Microsoft Co. (NASDAQ:MSFT) is Peoples Financial Services CORP.'s 4th Largest Position

Peoples Financial Services CORP. trimmed its position in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) by 2.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,441 shares of the software giant's stock after selling 671 shares during the quarter. Microsoft accounts for approximately 4.6% of Peoples Financial Services CORP.'s investment portfolio, making the stock its 4th largest position. Peoples Financial Services CORP.'s holdings in Microsoft were worth $9,880,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MSFT. Christopher J. Hasenberg Inc grew its position in shares of Microsoft by 35.7% in the third quarter. Christopher J. Hasenberg Inc now owns 95 shares of the software giant's stock valued at $39,000 after purchasing an additional 25 shares during the period. Quarry LP purchased a new position in shares of Microsoft during the second quarter worth approximately $45,000. Avondale Wealth Management raised its holdings in Microsoft by 144.4% during the fourth quarter. Avondale Wealth Management now owns 110 shares of the software giant's stock worth $46,000 after purchasing an additional 65 shares in the last quarter. MidAtlantic Capital Management Inc. purchased a new stake in Microsoft during the third quarter worth $62,000. Finally, Kieckhefer Group LLC acquired a new position in Microsoft in the 4th quarter valued at about $141,000. Institutional investors own 71.13% of the company's stock.

Insider Transactions at Microsoft

In other news, CMO Takeshi Numoto sold 2,500 shares of the company's stock in a transaction on 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 sale, the chief marketing officer now directly owns 49,352 shares of the company's stock, valued at approximately $22,080,578.32. This represents a 4.82 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Over the last 90 days, insiders sold 7,000 shares of company stock valued at $3,070,340. 0.03% of the stock is currently owned by corporate insiders.

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Microsoft Trading Down 1.8 %

MSFT traded down $7.20 during trading on Thursday, reaching $392.53. The company had a trading volume of 21,165,666 shares, compared to its average volume of 22,686,945. Microsoft Co. has a 12-month low of $385.58 and a 12-month high of $468.35. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.34 and a current ratio of 1.35. The company has a market cap of $2.92 trillion, a price-to-earnings ratio of 31.60, a PEG ratio of 2.21 and a beta of 0.90. The firm's 50-day simple moving average is $422.36 and its 200 day simple moving average is $423.01.

Microsoft (NASDAQ:MSFT - Get Free Report) last released its quarterly earnings data on Wednesday, January 29th. The software giant reported $3.23 earnings per share 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 prior year, the business earned $2.93 EPS. Equities research analysts anticipate that Microsoft Co. will post 13.08 earnings per share for the current year.

Microsoft Dividend Announcement

The firm also recently announced 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 is Thursday, February 20th. This represents a $3.32 annualized dividend and a dividend yield of 0.85%. Microsoft's dividend payout ratio is currently 26.73%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. DA Davidson reissued a "neutral" rating and set a $425.00 price target on shares of Microsoft in a research report on Thursday, January 30th. UBS Group lowered their price objective on shares of Microsoft from $525.00 to $510.00 and set a "buy" rating on the stock in a research report on Thursday, January 30th. Mizuho cut their price objective on Microsoft from $510.00 to $500.00 and set an "outperform" rating on the stock in a research note on Thursday, January 30th. Morgan Stanley cut their price target on shares of Microsoft from $540.00 to $530.00 and set an "overweight" rating for the company in a research note on Thursday, January 30th. Finally, Stifel Nicolaus upped their price objective on Microsoft from $475.00 to $515.00 and gave the stock a "buy" rating in a report on Wednesday, December 18th. Three analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the stock. According to MarketBeat.com, Microsoft currently has an average rating of "Moderate Buy" and an average price target of $510.96.

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.