Carl P. Sherr & Co. LLC Has $8.11 Million Stake in Microsoft Co. (NASDAQ:MSFT)

Carl P. Sherr & Co. LLC cut its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 0.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 18,851 shares of the software giant’s stock after selling 107 shares during the period. Microsoft comprises approximately 4.3% of Carl P. Sherr & Co. LLC’s investment portfolio, making the stock its 6th biggest position. Carl P. Sherr & Co. LLC’s holdings in Microsoft were worth $8,111,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Christopher J. Hasenberg Inc lifted its stake in shares of Microsoft by 35.7% in the 3rd quarter. Christopher J. Hasenberg Inc now owns 95 shares of the software giant’s stock valued at $39,000 after acquiring an additional 25 shares during the last quarter. Quarry LP bought a new position in shares of Microsoft in the 2nd quarter valued at $45,000. MidAtlantic Capital Management Inc. acquired a new stake in Microsoft in the third quarter valued at $62,000. Carolina Wealth Advisors LLC increased its holdings in Microsoft by 10.1% in the third quarter. Carolina Wealth Advisors LLC now owns 338 shares of the software giant’s stock valued at $145,000 after purchasing an additional 31 shares during the period. Finally, MayTech Global Investments LLC acquired a new stake in Microsoft in the second quarter valued at $200,000. 71.13% of the stock is currently owned by institutional investors.

Insider Transactions at Microsoft

In other news, EVP Judson Althoff sold 25,000 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $417.00, for a total value of $10,425,000.00. Following the transaction, the executive vice president now owns 117,294 shares in the company, valued at $48,911,598. The trade was a 17.57 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CMO Takeshi Numoto sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $414.72, for a total value of $414,720.00. Following the completion of the transaction, the chief marketing officer now owns 57,511 shares in the company, valued at $23,850,961.92. The trade was a 1.71 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 41,200 shares of company stock worth $17,383,892 in the last 90 days. Insiders own 0.03% of the company’s stock.

Microsoft Price Performance

MSFT stock opened at $410.92 on Tuesday. The company has a market capitalization of $3.05 trillion, a P/E ratio of 33.09, a price-to-earnings-growth ratio of 2.21 and a beta of 0.90. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.34 and a current ratio of 1.35. Microsoft Co. has a 52-week low of $385.58 and a 52-week high of $468.35. The business has a 50-day simple moving average of $432.53 and a two-hundred day simple moving average of $424.44.

Microsoft (NASDAQ:MSFT) last released its quarterly 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 return on equity of 33.36% and a net margin of 35.43%. During the same quarter in the prior year, the company posted $2.93 earnings per share. Research analysts expect that Microsoft Co. will post 13.03 EPS for the current fiscal year.

Microsoft Announces Dividend

The firm 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 0.81%. Microsoft’s payout ratio is presently 26.73%.

Analyst Ratings Changes

A number of analysts recently weighed in on MSFT shares. Wells Fargo & Company restated a “buy” rating on shares of Microsoft in a report on Friday, October 18th. Citigroup decreased their price objective on Microsoft from $500.00 to $497.00 and set a “buy” rating for the company in a report on Wednesday, October 23rd. TD Cowen decreased their price objective on Microsoft from $495.00 to $475.00 and set a “buy” rating for the company in a report on Thursday, October 31st. Oppenheimer downgraded Microsoft from an “outperform” rating to a “market perform” rating in a report on Tuesday, October 8th. Finally, KeyCorp increased their price target on Microsoft from $490.00 to $505.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. Three investment analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Microsoft has a consensus rating of “Moderate Buy” and a consensus target price of $510.96.

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.