Hutchens & Kramer Investment Management Group LLC Sells 78 Shares of Microsoft Co. (NASDAQ:MSFT)

Hutchens & Kramer Investment Management Group LLC lowered its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 1.0% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 7,714 shares of the software giant’s stock after selling 78 shares during the period. Microsoft accounts for approximately 1.8% of Hutchens & Kramer Investment Management Group LLC’s holdings, making the stock its 13th largest position. Hutchens & Kramer Investment Management Group LLC’s holdings in Microsoft were worth $3,252,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of MSFT. Christopher J. Hasenberg Inc raised its stake in Microsoft by 35.7% in the 3rd quarter. Christopher J. Hasenberg Inc now owns 95 shares of the software giant’s stock valued at $39,000 after acquiring an additional 25 shares during the period. IFS Advisors LLC increased its holdings in shares of Microsoft by 53.8% in the fourth quarter. IFS Advisors LLC now owns 100 shares of the software giant’s stock valued at $42,000 after purchasing an additional 35 shares during the last quarter. Avondale Wealth Management raised its position in shares of Microsoft by 144.4% in the fourth quarter. Avondale Wealth Management now owns 110 shares of the software giant’s stock valued at $46,000 after purchasing an additional 65 shares during the period. MidAtlantic Capital Management Inc. acquired a new stake in shares of Microsoft during the 3rd quarter worth about $62,000. Finally, Kieckhefer Group LLC bought a new stake in shares of Microsoft during the 4th quarter worth about $141,000. Institutional investors and hedge funds own 71.13% of the company’s stock.

Microsoft Price Performance

NASDAQ:MSFT opened at $387.82 on Thursday. The stock has a 50 day moving average of $410.13 and a two-hundred day moving average of $420.08. Microsoft Co. has a 12 month low of $376.91 and a 12 month high of $468.35. The firm has a market cap of $2.88 trillion, a P/E ratio of 31.23, a price-to-earnings-growth ratio of 2.21 and a beta of 0.92. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.13.

Microsoft (NASDAQ:MSFT) last issued its earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share for the quarter, topping the consensus estimate of $3.15 by $0.08. Microsoft had a return on equity of 33.36% and a net margin of 35.43%. During the same quarter in the previous year, the company posted $2.93 EPS. On average, analysts expect that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Thursday, May 15th will be given a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date of this dividend is Thursday, May 15th. Microsoft’s payout ratio is 26.73%.

Wall Street Analysts Forecast Growth

MSFT has been the subject of a number of research analyst reports. Stifel Nicolaus reduced their price objective on Microsoft from $515.00 to $475.00 and set a “buy” rating for the company in a report on Friday, March 7th. Loop Capital upped their price objective on Microsoft from $500.00 to $550.00 and gave the company a “buy” rating in a report on Monday, December 23rd. UBS Group dropped their target price on Microsoft from $525.00 to $510.00 and set a “buy” rating for the company in a report on Thursday, January 30th. Mizuho decreased their price target on shares of Microsoft from $510.00 to $500.00 and set an “outperform” rating on the stock in a research note on Thursday, January 30th. Finally, Guggenheim reiterated a “neutral” rating on shares of Microsoft in a research note on Friday, January 24th. Three research analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $510.43.

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.