Caldwell Sutter Capital Inc. Sells 403 Shares of Microsoft Corporation (NASDAQ:MSFT)

Caldwell Sutter Capital Inc. cut its holdings in Microsoft Corporation (NASDAQ:MSFT) by 4.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,973 shares of the software giant’s stock after selling 403 shares during the period. Microsoft comprises about 1.6% of Caldwell Sutter Capital Inc.’s holdings, making the stock its 7th largest position. Caldwell Sutter Capital Inc.’s holdings in Microsoft were worth $3,368,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Steele Capital Management Inc. increased its position in shares of Microsoft by 3.3% during the first quarter. Steele Capital Management Inc. now owns 14,563 shares of the software giant’s stock worth $5,467,000 after purchasing an additional 470 shares in the last quarter. Kelly Financial Group LLC increased its position in shares of Microsoft by 10.3% during the first quarter. Kelly Financial Group LLC now owns 9,902 shares of the software giant’s stock worth $3,717,000 after purchasing an additional 926 shares in the last quarter. RTD Financial Advisors Inc. increased its position in shares of Microsoft by 11.6% during the first quarter. RTD Financial Advisors Inc. now owns 1,941 shares of the software giant’s stock worth $729,000 after purchasing an additional 201 shares in the last quarter. CVA Family Office LLC increased its position in shares of Microsoft by 2.4% during the first quarter. CVA Family Office LLC now owns 24,797 shares of the software giant’s stock worth $9,308,000 after purchasing an additional 592 shares in the last quarter. Finally, Powers Advisory Group LLC increased its position in shares of Microsoft by 0.8% during the first quarter. Powers Advisory Group LLC now owns 14,256 shares of the software giant’s stock worth $5,352,000 after purchasing an additional 116 shares in the last quarter. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Microsoft

In related news, EVP Kathleen T. Hogan sold 21,500 shares of the company’s stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $453.77, for a total value of $9,756,055.00. Following the sale, the executive vice president owned 134,888 shares of the company’s stock, valued at approximately $61,208,127.76. This represents a 13.75% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Judson Althoff sold 16,000 shares of the company’s stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $458.18, for a total value of $7,330,880.00. Following the completion of the sale, the executive vice president directly owned 98,010 shares in the company, valued at approximately $44,906,221.80. The trade was a 14.03% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 135,743 shares of company stock worth $60,224,683. Corporate insiders own 0.03% of the company’s stock.

Microsoft Price Performance

Shares of NASDAQ:MSFT opened at $505.62 on Thursday. The business’s 50 day simple moving average is $474.88 and its 200-day simple moving average is $427.28. The firm has a market capitalization of $3.76 trillion, a price-to-earnings ratio of 39.07, a price-to-earnings-growth ratio of 2.30 and a beta of 1.04. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.37 and a quick ratio of 1.36. Microsoft Corporation has a 12 month low of $344.79 and a 12 month high of $508.30.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings results on Wednesday, April 30th. The software giant reported $3.46 EPS for the quarter, topping the consensus estimate of $3.22 by $0.24. The business had revenue of $70.07 billion for the quarter, compared to analyst estimates of $68.54 billion. Microsoft had a return on equity of 32.74% and a net margin of 35.79%. The company’s quarterly revenue was up 13.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.94 EPS. As a group, equities analysts forecast that Microsoft Corporation will post 13.08 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Thursday, August 21st will be paid a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a dividend yield of 0.66%. The ex-dividend date is Thursday, August 21st. Microsoft’s dividend payout ratio (DPR) is 25.66%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on MSFT. KeyCorp reiterated a “sector weight” rating on shares of Microsoft in a research report on Thursday, April 17th. Stifel Nicolaus lifted their target price on Microsoft from $475.00 to $500.00 and gave the stock a “buy” rating in a research report on Thursday, May 1st. TD Securities lifted their target price on Microsoft from $475.00 to $490.00 and gave the stock a “buy” rating in a research report on Thursday, May 1st. Benchmark reissued a “buy” rating on shares of Microsoft in a report on Thursday, May 1st. Finally, BMO Capital Markets raised their price target on Microsoft from $485.00 to $550.00 and gave the stock an “outperform” rating in a report on Thursday, July 10th. Four analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $538.04.

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.