Arcadia Investment Management Corp MI Decreases Holdings in Microsoft Co. (NASDAQ:MSFT)

Arcadia Investment Management Corp MI cut its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 1.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 60,451 shares of the software giant’s stock after selling 776 shares during the period. Microsoft comprises approximately 4.3% of Arcadia Investment Management Corp MI’s investment portfolio, making the stock its 3rd biggest position. Arcadia Investment Management Corp MI’s holdings in Microsoft were worth $26,012,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. WFA Asset Management Corp increased its position in Microsoft by 27.0% during the 1st quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant’s stock worth $427,000 after purchasing an additional 216 shares in the last quarter. Sound Income Strategies LLC increased its holdings in shares of Microsoft by 12.5% during the second quarter. Sound Income Strategies LLC now owns 15,830 shares of the software giant’s stock worth $7,075,000 after buying an additional 1,759 shares in the last quarter. Ignite Planners LLC lifted its stake in shares of Microsoft by 0.9% in the 2nd quarter. Ignite Planners LLC now owns 23,697 shares of the software giant’s stock valued at $11,080,000 after acquiring an additional 211 shares during the last quarter. Carr Financial Group Corp boosted its holdings in shares of Microsoft by 0.9% during the 2nd quarter. Carr Financial Group Corp now owns 12,802 shares of the software giant’s stock valued at $5,722,000 after acquiring an additional 113 shares in the last quarter. Finally, Williams & Novak LLC grew its position in Microsoft by 2.2% during the 2nd quarter. Williams & Novak LLC now owns 2,803 shares of the software giant’s stock worth $1,253,000 after acquiring an additional 60 shares during the last quarter. Institutional investors and hedge funds own 71.13% of the company’s stock.

Insider Buying and Selling at Microsoft

In related news, EVP Judson Althoff sold 25,000 shares of the stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $417.00, for a total value of $10,425,000.00. Following the completion of the sale, the executive vice president now directly owns 117,294 shares of the company’s stock, valued at approximately $48,911,598. This represents a 17.57 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Christopher David Young sold 7,200 shares of the firm’s stock in a transaction on 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 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 ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 41,200 shares of company stock valued at $17,383,892. Corporate insiders own 0.03% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on MSFT shares. Oppenheimer downgraded Microsoft from an “outperform” rating to a “market perform” rating in a research report on Tuesday, October 8th. Wedbush reiterated an “outperform” rating and issued a $550.00 price objective on shares of Microsoft in a report on Tuesday, November 19th. 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 report on Monday, September 23rd. Stifel Nicolaus lifted their price target on shares of Microsoft from $475.00 to $515.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Finally, Truist Financial reissued a “buy” rating and issued a $600.00 price objective on shares of Microsoft in a research note on Monday, October 28th. Three equities research analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $509.90.

Microsoft Stock Performance

Shares of MSFT opened at $418.58 on Friday. Microsoft Co. has a one year low of $366.50 and a one year high of $468.35. The company has a market cap of $3.11 trillion, a PE ratio of 34.54, a P/E/G ratio of 2.37 and a beta of 0.90. The stock has a 50-day moving average of $428.83 and a 200-day moving average of $428.45. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.30 and a quick ratio of 1.29.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Wednesday, October 30th. The software giant reported $3.30 EPS for the quarter, beating analysts’ consensus estimates of $3.10 by $0.20. Microsoft had a return on equity of 34.56% and a net margin of 35.61%. The firm had revenue of $65.59 billion during the quarter, compared to analysts’ expectations of $64.57 billion. During the same quarter last year, the firm posted $2.99 earnings per share. The company’s revenue for the quarter was up 16.0% compared to the same quarter last year. On average, equities research analysts predict that Microsoft Co. will post 12.93 EPS for the current fiscal year.

Microsoft declared that its board has authorized a share repurchase plan on Monday, September 16th that permits the company to buyback $60.00 billion in outstanding shares. This buyback authorization permits the software giant to purchase up to 1.9% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Microsoft Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 20th will be paid 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 yield of 0.79%. Microsoft’s dividend payout ratio (DPR) is presently 27.39%.

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.