Rosenbaum Jay D. Has $256,000 Stake in Microsoft Co. (NASDAQ:MSFT)

Rosenbaum Jay D. trimmed its position in Microsoft Co. (NASDAQ:MSFT - Free Report) by 73.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 596 shares of the software giant's stock after selling 1,611 shares during the period. Microsoft accounts for 3.8% of Rosenbaum Jay D.'s portfolio, making the stock its 5th biggest position. Rosenbaum Jay D.'s holdings in Microsoft were worth $256,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in MSFT. International Assets Investment Management LLC lifted its holdings in shares of Microsoft by 48,526.1% during the third quarter. International Assets Investment Management LLC now owns 38,501,645 shares of the software giant's stock valued at $16,567,258,000 after purchasing an additional 38,422,466 shares during the last quarter. Wulff Hansen & CO. raised its stake in Microsoft by 47,196.6% during the second quarter. Wulff Hansen & CO. now owns 4,834,658 shares of the software giant's stock valued at $2,160,850,000 after buying an additional 4,824,436 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in Microsoft by 67.5% in the third quarter. Assenagon Asset Management S.A. now owns 5,963,863 shares of the software giant's stock worth $2,566,250,000 after acquiring an additional 2,404,348 shares in the last quarter. Baillie Gifford & Co. grew its stake in shares of Microsoft by 46.1% in the third quarter. Baillie Gifford & Co. now owns 7,048,244 shares of the software giant's stock worth $3,032,859,000 after acquiring an additional 2,222,483 shares during the last quarter. Finally, AustralianSuper Pty Ltd increased its holdings in shares of Microsoft by 56.9% during the third quarter. AustralianSuper Pty Ltd now owns 5,344,566 shares of the software giant's stock valued at $2,299,767,000 after acquiring an additional 1,938,304 shares in the last quarter. Institutional investors own 71.13% of the company's stock.

Insiders Place Their Bets

In other Microsoft news, CMO Takeshi Numoto sold 2,500 shares of the stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $447.41, for a total transaction of $1,118,525.00. Following the completion of the transaction, the chief marketing officer now owns 49,352 shares of the company's stock, valued at $22,080,578.32. This represents a 4.82 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Judson Althoff sold 25,000 shares of the firm'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 owns 117,294 shares of the company's stock, valued at approximately $48,911,598. The trade was a 17.57 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 41,200 shares of company stock worth $17,383,892 in the last three months. 0.03% of the stock is owned by company insiders.

Microsoft Price Performance

NASDAQ:MSFT traded down $2.65 during trading hours on Friday, hitting $444.06. 15,539,488 shares of the stock traded hands, compared to its average volume of 15,490,811. The stock has a 50 day moving average price of $431.05 and a 200 day moving average price of $425.82. 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 $3.30 trillion, a price-to-earnings ratio of 36.64, a price-to-earnings-growth ratio of 2.40 and a beta of 0.90. Microsoft Co. has a 1 year low of $385.58 and a 1 year high of $468.35.

Microsoft (NASDAQ:MSFT - Get Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The software giant reported $3.30 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.10 by $0.20. Microsoft had a return on equity of 34.56% and a net margin of 35.61%. The business had revenue of $65.59 billion during the quarter, compared to analyst estimates of $64.57 billion. During the same quarter in the prior year, the business posted $2.99 EPS. Microsoft's revenue for the quarter was up 16.0% compared to the same quarter last year. Sell-side analysts forecast that Microsoft Co. will post 12.9 EPS for the current fiscal year.

Microsoft Dividend Announcement

The firm 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. The ex-dividend date of this dividend is Thursday, February 20th. This represents a $3.32 dividend on an annualized basis and a yield of 0.75%. Microsoft's dividend payout ratio is presently 27.39%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on MSFT. Stifel Nicolaus increased their price objective on shares of Microsoft from $475.00 to $515.00 and gave the company a "buy" rating in a research report on Wednesday, December 18th. Royal Bank of Canada reiterated an "outperform" rating and set a $500.00 price target on shares of Microsoft in a report on Tuesday, November 5th. Wells Fargo & Company restated a "buy" rating on shares of Microsoft in a report on Friday, October 18th. Morgan Stanley reduced their target price on Microsoft from $548.00 to $540.00 and set an "overweight" rating for the company in a report on Wednesday. Finally, Truist Financial reaffirmed a "buy" rating and set a $600.00 price target on shares of Microsoft in a report on Monday, October 28th. Three research analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $512.66.

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.