Tobam Has $1.98 Million Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

Tobam trimmed its position in shares of Microsoft Co. (NASDAQ:MSFT) by 19.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,692 shares of the software giant’s stock after selling 1,149 shares during the quarter. Tobam’s holdings in Microsoft were worth $1,978,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Fiduciary Advisors Inc. bought a new stake in shares of Microsoft in the fourth quarter worth about $38,000. IFS Advisors LLC increased its stake in 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 purchasing an additional 35 shares in the last quarter. Avondale Wealth Management raised its holdings in 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. bought a new position in Microsoft in the third quarter valued at approximately $62,000. Finally, Kieckhefer Group LLC acquired a new position in shares of Microsoft in the fourth quarter valued at approximately $141,000. Institutional investors and hedge funds own 71.13% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on MSFT. Piper Sandler reaffirmed an “overweight” rating and issued a $520.00 price objective on shares of Microsoft in a research report on Monday, January 27th. Loop Capital lifted their target price on Microsoft from $500.00 to $550.00 and gave the company a “buy” rating in a research report on Monday, December 23rd. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $509.00 price target on shares of Microsoft in a research report on Wednesday, January 29th. Westpark Capital began coverage on shares of Microsoft in a report on Tuesday. They issued a “hold” rating on the stock. Finally, DA Davidson raised shares of Microsoft from a “neutral” rating to a “buy” rating and raised their target price for the company from $425.00 to $450.00 in a research report on Thursday, March 13th. Four investment analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company. According to MarketBeat, Microsoft presently has a consensus rating of “Moderate Buy” and a consensus price target of $508.86.

Microsoft Price Performance

Shares of NASDAQ:MSFT opened at $359.84 on Friday. The firm has a 50 day moving average of $399.08 and a 200-day moving average of $417.40. Microsoft Co. has a 12 month low of $359.48 and a 12 month high of $468.35. 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 stock has a market capitalization of $2.68 trillion, a PE ratio of 28.97, a PEG ratio of 2.21 and a beta of 1.00.

Microsoft (NASDAQ:MSFT) last released 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 firm earned $2.93 earnings per share. On average, equities research analysts predict that Microsoft Co. will post 13.08 EPS for the current fiscal year.

Microsoft Dividend Announcement

The firm also recently announced 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 0.92%. The ex-dividend date of this dividend is Thursday, May 15th. Microsoft’s payout ratio is 26.73%.

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.