Addenda Capital Inc. Sells 572 Shares of Microsoft Corporation (NASDAQ:MSFT)

Addenda Capital Inc. lowered its position in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) by 0.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 97,559 shares of the software giant's stock after selling 572 shares during the period. Microsoft accounts for about 1.7% of Addenda Capital Inc.'s holdings, making the stock its 17th biggest position. Addenda Capital Inc.'s holdings in Microsoft were worth $36,623,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in MSFT. Ball & Co Wealth Management Inc. purchased a new position in Microsoft in the 4th quarter worth approximately $31,000. Fiduciary Advisors Inc. bought a new position in Microsoft in the fourth quarter worth about $38,000. LSV Asset Management purchased a new position in shares of Microsoft in the 4th quarter valued at approximately $44,000. Fairway Wealth LLC bought a new stake in shares of Microsoft during the 4th quarter valued at $62,000. Finally, Sellwood Investment Partners LLC bought a new stake in Microsoft during the fourth quarter worth about $120,000. Institutional investors own 71.13% of the company's stock.

Insider Activity

In other Microsoft news, insider Bradford L. Smith sold 75,000 shares of the business's stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $436.05, for a total value of $32,703,750.00. Following the completion of the transaction, the insider now directly owns 476,999 shares in the company, valued at approximately $207,995,413.95. The trade was a 13.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Amy Coleman sold 13,243 shares of the stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $452.01, for a total transaction of $5,985,968.43. Following the sale, the executive vice president now directly owns 43,100 shares of the company's stock, valued at $19,481,631. The trade was a 23.50% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 135,743 shares of company stock worth $60,224,683. Company insiders own 0.03% of the company's stock.

Microsoft Stock Performance

NASDAQ:MSFT opened at $495.94 on Friday. The stock's fifty day moving average is $449.47 and its 200 day moving average is $422.12. The firm has a market capitalization of $3.69 trillion, a PE ratio of 38.33, a PEG ratio of 2.52 and a beta of 1.03. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.36 and a current ratio of 1.37. Microsoft Corporation has a fifty-two week low of $344.79 and a fifty-two week high of $499.30.

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

Microsoft Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Thursday, August 21st will be issued a dividend of $0.83 per share. The ex-dividend date is Thursday, August 21st. This represents a $3.32 annualized dividend and a yield of 0.67%. Microsoft's payout ratio is currently 25.66%.

Analyst Ratings Changes

A number of research firms have recently commented on MSFT. Piper Sandler reissued an "overweight" rating on shares of Microsoft in a research note on Wednesday, May 21st. KeyCorp reiterated a "sector weight" rating on shares of Microsoft in a research note on Thursday, April 17th. UBS Group dropped their price objective on shares of Microsoft from $510.00 to $480.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Cantor Fitzgerald boosted their price target on Microsoft from $502.00 to $512.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. Finally, Raymond James Financial increased their price objective on shares of Microsoft from $480.00 to $490.00 and gave the stock an "outperform" rating in a research note on Thursday, May 1st. Four investment analysts have rated the stock with a hold rating and thirty have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $521.14.

About Microsoft

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.

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