Cumberland Advisors Inc. Raises Stock Position in Microsoft Co. (NASDAQ:MSFT)

Cumberland Advisors Inc. grew its holdings in Microsoft Co. (NASDAQ:MSFT) by 1.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 19,740 shares of the software giant’s stock after purchasing an additional 285 shares during the quarter. Microsoft makes up approximately 3.1% of Cumberland Advisors Inc.’s holdings, making the stock its 9th biggest holding. Cumberland Advisors Inc.’s holdings in Microsoft were worth $8,305,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the business. Financial Security Advisor Inc. raised its holdings in Microsoft by 1.7% during the 4th quarter. Financial Security Advisor Inc. now owns 27,270 shares of the software giant’s stock worth $10,255,000 after buying an additional 452 shares during the period. Gunderson Capital Management Inc. grew its stake in shares of Microsoft by 0.7% during the 4th quarter. Gunderson Capital Management Inc. now owns 24,887 shares of the software giant’s stock worth $9,359,000 after acquiring an additional 185 shares in the last quarter. Rappaport Reiches Capital Management LLC grew its stake in shares of Microsoft by 14.9% during the 4th quarter. Rappaport Reiches Capital Management LLC now owns 8,213 shares of the software giant’s stock worth $3,089,000 after acquiring an additional 1,067 shares in the last quarter. Bayesian Capital Management LP grew its stake in shares of Microsoft by 60.1% during the 4th quarter. Bayesian Capital Management LP now owns 48,500 shares of the software giant’s stock worth $18,238,000 after acquiring an additional 18,200 shares in the last quarter. Finally, RNC Capital Management LLC grew its stake in shares of Microsoft by 10.4% during the 4th quarter. RNC Capital Management LLC now owns 69,053 shares of the software giant’s stock worth $25,967,000 after acquiring an additional 6,484 shares in the last quarter. Institutional investors own 71.13% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on MSFT. Truist Financial reissued a “buy” rating and issued a $600.00 target price on shares of Microsoft in a research note on Monday, June 17th. Morgan Stanley raised their target price on shares of Microsoft from $465.00 to $520.00 and gave the company an “overweight” rating in a research note on Thursday, April 11th. Piper Sandler reissued an “overweight” rating and issued a $465.00 target price (up from $455.00) on shares of Microsoft in a research note on Friday, April 26th. New Street Research began coverage on shares of Microsoft in a research note on Monday, June 10th. They issued a “buy” rating and a $570.00 target price for the company. Finally, Wells Fargo & Company raised their target price on shares of Microsoft from $480.00 to $500.00 and gave the company an “overweight” rating in a research note on Friday, April 26th. Three equities research analysts have rated the stock with a hold rating and thirty-three have issued a buy rating to the company. Based on data from MarketBeat, Microsoft currently has a consensus rating of “Moderate Buy” and an average target price of $467.12.

Microsoft Stock Up 0.3 %

MSFT stock opened at $460.77 on Friday. The company has a market cap of $3.42 trillion, a PE ratio of 39.89, a price-to-earnings-growth ratio of 2.16 and a beta of 0.89. The business has a 50-day simple moving average of $427.29 and a 200 day simple moving average of $411.76. Microsoft Co. has a 52 week low of $309.45 and a 52 week high of $461.02. The company has a quick ratio of 1.23, a current ratio of 1.24 and a debt-to-equity ratio of 0.17.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings results on Thursday, April 25th. The software giant reported $2.94 EPS for the quarter, beating analysts’ consensus estimates of $2.81 by $0.13. The business had revenue of $61.86 billion during the quarter, compared to the consensus estimate of $60.86 billion. Microsoft had a return on equity of 37.54% and a net margin of 36.43%. Microsoft’s revenue for the quarter was up 17.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.45 earnings per share. Sell-side analysts anticipate that Microsoft Co. will post 11.77 EPS for the current fiscal year.

Microsoft Announces Dividend

The firm 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 0.65%. The ex-dividend date of this dividend is Thursday, August 15th. Microsoft’s payout ratio is 25.97%.

Insider Transactions at Microsoft

In other news, EVP Judson Althoff sold 25,000 shares of the stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $425.68, for a total value of $10,642,000.00. Following the completion of the transaction, the executive vice president now owns 104,949 shares of the company’s stock, valued at $44,674,690.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, EVP Judson Althoff sold 25,000 shares of the company’s stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $425.68, for a total value of $10,642,000.00. Following the completion of the transaction, the executive vice president now owns 104,949 shares of the company’s stock, valued at $44,674,690.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CMO Takeshi Numoto sold 244 shares of the company’s 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 completion of the transaction, the chief marketing officer now directly owns 47,011 shares of the company’s stock, valued at approximately $19,534,480.83. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 25,566 shares of company stock valued at $10,877,535. 0.03% of the stock is currently owned by insiders.

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.