Microsoft Co. (NASDAQ:MSFT) Stock Holdings Reduced by Hummer Financial Advisory Services Inc

Hummer Financial Advisory Services Inc decreased its position in Microsoft Co. (NASDAQ:MSFT) by 1.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,099 shares of the software giant’s stock after selling 100 shares during the period. Microsoft comprises approximately 2.0% of Hummer Financial Advisory Services Inc’s portfolio, making the stock its 7th biggest holding. Hummer Financial Advisory Services Inc’s holdings in Microsoft were worth $2,571,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the company. Tlwm lifted its stake in Microsoft by 4.7% in the fourth quarter. Tlwm now owns 5,889 shares of the software giant’s stock valued at $2,482,000 after purchasing an additional 266 shares during the last quarter. McNaughton Wealth Management LLC lifted its position in shares of Microsoft by 2.9% during the fourth quarter. McNaughton Wealth Management LLC now owns 3,143 shares of the software giant’s stock worth $1,325,000 after acquiring an additional 89 shares in the last quarter. Cardinal Point Capital Management ULC lifted its position in shares of Microsoft by 113.7% during the fourth quarter. Cardinal Point Capital Management ULC now owns 5,256 shares of the software giant’s stock worth $2,215,000 after acquiring an additional 2,796 shares in the last quarter. Cypress Financial Planning LLC lifted its position in shares of Microsoft by 3.3% during the fourth quarter. Cypress Financial Planning LLC now owns 1,715 shares of the software giant’s stock worth $723,000 after acquiring an additional 55 shares in the last quarter. Finally, Tuttle Capital Management LLC lifted its position in shares of Microsoft by 34.2% during the fourth quarter. Tuttle Capital Management LLC now owns 910 shares of the software giant’s stock worth $384,000 after acquiring an additional 232 shares in the last quarter. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Insider Activity

In other news, CMO Takeshi Numoto sold 2,500 shares of the firm’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $430.87, for a total transaction of $1,077,175.00. Following the transaction, the chief marketing officer now directly owns 53,852 shares of the company’s stock, valued at approximately $23,203,211.24. This trade represents a 4.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last three months, insiders have sold 8,000 shares of company stock valued at $3,493,820. 0.03% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on MSFT shares. Royal Bank of Canada restated an “outperform” rating and set a $500.00 target price on shares of Microsoft in a research report on Thursday, January 30th. Loop Capital increased their target price on Microsoft from $500.00 to $550.00 and gave the stock a “buy” rating in a research report on Monday, December 23rd. StockNews.com upgraded Microsoft from a “hold” rating to a “buy” rating in a research report on Wednesday, January 22nd. Morgan Stanley dropped their target price on Microsoft from $540.00 to $530.00 and set an “overweight” rating on the stock in a research report on Thursday, January 30th. Finally, Piper Sandler restated an “overweight” rating and set a $520.00 target price on shares of Microsoft in a research report on Monday, January 27th. Three research analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $510.96.

Microsoft Stock Down 1.9 %

MSFT opened at $408.25 on Friday. The stock has a market cap of $3.03 trillion, a PE ratio of 32.87, a P/E/G ratio of 2.21 and a beta of 0.90. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. Microsoft Co. has a 52 week low of $385.58 and a 52 week high of $468.35. The business’s fifty day simple moving average is $425.20 and its 200 day simple moving average is $422.88.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Wednesday, January 29th. The software giant reported $3.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.15 by $0.08. Microsoft had a return on equity of 33.36% and a net margin of 35.43%. During the same quarter in the previous year, the company earned $2.93 EPS. As a group, research analysts expect that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.

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 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 dividend yield of 0.81%. Microsoft’s dividend payout ratio (DPR) is currently 26.73%.

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.