Resources Management Corp CT ADV Has $40.34 Million Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

Resources Management Corp CT ADV decreased its position in shares of Microsoft Co. (NASDAQ:MSFT) by 1.1% during the third quarter, according to its most recent filing with the SEC. The firm owned 93,752 shares of the software giant’s stock after selling 1,068 shares during the period. Microsoft comprises about 5.4% of Resources Management Corp CT ADV’s holdings, making the stock its 2nd largest holding. Resources Management Corp CT ADV’s holdings in Microsoft were worth $40,341,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in MSFT. Net Worth Advisory Group bought a new position in Microsoft during the 3rd quarter valued at approximately $2,645,000. Oak Ridge Investments LLC grew its stake in shares of Microsoft by 7.6% in the third quarter. Oak Ridge Investments LLC now owns 263,534 shares of the software giant’s stock worth $113,399,000 after acquiring an additional 18,544 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in Microsoft by 1.6% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,975,200 shares of the software giant’s stock valued at $882,816,000 after purchasing an additional 31,401 shares in the last quarter. Jacobs & Co. CA lifted its stake in shares of Microsoft by 0.9% in the third quarter. Jacobs & Co. CA now owns 96,021 shares of the software giant’s stock worth $41,318,000 after buying an additional 880 shares in the last quarter. Finally, Focus Financial Network Inc. increased its position in shares of Microsoft by 2.0% during the third quarter. Focus Financial Network Inc. now owns 76,296 shares of the software giant’s stock valued at $32,830,000 after acquiring an additional 1,489 shares in the last quarter. Institutional investors own 71.13% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on MSFT. BMO Capital Markets reduced their target price on Microsoft from $500.00 to $495.00 and set an “outperform” rating for the company in a report on Thursday, October 31st. Wells Fargo & Company reaffirmed a “buy” rating on shares of Microsoft in a report on Friday, October 18th. UBS Group decreased their price objective on shares of Microsoft from $525.00 to $510.00 and set a “buy” rating for the company in a report on Thursday, January 30th. Guggenheim reaffirmed a “neutral” rating on shares of Microsoft in a research report on Friday, January 24th. Finally, KeyCorp increased their price target on Microsoft from $490.00 to $505.00 and gave the company an “overweight” rating in a report on Friday, October 18th. Three equities research analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $510.96.

Insider Buying and Selling

In other Microsoft news, CMO Takeshi Numoto sold 2,500 shares of the business’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $447.41, for a total value of $1,118,525.00. Following the completion of the sale, the chief marketing officer now directly owns 49,352 shares of the company’s stock, valued at $22,080,578.32. The trade was a 4.82 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Judson Althoff sold 25,000 shares of Microsoft stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $417.00, for a total transaction of $10,425,000.00. Following the sale, the executive vice president now directly owns 117,294 shares of the company’s stock, valued at $48,911,598. This represents a 17.57 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 34,000 shares of company stock worth $14,333,540 over the last three months. 0.03% of the stock is owned by insiders.

Microsoft Stock Up 0.6 %

Shares of MSFT opened at $412.22 on Tuesday. The business’s 50 day simple moving average is $431.44 and its 200-day simple moving average is $423.41. Microsoft Co. has a 1 year low of $385.58 and a 1 year high of $468.35. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.34. The stock has a market capitalization of $3.06 trillion, a price-to-earnings ratio of 33.19, a price-to-earnings-growth ratio of 2.21 and a beta of 0.90.

Microsoft (NASDAQ:MSFT) last announced its earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.15 by $0.08. Microsoft had a net margin of 35.43% and a return on equity of 33.36%. During the same quarter in the previous year, the business posted $2.93 EPS. As a group, equities analysts expect that Microsoft Co. will post 13.07 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 20th will be issued a dividend of $0.83 per share. The ex-dividend date of this dividend is Thursday, February 20th. This represents a $3.32 annualized dividend and a yield of 0.81%. Microsoft’s payout ratio is presently 26.73%.

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.