Microsoft Co. (NASDAQ:MSFT) is Rossmore Private Capital’s 4th Largest Position

Rossmore Private Capital decreased its holdings in Microsoft Co. (NASDAQ:MSFT) by 0.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 94,613 shares of the software giant’s stock after selling 473 shares during the quarter. Microsoft accounts for about 5.0% of Rossmore Private Capital’s investment portfolio, making the stock its 4th largest position. Rossmore Private Capital’s holdings in Microsoft were worth $40,712,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in MSFT. First National Bank Sioux Falls boosted its stake in Microsoft by 0.4% during the second quarter. First National Bank Sioux Falls now owns 6,340 shares of the software giant’s stock worth $2,834,000 after buying an additional 24 shares during the period. BCK Partners Inc. raised its stake in shares of Microsoft by 1.8% in the third quarter. BCK Partners Inc. now owns 1,353 shares of the software giant’s stock valued at $582,000 after acquiring an additional 24 shares during the period. Flagship Private Wealth LLC raised its stake in shares of Microsoft by 2.8% in the second quarter. Flagship Private Wealth LLC now owns 913 shares of the software giant’s stock valued at $408,000 after acquiring an additional 25 shares during the period. Massachusetts Wealth Management boosted its stake in shares of Microsoft by 0.3% during the 2nd quarter. Massachusetts Wealth Management now owns 9,640 shares of the software giant’s stock worth $4,309,000 after purchasing an additional 25 shares during the period. Finally, Deseret Mutual Benefit Administrators grew its holdings in Microsoft by 0.8% during the 2nd quarter. Deseret Mutual Benefit Administrators now owns 3,255 shares of the software giant’s stock valued at $1,455,000 after purchasing an additional 25 shares during the last quarter. 71.13% of the stock is currently owned by institutional investors.

Microsoft Trading Up 1.0 %

Shares of NASDAQ MSFT opened at $429.03 on Friday. Microsoft Co. has a 1-year low of $385.58 and a 1-year high of $468.35. The business has a fifty day moving average price of $429.19 and a 200 day moving average price of $426.57. The stock has a market capitalization of $3.19 trillion, a P/E ratio of 35.40, a price-to-earnings-growth ratio of 2.22 and a beta of 0.90. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.30 and a quick ratio of 1.29.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings results on Wednesday, October 30th. The software giant reported $3.30 EPS for the quarter, beating the consensus estimate of $3.10 by $0.20. Microsoft had a net margin of 35.61% and a return on equity of 34.56%. The business had revenue of $65.59 billion during the quarter, compared to analyst estimates of $64.57 billion. During the same period in the prior year, the firm posted $2.99 earnings per share. The company’s quarterly revenue was up 16.0% on a year-over-year basis. Equities research analysts expect that Microsoft Co. will post 12.92 EPS for the current fiscal year.

Microsoft Announces Dividend

The company also recently declared 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 yield of 0.77%. The ex-dividend date of this dividend is Thursday, February 20th. Microsoft’s dividend payout ratio is currently 27.39%.

Insider Transactions at Microsoft

In other news, CMO Takeshi Numoto sold 1,000 shares of the business’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $414.72, for a total transaction of $414,720.00. Following the sale, the chief marketing officer now owns 57,511 shares in the company, valued at approximately $23,850,961.92. The trade was a 1.71 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Christopher David Young sold 7,200 shares of the stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $423.66, for a total transaction of $3,050,352.00. Following the completion of the transaction, the executive vice president now directly 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. Over the last three months, insiders have sold 41,200 shares of company stock valued at $17,383,892. Corporate insiders own 0.03% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on MSFT. BMO Capital Markets reduced their price objective on shares of Microsoft from $500.00 to $495.00 and set an “outperform” rating on the stock in a research report on Thursday, October 31st. Piper Sandler increased their price target on Microsoft from $470.00 to $520.00 and gave the stock an “overweight” rating in a report on Monday, January 6th. The Goldman Sachs Group dropped their price objective on Microsoft from $515.00 to $500.00 and set a “buy” rating for the company in a report on Thursday, October 10th. Royal Bank of Canada reiterated an “outperform” rating and set a $500.00 target price on shares of Microsoft in a research report on Tuesday, November 5th. Finally, Truist Financial reissued a “buy” rating and set a $600.00 target price on shares of Microsoft in a research note on Monday, October 28th. Three analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $511.53.

Microsoft 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.