Cahill Financial Advisors Inc. increased its position in Microsoft Co. (NASDAQ:MSFT – Free Report) by 1.0% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 11,948 shares of the software giant’s stock after acquiring an additional 115 shares during the quarter. Microsoft comprises 0.7% of Cahill Financial Advisors Inc.’s investment portfolio, making the stock its 27th largest holding. Cahill Financial Advisors Inc.’s holdings in Microsoft were worth $5,141,000 at the end of the most recent quarter.
Several other institutional investors have also added to or reduced their stakes in the business. International Assets Investment Management LLC raised its stake in shares of Microsoft by 48,526.1% during the 3rd quarter. International Assets Investment Management LLC now owns 38,501,645 shares of the software giant’s stock valued at $16,567,258,000 after purchasing an additional 38,422,466 shares during the period. Wulff Hansen & CO. increased its holdings in Microsoft by 47,196.6% during the 2nd quarter. Wulff Hansen & CO. now owns 4,834,658 shares of the software giant’s stock worth $2,160,850,000 after acquiring an additional 4,824,436 shares during the period. Assenagon Asset Management S.A. lifted its stake in Microsoft by 67.5% in the 3rd quarter. Assenagon Asset Management S.A. now owns 5,963,863 shares of the software giant’s stock worth $2,566,250,000 after purchasing an additional 2,404,348 shares in the last quarter. Baillie Gifford & Co. raised its position in shares of Microsoft by 46.1% in the third quarter. Baillie Gifford & Co. now owns 7,048,244 shares of the software giant’s stock worth $3,032,859,000 after buying an additional 2,222,483 shares in the last quarter. Finally, AustralianSuper Pty Ltd boosted its stake in Microsoft by 56.9% during the third quarter. AustralianSuper Pty Ltd now owns 5,344,566 shares of the software giant’s stock valued at $2,299,767,000 after buying an additional 1,938,304 shares during the period. 71.13% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several analysts have weighed in on MSFT shares. Piper Sandler reaffirmed an “overweight” rating and issued a $520.00 price target on shares of Microsoft in a report on Monday. DA Davidson restated a “neutral” rating and set a $425.00 price target on shares of Microsoft in a research report on Thursday. TD Cowen reduced their price target on shares of Microsoft from $495.00 to $475.00 and set a “buy” rating on the stock in a research report on Thursday, October 31st. Cantor Fitzgerald restated an “overweight” rating and issued a $509.00 price objective on shares of Microsoft in a report on Wednesday. Finally, Guggenheim reaffirmed a “neutral” rating on shares of Microsoft in a report on Friday, January 24th. Three research analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $509.72.
Insider Activity
In other news, CMO Takeshi Numoto sold 1,000 shares of the stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $414.72, for a total transaction of $414,720.00. Following the sale, the chief marketing officer now owns 57,511 shares in the company, valued at $23,850,961.92. This represents a 1.71 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Christopher David Young sold 7,200 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $423.66, for a total transaction of $3,050,352.00. Following the completion of the transaction, the executive vice president now owns 103,366 shares of the company’s stock, valued at approximately $43,792,039.56. The trade was a 6.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 41,200 shares of company stock worth $17,383,892 over the last three months. 0.03% of the stock is currently owned by corporate insiders.
Microsoft Trading Down 6.2 %
Shares of NASDAQ MSFT opened at $414.99 on Friday. Microsoft Co. has a 1 year low of $385.58 and a 1 year high of $468.35. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.30 and a quick ratio of 1.29. The firm has a 50-day moving average of $432.55 and a 200 day moving average of $424.95. The stock has a market cap of $3.09 trillion, a P/E ratio of 34.24, a price-to-earnings-growth ratio of 2.40 and a beta of 0.90.
Microsoft (NASDAQ:MSFT – Get Free Report) last released its earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.15 by $0.08. Microsoft had a net margin of 35.61% and a return on equity of 34.56%. During the same quarter last year, the business earned $2.93 earnings per share. As a group, sell-side analysts expect that Microsoft Co. will post 12.9 EPS for the current fiscal year.
Microsoft Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 20th will be paid a $0.83 dividend. The ex-dividend date of this dividend is Thursday, February 20th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.80%. Microsoft’s dividend payout ratio 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.
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