Microsoft Co. (NASDAQ:MSFT) is Resources Management Corp CT ADV's 2nd Largest Position

Resources Management Corp CT ADV trimmed its position in Microsoft Co. (NASDAQ:MSFT - Free Report) by 1.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 94,820 shares of the software giant's stock after selling 1,517 shares during the period. Microsoft accounts for 6.2% of Resources Management Corp CT ADV's portfolio, making the stock its 2nd biggest position. Resources Management Corp CT ADV's holdings in Microsoft were worth $42,380,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Christopher J. Hasenberg Inc increased its position in shares of Microsoft by 169.2% during the second quarter. Christopher J. Hasenberg Inc now owns 70 shares of the software giant's stock valued at $31,000 after acquiring an additional 44 shares in the last quarter. Innealta Capital LLC bought a new stake in shares of Microsoft in the 2nd quarter worth $75,000. Bellevue Group AG increased its holdings in shares of Microsoft by 47.5% in the 1st quarter. Bellevue Group AG now owns 180 shares of the software giant's stock worth $76,000 after purchasing an additional 58 shares in the last quarter. 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 purchasing an additional 268 shares in the last quarter. Finally, MayTech Global Investments LLC purchased a new stake in shares of Microsoft during the second quarter valued at $200,000. Hedge funds and other institutional investors own 71.13% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on MSFT. TD Cowen lowered their target price on shares of Microsoft from $495.00 to $475.00 and set a "buy" rating on the stock in a research note on Thursday, October 31st. BMO Capital Markets cut their target price on shares of Microsoft from $500.00 to $495.00 and set an "outperform" rating for the company in a research report on Thursday, October 31st. The Goldman Sachs Group dropped their price target on Microsoft from $515.00 to $500.00 and set a "buy" rating on the stock in a research note on Thursday, October 10th. Piper Sandler reiterated an "overweight" rating and set a $470.00 price objective on shares of Microsoft in a research report on Thursday, October 31st. Finally, Citigroup dropped their target price on Microsoft from $500.00 to $497.00 and set a "buy" rating on the stock in a research report on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $503.03.

Insider Transactions at Microsoft

In other news, insider Bradford L. Smith sold 40,000 shares of Microsoft stock in a transaction on Monday, September 9th. The stock was sold at an average price of $402.59, for a total transaction of $16,103,600.00. Following the transaction, the insider now owns 544,847 shares in the company, valued at $219,349,953.73. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Microsoft news, CMO Takeshi Numoto sold 2,500 shares of the company's stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $411.04, for a total transaction of $1,027,600.00. Following the sale, the chief marketing officer now owns 50,000 shares in the company, valued at $20,552,000. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Bradford L. Smith sold 40,000 shares of the stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $402.59, for a total transaction of $16,103,600.00. Following the completion of the sale, the insider now directly owns 544,847 shares in the company, valued at approximately $219,349,953.73. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 190,629 shares of company stock valued at $77,916,485 over the last 90 days. 0.03% of the stock is currently owned by corporate insiders.

Microsoft Stock Performance

MSFT traded down $2.89 on Friday, reaching $422.54. The stock had a trading volume of 16,891,414 shares, compared to its average volume of 20,265,076. The business's 50-day moving average price is $421.09 and its two-hundred day moving average price is $425.07. The company has a market cap of $3.14 trillion, a P/E ratio of 34.86, a price-to-earnings-growth ratio of 2.23 and a beta of 0.91. Microsoft Co. has a 12-month low of $360.36 and a 12-month high of $468.35. 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 (NASDAQ:MSFT - Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The software giant reported $3.30 EPS for the quarter, beating the consensus estimate of $3.10 by $0.20. The company had revenue of $65.59 billion for the quarter, compared to analyst estimates of $64.57 billion. Microsoft had a return on equity of 34.56% and a net margin of 35.61%. Microsoft's quarterly revenue was up 16.0% compared to the same quarter last year. During the same period last year, the company earned $2.99 earnings per share. Sell-side analysts forecast that Microsoft Co. will post 12.94 earnings per share for the current year.

Microsoft Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st will be paid a $0.83 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This is a positive change from Microsoft's previous quarterly dividend of $0.75. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.79%. Microsoft's payout ratio is currently 24.75%.

Microsoft announced that its Board of Directors has authorized a share repurchase plan on Monday, September 16th that authorizes the company to repurchase $60.00 billion in shares. This repurchase authorization authorizes the software giant to purchase up to 1.9% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's board of directors believes its shares are undervalued.

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.