Borer Denton & Associates Inc. Sells 32 Shares of Microsoft Co. (NASDAQ:MSFT)

Borer Denton & Associates Inc. decreased its position in shares of Microsoft Co. (NASDAQ:MSFT) by 0.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 66,205 shares of the software giant’s stock after selling 32 shares during the period. Microsoft accounts for 9.7% of Borer Denton & Associates Inc.’s investment portfolio, making the stock its biggest holding. Borer Denton & Associates Inc.’s holdings in Microsoft were worth $28,488,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of MSFT. WFA Asset Management Corp raised its holdings in Microsoft by 27.0% in the 1st quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant’s stock valued at $427,000 after acquiring an additional 216 shares in the last quarter. Ironwood Wealth Management LLC. increased its position in shares of Microsoft by 0.3% during the second quarter. Ironwood Wealth Management LLC. now owns 12,658 shares of the software giant’s stock valued at $5,658,000 after purchasing an additional 38 shares during the period. Nicholas Investment Partners LP raised its stake in shares of Microsoft by 3.0% in the second quarter. Nicholas Investment Partners LP now owns 39,743 shares of the software giant’s stock valued at $17,763,000 after purchasing an additional 1,164 shares in the last quarter. Crew Capital Management Ltd. raised its stake in shares of Microsoft by 2.1% in the second quarter. Crew Capital Management Ltd. now owns 10,860 shares of the software giant’s stock valued at $4,854,000 after purchasing an additional 225 shares in the last quarter. Finally, Wealth Advisory Solutions LLC lifted its position in Microsoft by 0.3% in the second quarter. Wealth Advisory Solutions LLC now owns 12,379 shares of the software giant’s stock worth $5,533,000 after purchasing an additional 35 shares during the period. 71.13% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Microsoft news, CMO Takeshi Numoto sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $414.72, for a total value of $414,720.00. Following the completion of the transaction, the chief marketing officer now directly owns 57,511 shares in the company, valued at $23,850,961.92. This trade represents a 1.71 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Christopher David Young sold 7,200 shares of the company’s stock in a transaction that occurred on 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 in the company, valued at approximately $43,792,039.56. This represents a 6.51 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 41,200 shares of company stock valued at $17,383,892 in the last three months. 0.03% of the stock is currently owned by corporate insiders.

Microsoft Stock Down 6.2 %

MSFT stock opened at $414.99 on Friday. The business has a 50-day moving average of $432.55 and a 200-day moving average of $424.95. Microsoft Co. has a fifty-two week low of $385.58 and a fifty-two week high of $468.35. The stock has a market capitalization of $3.09 trillion, a P/E ratio of 34.24, a P/E/G ratio of 2.40 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 earnings results on Wednesday, January 29th. The software giant reported $3.23 EPS for the quarter, beating the consensus estimate of $3.15 by $0.08. Microsoft had a return on equity of 34.56% and a net margin of 35.61%. During the same period in the previous year, the business posted $2.93 EPS. On average, sell-side analysts anticipate that Microsoft Co. will post 12.9 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 20th will be paid a $0.83 dividend. The ex-dividend date is Thursday, February 20th. This represents a $3.32 annualized dividend and a yield of 0.80%. Microsoft’s payout ratio is currently 26.73%.

Analyst Upgrades and Downgrades

MSFT has been the topic of several analyst reports. Truist Financial reissued a “buy” rating and issued a $600.00 price target on shares of Microsoft in a report on Monday, October 28th. Stifel Nicolaus upped their target price on shares of Microsoft from $475.00 to $515.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. KeyCorp raised their price target on shares of Microsoft from $490.00 to $505.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. Morgan Stanley decreased their price objective on Microsoft from $540.00 to $530.00 and set an “overweight” rating on the stock in a report on Thursday. Finally, UBS Group dropped their target price on Microsoft from $525.00 to $510.00 and set a “buy” rating for the company in a report on Thursday. Three analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $509.72.

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.