Cardiff Park Advisors LLC Sells 1,803 Shares of Microsoft Co. (NASDAQ:MSFT)

Cardiff Park Advisors LLC decreased its position in Microsoft Co. (NASDAQ:MSFTFree Report) by 6.2% during the fourth quarter, HoldingsChannel.com reports. The fund owned 27,456 shares of the software giant’s stock after selling 1,803 shares during the quarter. Microsoft comprises 1.1% of Cardiff Park Advisors LLC’s investment portfolio, making the stock its 14th biggest position. Cardiff Park Advisors LLC’s holdings in Microsoft were worth $11,573,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. raised its stake in Microsoft by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 684,071,705 shares of the software giant’s stock valued at $288,336,224,000 after purchasing an additional 10,431,988 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Microsoft by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 168,128,024 shares of the software giant’s stock worth $70,720,874,000 after buying an additional 3,103,212 shares in the last quarter. Norges Bank bought a new stake in shares of Microsoft in the 4th quarter worth about $44,343,058,000. Northern Trust Corp lifted its stake in shares of Microsoft by 16.1% in the 4th quarter. Northern Trust Corp now owns 83,787,746 shares of the software giant’s stock valued at $35,316,535,000 after purchasing an additional 11,600,470 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Microsoft by 3.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 49,052,704 shares of the software giant’s stock valued at $20,675,715,000 after acquiring an additional 1,823,579 shares during the period. 71.13% of the stock is owned by hedge funds and other institutional investors.

Microsoft Stock Performance

MSFT opened at $474.96 on Monday. The company has a market cap of $3.53 trillion, a P/E ratio of 38.24, a price-to-earnings-growth ratio of 2.21 and a beta of 1.03. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. Microsoft Co. has a 52-week low of $344.79 and a 52-week high of $480.42. The firm’s 50-day moving average price is $428.05 and its 200-day moving average price is $418.55.

Microsoft (NASDAQ:MSFTGet Free Report) last released its quarterly earnings data on Wednesday, April 30th. The software giant reported $3.46 earnings per share for the quarter, topping analysts’ consensus estimates of $3.22 by $0.24. The firm had revenue of $70.07 billion for the quarter, compared to analyst estimates of $68.54 billion. Microsoft had a net margin of 35.43% and a return on equity of 33.36%. The business’s quarterly revenue was up 13.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.94 earnings per share. As a group, equities analysts anticipate that Microsoft Co. will post 13.08 EPS for the current fiscal year.

Microsoft Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Thursday, August 21st will be issued a $0.83 dividend. The ex-dividend date of this dividend is Thursday, August 21st. This represents a $3.32 dividend on an annualized basis and a yield of 0.70%. Microsoft’s payout ratio is 25.66%.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Mizuho increased their target price on Microsoft from $475.00 to $500.00 and gave the stock an “outperform” rating in a research note on Thursday, May 1st. Stifel Nicolaus upped their target price on Microsoft from $475.00 to $500.00 and gave the stock a “buy” rating in a report on Thursday, May 1st. Benchmark restated a “buy” rating on shares of Microsoft in a research note on Thursday, May 1st. Tigress Financial lifted their price objective on Microsoft from $550.00 to $595.00 and gave the company a “buy” rating in a report on Thursday, March 20th. Finally, Raymond James increased their target price on shares of Microsoft from $480.00 to $490.00 and gave the stock an “outperform” rating in a report on Thursday, May 1st. Five research analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the company’s stock. According to MarketBeat, Microsoft currently has an average rating of “Moderate Buy” and an average price target of $515.68.

Check Out Our Latest Stock Analysis on MSFT

Insiders Place Their Bets

In other news, insider Bradford L. Smith sold 75,000 shares of the stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $436.05, for a total transaction of $32,703,750.00. Following the transaction, the insider now owns 476,999 shares in the company, valued at $207,995,413.95. This trade represents a 13.59% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Amy Coleman sold 13,243 shares of Microsoft stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $452.01, for a total transaction of $5,985,968.43. Following the completion of the sale, the executive vice president now directly owns 43,100 shares in the company, valued at $19,481,631. This represents a 23.50% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 135,743 shares of company stock worth $60,224,683. Company insiders own 0.03% of the company’s stock.

Microsoft Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding MSFT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Microsoft Co. (NASDAQ:MSFTFree Report).

Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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