Microsoft Corporation $MSFT Shares Sold by Neville Rodie & Shaw Inc.

Neville Rodie & Shaw Inc. reduced its position in Microsoft Corporation (NASDAQ:MSFT) by 10.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 151,659 shares of the software giant’s stock after selling 17,097 shares during the period. Microsoft comprises about 5.7% of Neville Rodie & Shaw Inc.’s holdings, making the stock its 2nd largest position. Neville Rodie & Shaw Inc.’s holdings in Microsoft were worth $78,552,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of MSFT. Longfellow Investment Management Co. LLC lifted its stake in shares of Microsoft by 51.3% in the second quarter. Longfellow Investment Management Co. LLC now owns 59 shares of the software giant’s stock worth $29,000 after buying an additional 20 shares during the last quarter. Bulwark Capital Corp bought a new stake in shares of Microsoft in the second quarter valued at about $32,000. Westend Capital Management LLC grew its holdings in shares of Microsoft by 386.7% during the 2nd quarter. Westend Capital Management LLC now owns 73 shares of the software giant’s stock worth $36,000 after purchasing an additional 58 shares in the last quarter. LSV Asset Management bought a new stake in Microsoft in the 4th quarter valued at $44,000. Finally, University of Illinois Foundation acquired a new stake in Microsoft during the second quarter valued at approximately $50,000. Institutional investors own 71.13% of the company’s stock.

Analyst Upgrades and Downgrades

MSFT has been the topic of several recent analyst reports. Mizuho downgraded Microsoft from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 18th. UBS Group reiterated a “buy” rating and set a $650.00 price target on shares of Microsoft in a research report on Thursday, October 30th. DZ Bank reissued a “buy” rating on shares of Microsoft in a research note on Thursday, October 30th. Wall Street Zen raised shares of Microsoft from a “hold” rating to a “buy” rating in a research report on Saturday, December 6th. Finally, HSBC lifted their price objective on Microsoft from $643.00 to $648.00 in a report on Monday, October 27th. Two analysts have rated the stock with a Strong Buy rating, thirty-seven have issued a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $631.03.

Microsoft Stock Performance

Shares of MSFT opened at $476.39 on Wednesday. The company has a market cap of $3.54 trillion, a PE ratio of 33.88, a price-to-earnings-growth ratio of 1.78 and a beta of 1.07. The firm has a 50-day moving average of $502.02 and a 200-day moving average of $502.89. Microsoft Corporation has a one year low of $344.79 and a one year high of $555.45. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.40 and a quick ratio of 1.39.

Microsoft (NASDAQ:MSFT) last issued its earnings results on Wednesday, October 29th. The software giant reported $4.13 EPS for the quarter, topping the consensus estimate of $3.65 by $0.48. Microsoft had a return on equity of 32.45% and a net margin of 35.71%.The company had revenue of $77.67 billion during the quarter, compared to the consensus estimate of $75.49 billion. During the same period in the previous year, the company posted $3.30 EPS. The firm’s revenue for the quarter was up 18.4% compared to the same quarter last year. As a group, equities analysts forecast that Microsoft Corporation will post 13.08 earnings per share for the current year.

Microsoft Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 12th. Stockholders of record on Thursday, February 19th will be given a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Thursday, February 19th. Microsoft’s payout ratio is presently 25.89%.

Insider Activity

In related news, CEO Judson Althoff sold 12,750 shares of the company’s stock in a transaction that occurred on Tuesday, December 2nd. The shares were sold at an average price of $491.52, for a total transaction of $6,266,880.00. Following the completion of the transaction, the chief executive officer directly owned 129,349 shares in the company, valued at $63,577,620.48. This represents a 8.97% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Bradford L. Smith sold 38,500 shares of the stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $518.64, for a total value of $19,967,640.00. Following the completion of the transaction, the insider owned 461,597 shares of the company’s stock, valued at $239,402,668.08. The trade was a 7.70% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 54,100 shares of company stock worth $27,598,872. 0.03% of the stock is currently owned by company insiders.

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.