Microsoft Co. (NASDAQ:MSFT) is Arcadia Investment Management Corp MI’s 3rd Largest Position

Arcadia Investment Management Corp MI lowered its holdings in Microsoft Co. (NASDAQ:MSFT) by 1.3% during the 3rd quarter, Holdings Channel reports. The firm owned 60,451 shares of the software giant’s stock after selling 776 shares during the period. Microsoft makes up about 4.3% of Arcadia Investment Management Corp MI’s investment portfolio, making the stock its 3rd largest holding. 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 institutional investors have also recently bought and sold shares of the business. Christopher J. Hasenberg Inc lifted its stake in Microsoft by 169.2% in the second quarter. Christopher J. Hasenberg Inc now owns 70 shares of the software giant’s stock valued at $31,000 after purchasing an additional 44 shares during the last quarter. Quarry LP bought a new stake in shares of Microsoft in the second quarter valued at $45,000. Innealta Capital LLC purchased a new position in shares of Microsoft during the 2nd quarter valued at $75,000. Carolina Wealth Advisors LLC increased its holdings in Microsoft by 10.1% in the 3rd quarter. Carolina Wealth Advisors LLC now owns 338 shares of the software giant’s stock worth $145,000 after acquiring an additional 31 shares during the last quarter. Finally, Bbjs Financial Advisors LLC raised its stake in Microsoft by 241.4% in the 2nd quarter. Bbjs Financial Advisors LLC now owns 379 shares of the software giant’s stock valued at $169,000 after acquiring an additional 268 shares during the period. Institutional investors own 71.13% of the company’s stock.

Microsoft Price Performance

Shares of Microsoft stock opened at $418.58 on Friday. The firm has a market capitalization of $3.11 trillion, a PE ratio of 34.54, a price-to-earnings-growth ratio of 2.37 and a beta of 0.90. The company has a current ratio of 1.30, a quick ratio of 1.29 and a debt-to-equity ratio of 0.15. Microsoft Co. has a 12 month low of $366.50 and a 12 month high of $468.35. The business’s 50-day moving average price is $428.83 and its 200-day moving average price is $428.45.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings results on Wednesday, October 30th. The software giant reported $3.30 EPS for the quarter, beating analysts’ consensus estimates of $3.10 by $0.20. The business had revenue of $65.59 billion for the quarter, compared to analysts’ expectations of $64.57 billion. Microsoft had a net margin of 35.61% and a return on equity of 34.56%. The business’s quarterly revenue was up 16.0% on a year-over-year basis. During the same period last year, the business earned $2.99 earnings per share. Sell-side analysts forecast that Microsoft Co. will post 12.93 EPS for the current fiscal year.

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

Microsoft Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 20th will be given a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date of this dividend is Thursday, February 20th. Microsoft’s payout ratio is presently 27.39%.

Insiders Place Their Bets

In related news, CMO Takeshi Numoto sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $414.72, for a total transaction of $414,720.00. Following the transaction, the chief marketing officer now directly owns 57,511 shares in the company, valued at $23,850,961.92. This trade represents a 1.71 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Judson Althoff sold 25,000 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $417.00, for a total transaction of $10,425,000.00. Following the completion of the transaction, the executive vice president now owns 117,294 shares in the company, 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 41,200 shares of company stock valued at $17,383,892 over the last three months. Insiders own 0.03% of the company’s stock.

Analyst Upgrades and Downgrades

MSFT has been the subject of a number of research reports. TD Cowen cut their target price on shares of Microsoft from $495.00 to $475.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $500.00 price objective on shares of Microsoft in a report on Tuesday, November 5th. Piper Sandler reissued an “overweight” rating and set a $470.00 target price on shares of Microsoft 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. Finally, Truist Financial reiterated a “buy” rating and set 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 given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $509.90.

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.