Cache Advisors LLC Makes New $14.25 Million Investment in Microsoft Corporation (NASDAQ:MSFT)

Cache Advisors LLC purchased a new position in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 33,805 shares of the software giant's stock, valued at approximately $14,249,000. Microsoft makes up 5.4% of Cache Advisors LLC's holdings, making the stock its 7th largest holding.

A number of other large investors also recently modified their holdings of the company. GF Fund Management CO. LTD. bought a new position in Microsoft in the 4th quarter valued at approximately $322,481,000. Pinney & Scofield Inc. acquired a new position in Microsoft in the 4th quarter valued at approximately $427,000. Parr Mcknight Wealth Management Group LLC bought a new position in shares of Microsoft during the fourth quarter valued at $31,464,000. WCG Wealth Advisors LLC lifted its holdings in shares of Microsoft by 1.4% during the fourth quarter. WCG Wealth Advisors LLC now owns 74,631 shares of the software giant's stock worth $31,457,000 after purchasing an additional 1,060 shares during the period. Finally, Pacific Point Advisors LLC bought a new stake in shares of Microsoft in the fourth quarter worth $5,374,000. 71.13% of the stock is currently owned by institutional investors.

Microsoft Trading Up 0.5%

NASDAQ MSFT opened at $480.24 on Thursday. The company has a quick ratio of 1.36, a current ratio of 1.37 and a debt-to-equity ratio of 0.12. Microsoft Corporation has a 52 week low of $344.79 and a 52 week high of $481.00. The business has a 50 day moving average price of $434.09 and a 200-day moving average price of $419.74. The company has a market cap of $3.57 trillion, a price-to-earnings ratio of 37.11, a P/E/G ratio of 2.43 and a beta of 1.03.

Microsoft (NASDAQ:MSFT - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The software giant reported $3.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.22 by $0.24. Microsoft had a net margin of 35.79% and a return on equity of 32.74%. The business had revenue of $70.07 billion during the quarter, compared to the consensus estimate of $68.54 billion. During the same quarter last year, the firm posted $2.94 EPS. Microsoft's revenue was up 13.3% compared to the same quarter last year. As a group, equities analysts expect that Microsoft Corporation will post 13.08 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Thursday, August 21st will be given a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a dividend yield of 0.69%. The ex-dividend date is Thursday, August 21st. Microsoft's payout ratio is presently 25.66%.

Insider Buying and Selling

In other Microsoft news, EVP Takeshi Numoto sold 3,000 shares of the business's stock in a transaction that occurred on 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 completion of the sale, the executive vice president now directly owns 43,930 shares of the company's stock, valued at approximately $20,339,590. The trade was a 6.39% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Bradford L. Smith sold 75,000 shares of the stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $436.05, for a total value of $32,703,750.00. Following the completion of the sale, the insider now directly owns 476,999 shares of the company's stock, valued at approximately $207,995,413.95. This trade represents a 13.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 135,743 shares of company stock worth $60,224,683 in the last quarter. Insiders own 0.03% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on MSFT shares. Cantor Fitzgerald raised their target price on Microsoft from $502.00 to $512.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st. Evercore ISI set a $515.00 price objective on Microsoft and gave the stock an "outperform" rating in a research report on Wednesday, May 21st. Wells Fargo & Company reiterated an "overweight" rating and issued a $565.00 target price (up from $515.00) on shares of Microsoft in a report on Friday, June 13th. Morgan Stanley reissued an "overweight" rating on shares of Microsoft in a research report on Wednesday, June 4th. Finally, Scotiabank boosted their price target on shares of Microsoft from $470.00 to $500.00 and gave the stock a "sector outperform" rating in a research report on Thursday, May 1st. Five investment analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $515.68.

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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