Leonard Rickey Investment Advisors P.L.L.C. Sells 1,460 Shares of Microsoft Co. (NASDAQ:MSFT)

Leonard Rickey Investment Advisors P.L.L.C. lowered its stake in Microsoft Co. (NASDAQ:MSFT) by 10.1% during the 4th quarter, Holdings Channel reports. The institutional investor owned 12,979 shares of the software giant’s stock after selling 1,460 shares during the period. Microsoft makes up approximately 1.4% of Leonard Rickey Investment Advisors P.L.L.C.’s portfolio, making the stock its 13th biggest holding. Leonard Rickey Investment Advisors P.L.L.C.’s holdings in Microsoft were worth $4,880,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently modified their holdings of MSFT. Hibernia Wealth Partners LLC purchased a new position in Microsoft during the 3rd quarter valued at about $69,000. Iron Horse Wealth Management LLC grew its holdings in shares of Microsoft by 89.0% during the 3rd quarter. Iron Horse Wealth Management LLC now owns 223 shares of the software giant’s stock worth $70,000 after acquiring an additional 105 shares during the period. Authentikos Wealth Advisory LLC purchased a new position in shares of Microsoft during the 3rd quarter worth approximately $87,000. Family CFO Inc grew its holdings in shares of Microsoft by 13.6% during the 3rd quarter. Family CFO Inc now owns 359 shares of the software giant’s stock worth $113,000 after acquiring an additional 43 shares during the period. Finally, Cordant Inc. boosted its position in shares of Microsoft by 647.8% in the 4th quarter. Cordant Inc. now owns 344 shares of the software giant’s stock worth $129,000 after purchasing an additional 298 shares in the last quarter. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Insiders Place Their Bets

In other Microsoft news, insider Bradford L. Smith sold 3,303 shares of the stock in a transaction on Monday, February 5th. The stock was sold at an average price of $406.12, for a total value of $1,341,414.36. Following the completion of the sale, the insider now owns 570,826 shares in the company, valued at approximately $231,823,855.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Microsoft news, insider Bradford L. Smith sold 3,303 shares of the stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $406.12, for a total transaction of $1,341,414.36. Following the completion of the transaction, the insider now owns 570,826 shares of the company’s stock, valued at approximately $231,823,855.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Kathleen T. Hogan sold 21,955 shares of the stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $403.96, for a total transaction of $8,868,941.80. Following the transaction, the executive vice president now directly owns 159,764 shares of the company’s stock, valued at approximately $64,538,265.44. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,070,258 shares of company stock worth $30,690,456. Corporate insiders own 0.03% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on MSFT shares. UBS Group reissued a “buy” rating and issued a $480.00 price target on shares of Microsoft in a research report on Wednesday, April 10th. Jefferies Financial Group boosted their price target on Microsoft from $465.00 to $550.00 and gave the stock a “buy” rating in a research report on Monday, April 1st. KeyCorp started coverage on Microsoft in a research report on Thursday, March 21st. They issued an “overweight” rating and a $490.00 price target on the stock. StockNews.com cut Microsoft from a “buy” rating to a “hold” rating in a research report on Thursday, February 22nd. Finally, Barclays boosted their price target on Microsoft from $421.00 to $475.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 31st. Four investment analysts have rated the stock with a hold rating and thirty-five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $434.05.

Microsoft Trading Up 0.4 %

NASDAQ:MSFT opened at $409.06 on Thursday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.22 and a quick ratio of 1.20. The firm has a market capitalization of $3.04 trillion, a price-to-earnings ratio of 36.99, a price-to-earnings-growth ratio of 2.17 and a beta of 0.89. Microsoft Co. has a one year low of $275.37 and a one year high of $430.82. The business has a fifty day moving average price of $414.59 and a 200-day moving average price of $387.09.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings results on Tuesday, January 30th. The software giant reported $2.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.76 by $0.17. Microsoft had a return on equity of 38.40% and a net margin of 36.27%. The business had revenue of $62.02 billion during the quarter, compared to analyst estimates of $61.14 billion. During the same quarter in the prior year, the business posted $2.32 EPS. Microsoft’s revenue for the quarter was up 17.6% compared to the same quarter last year. Sell-side analysts forecast that Microsoft Co. will post 11.61 EPS for the current year.

Microsoft Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 13th. Shareholders of record on Thursday, May 16th will be paid a $0.75 dividend. The ex-dividend date is Wednesday, May 15th. This represents a $3.00 dividend on an annualized basis and a yield of 0.73%. Microsoft’s payout ratio is presently 27.12%.

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.