Cable Hill Partners LLC Acquires 1,980 Shares of Microsoft Co. (NASDAQ:MSFT)

Cable Hill Partners LLC grew its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 9.7% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 22,293 shares of the software giant’s stock after buying an additional 1,980 shares during the period. Microsoft accounts for 0.9% of Cable Hill Partners LLC’s portfolio, making the stock its 15th biggest position. Cable Hill Partners LLC’s holdings in Microsoft were worth $9,593,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. WFA Asset Management Corp grew its holdings in shares of Microsoft by 27.0% during the 1st quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant’s stock worth $427,000 after acquiring an additional 216 shares during the period. Ironwood Wealth Management LLC. boosted its position in shares of Microsoft by 0.3% during the second quarter. Ironwood Wealth Management LLC. now owns 12,658 shares of the software giant’s stock valued at $5,658,000 after purchasing an additional 38 shares in the last quarter. Colonial River Wealth Management LLC grew its stake in Microsoft by 1.8% in the second quarter. Colonial River Wealth Management LLC now owns 22,227 shares of the software giant’s stock worth $9,934,000 after purchasing an additional 392 shares during the period. Metropolis Capital Ltd raised its holdings in Microsoft by 34.2% in the second quarter. Metropolis Capital Ltd now owns 234,525 shares of the software giant’s stock worth $104,821,000 after purchasing an additional 59,709 shares in the last quarter. Finally, Eagle Bluffs Wealth Management LLC lifted its position in Microsoft by 0.4% during the second quarter. Eagle Bluffs Wealth Management LLC now owns 9,042 shares of the software giant’s stock valued at $4,041,000 after buying an additional 34 shares during the period. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Microsoft Price Performance

Shares of NASDAQ:MSFT opened at $429.03 on Friday. The company has a quick ratio of 1.29, a current ratio of 1.30 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $3.19 trillion, a PE ratio of 35.40, a price-to-earnings-growth ratio of 2.22 and a beta of 0.90. The firm’s 50 day moving average price is $429.32 and its 200-day moving average price is $426.58. Microsoft Co. has a twelve month low of $385.58 and a twelve month high of $468.35.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings results on Wednesday, October 30th. The software giant reported $3.30 earnings per share for the quarter, topping the consensus estimate of $3.10 by $0.20. Microsoft had a net margin of 35.61% and a return on equity of 34.56%. The business had revenue of $65.59 billion for the quarter, compared to the consensus estimate of $64.57 billion. During the same period last year, the firm earned $2.99 earnings per share. The company’s quarterly revenue was up 16.0% on a year-over-year basis. Equities research analysts expect that Microsoft Co. will post 12.92 EPS for the current year.

Microsoft Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 20th will be issued a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a yield of 0.77%. The ex-dividend date of this dividend is Thursday, February 20th. Microsoft’s dividend payout ratio is presently 27.39%.

Insiders Place Their Bets

In other Microsoft news, EVP Christopher David Young sold 7,200 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $423.66, for a total value of $3,050,352.00. Following the completion of the transaction, the executive vice president now directly owns 103,366 shares in the company, valued at $43,792,039.56. This represents a 6.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CMO Takeshi Numoto sold 2,500 shares of the firm’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $447.41, for a total transaction of $1,118,525.00. Following the sale, the chief marketing officer now owns 49,352 shares in the company, valued at $22,080,578.32. The trade was a 4.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 41,200 shares of company stock worth $17,383,892 over the last quarter. 0.03% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. The Goldman Sachs Group reduced their target price on shares of Microsoft from $515.00 to $500.00 and set a “buy” rating on the stock in a research report on Thursday, October 10th. StockNews.com cut shares of Microsoft from a “buy” rating to a “hold” rating in a report on Tuesday, January 14th. Morgan Stanley lifted their target price on shares of Microsoft from $506.00 to $548.00 and gave the company an “overweight” rating in a report on Thursday, October 31st. KeyCorp upped their price target on Microsoft from $490.00 to $505.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. Finally, Mizuho lifted their price objective on Microsoft from $480.00 to $510.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. Three investment analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $512.93.

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.