Cherry Creek Investment Advisors Inc. Has $11.43 Million Position in Microsoft Co. (NASDAQ:MSFT)

Cherry Creek Investment Advisors Inc. reduced its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 0.9% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 30,390 shares of the software giant’s stock after selling 272 shares during the quarter. Microsoft comprises 6.7% of Cherry Creek Investment Advisors Inc.’s portfolio, making the stock its biggest holding. Cherry Creek Investment Advisors Inc.’s holdings in Microsoft were worth $11,428,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Financial Security Advisor Inc. boosted its position in shares of 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 period. Gunderson Capital Management Inc. raised its stake in Microsoft by 0.7% during 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 boosted its holdings in Microsoft by 14.9% in the 4th quarter. Rappaport Reiches Capital Management LLC now owns 8,213 shares of the software giant’s stock valued at $3,089,000 after purchasing an additional 1,067 shares during the period. Bailard Inc. grew its position in Microsoft by 1.2% in the 3rd quarter. Bailard Inc. now owns 470,301 shares of the software giant’s stock worth $148,497,000 after purchasing an additional 5,366 shares during the last quarter. Finally, RNC Capital Management LLC increased its holdings in shares of Microsoft by 10.4% during the 4th quarter. RNC Capital Management LLC now owns 69,053 shares of the software giant’s stock worth $25,967,000 after purchasing an additional 6,484 shares during the period. Institutional investors and hedge funds own 71.13% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on MSFT. UBS Group reiterated a “buy” rating and issued a $480.00 target price on shares of Microsoft in a research note on Wednesday, April 10th. Morgan Stanley boosted their price objective on Microsoft from $465.00 to $520.00 and gave the company an “overweight” rating in a research report on Thursday, April 11th. StockNews.com cut Microsoft from a “buy” rating to a “hold” rating in a research report on Thursday, February 22nd. KeyCorp initiated coverage on shares of Microsoft in a report on Thursday, March 21st. They issued an “overweight” rating and a $490.00 price target on the stock. Finally, Citigroup dropped their price objective on shares of Microsoft from $480.00 to $475.00 and set a “buy” rating for the company in a research note on Thursday, April 18th. Three research analysts have rated the stock with a hold rating and thirty-two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $452.61.

Insider Activity at Microsoft

In other Microsoft 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 transaction of $8,868,941.80. Following the completion of the sale, the executive vice president now owns 159,764 shares of the company’s stock, valued at approximately $64,538,265.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, major shareholder Corp Microsoft sold 1,000,000 shares of the stock in a transaction that occurred on 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 directly owns 11,677,398 shares in the company, valued at approximately $22,770,926.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Kathleen T. Hogan sold 21,955 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $403.96, for a total transaction of $8,868,941.80. Following the transaction, the executive vice president now owns 159,764 shares of the company’s stock, valued at approximately $64,538,265.44. The disclosure for this sale can be found here. 0.03% of the stock is currently owned by company insiders.

Microsoft Stock Up 2.2 %

Shares of MSFT opened at $406.66 on Monday. The firm has a market capitalization of $3.02 trillion, a price-to-earnings ratio of 35.21, a PEG ratio of 2.15 and a beta of 0.89. Microsoft Co. has a 52 week low of $303.40 and a 52 week high of $430.82. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.23 and a current ratio of 1.24. The business’s fifty day moving average price is $413.68 and its two-hundred day moving average price is $390.88.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings results on Thursday, April 25th. The software giant reported $2.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.81 by $0.13. The business had revenue of $61.86 billion for the quarter, compared to analysts’ expectations of $60.86 billion. Microsoft had a return on equity of 37.54% and a net margin of 36.43%. The firm’s quarterly revenue was up 17.0% compared to the same quarter last year. During the same quarter last year, the business earned $2.45 earnings per share. On average, analysts predict that Microsoft Co. will post 11.76 earnings per share for the current year.

Microsoft Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Thursday, May 16th will be paid a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date is Wednesday, May 15th. Microsoft’s dividend payout ratio (DPR) is 25.97%.

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.