Rollins Financial Advisors LLC Sells 1,160 Shares of Microsoft Co. (NASDAQ:MSFT)

Rollins Financial Advisors LLC trimmed its holdings in Microsoft Co. (NASDAQ:MSFT - Free Report) by 1.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 117,614 shares of the software giant's stock after selling 1,160 shares during the quarter. Microsoft makes up approximately 7.7% of Rollins Financial Advisors LLC's holdings, making the stock its 3rd biggest position. Rollins Financial Advisors LLC's holdings in Microsoft were worth $49,574,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Fiduciary Advisors Inc. purchased a new stake in Microsoft during the fourth quarter valued at $38,000. IFS Advisors LLC increased its holdings in shares of Microsoft by 53.8% in the 4th quarter. IFS Advisors LLC now owns 100 shares of the software giant's stock worth $42,000 after buying an additional 35 shares during the last quarter. Avondale Wealth Management raised its position in shares of Microsoft by 144.4% during the 4th quarter. Avondale Wealth Management now owns 110 shares of the software giant's stock valued at $46,000 after buying an additional 65 shares in the last quarter. Fairway Wealth LLC purchased a new position in Microsoft in the fourth quarter worth about $62,000. Finally, Sellwood Investment Partners LLC bought a new stake in Microsoft during the fourth quarter worth approximately $120,000. 71.13% of the stock is currently owned by institutional investors.

Insider Activity at Microsoft

In other news, insider Bradford L. Smith sold 6,000 shares of the company's stock in a transaction on Monday, May 5th. The stock was sold at an average price of $433.17, for a total transaction of $2,599,020.00. Following the transaction, the insider now directly owns 471,036 shares of the company's stock, valued at approximately $204,038,664.12. This represents a 1.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Takeshi Numoto sold 1,000 shares of the stock in a transaction on Friday, May 30th. The shares were sold at an average price of $460.01, for a total value of $460,010.00. Following the sale, the executive vice president now owns 47,058 shares of the company's stock, valued at approximately $21,647,150.58. This represents a 2.08% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 135,743 shares of company stock valued at $60,224,683 over the last quarter. 0.03% of the stock is owned by corporate insiders.

Microsoft Stock Down 0.8%

Microsoft stock traded down $3.91 during midday trading on Friday, hitting $474.96. 16,804,288 shares of the company's stock were exchanged, compared to its average volume of 21,485,191. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.34 and a current ratio of 1.35. The company has a market cap of $3.53 trillion, a PE ratio of 38.24, a P/E/G ratio of 2.21 and a beta of 1.03. The firm has a 50-day moving average of $425.64 and a two-hundred day moving average of $418.26. Microsoft Co. has a 12 month low of $344.79 and a 12 month high of $480.42.

Microsoft (NASDAQ:MSFT - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The software giant reported $3.46 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.22 by $0.24. The firm had revenue of $70.07 billion for the quarter, compared to the consensus estimate of $68.54 billion. Microsoft had a net margin of 35.43% and a return on equity of 33.36%. The company's quarterly revenue was up 13.3% on a year-over-year basis. During the same period last year, the firm earned $2.94 earnings per share. As a group, analysts expect that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Investors 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 dividend yield of 0.70%. The ex-dividend date of this dividend is Thursday, August 21st. Microsoft's dividend payout ratio (DPR) is currently 25.66%.

Wall Street Analysts Forecast Growth

MSFT has been the subject of several analyst reports. DA Davidson raised their price objective on Microsoft from $450.00 to $500.00 and gave the company a "buy" rating in a research note on Thursday, May 1st. Royal Bank of Canada restated an "outperform" rating and set a $525.00 price target on shares of Microsoft in a report on Friday, May 23rd. Wall Street Zen raised shares of Microsoft from a "hold" rating to a "buy" rating in a research note on Thursday, May 22nd. Westpark Capital reiterated a "hold" rating on shares of Microsoft in a research report on Thursday, May 1st. Finally, Tigress Financial raised their target price on shares of Microsoft from $550.00 to $595.00 and gave the stock a "buy" rating in a report on Thursday, March 20th. Four equities research analysts have rated the stock with a hold rating and thirty have issued a buy rating to the company. According to data from MarketBeat, Microsoft presently has a consensus rating of "Moderate Buy" and an average price target of $515.68.

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.