Essex LLC Reduces Stake in Microsoft Co. (NASDAQ:MSFT)

Essex LLC lessened its stake in shares of Microsoft Co. (NASDAQ:MSFT – Free Report) by 3.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission.

The firm owned 15,709 shares of the software giant’s stock after selling 569 shares during the period. Microsoft accounts for approximately 1.4% of Essex LLC’s portfolio, making the stock its 15th biggest position.



Essex LLC’s holdings in Microsoft were worth $6,621,000 at the end of the most recent reporting period. Other institutional investors and hedge funds have also recently modified their holdings of the company. Net Worth Advisory Group purchased a new stake in Microsoft in the third quarter valued at $2,645,000.

Adamsbrown Wealth Consultants LLC increased its position in shares of Microsoft by 2.2% during the 4th quarter. Adamsbrown Wealth Consultants LLC now owns 5,967 shares of the software giant’s stock worth $2,515,000 after purchasing an additional 130 shares during the last quarter.

Oak Ridge Investments LLC raised its holdings in Microsoft by 7.6% in the 3rd quarter. Oak Ridge Investments LLC now owns 263,534 shares of the software giant’s stock valued at $113,399,000 after buying an additional 18,544 shares during the period.

Focus Financial Network Inc. raised its holdings in Microsoft by 2.0% in the 3rd quarter.

Focus Financial Network Inc. now owns 76,296 shares of the software giant’s stock valued at $32,830,000 after buying an additional 1,489 shares during the period. Finally, Campbell Wealth Management acquired a new position in Microsoft in the third quarter valued at about $3,314,000.

Institutional investors and hedge funds own 71.13% of the company’s stock. Microsoft Stock Down 0.

6 %Shares of NASDAQ MSFT opened at $357.86 on Tuesday. The stock has a market cap of $2.

66 trillion, a PE ratio of 28.81, a price-to-earnings-growth ratio of 2.21 and a beta of 1.

00. Microsoft Co. has a 52-week low of $344.

79 and a 52-week high of $468.35. The business has a 50-day moving average price of $397.

55 and a 200 day moving average price of $416.67. The company has a quick ratio of 1.

34, a current ratio of 1.35 and a debt-to-equity ratio of 0.13.

Microsoft (NASDAQ:MSFT – Get Free Report) last announced its earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 quarter last year, the firm earned $2.

93 EPS. Equities research analysts forecast that Microsoft Co. will post 13.

08 earnings per share for the current year. Microsoft Announces DividendThe firm also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 15th will be issued a $0.

83 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.

32 dividend on an annualized basis and a dividend yield of 0.93%. Microsoft’s payout ratio is 26.

73%. Analyst Upgrades and DowngradesA number of equities research analysts have recently issued reports on MSFT shares. Wedbush reissued an “outperform” rating and issued a $550.

00 price target on shares of Microsoft in a research note on Thursday, March 20th. DA Davidson raised Microsoft from a “neutral” rating to a “buy” rating and boosted their target price for the company from $425.00 to $450.

00 in a research report on Thursday, March 13th. Tigress Financial raised their price target on Microsoft from $550.00 to $595.

00 and gave the stock a “buy” rating in a research report on Thursday, March 20th. Morgan Stanley decreased their target price on Microsoft from $540.00 to $530.

00 and set an “overweight” rating on the stock in a research note on Thursday, January 30th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $500.00 target price on shares of Microsoft in a research report on Thursday, January 30th.

Four investment analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $508.00.

Read Our Latest Analysis on MSFTMicrosoft Company Profile (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.Read MoreFive stocks we like better than MicrosoftDividend King Proctor & Gamble Is A Buy On Post-Earnings Weakness Options Activity Points to More Volatility for Palantir StockHow to Use Stock Screeners to Find StocksNVIDIA Stock: Oversold, Undervalued — How Low Can It Go?Financial Services Stocks InvestingMicroStrategy Sees Insider Buy-Sell Action in Q1Want to see what other hedge funds are holding MSFT? Visit HoldingsChannel.

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