Microsoft Co. (NASDAQ:MSFT) Stock Position Lowered by Orrstown Financial Services Inc.

Orrstown Financial Services Inc. lessened its position in shares of Microsoft Co. (NASDAQ:MSFT) by 5.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 16,139 shares of the software giant’s stock after selling 977 shares during the quarter. Microsoft comprises approximately 1.8% of Orrstown Financial Services Inc.’s portfolio, making the stock its 10th largest position. Orrstown Financial Services Inc.’s holdings in Microsoft were worth $6,803,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Net Worth Advisory Group purchased a new stake in Microsoft in the third quarter valued at approximately $2,645,000. Oak Ridge Investments LLC raised its position in Microsoft by 7.6% in the third quarter. Oak Ridge Investments LLC now owns 263,534 shares of the software giant’s stock valued at $113,399,000 after purchasing an additional 18,544 shares during the period. Focus Financial Network Inc. raised its position in Microsoft by 2.0% in the third quarter. Focus Financial Network Inc. now owns 76,296 shares of the software giant’s stock valued at $32,830,000 after purchasing an additional 1,489 shares during the period. Campbell Wealth Management purchased a new stake in shares of Microsoft during the third quarter worth $3,314,000. Finally, Evernest Financial Advisors LLC increased its position in shares of Microsoft by 389.2% during the third quarter. Evernest Financial Advisors LLC now owns 53,770 shares of the software giant’s stock worth $23,137,000 after acquiring an additional 42,778 shares during the period. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Wall Street Analysts Forecast Growth

MSFT has been the topic of a number of recent research reports. Royal Bank of Canada reaffirmed an “outperform” rating and set a $500.00 price objective on shares of Microsoft in a research report on Thursday, January 30th. Mizuho lowered their target price on shares of Microsoft from $510.00 to $500.00 and set an “outperform” rating for the company in a research note on Thursday, January 30th. Tigress Financial boosted their target price on shares of Microsoft from $550.00 to $595.00 and gave the stock a “buy” rating in a research note on Thursday. Cantor Fitzgerald reiterated an “overweight” rating and set a $509.00 target price on shares of Microsoft in a research note on Wednesday, January 29th. Finally, Morgan Stanley lowered their target price on shares of Microsoft from $540.00 to $530.00 and set an “overweight” rating for the company in a research note on Thursday, January 30th. Three investment analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company. Based on data from MarketBeat.com, Microsoft currently has an average rating of “Moderate Buy” and an average price target of $510.59.

Microsoft Trading Up 1.1 %

NASDAQ MSFT opened at $391.26 on Friday. The stock has a market capitalization of $2.91 trillion, a P/E ratio of 31.50, a P/E/G ratio of 2.21 and a beta of 0.92. Microsoft Co. has a 52-week low of $376.91 and a 52-week high of $468.35. The firm has a 50-day moving average price of $408.82 and a 200 day moving average price of $419.65. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 0.13.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.15 by $0.08. Microsoft had a net margin of 35.43% and a return on equity of 33.36%. During the same quarter in the previous year, the company earned $2.93 earnings per share. Equities research analysts expect that Microsoft Co. will post 13.08 EPS for the current year.

Microsoft Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 15th will be given a $0.83 dividend. The ex-dividend date is Thursday, May 15th. This represents a $3.32 annualized dividend and a dividend yield of 0.85%. Microsoft’s dividend payout ratio is presently 26.73%.

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.