Microsoft Co. (NASDAQ:MSFT) Position Lifted by Cladis Investment Advisory LLC

Cladis Investment Advisory LLC raised its position in Microsoft Co. (NASDAQ:MSFT) by 1.0% in the third quarter, Holdings Channel.com reports. The institutional investor owned 11,014 shares of the software giant’s stock after purchasing an additional 110 shares during the period. Microsoft comprises approximately 3.3% of Cladis Investment Advisory LLC’s holdings, making the stock its 3rd largest position. Cladis Investment Advisory LLC’s holdings in Microsoft were worth $4,739,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Net Worth Advisory Group acquired a new position in Microsoft in the third quarter valued at $2,645,000. Oak Ridge Investments LLC lifted its position in Microsoft by 7.6% during the 3rd quarter. Oak Ridge Investments LLC now owns 263,534 shares of the software giant’s stock worth $113,399,000 after acquiring an additional 18,544 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its stake in shares of Microsoft by 1.6% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,975,200 shares of the software giant’s stock valued at $882,816,000 after purchasing an additional 31,401 shares during the last quarter. Jacobs & Co. CA increased its holdings in shares of Microsoft by 0.9% in the third quarter. Jacobs & Co. CA now owns 96,021 shares of the software giant’s stock valued at $41,318,000 after purchasing an additional 880 shares during the period. Finally, Focus Financial Network Inc. raised its stake in shares of Microsoft by 2.0% during the third quarter. Focus Financial Network Inc. now owns 76,296 shares of the software giant’s stock worth $32,830,000 after purchasing an additional 1,489 shares during the last quarter. 71.13% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CMO Takeshi Numoto sold 2,500 shares of the business’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $447.41, for a total transaction of $1,118,525.00. Following the completion of the sale, the chief marketing officer now owns 49,352 shares in the company, valued at approximately $22,080,578.32. The trade was a 4.82 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Christopher David Young sold 7,200 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $423.66, for a total transaction of $3,050,352.00. Following the completion of the transaction, the executive vice president now owns 103,366 shares in the company, valued at $43,792,039.56. The trade was a 6.51 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 41,200 shares of company stock valued at $17,383,892 in the last 90 days. 0.03% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Wedbush reissued an “outperform” rating and issued a $550.00 price objective on shares of Microsoft in a research note on Tuesday, November 19th. Wells Fargo & Company reissued a “buy” rating on shares of Microsoft in a report on Friday, October 18th. DA Davidson reaffirmed a “neutral” rating and issued a $425.00 price objective on shares of Microsoft in a report on Thursday, January 30th. Stifel Nicolaus raised their price target on Microsoft from $475.00 to $515.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $509.00 price objective on shares of Microsoft in a report on Wednesday, January 29th. Three analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $510.96.

Microsoft Trading Up 0.2 %

Shares of MSFT stock opened at $413.29 on Thursday. Microsoft Co. has a twelve month low of $385.58 and a twelve month high of $468.35. The company has a market capitalization of $3.07 trillion, a price-to-earnings ratio of 33.28, a PEG ratio of 2.21 and a beta of 0.90. The firm has a 50-day moving average price of $432.06 and a 200 day moving average price of $424.01. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.13.

Microsoft (NASDAQ:MSFT) last announced its earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.15 by $0.08. Microsoft had a net margin of 35.43% and a return on equity of 33.36%. During the same quarter last year, the company earned $2.93 EPS. Research analysts forecast that Microsoft Co. will post 13.03 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 20th will be paid a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date is Thursday, February 20th. Microsoft’s payout ratio is 26.73%.

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.