Schneider Downs Wealth Management Advisors LP Cuts Stake in Microsoft Co. (NASDAQ:MSFT)

Schneider Downs Wealth Management Advisors LP lowered its position in Microsoft Co. (NASDAQ:MSFT) by 0.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,353 shares of the software giant’s stock after selling 179 shares during the quarter. Microsoft makes up approximately 2.1% of Schneider Downs Wealth Management Advisors LP’s portfolio, making the stock its 11th biggest position. Schneider Downs Wealth Management Advisors LP’s holdings in Microsoft were worth $10,049,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MSFT. Christopher J. Hasenberg Inc raised its holdings in 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 in the last quarter. Quarry LP bought a new position in Microsoft in the second quarter worth $45,000. Innealta Capital LLC bought a new position in Microsoft in the second quarter worth $75,000. Carolina Wealth Advisors LLC raised its holdings in Microsoft by 10.1% in the third quarter. Carolina Wealth Advisors LLC now owns 338 shares of the software giant’s stock worth $145,000 after purchasing an additional 31 shares in the last quarter. Finally, MayTech Global Investments LLC bought a new position in Microsoft in the second quarter worth $200,000. Institutional investors own 71.13% of the company’s stock.

Insider Buying and Selling at Microsoft

In other news, EVP Christopher David Young sold 7,200 shares of the business’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $423.66, for a total value of $3,050,352.00. Following the completion of the transaction, the executive vice president now directly owns 103,366 shares of the company’s stock, valued at approximately $43,792,039.56. The trade was a 6.51 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Judson Althoff sold 25,000 shares of the business’s 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 transaction, the executive vice president now directly owns 117,294 shares of the company’s stock, valued at approximately $48,911,598. The trade was a 17.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 41,200 shares of company stock valued at $17,383,892 in the last ninety days. Corporate insiders own 0.03% of the company’s stock.

Microsoft Price Performance

Shares of Microsoft stock opened at $428.50 on Wednesday. The stock has a market cap of $3.19 trillion, a price-to-earnings ratio of 35.35, a price-to-earnings-growth ratio of 2.28 and a beta of 0.90. 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 50 day moving average price of $429.54 and a 200-day moving average price of $425.92. Microsoft Co. has a one year low of $385.58 and a one year high of $468.35.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings data on Wednesday, October 30th. The software giant reported $3.30 earnings per share (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 company had revenue of $65.59 billion during the quarter, compared to analysts’ expectations of $64.57 billion. During the same quarter in the previous year, the business earned $2.99 EPS. Microsoft’s revenue was up 16.0% compared to the same quarter last year. Equities analysts expect that Microsoft Co. will post 12.92 EPS for the current year.

Microsoft Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 20th will be given a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date of this dividend is Thursday, February 20th. Microsoft’s dividend payout ratio (DPR) is presently 27.39%.

Analyst Ratings Changes

A number of research firms have issued reports on MSFT. Piper Sandler increased their price objective on Microsoft from $470.00 to $520.00 and gave the stock an “overweight” rating in a report on Monday, January 6th. KeyCorp increased their target price on Microsoft from $490.00 to $505.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. JPMorgan Chase & Co. cut their target price on Microsoft from $470.00 to $465.00 and set an “overweight” rating on the stock in a research note on Thursday, October 31st. StockNews.com raised Microsoft from a “hold” rating to a “buy” rating in a research note on Wednesday. Finally, Oppenheimer cut Microsoft from an “outperform” rating to a “market perform” rating in a research report on Tuesday, October 8th. Two investment analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $512.93.

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.