giant's stock worth $853,000 after acquiring an additional 25 shares during the last quarter. Cypress Point Wealth Management LLC raised its stake in shares of Microsoft by 0.8% during the third quarter. Cypress Point Wealth Management LLC now owns 3,208 shares of the software giant's stock valued at $1,380,000 after acquiring an additional 25 shares during the last quarter. Finally, Riverstone Advisors LLC lifted its holdings in shares of Microsoft by 0.6% during the third quarter. Riverstone Advisors LLC now owns 4,510 shares of the software giant's stock worth $1,941,000 after purchasing an additional 25 shares during the period. 71.13% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

MSFT has been the subject of several analyst reports. DA Davidson raised Microsoft from a "neutral" rating to a "buy" rating and raised their target price for the stock from $425.00 to $450.00 in a research report on Thursday, March 13th. Wells Fargo & Company cut their price objective on Microsoft from $515.00 to $500.00 and set an "overweight" rating on the stock in a research note on Monday, April 14th. Morgan Stanley decreased their target price on shares of Microsoft from $530.00 to $472.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. KeyCorp restated a "sector weight" rating on shares of Microsoft in a research report on Thursday, April 17th. Finally, The Goldman Sachs Group lowered their target price on shares of Microsoft from $500.00 to $450.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. Five research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $493.89.

Microsoft Stock Up 0.3 %

Microsoft stock opened at $395.26 on Thursday. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.13. The firm's fifty day moving average price is $383.76 and its two-hundred day moving average price is $410.91. The firm has a market capitalization of $2.94 trillion, a price-to-earnings ratio of 31.82, a price-to-earnings-growth ratio of 2.21 and a beta of 1.00. Microsoft Co. has a 1-year low of $344.79 and a 1-year high of $468.35.

Microsoft (NASDAQ:MSFT - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The software giant reported $3.46 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.22 by $0.24. Microsoft had a return on equity of 33.36% and a net margin of 35.43%. The business had revenue of $70.07 billion during the quarter, compared to the consensus estimate of $68.54 billion. During the same quarter in the previous year, the business earned $2.94 EPS. The company's quarterly revenue was up 13.3% on a year-over-year basis. On average, equities research analysts predict that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

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

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