Werba Rubin Papier Wealth Management Sells 1,458 Shares of Microsoft Co. (NASDAQ:MSFT)

Werba Rubin Papier Wealth Management trimmed its position in Microsoft Co. (NASDAQ:MSFT) by 14.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,307 shares of the software giant’s stock after selling 1,458 shares during the period. Microsoft makes up approximately 1.0% of Werba Rubin Papier Wealth Management’s investment portfolio, making the stock its 16th largest holding. Werba Rubin Papier Wealth Management’s holdings in Microsoft were worth $3,713,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of MSFT. Ausdal Financial Partners Inc. increased its stake in Microsoft by 11.6% in the 2nd quarter. Ausdal Financial Partners Inc. now owns 28,553 shares of the software giant’s stock valued at $12,762,000 after buying an additional 2,959 shares during the last quarter. Triasima Portfolio Management inc. grew its holdings in shares of Microsoft by 19.1% in the 2nd quarter. Triasima Portfolio Management inc. now owns 17,208 shares of the software giant’s stock valued at $7,691,000 after acquiring an additional 2,759 shares in the last quarter. Ballentine Partners LLC increased its position in shares of Microsoft by 3.6% in the second quarter. Ballentine Partners LLC now owns 170,283 shares of the software giant’s stock valued at $76,108,000 after acquiring an additional 5,875 shares during the last quarter. Ellis Investment Partners LLC increased its position in shares of Microsoft by 7.3% in the second quarter. Ellis Investment Partners LLC now owns 9,315 shares of the software giant’s stock valued at $4,163,000 after acquiring an additional 636 shares during the last quarter. Finally, MRA Advisory Group raised its holdings in Microsoft by 0.7% during the second quarter. MRA Advisory Group now owns 17,182 shares of the software giant’s stock worth $7,679,000 after acquiring an additional 113 shares in the last quarter. Institutional investors own 71.13% of the company’s stock.

Analyst Upgrades and Downgrades

MSFT has been the topic of several recent analyst reports. BMO Capital Markets boosted their price target on Microsoft from $465.00 to $500.00 and gave the stock an “outperform” rating in a research report on Friday, July 12th. TD Cowen raised their target price on shares of Microsoft from $470.00 to $495.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. Oppenheimer lowered shares of Microsoft from an “outperform” rating to a “market perform” rating in a research report on Tuesday, October 8th. Citigroup decreased their price objective on shares of Microsoft from $500.00 to $497.00 and set a “buy” rating for the company in a research report on Wednesday. Finally, KeyCorp upped their target price on shares of Microsoft from $490.00 to $505.00 and gave the company an “overweight” rating in a report on Friday, October 18th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-eight have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $495.58.

Insider Transactions at Microsoft

In related news, CFO Amy Hood sold 38,000 shares of Microsoft stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $410.55, for a total value of $15,600,900.00. Following the transaction, the chief financial officer now directly owns 496,369 shares of the company’s stock, valued at $203,784,292.95. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, CFO Amy Hood sold 38,000 shares of the stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $410.55, for a total value of $15,600,900.00. Following the completion of the transaction, the chief financial officer now owns 496,369 shares of the company’s stock, valued at approximately $203,784,292.95. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Satya Nadella sold 78,353 shares of the company’s stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $408.63, for a total transaction of $32,017,386.39. Following the transaction, the chief executive officer now owns 864,327 shares of the company’s stock, valued at approximately $353,189,942.01. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 190,629 shares of company stock valued at $77,916,485. Company insiders own 0.03% of the company’s stock.

Microsoft Trading Down 0.7 %

Shares of MSFT stock opened at $424.60 on Thursday. The stock has a 50 day simple moving average of $420.33 and a 200 day simple moving average of $424.56. Microsoft Co. has a 1 year low of $326.94 and a 1 year high of $468.35. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.16. The stock has a market cap of $3.16 trillion, a P/E ratio of 36.76, a price-to-earnings-growth ratio of 2.22 and a beta of 0.90.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings results on Tuesday, July 30th. The software giant reported $2.95 EPS for the quarter, topping analysts’ consensus estimates of $2.90 by $0.05. Microsoft had a return on equity of 35.95% and a net margin of 35.96%. The company had revenue of $64.73 billion for the quarter, compared to analysts’ expectations of $64.38 billion. During the same quarter last year, the business earned $2.69 earnings per share. Microsoft’s revenue was up 15.2% on a year-over-year basis. On average, research analysts predict that Microsoft Co. will post 13.02 earnings per share for the current fiscal year.

Microsoft Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st will be given a $0.83 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This is a boost from Microsoft’s previous quarterly dividend of $0.75. This represents a $3.32 annualized dividend and a dividend yield of 0.78%. Microsoft’s payout ratio is presently 28.74%.

Microsoft declared that its board has initiated a stock repurchase program on Monday, September 16th that permits the company to buyback $60.00 billion in shares. This buyback authorization permits the software giant to reacquire up to 1.9% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board believes its shares are undervalued.

About Microsoft

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.