Cercano Management LLC Has $462.48 Million Holdings in Microsoft Co. (NASDAQ:MSFT)

Cercano Management LLC lowered its position in shares of Microsoft Co. (NASDAQ:MSFT) by 4.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,097,216 shares of the software giant’s stock after selling 48,138 shares during the quarter. Microsoft accounts for approximately 11.8% of Cercano Management LLC’s investment portfolio, making the stock its largest position. Cercano Management LLC’s holdings in Microsoft were worth $462,477,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Adamsbrown Wealth Consultants LLC boosted its position in Microsoft by 2.2% during the 4th quarter. Adamsbrown Wealth Consultants LLC now owns 5,967 shares of the software giant’s stock worth $2,515,000 after acquiring an additional 130 shares during the period. Mcdaniel Terry & Co. increased its position in Microsoft by 6.1% in the 4th quarter. Mcdaniel Terry & Co. now owns 315,594 shares of the software giant’s stock worth $133,023,000 after buying an additional 18,052 shares during the period. 1900 Wealth Management LLC increased its position in Microsoft by 3.0% in the 4th quarter. 1900 Wealth Management LLC now owns 10,140 shares of the software giant’s stock worth $4,274,000 after buying an additional 294 shares during the period. Strategic Financial Services Inc. grew its holdings in shares of Microsoft by 7.8% during the 4th quarter. Strategic Financial Services Inc. now owns 17,426 shares of the software giant’s stock worth $7,345,000 after purchasing an additional 1,268 shares in the last quarter. Finally, Elevate Wealth Advisory Inc. grew its holdings in shares of Microsoft by 147.9% during the 4th quarter. Elevate Wealth Advisory Inc. now owns 1,748 shares of the software giant’s stock worth $737,000 after purchasing an additional 1,043 shares in the last quarter. Institutional investors and hedge funds own 71.13% of the company’s stock.

Insider Activity at Microsoft

In other Microsoft news, EVP Takeshi Numoto sold 3,000 shares of the stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $463.00, for a total value of $1,389,000.00. Following the completion of the sale, the executive vice president now directly owns 43,930 shares in the company, valued at $20,339,590. This represents a 6.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Bradford L. Smith sold 75,000 shares of the stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $436.05, for a total value of $32,703,750.00. Following the completion of the sale, the insider now owns 476,999 shares of the company’s stock, valued at $207,995,413.95. This trade represents a 13.59% decrease in their ownership of the stock. 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. 0.03% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts recently commented on the company. Scotiabank boosted their price target on Microsoft from $470.00 to $500.00 and gave the company a “sector outperform” rating in a research note on Thursday, May 1st. Bank of America decreased their price target on Microsoft from $510.00 to $480.00 and set a “buy” rating on the stock in a research note on Tuesday, April 15th. Evercore ISI set a $515.00 price target on Microsoft and gave the company an “outperform” rating in a research note on Wednesday, May 21st. Wall Street Zen lowered Microsoft from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, Tigress Financial boosted their price target on Microsoft from $550.00 to $595.00 and gave the company a “buy” rating in a research note on Thursday, March 20th. Five research analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $515.68.

Microsoft Trading Up 0.9%

MSFT stock opened at $479.14 on Tuesday. The company has a market cap of $3.56 trillion, a P/E ratio of 38.58, a PEG ratio of 2.21 and a beta of 1.03. Microsoft Co. has a twelve month low of $344.79 and a twelve month high of $480.69. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. The business has a fifty day moving average of $430.54 and a 200-day moving average of $418.94.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings data on Wednesday, April 30th. The software giant reported $3.46 EPS for the quarter, beating analysts’ consensus estimates of $3.22 by $0.24. The business had revenue of $70.07 billion during the quarter, compared to the consensus estimate of $68.54 billion. Microsoft had a return on equity of 33.36% and a net margin of 35.43%. The firm’s revenue was up 13.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.94 earnings per share. As a group, equities research analysts expect that Microsoft Co. will post 13.08 EPS for the current year.

Microsoft Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Investors 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 0.69%. Microsoft’s dividend payout ratio is presently 25.66%.

Microsoft Company Profile

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.