Microsoft Corporation (NASDAQ:MSFT) Shares Sold by Orrstown Financial Services Inc.

Orrstown Financial Services Inc. lowered its stake in Microsoft Corporation (NASDAQ:MSFT - Free Report) by 11.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,284 shares of the software giant's stock after selling 1,855 shares during the period. Microsoft accounts for 1.3% of Orrstown Financial Services Inc.'s holdings, making the stock its 11th biggest position. Orrstown Financial Services Inc.'s holdings in Microsoft were worth $5,362,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Ball & Co Wealth Management Inc. purchased a new position in shares of Microsoft during the fourth quarter worth $31,000. Fiduciary Advisors Inc. purchased a new position in shares of Microsoft during the fourth quarter worth $38,000. LSV Asset Management purchased a new position in shares of Microsoft during the fourth quarter worth $44,000. Fairway Wealth LLC purchased a new position in shares of Microsoft during the fourth quarter worth $62,000. Finally, IFS Advisors LLC raised its holdings in shares of Microsoft by 50.0% during the first quarter. IFS Advisors LLC now owns 150 shares of the software giant's stock worth $57,000 after purchasing an additional 50 shares during the last quarter. Hedge funds and other institutional investors own 71.13% of the company's stock.

Microsoft Price Performance

MSFT traded down $1.10 on Tuesday, reaching $496.62. 11,831,573 shares of the company's stock were exchanged, compared to its average volume of 21,644,968. The stock has a market cap of $3.69 trillion, a PE ratio of 38.38, a P/E/G ratio of 2.26 and a beta of 1.04. Microsoft Corporation has a twelve month low of $344.79 and a twelve month high of $500.76. The stock's fifty day moving average price is $463.54 and its 200-day moving average price is $423.91. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.37 and a quick ratio of 1.36.

Microsoft (NASDAQ:MSFT - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The software giant reported $3.46 earnings per share for the quarter, topping analysts' consensus estimates of $3.22 by $0.24. The firm had revenue of $70.07 billion for the quarter, compared to analyst estimates of $68.54 billion. Microsoft had a net margin of 35.79% and a return on equity of 32.74%. Microsoft's quarterly revenue was up 13.3% on a year-over-year basis. During the same period in the previous year, the business posted $2.94 earnings per share. Sell-side analysts expect that Microsoft Corporation will post 13.08 EPS for the current year.

Microsoft Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Thursday, August 21st will be paid a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date is Thursday, August 21st. Microsoft's dividend payout ratio (DPR) is presently 25.66%.

Insider Activity at Microsoft

In other Microsoft news, EVP Amy Coleman sold 13,243 shares of Microsoft stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $452.01, for a total transaction of $5,985,968.43. Following the transaction, the executive vice president directly owned 43,100 shares of the company's stock, valued at $19,481,631. The trade was a 23.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Kathleen T. Hogan sold 21,500 shares of Microsoft stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $453.77, for a total transaction of $9,756,055.00. Following the transaction, the executive vice president directly owned 134,888 shares in the company, valued at $61,208,127.76. This trade represents a 13.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 135,743 shares of company stock valued at $60,224,683 over the last ninety days. Corporate insiders own 0.03% of the company's stock.

Analyst Ratings Changes

Several brokerages recently issued reports on MSFT. Royal Bank Of Canada reissued an "outperform" rating and set a $525.00 target price on shares of Microsoft in a report on Friday, May 23rd. The Goldman Sachs Group raised their price target on shares of Microsoft from $480.00 to $550.00 and gave the company a "buy" rating in a research report on Wednesday, May 21st. BMO Capital Markets restated an "outperform" rating on shares of Microsoft in a research report on Wednesday, May 21st. Benchmark restated a "buy" rating on shares of Microsoft in a research report on Thursday, May 1st. Finally, Citigroup raised their price target on shares of Microsoft from $540.00 to $605.00 and gave the company a "buy" rating in a research report on Wednesday, June 11th. Five research analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $524.71.

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.