RW Roge & Company Inc. reduced its position in Microsoft Corporation (NASDAQ:MSFT – Free Report) by 7.7% in the third quarter, according to the company’s latest 13F filing with the Securities and Exchange Commission (SEC). thing. The fund now owns 3,551 shares of the software giant’s stock after selling 297 shares during the period. Microsoft accounts for about 0.9% of his holdings in RW Roge & Company Inc., making it his 19th largest holding. RW Roge & Company Inc.’s Microsoft stock was worth $1,171,000 at the end of the most recent reporting period.
Other hedge funds and institutional investors have also recently bought and sold shares of the company. Adero Partners LLC grew its position in Microsoft by 2.7% in the 2nd quarter. Adero Partners LLC now owns 16,815 shares of the software giant’s stock valued at $5,726,000 after purchasing an additional 435 shares during the last quarter. Cadian Capital Management LP boosted its stake in Microsoft by 15.1% in the 2nd quarter. Cadian Capital Management LP now owns 107,000 shares of the software giant’s stock valued at $36,438,000 after acquiring an additional 14,000 shares during the period. Trivant Custom Portfolio Group LLC grew its stake in Microsoft by 1.2% in the 2nd quarter. Trivant Custom Portfolio Group LLC now owns 19,877 shares of the software giant’s stock valued at $6,769,000 after acquiring an additional 229 shares during the period. Straight Path Wealth Management acquired a new stake in Microsoft in the 2nd quarter valued at $207,000. Finally, CM Bidwell & Associates Ltd. grew its holdings in shares of Microsoft by 5.2% in the 2nd quarter. CM Bidwell & Associates Ltd. now owns 5,075 shares of the software giant’s stock valued at $1,728,000 after acquiring an additional 253 shares during the period. 69.20% of the stock is currently owned by hedge funds and other institutional investors.
Insider buying and selling
In related news, insider Bradford L. Smith sold 3,303 shares of the company’s stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $406.12, for a total transaction of $1,341,414.36. Following the transaction, the insider now directly owns 570,826 shares of the company’s stock, valued at approximately $231,823,855.12. The transaction was disclosed in a filing with the Securities and Exchange Commission, which can be accessed through this hyperlink. In related news, insider Bradford L. Smith sold 3,303 shares of the company’s stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $406.12, for a total transaction of $1,341,414.36. Following the transaction, the insider now directly owns 570,826 shares of the company’s stock, valued at approximately $231,823,855.12. The transaction was disclosed in a filing with the Securities and Exchange Commission, which can be accessed through this hyperlink. Also, Vice President Kathleen T. Hogan sold 24,681 shares of the company’s stock in a transaction on Friday, December 8th. The shares were sold at an average price of $369.00, for a total value of $9,107,289.00. Following the transaction, the executive vice president now directly owns 183,761 shares of the company’s stock, valued at $67,807,809. Disclosures regarding this sale can be found here. Over the past 90 days, insiders have sold 72,984 shares of company stock, valued at $28,978,803. Company insiders own 0.03% of the company’s stock.
Analyst upgrades and downgrades
A number of equity research analysts have commented on MSFT stock. Tigress Financial upped their target price on Microsoft from $433.00 to $475.00 and gave the company a “buy” rating in a report on Wednesday, November 29th. Truist Financial reissued a “buy” rating on shares of Microsoft in a report on Tuesday, January 23rd. Mizuho increased their target price on Microsoft from $420.00 to $450.00 and gave the stock a “buy” rating in a research note on Friday, December 15th. Raymond James increased their target price on Microsoft from $400.00 to $450.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 31st. Finally, StockNews.com downgraded his Microsoft rating from “buy” to “hold” in a research note on Thursday. 4 research analysts have rated the stock with a hold rating and 36 have rated it a buy. The stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $411.06, according to data from MarketBeat.com.
Read the latest MSFT stock report
Microsoft stock falls 0.3%
NASDAQ:MSFT stock opened Friday at $410.34. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.20, and a current ratio of 1.22. Microsoft’s 1-year low is $245.61 and 1-year high is $420.82. The stock has a market capitalization of $3.05 trillion, a P/E ratio of 37.10x, a PEG ratio of 2.19x, and a beta of 0.90x. The stock’s 50-day simple moving average is $392.60 and its 200-day simple moving average is $359.47.
Microsoft (NASDAQ:MSFT – Get a Free Report) last released its earnings results on Tuesday, January 30th. The software giant reported $2.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.76 by $0.17. Microsoft had a return on equity of 38.40% and a net profit margin of 36.27%. The business had revenue of $62.02 billion in the quarter, compared to analyst estimates of $61.14 billion. His EPS for the same business in the same period last year was $2.32. The company’s revenue for the quarter increased 17.6% year over year. Stock analysts expect Microsoft to report earnings per share of $11.63 for the current fiscal year.
Microsoft dividend announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 14th. Investors of record on Thursday, February 15th will be given a dividend of $0.75 per share. This equates to an annual dividend of $3.00 and a yield of 0.73%. The ex-dividend date is Wednesday, February 14th. Microsoft’s dividend payout ratio (DPR) is currently 27.12%.
About Microsoft
(Free report)
Microsoft Corporation develops and supports software, services, devices, and solutions around the world. Productivity and Business Processes delivers Office, Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, Microsoft viva, and Microsoft 365 Copilot. Office consumer services such as Microsoft 365 consumer subscriptions, Office licensed on-premises, and other office services.
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