Rollins Financial Advisors LLC Has $49.57 Million Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

Rollins Financial Advisors LLC lessened its stake in Microsoft Co. (NASDAQ:MSFT) by 1.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 117,614 shares of the software giant’s stock after selling 1,160 shares during the period. Microsoft accounts for 7.7% of Rollins Financial Advisors LLC’s portfolio, making the stock its 3rd biggest holding. Rollins Financial Advisors LLC’s holdings in Microsoft were worth $49,574,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MSFT. Adamsbrown Wealth Consultants LLC boosted its position in shares of Microsoft by 2.2% during the 4th quarter. Adamsbrown Wealth Consultants LLC now owns 5,967 shares of the software giant’s stock valued at $2,515,000 after purchasing an additional 130 shares in the last quarter. Mcdaniel Terry & Co. lifted its stake in Microsoft by 6.1% during the fourth quarter. Mcdaniel Terry & Co. now owns 315,594 shares of the software giant’s stock valued at $133,023,000 after buying an additional 18,052 shares in the last quarter. 1900 Wealth Management LLC lifted its position in shares of Microsoft by 3.0% in the fourth quarter. 1900 Wealth Management LLC now owns 10,140 shares of the software giant’s stock worth $4,274,000 after purchasing an additional 294 shares in the last quarter. Strategic Financial Services Inc. lifted its position in shares of Microsoft by 7.8% in the fourth quarter. Strategic Financial Services Inc. now owns 17,426 shares of the software giant’s stock worth $7,345,000 after purchasing an additional 1,268 shares in the last quarter. Finally, Elevate Wealth Advisory Inc. lifted its position in shares of Microsoft by 147.9% in the fourth quarter. Elevate Wealth Advisory Inc. now owns 1,748 shares of the software giant’s stock worth $737,000 after purchasing an additional 1,043 shares in the last quarter. Institutional investors own 71.13% of the company’s stock.

Analyst Ratings Changes

MSFT has been the topic of a number of research reports. Stifel Nicolaus increased their price objective on Microsoft from $475.00 to $500.00 and gave the stock a “buy” rating in a report on Thursday, May 1st. Tigress Financial increased their price target on Microsoft from $550.00 to $595.00 and gave the company a “buy” rating in a report on Thursday, March 20th. Wedbush restated an “outperform” rating on shares of Microsoft in a research note on Wednesday, May 21st. Needham & Company LLC restated a “buy” rating on shares of Microsoft in a research note on Thursday, May 1st. Finally, The Goldman Sachs Group raised their target price on Microsoft from $480.00 to $550.00 and gave the stock a “buy” rating in a research report on Wednesday, May 21st. Four analysts have rated the stock with a hold rating and thirty have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $513.89.

Insider Buying and Selling

In related news, EVP Judson Althoff sold 16,000 shares of Microsoft stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $458.18, for a total value of $7,330,880.00. Following the completion of the sale, the executive vice president now directly owns 98,010 shares in the company, valued at $44,906,221.80. This trade represents a 14.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Takeshi Numoto sold 1,000 shares of Microsoft stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $460.01, for a total value of $460,010.00. Following the completion of the sale, the executive vice president now owns 47,058 shares of the company’s stock, valued at approximately $21,647,150.58. The trade was a 2.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 135,743 shares of company stock worth $60,224,683 over the last three months. 0.03% of the stock is currently owned by company insiders.

Microsoft Stock Performance

Microsoft stock opened at $478.87 on Friday. The stock has a 50-day simple moving average of $425.64 and a 200 day simple moving average of $418.26. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. Microsoft Co. has a 12-month low of $344.79 and a 12-month high of $480.42. The stock has a market capitalization of $3.56 trillion, a price-to-earnings ratio of 38.56, a P/E/G ratio of 2.21 and a beta of 1.03.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Wednesday, April 30th. The software giant reported $3.46 EPS for the quarter, topping analysts’ consensus estimates of $3.22 by $0.24. The firm had revenue of $70.07 billion during the quarter, compared to analyst estimates of $68.54 billion. Microsoft had a return on equity of 33.36% and a net margin of 35.43%. The company’s revenue was up 13.3% on a year-over-year basis. During the same period last year, the company earned $2.94 earnings per share. On average, research analysts anticipate that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Thursday, August 21st will be given a $0.83 dividend. The ex-dividend date of this dividend is Thursday, August 21st. This represents a $3.32 dividend on an annualized basis and a yield of 0.69%. Microsoft’s payout ratio is 25.66%.

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.