Cornerstone Management Inc. Sells 28 Shares of Microsoft Co. (NASDAQ:MSFT)

Cornerstone Management Inc. reduced its stake in Microsoft Co. (NASDAQ:MSFT) by 4.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 630 shares of the software giant’s stock after selling 28 shares during the period. Cornerstone Management Inc.’s holdings in Microsoft were worth $237,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in MSFT. Monumental Financial Group Inc. bought a new position in Microsoft during the first quarter worth about $28,000. Atlantic Private Wealth LLC lifted its holdings in Microsoft by 534.5% during the second quarter. Atlantic Private Wealth LLC now owns 184 shares of the software giant’s stock worth $63,000 after acquiring an additional 155 shares in the last quarter. Infrastructure Capital Advisors LLC bought a new position in Microsoft during the second quarter worth about $601,000. Hibernia Wealth Partners LLC bought a new position in Microsoft during the third quarter worth about $69,000. Finally, Iron Horse Wealth Management LLC lifted its holdings in Microsoft by 89.0% during the third quarter. Iron Horse Wealth Management LLC now owns 223 shares of the software giant’s stock worth $70,000 after acquiring an additional 105 shares in the last quarter. 71.13% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, major shareholder Corp Microsoft sold 1,000,000 shares of the stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $1.95, for a total value of $1,950,000.00. Following the completion of the sale, the insider now owns 11,677,398 shares of the company’s stock, valued at $22,770,926.10. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, EVP Kathleen T. Hogan sold 21,955 shares of the company’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $403.96, for a total transaction of $8,868,941.80. Following the sale, the executive vice president now owns 159,764 shares in the company, valued at approximately $64,538,265.44. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Corp Microsoft sold 1,000,000 shares of the company’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $1.95, for a total value of $1,950,000.00. Following the sale, the insider now owns 11,677,398 shares in the company, valued at approximately $22,770,926.10. The disclosure for this sale can be found here. Insiders sold a total of 1,070,258 shares of company stock valued at $30,690,456 in the last 90 days. Corporate insiders own 0.03% of the company’s stock.

Microsoft Price Performance

Shares of MSFT opened at $414.58 on Wednesday. Microsoft Co. has a 12-month low of $275.37 and a 12-month high of $430.82. The business has a 50-day simple moving average of $415.53 and a two-hundred day simple moving average of $383.95. The company has a quick ratio of 1.20, a current ratio of 1.22 and a debt-to-equity ratio of 0.19. The stock has a market cap of $3.08 trillion, a PE ratio of 37.48, a PEG ratio of 2.25 and a beta of 0.89.

Microsoft (NASDAQ:MSFT) last issued its earnings results on Tuesday, January 30th. The software giant reported $2.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.76 by $0.17. Microsoft had a return on equity of 38.40% and a net margin of 36.27%. The business had revenue of $62.02 billion during the quarter, compared to analysts’ expectations of $61.14 billion. During the same quarter in the prior year, the firm earned $2.32 EPS. The business’s revenue for the quarter was up 17.6% compared to the same quarter last year. Analysts anticipate that Microsoft Co. will post 11.61 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Shareholders of record on Thursday, May 16th will be issued a $0.75 dividend. The ex-dividend date is Wednesday, May 15th. This represents a $3.00 dividend on an annualized basis and a yield of 0.72%. Microsoft’s payout ratio is presently 27.12%.

Wall Street Analyst Weigh In

MSFT has been the topic of several recent analyst reports. BMO Capital Markets lifted their target price on Microsoft from $455.00 to $465.00 and gave the stock an “outperform” rating in a report on Friday, April 12th. KeyCorp initiated coverage on Microsoft in a report on Thursday, March 21st. They issued an “overweight” rating and a $490.00 price target on the stock. Barclays boosted their price target on Microsoft from $421.00 to $475.00 and gave the company an “overweight” rating in a report on Wednesday, January 31st. Piper Sandler restated an “overweight” rating and issued a $455.00 price target on shares of Microsoft in a report on Thursday, January 25th. Finally, Morgan Stanley boosted their price target on Microsoft from $465.00 to $520.00 and gave the company an “overweight” rating in a report on Thursday, April 11th. Four research analysts have rated the stock with a hold rating and thirty-six have issued a buy rating to the stock. According to data from MarketBeat.com, Microsoft currently has a consensus rating of “Moderate Buy” and a consensus target price of $430.52.

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.