RMR Wealth Builders Grows Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

RMR Wealth Builders boosted its holdings in Microsoft Co. (NASDAQ:MSFT) by 3.6% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 49,658 shares of the software giant’s stock after buying an additional 1,739 shares during the period. Microsoft accounts for approximately 2.2% of RMR Wealth Builders’ holdings, making the stock its 12th biggest position. RMR Wealth Builders’ holdings in Microsoft were worth $20,931,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Net Worth Advisory Group purchased a new stake in Microsoft in the 3rd quarter worth $2,645,000. Oak Ridge Investments LLC increased its holdings in shares of Microsoft by 7.6% in the third quarter. Oak Ridge Investments LLC now owns 263,534 shares of the software giant’s stock worth $113,399,000 after purchasing an additional 18,544 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its stake in Microsoft by 1.6% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,975,200 shares of the software giant’s stock valued at $882,816,000 after buying an additional 31,401 shares during the last quarter. Jacobs & Co. CA grew its holdings in Microsoft by 0.9% during the 3rd quarter. Jacobs & Co. CA now owns 96,021 shares of the software giant’s stock valued at $41,318,000 after buying an additional 880 shares in the last quarter. Finally, Focus Financial Network Inc. raised its holdings in shares of Microsoft by 2.0% during the 3rd quarter. Focus Financial Network Inc. now owns 76,296 shares of the software giant’s stock worth $32,830,000 after acquiring an additional 1,489 shares in the last quarter. 71.13% of the stock is owned by institutional investors.

Microsoft Stock Performance

Shares of MSFT stock opened at $397.90 on Wednesday. The firm has a market cap of $2.96 trillion, a price-to-earnings ratio of 32.04, a PEG ratio of 2.21 and a beta of 0.90. Microsoft Co. has a 52-week low of $385.58 and a 52-week high of $468.35. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. The company’s 50 day moving average is $423.12 and its 200 day moving average is $423.05.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.15 by $0.08. Microsoft had a return on equity of 33.36% and a net margin of 35.43%. During the same period in the prior year, the firm posted $2.93 EPS. On average, sell-side analysts anticipate that Microsoft Co. will post 13.08 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 given a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a dividend yield of 0.83%. The ex-dividend date of this dividend is Thursday, February 20th. Microsoft’s payout ratio is 26.73%.

Insider Activity

In related news, CMO Takeshi Numoto sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $437.32, for a total transaction of $874,640.00. Following the completion of the transaction, the chief marketing officer now owns 51,852 shares in the company, valued at $22,675,916.64. The trade was a 3.71 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In the last ninety days, insiders have sold 7,000 shares of company stock worth $3,070,340. Corporate insiders own 0.03% of the company’s stock.

Wall Street Analyst Weigh In

MSFT has been the subject of a number of analyst reports. TD Cowen lowered their price target on shares of Microsoft from $495.00 to $475.00 and set a “buy” rating for the company in a report on Thursday, October 31st. UBS Group decreased their price target on Microsoft from $525.00 to $510.00 and set a “buy” rating on the stock in a report on Thursday, January 30th. BMO Capital Markets dropped their price objective on shares of Microsoft from $500.00 to $495.00 and set an “outperform” rating for the company in a research note on Thursday, October 31st. Guggenheim reissued a “neutral” rating on shares of Microsoft in a research note on Friday, January 24th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Microsoft from $470.00 to $465.00 and set an “overweight” rating for the company in a report on Thursday, October 31st. Three equities research analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, Microsoft has an average rating of “Moderate Buy” and a consensus target price of $510.96.

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.