Microsoft Co. (NASDAQ:MSFT) is Rowlandmiller & PARTNERS.ADV’s 3rd Largest Position

Rowlandmiller & PARTNERS.ADV increased its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 0.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 51,153 shares of the software giant’s stock after buying an additional 215 shares during the period. Microsoft comprises 5.0% of Rowlandmiller & PARTNERS.ADV’s portfolio, making the stock its 3rd largest holding. Rowlandmiller & PARTNERS.ADV’s holdings in Microsoft were worth $22,863,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MSFT. Christopher J. Hasenberg Inc grew its holdings in shares of Microsoft by 169.2% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 70 shares of the software giant’s stock worth $31,000 after acquiring an additional 44 shares during the period. Neo Ivy Capital Management purchased a new stake in Microsoft during the fourth quarter worth $58,000. Richardson Capital Management LLC grew its holdings in Microsoft by 1,290.0% in the first quarter. Richardson Capital Management LLC now owns 139 shares of the software giant’s stock valued at $59,000 after purchasing an additional 129 shares during the last quarter. Bellevue Group AG increased its position in shares of Microsoft by 47.5% in the first quarter. Bellevue Group AG now owns 180 shares of the software giant’s stock valued at $76,000 after buying an additional 58 shares in the last quarter. Finally, Horizon Financial Services LLC acquired a new position in shares of Microsoft during the 1st quarter worth $80,000. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Microsoft Trading Down 0.1 %

Shares of MSFT stock opened at $416.06 on Friday. Microsoft Co. has a fifty-two week low of $314.90 and a fifty-two week high of $468.35. The firm’s 50 day moving average price is $418.32 and its two-hundred day moving average price is $425.03. The stock has a market cap of $3.09 trillion, a price-to-earnings ratio of 36.02, a price-to-earnings-growth ratio of 2.30 and a beta of 0.90. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.16.

Microsoft (NASDAQ:MSFT) last posted its earnings results on Tuesday, July 30th. The software giant reported $2.95 earnings per share for the quarter, beating the consensus estimate of $2.90 by $0.05. Microsoft had a net margin of 35.96% and a return on equity of 35.95%. The business had revenue of $64.73 billion for the quarter, compared to analyst estimates of $64.38 billion. During the same quarter in the previous year, the business posted $2.69 EPS. The business’s quarterly revenue was up 15.2% on a year-over-year basis. On average, analysts anticipate that Microsoft Co. will post 13.04 EPS for the current year.

Microsoft announced that its Board of Directors has initiated a share buyback program on Monday, September 16th that allows the company to buyback $60.00 billion in outstanding shares. This buyback authorization allows the software giant to purchase up to 1.9% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board believes its shares are undervalued.

Microsoft Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st will be given a $0.83 dividend. This is an increase from Microsoft’s previous quarterly dividend of $0.75. The ex-dividend date is Thursday, November 21st. This represents a $3.32 annualized dividend and a dividend yield of 0.80%. Microsoft’s dividend payout ratio is presently 28.74%.

Insider Activity at Microsoft

In other Microsoft news, CEO Satya Nadella sold 14,398 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $417.41, for a total value of $6,009,869.18. Following the completion of the transaction, the chief executive officer now owns 786,933 shares in the company, valued at $328,473,703.53. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CFO Amy Hood sold 38,000 shares of the firm’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $410.55, for a total transaction of $15,600,900.00. Following the completion of the sale, the chief financial officer now directly owns 496,369 shares of the company’s stock, valued at approximately $203,784,292.95. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Satya Nadella sold 14,398 shares of the business’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $417.41, for a total transaction of $6,009,869.18. Following the completion of the transaction, the chief executive officer now owns 786,933 shares in the company, valued at $328,473,703.53. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 190,629 shares of company stock worth $77,916,485. 0.03% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

MSFT has been the topic of a number of research reports. UBS Group lowered their price objective on shares of Microsoft from $520.00 to $510.00 and set a “buy” rating on the stock in a research note on Wednesday, July 31st. DA Davidson lowered shares of Microsoft from a “buy” rating to a “neutral” rating and set a $475.00 price target on the stock. in a research report on Monday, September 23rd. Bank of America lifted their price objective on Microsoft from $480.00 to $510.00 and gave the stock a “buy” rating in a research report on Wednesday, July 17th. Mizuho increased their target price on Microsoft from $450.00 to $480.00 and gave the company an “outperform” rating in a report on Tuesday, July 16th. Finally, Citigroup cut their price target on Microsoft from $520.00 to $500.00 and set a “buy” rating for the company in a report on Wednesday, July 31st. Two investment analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $493.94.

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.