Rodgers & Associates LTD Trims Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

Rodgers & Associates LTD lowered its stake in Microsoft Co. (NASDAQ:MSFT) by 0.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,366 shares of the software giant’s stock after selling 29 shares during the quarter. Rodgers & Associates LTD’s holdings in Microsoft were worth $1,840,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Christopher J. Hasenberg Inc raised its stake in Microsoft by 35.7% during the 3rd quarter. Christopher J. Hasenberg Inc now owns 95 shares of the software giant’s stock valued at $39,000 after purchasing an additional 25 shares during the period. IFS Advisors LLC grew its holdings in Microsoft by 53.8% during the 4th quarter. IFS Advisors LLC now owns 100 shares of the software giant’s stock valued at $42,000 after buying an additional 35 shares in the last quarter. Quarry LP bought a new stake in shares of Microsoft during the second quarter valued at approximately $45,000. Avondale Wealth Management lifted its holdings in shares of Microsoft by 144.4% in the fourth quarter. Avondale Wealth Management now owns 110 shares of the software giant’s stock worth $46,000 after buying an additional 65 shares in the last quarter. Finally, MidAtlantic Capital Management Inc. bought a new position in shares of Microsoft during the third quarter worth $62,000. 71.13% of the stock is owned by hedge funds and other institutional investors.

Microsoft Trading Down 1.2 %

MSFT stock opened at $378.77 on Friday. The company has a market cap of $2.82 trillion, a price-to-earnings ratio of 30.50, a PEG ratio of 2.21 and a beta of 0.92. 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 business has a fifty day simple moving average of $413.12 and a 200-day simple moving average of $420.77. Microsoft Co. has a 52 week low of $376.91 and a 52 week high of $468.35.

Microsoft (NASDAQ:MSFT) last announced its earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share for the quarter, beating the consensus estimate 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 quarter in the prior year, the firm earned $2.93 earnings per share. On average, equities research analysts expect that Microsoft Co. will post 13.08 EPS for the current year.

Microsoft Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Thursday, May 15th will be paid a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a yield of 0.88%. The ex-dividend date is Thursday, May 15th. Microsoft’s dividend payout ratio (DPR) is presently 26.73%.

Analyst Upgrades and Downgrades

MSFT has been the subject of a number of research reports. Loop Capital increased their price target on Microsoft from $500.00 to $550.00 and gave the company a “buy” rating in a research note on Monday, December 23rd. 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, January 30th. Stifel Nicolaus cut their target price on shares of Microsoft from $515.00 to $475.00 and set a “buy” rating for the company in a report on Friday, March 7th. Mizuho decreased their price target on shares of Microsoft from $510.00 to $500.00 and set an “outperform” rating on the stock in a research note on Thursday, January 30th. Finally, StockNews.com cut shares of Microsoft from a “buy” rating to a “hold” rating in a research note on Friday, February 28th. Three 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.com, Microsoft presently has a consensus rating of “Moderate Buy” and an average price target of $510.43.

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.