Microsoft Co. (NASDAQ:MSFT) is Cim Investment Management Inc.’s 6th Largest Position

Cim Investment Management Inc. trimmed its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 3.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 24,408 shares of the software giant’s stock after selling 886 shares during the period. Microsoft accounts for 3.1% of Cim Investment Management Inc.’s portfolio, making the stock its 6th largest holding. Cim Investment Management Inc.’s holdings in Microsoft were worth $10,503,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the stock. Geode Capital Management LLC grew its stake in Microsoft by 2.0% during the third quarter. Geode Capital Management LLC now owns 165,024,812 shares of the software giant’s stock valued at $70,790,682,000 after acquiring an additional 3,264,648 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Microsoft by 4.1% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 54,590,791 shares of the software giant’s stock valued at $23,490,417,000 after purchasing an additional 2,125,030 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Microsoft by 1.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 47,229,125 shares of the software giant’s stock valued at $20,322,513,000 after purchasing an additional 652,493 shares during the last quarter. International Assets Investment Management LLC lifted its position in Microsoft by 48,526.1% during the third 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 last quarter. Finally, Ameriprise Financial Inc. grew its holdings in Microsoft by 0.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 34,511,544 shares of the software giant’s stock valued at $15,426,767,000 after purchasing an additional 97,075 shares during the last quarter. 71.13% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Microsoft

In other news, EVP Judson Althoff sold 25,000 shares of Microsoft stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $417.00, for a total transaction of $10,425,000.00. Following the completion of the sale, the executive vice president now directly owns 117,294 shares of the company’s stock, valued at approximately $48,911,598. The trade was a 17.57 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CMO Takeshi Numoto sold 1,000 shares of the business’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $423.48, for a total transaction of $423,480.00. Following the completion of the sale, the chief marketing officer now directly owns 56,511 shares of the company’s stock, valued at approximately $23,931,278.28. This trade represents a 1.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 34,000 shares of company stock worth $14,333,540 in the last 90 days. Insiders own 0.03% of the company’s stock.

Microsoft Trading Up 0.4 %

MSFT opened at $410.54 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.34. The company’s 50 day simple moving average is $430.11 and its two-hundred day simple moving average is $423.13. Microsoft Co. has a 1-year low of $385.58 and a 1-year high of $468.35. The firm has a market capitalization of $3.05 trillion, a price-to-earnings ratio of 33.05, a price-to-earnings-growth ratio of 2.21 and a beta of 0.90.

Microsoft (NASDAQ:MSFT) last released its earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share for the quarter, topping analysts’ consensus estimates of $3.15 by $0.08. Microsoft had a net margin of 35.43% and a return on equity of 33.36%. During the same period last year, the business posted $2.93 EPS. Analysts expect that Microsoft Co. will post 13.07 EPS for the current fiscal year.

Microsoft Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 20th will be issued a dividend of $0.83 per share. 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 dividend payout ratio is currently 26.73%.

Wall Street Analysts Forecast Growth

MSFT has been the topic of a number of analyst reports. Wedbush reaffirmed an “outperform” rating and set a $550.00 target price on shares of Microsoft in a research note on Tuesday, November 19th. Loop Capital upped their target price on Microsoft from $500.00 to $550.00 and gave the company a “buy” rating in a research note on Monday, December 23rd. Stifel Nicolaus upped their target price on Microsoft from $475.00 to $515.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Piper Sandler reiterated an “overweight” rating and issued a $520.00 price target on shares of Microsoft in a report on Monday, January 27th. Finally, TD Cowen lowered their target price on Microsoft from $495.00 to $475.00 and set a “buy” rating for the company in a report on Thursday, October 31st. Three research analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $510.96.

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.