CBIZ Investment Advisory Services LLC Has $1.60 Million Stake in Microsoft Co. (NASDAQ:MSFT)

CBIZ Investment Advisory Services LLC grew its position in Microsoft Co. (NASDAQ:MSFT) by 1.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,586 shares of the software giant’s stock after acquiring an additional 48 shares during the period. Microsoft accounts for 0.1% of CBIZ Investment Advisory Services LLC’s portfolio, making the stock its 20th largest holding. CBIZ Investment Advisory Services LLC’s holdings in Microsoft were worth $1,603,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Future Financial Wealth Managment LLC increased its position in Microsoft by 3.7% in the 1st quarter. Future Financial Wealth Managment LLC now owns 2,907 shares of the software giant’s stock valued at $1,223,000 after acquiring an additional 103 shares in the last quarter. Sovereign Financial Group Inc. grew its stake in shares of Microsoft by 6.0% during the first quarter. Sovereign Financial Group Inc. now owns 13,682 shares of the software giant’s stock valued at $5,756,000 after purchasing an additional 779 shares during the last quarter. Sunpointe LLC increased its holdings in shares of Microsoft by 1.9% in the first quarter. Sunpointe LLC now owns 13,503 shares of the software giant’s stock valued at $5,681,000 after purchasing an additional 254 shares in the last quarter. GoalVest Advisory LLC raised its position in Microsoft by 22.1% in the 1st quarter. GoalVest Advisory LLC now owns 11,619 shares of the software giant’s stock worth $4,888,000 after purchasing an additional 2,104 shares during the last quarter. Finally, Aletheian Wealth Advisors LLC lifted its holdings in Microsoft by 60.0% during the 1st quarter. Aletheian Wealth Advisors LLC now owns 13,591 shares of the software giant’s stock worth $5,718,000 after buying an additional 5,097 shares in the last quarter. 71.13% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

MSFT has been the subject of several research reports. Truist Financial reissued a “buy” rating and issued a $600.00 target price on shares of Microsoft in a research note on Monday. BMO Capital Markets decreased their price target on Microsoft from $500.00 to $495.00 and set an “outperform” rating on the stock in a report on Thursday. The Goldman Sachs Group dropped their price objective on Microsoft from $515.00 to $500.00 and set a “buy” rating for the company in a report on Thursday, October 10th. Wells Fargo & Company reaffirmed a “buy” rating on shares of Microsoft in a research note on Friday, October 18th. Finally, Wedbush reiterated an “underperform” rating on shares of Microsoft in a research report on Friday, October 18th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and twenty-six have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $503.03.

Insider Transactions at Microsoft

In related news, insider Bradford L. Smith sold 40,000 shares of Microsoft stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $402.59, for a total value of $16,103,600.00. Following the sale, the insider now owns 544,847 shares of the company’s stock, valued at approximately $219,349,953.73. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CMO Takeshi Numoto sold 2,500 shares of the stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $411.04, for a total transaction of $1,027,600.00. Following the completion of the transaction, the chief marketing officer now directly owns 50,000 shares in the company, valued at $20,552,000. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Bradford L. Smith sold 40,000 shares of Microsoft stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $402.59, for a total value of $16,103,600.00. Following the completion of the sale, the insider now directly owns 544,847 shares in the company, valued at approximately $219,349,953.73. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 190,629 shares of company stock valued at $77,916,485 over the last three months. Company insiders own 0.03% of the company’s stock.

Microsoft Price Performance

NASDAQ MSFT opened at $406.35 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.27 and a current ratio of 1.27. The stock has a market cap of $3.02 trillion, a price-to-earnings ratio of 34.41, a PEG ratio of 2.24 and a beta of 0.90. The business has a 50 day simple moving average of $420.82 and a 200 day simple moving average of $424.58. Microsoft Co. has a 52-week low of $334.69 and a 52-week high of $468.35.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings data on Wednesday, October 30th. The software giant reported $3.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.08 by $0.22. The company had revenue of $65.59 billion during the quarter, compared to the consensus estimate of $64.57 billion. Microsoft had a net margin of 35.96% and a return on equity of 35.95%. The firm’s revenue was up 16.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.99 earnings per share. Analysts anticipate that Microsoft Co. will post 13.02 earnings per share for the current fiscal year.

Microsoft Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st will be issued a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.82%. This is a positive change from Microsoft’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend is Thursday, November 21st. Microsoft’s payout ratio is 28.11%.

Microsoft declared that its board has authorized a share buyback plan on Monday, September 16th that authorizes the company to repurchase $60.00 billion in shares. This repurchase authorization authorizes the software giant to purchase up to 1.9% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

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.