Cardinal Point Capital Management ULC Grows Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

Cardinal Point Capital Management ULC grew its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 113.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 5,256 shares of the software giant’s stock after purchasing an additional 2,796 shares during the period. Microsoft makes up approximately 0.4% of Cardinal Point Capital Management ULC’s holdings, making the stock its 25th largest position. Cardinal Point Capital Management ULC’s holdings in Microsoft were worth $2,215,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. WFA Asset Management Corp raised its stake in Microsoft by 27.0% during the 1st quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant’s stock valued at $427,000 after buying an additional 216 shares during the last quarter. Ironwood Wealth Management LLC. raised its stake in Microsoft by 0.3% during the 2nd quarter. Ironwood Wealth Management LLC. now owns 12,658 shares of the software giant’s stock valued at $5,658,000 after buying an additional 38 shares during the last quarter. Nicholas Investment Partners LP raised its stake in Microsoft by 3.0% during the 2nd quarter. Nicholas Investment Partners LP now owns 39,743 shares of the software giant’s stock valued at $17,763,000 after buying an additional 1,164 shares during the last quarter. Welch Capital Partners LLC NY raised its stake in Microsoft by 51.2% during the 2nd quarter. Welch Capital Partners LLC NY now owns 3,137 shares of the software giant’s stock valued at $1,402,000 after buying an additional 1,062 shares during the last quarter. Finally, Cowen AND Company LLC raised its stake in Microsoft by 836.5% during the 2nd quarter. Cowen AND Company LLC now owns 46,617 shares of the software giant’s stock valued at $20,835,000 after buying an additional 41,639 shares during the last quarter. 71.13% of the stock is currently owned by hedge funds and other institutional investors.

Microsoft Trading Down 1.9 %

Shares of NASDAQ MSFT opened at $408.25 on Friday. The company has a market cap of $3.03 trillion, a price-to-earnings ratio of 32.87, a price-to-earnings-growth ratio of 2.21 and a beta of 0.90. Microsoft Co. has a 12-month low of $385.58 and a 12-month high of $468.35. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.13. The stock’s 50 day simple moving average is $425.20 and its 200 day simple moving average is $422.88.

Microsoft (NASDAQ:MSFT) last announced its earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share for the quarter, beating the consensus estimate 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 EPS. Equities research analysts expect that Microsoft Co. will post 13.08 EPS for the current year.

Microsoft Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 20th will be issued a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date is Thursday, February 20th. Microsoft’s payout ratio is 26.73%.

Insider Buying and Selling

In related news, CMO Takeshi Numoto sold 1,000 shares of Microsoft stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $423.48, for a total value of $423,480.00. Following the transaction, the chief marketing officer now directly owns 56,511 shares in the company, valued at $23,931,278.28. The trade was a 1.74 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders have sold 8,000 shares of company stock worth $3,493,820 in the last three months. 0.03% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of brokerages have weighed in on MSFT. DA Davidson reiterated a “neutral” rating and set a $425.00 target price on shares of Microsoft in a research note on Thursday, January 30th. JPMorgan Chase & Co. cut their price objective on shares of Microsoft from $470.00 to $465.00 and set an “overweight” rating for the company in a research report on Thursday, October 31st. BMO Capital Markets cut their price objective on shares of Microsoft from $500.00 to $495.00 and set an “outperform” rating for the company in a research report on Thursday, October 31st. Stifel Nicolaus boosted their price objective on shares of Microsoft from $475.00 to $515.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. Finally, UBS Group cut their price objective on shares of Microsoft from $525.00 to $510.00 and set a “buy” rating for the company in a research report on Thursday, January 30th. Three analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average 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.