Microsoft Co. (NASDAQ:MSFT) Shares Sold by Ruedi Wealth Management Inc.

Ruedi Wealth Management Inc. trimmed its holdings in Microsoft Co. (NASDAQ:MSFT) by 4.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,893 shares of the software giant’s stock after selling 98 shares during the period. Microsoft accounts for approximately 0.3% of Ruedi Wealth Management Inc.’s holdings, making the stock its 27th largest holding. Ruedi Wealth Management Inc.’s holdings in Microsoft were worth $815,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Greenleaf Trust grew its stake in shares of Microsoft by 1.9% during the 3rd quarter. Greenleaf Trust now owns 330,573 shares of the software giant’s stock valued at $142,246,000 after buying an additional 6,315 shares during the period. Commerzbank Aktiengesellschaft FI boosted its holdings in Microsoft by 6.7% in the third quarter. Commerzbank Aktiengesellschaft FI now owns 897,433 shares of the software giant’s stock valued at $386,165,000 after acquiring an additional 56,467 shares during the last quarter. Meadow Creek Wealth Advisors LLC boosted its holdings in Microsoft by 8.2% in the third quarter. Meadow Creek Wealth Advisors LLC now owns 12,392 shares of the software giant’s stock valued at $5,332,000 after acquiring an additional 939 shares during the last quarter. Chris Bulman Inc grew its position in Microsoft by 5.5% during the third quarter. Chris Bulman Inc now owns 2,607 shares of the software giant’s stock valued at $1,122,000 after acquiring an additional 137 shares during the period. Finally, Plan Group Financial LLC increased its stake in Microsoft by 52.7% during the third quarter. Plan Group Financial LLC now owns 1,174 shares of the software giant’s stock worth $505,000 after acquiring an additional 405 shares during the last quarter. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Insider Transactions at Microsoft

In related news, CMO Takeshi Numoto sold 2,500 shares of the company’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $447.41, for a total transaction of $1,118,525.00. Following the transaction, the chief marketing officer now directly owns 49,352 shares of the company’s stock, valued at approximately $22,080,578.32. The trade was a 4.82 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Christopher David Young sold 7,200 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $423.66, for a total value of $3,050,352.00. Following the sale, the executive vice president now owns 103,366 shares of the company’s stock, valued at $43,792,039.56. The trade was a 6.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 41,200 shares of company stock valued at $17,383,892 over the last ninety days. Corporate insiders own 0.03% of the company’s stock.

Microsoft Price Performance

Shares of NASDAQ MSFT opened at $454.46 on Wednesday. The firm has a 50-day moving average of $425.79 and a two-hundred day moving average of $428.04. The company has a market capitalization of $3.38 trillion, a price-to-earnings ratio of 37.50, a PEG ratio of 2.38 and a beta of 0.90. The company has a current ratio of 1.30, a quick ratio of 1.29 and a debt-to-equity ratio of 0.15. Microsoft Co. has a twelve month low of $366.50 and a twelve month high of $468.35.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings data on Wednesday, October 30th. The software giant reported $3.30 earnings per share for the quarter, topping the consensus estimate of $3.10 by $0.20. The business had revenue of $65.59 billion during the quarter, compared to analyst estimates of $64.57 billion. Microsoft had a return on equity of 34.56% and a net margin of 35.61%. The company’s revenue was up 16.0% compared to the same quarter last year. During the same period last year, the company posted $2.99 EPS. As a group, analysts expect that Microsoft Co. will post 12.93 earnings per share for the current fiscal year.

Microsoft announced that its Board of Directors has initiated a share repurchase plan on Monday, September 16th that authorizes the company to buyback $60.00 billion in shares. This buyback authorization authorizes the software giant to buy up to 1.9% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its stock is undervalued.

Microsoft Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 20th will be issued a $0.83 dividend. This represents a $3.32 annualized dividend and a dividend yield of 0.73%. The ex-dividend date is Thursday, February 20th. Microsoft’s payout ratio is 27.39%.

Wall Street Analyst Weigh In

MSFT has been the subject of a number of research reports. TD Cowen decreased their target price on Microsoft from $495.00 to $475.00 and set a “buy” rating for the company in a report on Thursday, October 31st. StockNews.com upgraded shares of Microsoft from a “hold” rating to a “buy” rating in a research note on Thursday, December 12th. Truist Financial reissued a “buy” rating and issued a $600.00 price objective on shares of Microsoft in a research report on Monday, October 28th. Wedbush restated an “outperform” rating and set a $550.00 target price on shares of Microsoft in a report on Tuesday, November 19th. Finally, BMO Capital Markets lowered their price target on Microsoft from $500.00 to $495.00 and set an “outperform” rating for the company in a report on Thursday, October 31st. Two investment analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $505.43.

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.