Keeler & Nadler Financial Planning & Wealth Management Decreases Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

Keeler & Nadler Financial Planning & Wealth Management lowered its holdings in Microsoft Co. (NASDAQ:MSFT) by 3.5% during the 4th quarter, Holdings Channel reports. The firm owned 2,334 shares of the software giant’s stock after selling 84 shares during the period. Keeler & Nadler Financial Planning & Wealth Management’s holdings in Microsoft were worth $984,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. WFA Asset Management Corp boosted its stake in Microsoft by 27.0% in the first quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant’s stock valued at $427,000 after acquiring an additional 216 shares during the last quarter. Ironwood Wealth Management LLC. increased its stake in shares of Microsoft by 0.3% during the 2nd quarter. Ironwood Wealth Management LLC. now owns 12,658 shares of the software giant’s stock worth $5,658,000 after purchasing an additional 38 shares during the last quarter. Nicholas Investment Partners LP raised its holdings in shares of Microsoft by 3.0% in the 2nd quarter. Nicholas Investment Partners LP now owns 39,743 shares of the software giant’s stock worth $17,763,000 after purchasing an additional 1,164 shares during the period. Achmea Investment Management B.V. lifted its stake in Microsoft by 4.6% in the second quarter. Achmea Investment Management B.V. now owns 791,058 shares of the software giant’s stock valued at $353,564,000 after purchasing an additional 34,760 shares during the last quarter. Finally, Cornercap Investment Counsel Inc. grew its holdings in Microsoft by 1.7% during the second quarter. Cornercap Investment Counsel Inc. now owns 11,907 shares of the software giant’s stock valued at $5,322,000 after purchasing an additional 196 shares during the period. Institutional investors own 71.13% of the company’s stock.

Analysts Set New Price Targets

MSFT has been the topic of several research reports. DA Davidson restated a “neutral” rating and issued a $425.00 target price on shares of Microsoft in a research note on Thursday, January 30th. Stifel Nicolaus boosted their price objective on Microsoft from $475.00 to $515.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Piper Sandler reaffirmed an “overweight” rating and set a $520.00 price objective on shares of Microsoft in a report on Monday, January 27th. Wedbush reiterated an “outperform” rating and issued a $550.00 target price on shares of Microsoft in a research note on Tuesday, November 19th. Finally, Morgan Stanley lowered their price target on shares of Microsoft from $540.00 to $530.00 and set an “overweight” rating on the stock in a research report on Thursday, January 30th. Three research analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $510.96.

Insider Transactions at Microsoft

In related news, CMO Takeshi Numoto sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $437.32, for a total value of $874,640.00. Following the completion of the sale, the chief marketing officer now owns 51,852 shares in the company, valued at $22,675,916.64. The trade was a 3.71 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In the last three months, insiders sold 7,000 shares of company stock worth $3,070,340. 0.03% of the stock is currently owned by corporate insiders.

Microsoft Trading Down 1.5 %

Shares of MSFT opened at $397.90 on Wednesday. Microsoft Co. has a 1-year low of $385.58 and a 1-year high of $468.35. The company has a market capitalization of $2.96 trillion, a P/E ratio of 32.04, a P/E/G ratio of 2.21 and a beta of 0.90. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.34. The firm’s 50 day simple moving average is $423.12 and its 200 day simple moving average is $423.05.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings data on Wednesday, January 29th. The software giant reported $3.23 earnings per share for the quarter, beating the consensus estimate of $3.15 by $0.08. Microsoft had a net margin of 35.43% and a return on equity of 33.36%. During the same quarter in the previous year, the company posted $2.93 EPS. Sell-side analysts forecast that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 20th will be paid a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a yield of 0.83%. The ex-dividend date of this dividend is Thursday, February 20th. Microsoft’s dividend payout ratio (DPR) is currently 26.73%.

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.