Roanoke Asset Management Corp NY Sells 45 Shares of Microsoft Co. (NASDAQ:MSFT)

Roanoke Asset Management Corp NY decreased its position in Microsoft Co. (NASDAQ:MSFT) by 0.2% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 28,341 shares of the software giant’s stock after selling 45 shares during the period. Microsoft comprises 3.8% of Roanoke Asset Management Corp NY’s investment portfolio, making the stock its 4th biggest position. Roanoke Asset Management Corp NY’s holdings in Microsoft were worth $12,195,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of MSFT. International Assets Investment Management LLC increased its position in shares of Microsoft by 48,526.1% in the third quarter. International Assets Investment Management LLC now owns 38,501,645 shares of the software giant’s stock valued at $16,567,258,000 after buying an additional 38,422,466 shares in the last quarter. Ameriprise Financial Inc. grew its stake in Microsoft by 0.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 34,511,544 shares of the software giant’s stock valued at $15,426,767,000 after acquiring an additional 97,075 shares during the period. Dimensional Fund Advisors LP grew its stake in Microsoft by 6.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 24,091,789 shares of the software giant’s stock valued at $10,768,771,000 after acquiring an additional 1,563,533 shares during the period. Rhumbline Advisers grew its stake in Microsoft by 0.3% in the 2nd quarter. Rhumbline Advisers now owns 14,738,956 shares of the software giant’s stock valued at $6,587,576,000 after acquiring an additional 45,220 shares during the period. Finally, Swedbank AB increased its holdings in Microsoft by 0.4% in the 3rd quarter. Swedbank AB now owns 13,689,356 shares of the software giant’s stock worth $5,890,530,000 after acquiring an additional 49,288 shares in the last quarter. 71.13% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Microsoft

In other news, EVP Christopher David Young sold 7,200 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $423.66, for a total transaction of $3,050,352.00. Following the completion of the transaction, the executive vice president now owns 103,366 shares in the company, valued at approximately $43,792,039.56. This trade represents a 6.51 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CMO Takeshi Numoto sold 2,500 shares of Microsoft stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $447.41, for a total transaction of $1,118,525.00. Following the completion of the transaction, the chief marketing officer now owns 49,352 shares in the company, valued at approximately $22,080,578.32. This trade represents a 4.82 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 41,200 shares of company stock worth $17,383,892 over the last quarter. 0.03% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. DA Davidson lowered shares of Microsoft from a “buy” rating to a “neutral” rating and set a $475.00 target price on the stock. in a research report on Monday, September 23rd. KeyCorp boosted their price objective on Microsoft from $490.00 to $505.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. Oppenheimer downgraded Microsoft from an “outperform” rating to a “market perform” rating in a research report on Tuesday, October 8th. Sanford C. Bernstein lowered their price target on Microsoft from $501.00 to $500.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. Finally, BMO Capital Markets reduced their price objective on Microsoft from $500.00 to $495.00 and set an “outperform” rating for the company in a research note on Thursday, October 31st. Three equities research analysts have rated the stock with a hold rating and twenty-seven have issued 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 target price of $509.90.

Microsoft Stock Down 0.8 %

Microsoft stock opened at $421.50 on Thursday. The firm has a market capitalization of $3.13 trillion, a P/E ratio of 34.78, a P/E/G ratio of 2.37 and a beta of 0.90. The company has a 50-day simple moving average of $428.83 and a 200-day simple moving average of $428.45. Microsoft Co. has a one year low of $366.50 and a one year high of $468.35. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.29 and a current ratio of 1.30.

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

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

Microsoft Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 20th will be issued a $0.83 dividend. This represents a $3.32 annualized dividend and a dividend yield of 0.79%. The ex-dividend date of this dividend is Thursday, February 20th. Microsoft’s dividend payout ratio (DPR) is presently 27.39%.

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.