Microsoft Co. (NASDAQ:MSFT) is Orrstown Financial Services Inc.’s 10th Largest Position

Orrstown Financial Services Inc. reduced its position in Microsoft Co. (NASDAQ:MSFT) by 5.7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 16,139 shares of the software giant’s stock after selling 977 shares during the period. Microsoft comprises approximately 1.8% of Orrstown Financial Services Inc.’s holdings, making the stock its 10th biggest holding. Orrstown Financial Services Inc.’s holdings in Microsoft were worth $6,803,000 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 company. Allen Capital Group LLC grew its stake in shares of Microsoft by 7.1% during the 4th quarter. Allen Capital Group LLC now owns 23,171 shares of the software giant’s stock valued at $9,767,000 after buying an additional 1,541 shares during the period. Strategic Blueprint LLC grew its stake in shares of Microsoft by 5.1% during the 4th quarter. Strategic Blueprint LLC now owns 59,271 shares of the software giant’s stock valued at $24,983,000 after buying an additional 2,857 shares during the period. Iams Wealth Management LLC grew its stake in shares of Microsoft by 6.4% during the 4th quarter. Iams Wealth Management LLC now owns 11,068 shares of the software giant’s stock valued at $4,666,000 after buying an additional 669 shares during the period. Masso Torrence Wealth Management Inc. grew its stake in shares of Microsoft by 2.2% during the 4th quarter. Masso Torrence Wealth Management Inc. now owns 12,406 shares of the software giant’s stock valued at $5,229,000 after buying an additional 262 shares during the period. Finally, McKinley Carter Wealth Services Inc. grew its stake in shares of Microsoft by 0.3% during the 4th quarter. McKinley Carter Wealth Services Inc. now owns 44,280 shares of the software giant’s stock valued at $18,664,000 after buying an additional 126 shares during the period. 71.13% of the stock is owned by hedge funds and other institutional investors.

Microsoft Stock Performance

NASDAQ:MSFT opened at $391.26 on Friday. Microsoft Co. has a 1 year low of $376.91 and a 1 year high of $468.35. The firm’s fifty day simple moving average is $408.82 and its 200 day simple moving average is $419.65. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $2.91 trillion, a PE ratio of 31.50, a PEG ratio of 2.21 and a beta of 0.92.

Microsoft (NASDAQ:MSFT) last posted its earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 period last year, the firm posted $2.93 EPS. On average, sell-side analysts anticipate that Microsoft Co. will post 13.08 EPS for the current year.

Microsoft Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Thursday, May 15th will be paid a $0.83 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.32 dividend on an annualized basis and a yield of 0.85%. Microsoft’s payout ratio is presently 26.73%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on MSFT. Loop Capital boosted their price objective on shares of Microsoft from $500.00 to $550.00 and gave the company a “buy” rating in a research note on Monday, December 23rd. Piper Sandler restated an “overweight” rating and set a $520.00 target price on shares of Microsoft in a report on Monday, January 27th. Royal Bank of Canada restated an “outperform” rating and set a $500.00 target price on shares of Microsoft in a report on Thursday, January 30th. Morgan Stanley reduced their target price on shares of Microsoft from $540.00 to $530.00 and set an “overweight” rating on the stock in a report on Thursday, January 30th. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $509.00 target price on shares of Microsoft in a report on Wednesday, January 29th. Three investment analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $510.59.

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.