Scharf Investments LLC Has $211.19 Million Stock Position in Microsoft Co. (NASDAQ:MSFT)

Scharf Investments LLC reduced its holdings in Microsoft Co. (NASDAQ:MSFTFree Report) by 3.2% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 501,978 shares of the software giant’s stock after selling 16,560 shares during the quarter. Microsoft accounts for about 5.7% of Scharf Investments LLC’s investment portfolio, making the stock its 5th largest position. Scharf Investments LLC’s holdings in Microsoft were worth $211,193,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of MSFT. Shulman DeMeo Asset Management LLC grew its position in Microsoft by 4.7% in the first quarter. Shulman DeMeo Asset Management LLC now owns 5,535 shares of the software giant’s stock worth $2,329,000 after acquiring an additional 249 shares in the last quarter. Colorado Capital Management Inc. increased its position in shares of Microsoft by 9.7% during the 1st quarter. Colorado Capital Management Inc. now owns 3,641 shares of the software giant’s stock valued at $1,532,000 after purchasing an additional 323 shares during the last quarter. Procyon Advisors LLC raised its holdings in shares of Microsoft by 4.4% during the 1st quarter. Procyon Advisors LLC now owns 121,315 shares of the software giant’s stock valued at $51,040,000 after buying an additional 5,134 shares in the last quarter. Cardinal Capital Management lifted its position in Microsoft by 1.8% in the 1st quarter. Cardinal Capital Management now owns 52,093 shares of the software giant’s stock worth $21,917,000 after buying an additional 942 shares during the last quarter. Finally, ERn Financial LLC boosted its stake in Microsoft by 1.4% in the first quarter. ERn Financial LLC now owns 12,248 shares of the software giant’s stock worth $5,153,000 after buying an additional 175 shares in the last quarter. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Microsoft Stock Up 1.5 %

Shares of Microsoft stock opened at $467.56 on Friday. The company has a 50-day simple moving average of $429.75 and a two-hundred day simple moving average of $412.76. Microsoft Co. has a 52-week low of $309.45 and a 52-week high of $468.35. 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 stock has a market capitalization of $3.48 trillion, a PE ratio of 40.48, a price-to-earnings-growth ratio of 2.17 and a beta of 0.89.

Microsoft (NASDAQ:MSFTGet Free Report) last issued its earnings results on Thursday, April 25th. The software giant reported $2.94 EPS 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 business had revenue of $61.86 billion for the quarter, compared to the consensus estimate of $60.86 billion. During the same period last year, the business posted $2.45 EPS. The company’s revenue was up 17.0% compared to the same quarter last year. On average, analysts anticipate that Microsoft Co. will post 11.77 EPS for the current fiscal year.

Microsoft Announces Dividend

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 paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 0.64%. The ex-dividend date of this dividend is Thursday, August 15th. Microsoft’s dividend payout ratio is currently 25.97%.

Wall Street Analysts Forecast Growth

Several research firms have commented on MSFT. JPMorgan Chase & Co. lifted their price target on shares of Microsoft from $440.00 to $470.00 and gave the stock an “overweight” rating in a research note on Friday, April 26th. The Goldman Sachs Group boosted their price target on shares of Microsoft from $450.00 to $515.00 and gave the stock a “buy” rating in a research note on Friday, April 26th. Stifel Nicolaus reaffirmed a “buy” rating and set a $455.00 price objective on shares of Microsoft in a research note on Monday, April 22nd. Evercore ISI boosted their target price on Microsoft from $475.00 to $485.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. Finally, Piper Sandler restated an “overweight” rating and set a $465.00 price target (up from $455.00) on shares of Microsoft in a research report on Friday, April 26th. Three research analysts have rated the stock with a hold rating and thirty-three have assigned a buy rating to the company’s stock. According to MarketBeat.com, Microsoft has a consensus rating of “Moderate Buy” and a consensus price target of $467.12.

Get Our Latest Analysis on Microsoft

Insider Activity

In related 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 transaction of $10,642,000.00. Following the transaction, the executive vice president now owns 104,949 shares in the company, valued at $44,674,690.32. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, 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 value of $101,389.32. Following the transaction, the chief marketing officer now owns 47,011 shares in the company, valued at approximately $19,534,480.83. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Judson Althoff sold 25,000 shares of the company’s stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $425.68, for a total transaction of $10,642,000.00. Following the sale, the executive vice president now directly owns 104,949 shares of the company’s stock, valued at $44,674,690.32. The disclosure for this sale can be found here. Insiders have sold a total of 25,566 shares of company stock valued at $10,877,535 in the last 90 days. 0.03% of the stock is currently owned by insiders.

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.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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