Cadinha & Co. LLC Reduces Position in Microsoft Corporation (NASDAQ:MSFT)

Cadinha & Co. LLC cut its holdings in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) by 35.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 34,479 shares of the software giant's stock after selling 19,045 shares during the quarter. Microsoft makes up approximately 2.8% of Cadinha & Co. LLC's portfolio, making the stock its 19th largest holding. Cadinha & Co. LLC's holdings in Microsoft were worth $12,943,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of MSFT. Ball & Co Wealth Management Inc. bought a new position in shares of Microsoft in the fourth quarter worth approximately $31,000. Fiduciary Advisors Inc. bought a new position in shares of Microsoft in the fourth quarter worth approximately $38,000. IFS Advisors LLC increased its position in shares of Microsoft by 53.8% in the fourth quarter. IFS Advisors LLC now owns 100 shares of the software giant's stock worth $42,000 after purchasing an additional 35 shares during the last quarter. LSV Asset Management bought a new position in shares of Microsoft in the fourth quarter worth approximately $44,000. Finally, Fairway Wealth LLC bought a new position in shares of Microsoft in the fourth quarter worth approximately $62,000. 71.13% of the stock is owned by hedge funds and other institutional investors.

Microsoft Price Performance

MSFT opened at $490.11 on Wednesday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.36 and a current ratio of 1.37. The stock has a market capitalization of $3.64 trillion, a P/E ratio of 37.88, a P/E/G ratio of 2.47 and a beta of 1.03. The company's 50-day simple moving average is $441.90 and its two-hundred day simple moving average is $420.91. Microsoft Corporation has a 52-week low of $344.79 and a 52-week high of $491.85.

Microsoft (NASDAQ:MSFT - Get Free Report) last posted its 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. The business had revenue of $70.07 billion for the quarter, compared to analysts' expectations of $68.54 billion. Microsoft had a net margin of 35.79% and a return on equity of 32.74%. The business's revenue for the quarter was up 13.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.94 EPS. As a group, analysts predict that Microsoft Corporation will post 13.08 EPS for the current year.

Microsoft Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders 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 yield of 0.68%. The ex-dividend date is Thursday, August 21st. Microsoft's dividend payout ratio is currently 25.66%.

Insider Buying and Selling at Microsoft

In other Microsoft news, insider Bradford L. Smith sold 75,000 shares of the firm's stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $436.05, for a total transaction of $32,703,750.00. Following the sale, the insider now directly owns 476,999 shares of the company's stock, valued at $207,995,413.95. This trade represents a 13.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Takeshi Numoto sold 3,000 shares of the business's stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $463.00, for a total value of $1,389,000.00. Following the completion of the transaction, the executive vice president now owns 43,930 shares in the company, valued at $20,339,590. The trade was a 6.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. In 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.

Analyst Ratings Changes

MSFT has been the topic of a number of recent research reports. Tigress Financial increased their price target on shares of Microsoft from $550.00 to $595.00 and gave the company a "buy" rating in a research report on Thursday, March 20th. Raymond James Financial raised their price target on Microsoft from $480.00 to $490.00 and gave the stock an "outperform" rating in a research note on Thursday, May 1st. Barclays raised their price objective on Microsoft from $430.00 to $494.00 and gave the company an "overweight" rating in a research report on Thursday, May 1st. Wells Fargo & Company reissued an "overweight" rating and set a $565.00 price objective (up previously from $515.00) on shares of Microsoft in a research report on Friday, June 13th. Finally, Cantor Fitzgerald raised their price objective on Microsoft from $502.00 to $512.00 and gave the company an "overweight" rating in a research report on Thursday, May 1st. Four equities research analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $515.68.

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.

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