R. W. Roge & Company Inc. Sells 195 Shares of Microsoft Co. (NASDAQ:MSFT)

R. W. Roge & Company Inc. lessened its holdings in Microsoft Co. (NASDAQ:MSFT) by 6.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,072 shares of the software giant’s stock after selling 195 shares during the quarter. Microsoft makes up approximately 0.7% of R. W. Roge & Company Inc.’s investment portfolio, making the stock its 17th largest position. R. W. Roge & Company Inc.’s holdings in Microsoft were worth $1,321,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. International Assets Investment Management LLC increased its holdings in Microsoft by 48,526.1% in the third quarter. International Assets Investment Management LLC now owns 38,501,645 shares of the software giant’s stock worth $16,567,258,000 after purchasing an additional 38,422,466 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in Microsoft by 0.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 34,511,544 shares of the software giant’s stock worth $15,426,767,000 after purchasing an additional 97,075 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Microsoft by 6.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 24,091,789 shares of the software giant’s stock valued at $10,768,771,000 after buying an additional 1,563,533 shares during the last quarter. Swiss National Bank boosted its holdings in Microsoft by 0.3% during the third quarter. Swiss National Bank now owns 20,957,770 shares of the software giant’s stock worth $9,018,128,000 after purchasing an additional 57,800 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. lifted its holdings in Microsoft by 1.4% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 18,388,106 shares of the software giant’s stock worth $7,912,402,000 after acquiring an additional 251,408 shares during the period. 71.13% of the stock is owned by institutional investors and hedge funds.

Microsoft Stock Performance

Shares of MSFT stock opened at $444.06 on Monday. The stock has a 50 day moving average price of $431.05 and a two-hundred day moving average price of $425.54. Microsoft Co. has a fifty-two week low of $385.58 and a fifty-two week high of $468.35. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.29 and a current ratio of 1.30. The company has a market capitalization of $3.30 trillion, a P/E ratio of 36.64, a PEG ratio of 2.40 and a beta of 0.90.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings data on Wednesday, October 30th. The software giant reported $3.30 earnings per share for the quarter, topping analysts’ consensus estimates of $3.10 by $0.20. The firm 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%. The business’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 EPS. Analysts expect that Microsoft Co. will post 12.9 earnings per share for the current year.

Microsoft Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 20th will be given a $0.83 dividend. This represents a $3.32 annualized dividend and a dividend yield of 0.75%. The ex-dividend date is Thursday, February 20th. Microsoft’s dividend payout ratio is currently 27.39%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the stock. Piper Sandler increased their target price on shares of Microsoft from $470.00 to $520.00 and gave the company an “overweight” rating in a research report on Monday, January 6th. Stifel Nicolaus increased their price target on Microsoft from $475.00 to $515.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Cantor Fitzgerald began coverage on shares of Microsoft in a research report on Friday, January 17th. They issued an “overweight” rating and a $509.00 price target on the stock. Citigroup cut their target price on Microsoft from $500.00 to $497.00 and set a “buy” rating for the company in a research note on Wednesday, October 23rd. Finally, BMO Capital Markets lowered their target price on shares of Microsoft from $500.00 to $495.00 and set an “outperform” rating on the stock in a research note on Thursday, October 31st. Three research analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $512.66.

Insider Activity

In other news, EVP Christopher David Young sold 7,200 shares of Microsoft stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $423.66, for a total value of $3,050,352.00. Following the completion of the transaction, the executive vice president now owns 103,366 shares of the company’s stock, valued at $43,792,039.56. The trade was a 6.51 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 sale, the chief marketing officer now directly owns 49,352 shares in the company, valued at $22,080,578.32. This trade represents a 4.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 41,200 shares of company stock worth $17,383,892. Corporate insiders own 0.03% of the company’s stock.

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.