Microsoft Corporation (NASDAQ:MSFT) is NCM Capital Management LLC’s 5th Largest Position

NCM Capital Management LLC raised its position in shares of Microsoft Corporation (NASDAQ:MSFT) by 0.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,190 shares of the software giant’s stock after acquiring an additional 133 shares during the quarter. Microsoft makes up about 3.3% of NCM Capital Management LLC’s holdings, making the stock its 5th largest holding. NCM Capital Management LLC’s holdings in Microsoft were worth $7,246,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MSFT. Fiduciary Advisors Inc. purchased a new position in shares of Microsoft during the fourth quarter worth about $38,000. IFS Advisors LLC increased its position in Microsoft by 53.8% during the fourth quarter. IFS Advisors LLC now owns 100 shares of the software giant’s stock worth $42,000 after buying an additional 35 shares in the last quarter. LSV Asset Management purchased a new position in shares of Microsoft during the fourth quarter valued at approximately $44,000. Avondale Wealth Management increased its stake in Microsoft by 144.4% in the fourth quarter. Avondale Wealth Management now owns 110 shares of the software giant’s stock valued at $46,000 after purchasing an additional 65 shares during the last quarter. Finally, Fairway Wealth LLC purchased a new stake in Microsoft in the fourth quarter valued at approximately $62,000. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Microsoft Stock Performance

Shares of NASDAQ MSFT opened at $478.04 on Wednesday. The firm has a 50 day moving average of $432.29 and a 200 day moving average of $419.32. Microsoft Corporation has a 12-month low of $344.79 and a 12-month high of $480.69. The company has a current ratio of 1.37, a quick ratio of 1.36 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $3.55 trillion, a price-to-earnings ratio of 36.94, a price-to-earnings-growth ratio of 2.44 and a beta of 1.03.

Microsoft (NASDAQ:MSFT) last posted its earnings results on Wednesday, April 30th. The software giant reported $3.46 EPS for the quarter, beating analysts’ consensus estimates of $3.22 by $0.24. Microsoft had a return on equity of 32.74% and a net margin of 35.79%. The firm had revenue of $70.07 billion during the quarter, compared to the consensus estimate of $68.54 billion. During the same period in the prior year, the company earned $2.94 EPS. The company’s quarterly revenue was up 13.3% compared to the same quarter last year. On average, research analysts anticipate that Microsoft Corporation will post 13.08 earnings per share for the current year.

Microsoft Dividend Announcement

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 given a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date of this dividend is Thursday, August 21st. Microsoft’s payout ratio is currently 25.66%.

Insider Activity at Microsoft

In other news, EVP Takeshi Numoto sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $463.00, for a total transaction of $1,389,000.00. Following the sale, the executive vice president now directly owns 43,930 shares in the company, valued at $20,339,590. This trade represents a 6.39% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Judson Althoff sold 16,000 shares of the business’s stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $458.18, for a total transaction of $7,330,880.00. Following the sale, the executive vice president now directly owns 98,010 shares of the company’s stock, valued at $44,906,221.80. This represents a 14.03% decrease in their position. The disclosure for this sale can be found here. Insiders sold 135,743 shares of company stock valued at $60,224,683 over the last 90 days. Insiders own 0.03% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Bank of America lowered their price target on Microsoft from $510.00 to $480.00 and set a “buy” rating for the company in a report on Tuesday, April 15th. Piper Sandler reaffirmed an “overweight” rating on shares of Microsoft in a research report on Wednesday, May 21st. KeyCorp reiterated a “sector weight” rating on shares of Microsoft in a report on Thursday, April 17th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $525.00 price objective on shares of Microsoft in a research note on Friday, May 23rd. Finally, Jefferies Financial Group raised their price objective on shares of Microsoft from $475.00 to $550.00 and gave the stock a “buy” rating in a research note on Thursday, May 1st. Five equities research analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $515.68.

Microsoft 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.