Ibex Wealth Advisors reduced its stake in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) by 99.9% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 71 shares of the software giant's stock after selling 69,305 shares during the period. Microsoft makes up 5.9% of Ibex Wealth Advisors' investment portfolio, making the stock its 2nd biggest position. Ibex Wealth Advisors' holdings in Microsoft were worth $27,000 as of its most recent filing with the SEC.
A number of other institutional investors have also added to or reduced their stakes in MSFT. Morris Financial Concepts Inc. grew its stake in shares of Microsoft by 0.9% in the fourth quarter. Morris Financial Concepts Inc. now owns 2,663 shares of the software giant's stock worth $1,001,000 after acquiring an additional 25 shares during the last quarter. Sicart Associates LLC grew its position in Microsoft by 2.9% during the 4th quarter. Sicart Associates LLC now owns 926 shares of the software giant's stock valued at $348,000 after purchasing an additional 26 shares during the last quarter. Capital Wealth Management LLC increased its stake in Microsoft by 1.7% during the 4th quarter. Capital Wealth Management LLC now owns 1,592 shares of the software giant's stock valued at $599,000 after purchasing an additional 26 shares in the last quarter. Mayfair Advisory Group LLC raised its holdings in Microsoft by 0.7% in the fourth quarter. Mayfair Advisory Group LLC now owns 3,866 shares of the software giant's stock worth $1,434,000 after buying an additional 27 shares during the last quarter. Finally, Triton Wealth Management PLLC lifted its stake in shares of Microsoft by 0.5% in the fourth quarter. Triton Wealth Management PLLC now owns 5,864 shares of the software giant's stock worth $2,167,000 after buying an additional 28 shares in the last quarter. Institutional investors own 71.13% of the company's stock.
Microsoft Price Performance
Microsoft stock traded up $2.42 during midday trading on Friday, reaching $414.74. 13,396,016 shares of the stock traded hands, compared to its average volume of 20,794,294. The stock has a market cap of $3.08 trillion, a P/E ratio of 35.91, a PEG ratio of 2.18 and a beta of 0.89. The stock's fifty day moving average is $413.87 and its 200-day moving average is $392.31. The company has a quick ratio of 1.23, a current ratio of 1.24 and a debt-to-equity ratio of 0.17. Microsoft Co. has a 12 month low of $306.26 and a 12 month high of $430.82.
Microsoft (NASDAQ:MSFT - Get Free Report) last posted its quarterly earnings data on Thursday, April 25th. The software giant reported $2.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.81 by $0.13. Microsoft had a return on equity of 37.54% and a net margin of 36.43%. The business had revenue of $61.86 billion during the quarter, compared to analyst estimates of $60.86 billion. During the same period last year, the company earned $2.45 EPS. The company's revenue for the quarter was up 17.0% on a year-over-year basis. As a group, equities research analysts anticipate that Microsoft Co. will post 11.76 EPS for the current year.
Microsoft Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 13th. Stockholders of record on Thursday, May 16th will be issued a $0.75 dividend. The ex-dividend date is Wednesday, May 15th. This represents a $3.00 annualized dividend and a dividend yield of 0.72%. Microsoft's payout ratio is 25.97%.
Insider Buying and Selling
In other Microsoft news, major shareholder Corp Microsoft sold 1,000,000 shares of the stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $1.95, for a total value of $1,950,000.00. Following the sale, the insider now owns 11,677,398 shares in the company, valued at $22,770,926.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Microsoft news, EVP Kathleen T. Hogan sold 21,955 shares of Microsoft stock in a transaction on Monday, March 11th. The stock was sold at an average price of $403.96, for a total transaction of $8,868,941.80. Following the completion of the sale, the executive vice president now directly owns 159,764 shares of the company's stock, valued at approximately $64,538,265.44. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Corp Microsoft sold 1,000,000 shares of the stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $1.95, for a total value of $1,950,000.00. Following the transaction, the insider now directly owns 11,677,398 shares in the company, valued at approximately $22,770,926.10. The disclosure for this sale can be found here. 0.03% of the stock is owned by corporate insiders.
Wall Street Analyst Weigh In
MSFT has been the subject of several analyst reports. Piper Sandler reissued an "overweight" rating and set a $465.00 price target (up previously from $455.00) on shares of Microsoft in a research report on Friday, April 26th. Macquarie increased their price objective on Microsoft from $430.00 to $450.00 and gave the company an "outperform" rating in a research report on Wednesday, January 31st. BMO Capital Markets boosted their target price on Microsoft from $455.00 to $465.00 and gave the stock an "outperform" rating in a research report on Friday, April 12th. KeyCorp assumed coverage on shares of Microsoft in a report on Thursday, March 21st. They set an "overweight" rating and a $490.00 price target on the stock. Finally, Stifel Nicolaus reissued a "buy" rating and set a $455.00 price objective on shares of Microsoft in a report on Monday, April 22nd. Three analysts have rated the stock with a hold rating and thirty-two have assigned a buy rating to the stock. Based on data from MarketBeat.com, Microsoft has an average rating of "Moderate Buy" and an average target price of $452.61.
Check Out Our Latest Research Report on Microsoft
About Microsoft
(
Free Report)
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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