Cairn Investment Group Inc. Boosts Stake in Microsoft Co. (NASDAQ:MSFT)

Cairn Investment Group Inc. increased its position in shares of Microsoft Co. (NASDAQ:MSFTFree Report) by 1.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,173 shares of the software giant’s stock after acquiring an additional 37 shares during the period. Cairn Investment Group Inc.’s holdings in Microsoft were worth $1,335,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in MSFT. Epiq Partners LLC increased its position in shares of Microsoft by 55.6% during the first quarter. Epiq Partners LLC now owns 3,124 shares of the software giant’s stock worth $1,314,000 after acquiring an additional 1,116 shares during the period. Wealthcare Advisory Partners LLC increased its position in shares of Microsoft by 38.0% during the first quarter. Wealthcare Advisory Partners LLC now owns 89,206 shares of the software giant’s stock worth $37,531,000 after acquiring an additional 24,584 shares during the period. S.A. Mason LLC increased its position in shares of Microsoft by 0.6% during the first quarter. S.A. Mason LLC now owns 16,283 shares of the software giant’s stock worth $6,851,000 after acquiring an additional 95 shares during the period. Affiance Financial LLC increased its position in shares of Microsoft by 0.6% during the first quarter. Affiance Financial LLC now owns 11,670 shares of the software giant’s stock worth $4,910,000 after acquiring an additional 69 shares during the period. Finally, Ellis Investment Partners LLC increased its position in shares of Microsoft by 1.8% during the first quarter. Ellis Investment Partners LLC now owns 8,679 shares of the software giant’s stock worth $3,651,000 after acquiring an additional 156 shares during the period. Institutional investors and hedge funds own 71.13% of the company’s stock.

Insider Buying and Selling at Microsoft

In other Microsoft news, CMO Takeshi Numoto sold 244 shares of the stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $415.53, for a total value of $101,389.32. Following the completion of the transaction, the chief marketing officer now directly owns 47,011 shares of the company’s stock, valued at $19,534,480.83. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, EVP Judson Althoff sold 25,000 shares of the stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $425.68, for a total value of $10,642,000.00. Following the sale, the executive vice president now directly owns 104,949 shares in the company, valued at $44,674,690.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CMO Takeshi Numoto sold 244 shares of the stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $415.53, for a total transaction of $101,389.32. Following the completion of the sale, the chief marketing officer now owns 47,011 shares in the company, valued at $19,534,480.83. The disclosure for this sale can be found here. Over the last three months, insiders sold 25,566 shares of company stock valued at $10,877,535. Corporate insiders own 0.03% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on MSFT shares. Citigroup upped their price objective on Microsoft from $495.00 to $520.00 and gave the stock a “buy” rating in a research report on Friday, June 21st. Raymond James reiterated an “outperform” rating and set a $480.00 target price (up previously from $450.00) on shares of Microsoft in a research note on Friday, April 26th. Truist Financial reiterated a “buy” rating and set a $600.00 target price on shares of Microsoft in a research note on Monday, June 17th. New Street Research began coverage on shares of Microsoft in a research note on Monday, June 10th. They set a “buy” rating and a $570.00 target price for the company. Finally, Sanford C. Bernstein boosted their target price on shares of Microsoft from $465.00 to $489.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. Three equities research analysts have rated the stock with a hold rating and thirty-three have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $467.12.

Get Our Latest Stock Analysis on Microsoft

Microsoft Trading Up 0.3 %

Shares of Microsoft stock opened at $460.77 on Friday. Microsoft Co. has a 12-month low of $309.45 and a 12-month high of $461.02. The company has a current ratio of 1.24, a quick ratio of 1.23 and a debt-to-equity ratio of 0.17. The stock has a market cap of $3.42 trillion, a PE ratio of 39.89, a price-to-earnings-growth ratio of 2.16 and a beta of 0.89. The company has a 50-day moving average of $427.29 and a two-hundred day moving average of $411.76.

Microsoft (NASDAQ:MSFTGet Free Report) last issued its earnings results on Thursday, April 25th. The software giant reported $2.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.81 by $0.13. Microsoft had a net margin of 36.43% and a return on equity of 37.54%. The company had revenue of $61.86 billion during the quarter, compared to analysts’ expectations of $60.86 billion. During the same period last year, the company posted $2.45 earnings per share. The firm’s quarterly revenue was up 17.0% compared to the same quarter last year. On average, research analysts anticipate that Microsoft Co. will post 11.77 EPS for the current fiscal year.

Microsoft Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Thursday, August 15th will be issued a $0.75 dividend. The ex-dividend date is Thursday, August 15th. This represents a $3.00 dividend on an annualized basis and a yield of 0.65%. Microsoft’s dividend payout ratio (DPR) is presently 25.97%.

About Microsoft

(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.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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