Ruedi Wealth Management Inc. Sells 98 Shares of Microsoft Co. (NASDAQ:MSFT)

Ruedi Wealth Management Inc. lessened its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 4.9% during the 3rd quarter, Holdings Channel.com reports. The fund owned 1,893 shares of the software giant’s stock after selling 98 shares during the period. Microsoft comprises approximately 0.3% of Ruedi Wealth Management Inc.’s investment portfolio, making the stock its 27th biggest position. Ruedi Wealth Management Inc.’s holdings in Microsoft were worth $815,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Christopher J. Hasenberg Inc raised its stake in Microsoft by 169.2% during the second quarter. Christopher J. Hasenberg Inc now owns 70 shares of the software giant’s stock worth $31,000 after acquiring an additional 44 shares in the last quarter. Quarry LP bought a new stake in shares of Microsoft during the second quarter worth $45,000. Innealta Capital LLC acquired a new position in Microsoft during the 2nd quarter valued at about $75,000. Carolina Wealth Advisors LLC lifted 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 valued at $145,000 after buying an additional 31 shares during the period. Finally, Bbjs Financial Advisors LLC boosted its position in shares of Microsoft by 241.4% in the 2nd quarter. Bbjs Financial Advisors LLC now owns 379 shares of the software giant’s stock worth $169,000 after purchasing an additional 268 shares during the last quarter. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Microsoft Price Performance

Shares of MSFT opened at $454.46 on Wednesday. Microsoft Co. has a twelve month low of $366.50 and a twelve month high of $468.35. The company has a 50 day moving average of $425.79 and a two-hundred day moving average of $428.04. The company has a quick ratio of 1.29, a current ratio of 1.30 and a debt-to-equity ratio of 0.15. The company has a market cap of $3.38 trillion, a price-to-earnings ratio of 37.50, a price-to-earnings-growth ratio of 2.38 and a beta of 0.90.

Microsoft (NASDAQ:MSFT) last issued its 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 net margin of 35.61% and a return on equity of 34.56%. 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 company posted $2.99 earnings per share. The firm’s revenue was up 16.0% compared to the same quarter last year. As a group, analysts predict that Microsoft Co. will post 12.93 earnings per share for the current fiscal year.

Microsoft announced that its board has authorized a share repurchase program on Monday, September 16th that authorizes the company to buyback $60.00 billion in outstanding shares. This buyback authorization authorizes the software giant to buy up to 1.9% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its shares are undervalued.

Microsoft Announces Dividend

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 $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 0.73%. The ex-dividend date of this dividend is Thursday, February 20th. Microsoft’s payout ratio is presently 27.39%.

Insider Buying and Selling

In other Microsoft news, EVP Judson Althoff sold 25,000 shares of the business’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $417.00, for a total value of $10,425,000.00. Following the transaction, the executive vice president now directly owns 117,294 shares in the company, valued at $48,911,598. The trade was a 17.57 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Christopher David Young sold 7,200 shares of Microsoft stock in a transaction that occurred on 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 sale, the executive vice president now directly owns 103,366 shares in the company, valued at approximately $43,792,039.56. The trade was a 6.51 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 41,200 shares of company stock worth $17,383,892. Insiders own 0.03% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on MSFT shares. Wells Fargo & Company restated a “buy” rating on shares of Microsoft in a report on Friday, October 18th. KeyCorp lifted their price target on shares of Microsoft from $490.00 to $505.00 and gave the company 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 report on Tuesday, October 8th. UBS Group cut their price target on Microsoft from $510.00 to $500.00 and set a “buy” rating for the company in a report on Thursday, October 31st. Finally, Truist Financial restated a “buy” rating and set a $600.00 price objective on shares of Microsoft in a report on Monday, October 28th. Two analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company. According to MarketBeat, Microsoft has an average rating of “Moderate Buy” and a consensus target price of $505.43.

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.