Rogco LP Has $5.16 Million Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

Rogco LP reduced its position in shares of Microsoft Co. (NASDAQ:MSFT) by 6.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 11,987 shares of the software giant’s stock after selling 806 shares during the quarter. Microsoft comprises about 2.0% of Rogco LP’s portfolio, making the stock its 12th biggest position. Rogco LP’s holdings in Microsoft were worth $5,158,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in MSFT. Christopher J. Hasenberg Inc raised its stake in shares of Microsoft by 169.2% in the second quarter. Christopher J. Hasenberg Inc now owns 70 shares of the software giant’s stock worth $31,000 after purchasing an additional 44 shares during the last quarter. Quarry LP purchased a new stake in Microsoft in the 2nd quarter valued at $45,000. Innealta Capital LLC purchased a new stake in Microsoft in the 2nd quarter valued at $75,000. Carolina Wealth Advisors LLC boosted its holdings in Microsoft by 10.1% during the 3rd quarter. Carolina Wealth Advisors LLC now owns 338 shares of the software giant’s stock worth $145,000 after acquiring an additional 31 shares during the last quarter. Finally, Bbjs Financial Advisors LLC grew its stake in shares of Microsoft by 241.4% in the 2nd quarter. Bbjs Financial Advisors LLC now owns 379 shares of the software giant’s stock worth $169,000 after acquiring an additional 268 shares in the last quarter. Institutional investors own 71.13% of the company’s stock.

Insider Transactions at Microsoft

In other Microsoft news, CMO Takeshi Numoto sold 2,500 shares of the company’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $447.41, for a total value of $1,118,525.00. Following the transaction, the chief marketing officer now directly owns 49,352 shares in the company, valued at $22,080,578.32. This represents a 4.82 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Christopher David Young sold 7,200 shares of Microsoft stock in a transaction dated Tuesday, November 12th. The shares were 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 of the company’s stock, valued at approximately $43,792,039.56. This trade represents a 6.51 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 41,200 shares of company stock valued at $17,383,892. 0.03% of the stock is currently owned by company insiders.

Microsoft Stock Performance

Shares of MSFT opened at $436.60 on Friday. Microsoft Co. has a 52-week low of $366.50 and a 52-week high of $468.35. The stock’s 50-day simple moving average is $427.02 and its 200 day simple moving average is $428.32. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.29 and a current ratio of 1.30. The stock has a market capitalization of $3.25 trillion, a price-to-earnings ratio of 36.02, a price-to-earnings-growth ratio of 2.37 and a beta of 0.90.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings results on Wednesday, October 30th. The software giant reported $3.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.10 by $0.20. The firm had revenue of $65.59 billion for the quarter, compared to the consensus estimate of $64.57 billion. Microsoft had a net margin of 35.61% and a return on equity of 34.56%. The company’s revenue for the quarter was up 16.0% on a year-over-year basis. During the same period in the prior year, the firm posted $2.99 earnings per share. Research analysts forecast that Microsoft Co. will post 12.93 EPS for the current fiscal year.

Microsoft announced that its board has authorized a stock buyback plan on Monday, September 16th that authorizes the company to buyback $60.00 billion in outstanding shares. This buyback authorization authorizes the software giant to buy up to 1.9% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its stock is undervalued.

Microsoft Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 20th will be given a dividend of $0.83 per share. The ex-dividend date of this dividend is Thursday, February 20th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.76%. Microsoft’s dividend payout ratio (DPR) is currently 27.39%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on MSFT shares. Morgan Stanley raised their price target on shares of Microsoft from $506.00 to $548.00 and gave the company an “overweight” rating in a research report on Thursday, October 31st. Wedbush reissued an “outperform” rating and set a $550.00 target price on shares of Microsoft in a research report on Tuesday, November 19th. Truist Financial restated a “buy” rating and issued a $600.00 target price on shares of Microsoft in a research note on Monday, October 28th. DA Davidson downgraded Microsoft from a “buy” rating to a “neutral” rating and set a $475.00 price target for the company. in a research report on Monday, September 23rd. Finally, Sanford C. Bernstein cut their price objective on Microsoft from $501.00 to $500.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. Three analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company’s stock. According to MarketBeat, Microsoft currently has an average rating of “Moderate Buy” and a consensus target price of $508.46.

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.