Microsoft Co. (NASDAQ:MSFT) Shares Sold by Frank Rimerman Advisors LLC

Frank Rimerman Advisors LLC decreased its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 6.0% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 133,710 shares of the software giant’s stock after selling 8,510 shares during the period. Microsoft accounts for about 4.1% of Frank Rimerman Advisors LLC’s holdings, making the stock its 5th largest position. Frank Rimerman Advisors LLC’s holdings in Microsoft were worth $57,535,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Christopher J. Hasenberg Inc boosted its stake in Microsoft by 169.2% during the 2nd 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 period. Quarry LP bought a new stake in Microsoft in the 2nd quarter valued at $45,000. Innealta Capital LLC acquired a new position in Microsoft in the second quarter worth about $75,000. Carolina Wealth Advisors LLC raised its holdings in shares of 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 buying an additional 31 shares in the last quarter. Finally, Bbjs Financial Advisors LLC lifted its holdings in shares of Microsoft by 241.4% during the second 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. 71.13% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Morgan Stanley raised their price objective on shares of Microsoft from $506.00 to $548.00 and gave the stock an “overweight” rating in a report on Thursday, October 31st. UBS Group upped their target price on shares of Microsoft from $500.00 to $525.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Wedbush restated an “outperform” rating and issued a $550.00 price objective on shares of Microsoft in a research report on Tuesday, November 19th. Mizuho increased their price objective on Microsoft from $480.00 to $510.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. Finally, JPMorgan Chase & Co. dropped their target price on Microsoft from $470.00 to $465.00 and set an “overweight” rating for the company in a research report on Thursday, October 31st. Three analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $509.90.

Microsoft Stock Down 0.3 %

Shares of Microsoft stock opened at $435.25 on Tuesday. The company has a market capitalization of $3.24 trillion, a P/E ratio of 35.91, a price-to-earnings-growth ratio of 2.37 and a beta of 0.90. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.30 and a quick ratio of 1.29. Microsoft Co. has a 1 year low of $366.50 and a 1 year high of $468.35. The business has a 50-day moving average of $427.02 and a two-hundred day moving average of $428.51.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings results on Wednesday, October 30th. The software giant reported $3.30 earnings per share for the quarter, topping the consensus estimate of $3.10 by $0.20. Microsoft had a return on equity of 34.56% and a net margin of 35.61%. The firm had revenue of $65.59 billion for the quarter, compared to analyst estimates of $64.57 billion. During the same quarter in the previous year, the firm earned $2.99 EPS. The business’s quarterly revenue was up 16.0% on a year-over-year basis. As a group, equities analysts predict that Microsoft Co. will post 12.93 EPS for the current year.

Microsoft Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 20th will be issued a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date of this dividend is Thursday, February 20th. Microsoft’s dividend payout ratio is 27.39%.

Microsoft announced that its board has approved a share repurchase plan on Monday, September 16th that authorizes the company to repurchase $60.00 billion in outstanding shares. This repurchase authorization authorizes the software giant to buy up to 1.9% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its stock is undervalued.

Insider Activity

In other news, EVP Judson Althoff sold 25,000 shares of the firm’s stock in a transaction 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 completion of the transaction, the executive vice president now owns 117,294 shares of the company’s stock, valued at approximately $48,911,598. This trade represents a 17.57 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CMO Takeshi Numoto sold 1,000 shares of Microsoft stock in a transaction 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 owns 57,511 shares in the company, valued at approximately $23,850,961.92. This trade represents a 1.71 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 41,200 shares of company stock worth $17,383,892. Corporate insiders own 0.03% of the company’s stock.

About Microsoft

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.