Cedrus LLC cut its holdings in shares of Microsoft Co. (NASDAQ:MSFT – Free Report) by 14.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,764 shares of the software giant’s stock after selling 806 shares during the quarter. Microsoft makes up 1.1% of Cedrus LLC’s portfolio, making the stock its 23rd largest position. Cedrus LLC’s holdings in Microsoft were worth $1,791,000 as of its most recent SEC filing.
Several other hedge funds also recently modified their holdings of the stock. Financial Security Advisor Inc. lifted its stake in Microsoft by 1.7% in the fourth quarter. Financial Security Advisor Inc. now owns 27,270 shares of the software giant’s stock valued at $10,255,000 after acquiring an additional 452 shares during the last quarter. Gunderson Capital Management Inc. lifted its stake in Microsoft by 0.7% in the 4th quarter. Gunderson Capital Management Inc. now owns 24,887 shares of the software giant’s stock valued at $9,359,000 after purchasing an additional 185 shares during the last quarter. Rappaport Reiches Capital Management LLC grew its holdings in Microsoft by 14.9% during the fourth quarter. Rappaport Reiches Capital Management LLC now owns 8,213 shares of the software giant’s stock worth $3,089,000 after purchasing an additional 1,067 shares during the period. Bailard Inc. increased its position in Microsoft by 1.2% during the third quarter. Bailard Inc. now owns 470,301 shares of the software giant’s stock worth $148,497,000 after buying an additional 5,366 shares during the last quarter. Finally, RNC Capital Management LLC raised its stake in Microsoft by 10.4% in the fourth quarter. RNC Capital Management LLC now owns 69,053 shares of the software giant’s stock valued at $25,967,000 after buying an additional 6,484 shares during the period. Institutional investors own 71.13% of the company’s stock.
Insiders Place Their Bets
In related news, major shareholder Corp Microsoft sold 1,000,000 shares of the company’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $1.95, for a total transaction 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 sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, EVP Kathleen T. Hogan sold 21,955 shares of Microsoft stock in a transaction on Monday, March 11th. The shares were sold at an average price of $403.96, for a total value of $8,868,941.80. Following the completion of the sale, the executive vice president now owns 159,764 shares in the company, valued at approximately $64,538,265.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Corp Microsoft sold 1,000,000 shares of the stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $1.95, for a total transaction of $1,950,000.00. Following the transaction, the insider now directly owns 11,677,398 shares in the company, valued at $22,770,926.10. The disclosure for this sale can be found here. Company insiders own 0.03% of the company’s stock.
Wall Street Analyst Weigh In
Read Our Latest Stock Analysis on Microsoft
Microsoft Stock Performance
Shares of Microsoft stock opened at $413.54 on Tuesday. The company’s 50 day moving average price is $413.80 and its two-hundred day moving average price is $391.46. The firm has a market capitalization of $3.07 trillion, a P/E ratio of 35.80, a P/E/G ratio of 2.15 and a beta of 0.89. Microsoft Co. has a fifty-two week low of $306.09 and a fifty-two week high of $430.82. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.24 and a quick ratio of 1.23.
Microsoft (NASDAQ:MSFT – Get Free Report) last released its quarterly earnings data on Thursday, April 25th. The software giant reported $2.94 earnings per share for the quarter, beating the consensus estimate of $2.81 by $0.13. Microsoft had a return on equity of 37.54% and a net margin of 36.43%. The company had revenue of $61.86 billion for the quarter, compared to the consensus estimate of $60.86 billion. During the same quarter last year, the business posted $2.45 EPS. Microsoft’s revenue for the quarter was up 17.0% on a year-over-year basis. On average, equities analysts forecast that Microsoft Co. will post 11.76 earnings per share for the current fiscal year.
Microsoft Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, June 13th. Shareholders of record on Thursday, May 16th will be given a dividend of $0.75 per share. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $3.00 dividend on an annualized basis and a yield of 0.73%. Microsoft’s dividend payout ratio (DPR) is currently 25.97%.
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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