Cardinal Capital Management Has $19.14 Million Stock Position in Microsoft Corporation (NASDAQ:MSFT)

Cardinal Capital Management cut its position in Microsoft Corporation (NASDAQ:MSFT - Free Report) by 2.2% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 50,977 shares of the software giant's stock after selling 1,127 shares during the period. Microsoft comprises about 3.0% of Cardinal Capital Management's portfolio, making the stock its 3rd largest position. Cardinal Capital Management's holdings in Microsoft were worth $19,136,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Adamsbrown Wealth Consultants LLC grew its position in Microsoft by 2.2% in the fourth quarter. Adamsbrown Wealth Consultants LLC now owns 5,967 shares of the software giant's stock valued at $2,515,000 after purchasing an additional 130 shares in the last quarter. Mcdaniel Terry & Co. grew its position in Microsoft by 6.1% in the fourth quarter. Mcdaniel Terry & Co. now owns 315,594 shares of the software giant's stock valued at $133,023,000 after purchasing an additional 18,052 shares in the last quarter. 1900 Wealth Management LLC grew its position in Microsoft by 3.0% in the fourth quarter. 1900 Wealth Management LLC now owns 10,140 shares of the software giant's stock valued at $4,274,000 after purchasing an additional 294 shares in the last quarter. Strategic Financial Services Inc. grew its position in shares of Microsoft by 7.8% in the 4th quarter. Strategic Financial Services Inc. now owns 17,426 shares of the software giant's stock valued at $7,345,000 after acquiring an additional 1,268 shares during the period. Finally, Elevate Wealth Advisory Inc. grew its position in shares of Microsoft by 147.9% in the 4th quarter. Elevate Wealth Advisory Inc. now owns 1,748 shares of the software giant's stock valued at $737,000 after acquiring an additional 1,043 shares during the period. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on MSFT shares. Jefferies Financial Group lifted their price objective on shares of Microsoft from $475.00 to $550.00 and gave the company a "buy" rating in a research report on Thursday, May 1st. Oppenheimer raised shares of Microsoft from a "market perform" rating to an "outperform" rating and set a $600.00 target price for the company in a report on Wednesday, July 9th. Needham & Company LLC reaffirmed a "buy" rating on shares of Microsoft in a report on Thursday, May 1st. Barclays lifted their target price on shares of Microsoft from $494.00 to $550.00 and gave the stock an "overweight" rating in a report on Monday, July 21st. Finally, Scotiabank lifted their price objective on shares of Microsoft from $470.00 to $500.00 and gave the stock a "sector outperform" rating in a research note on Thursday, May 1st. Four equities research analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the stock. According to MarketBeat, Microsoft presently has an average rating of "Moderate Buy" and a consensus price target of $551.21.

Microsoft Stock Up 0.6%

Shares of MSFT stock traded up $2.83 on Friday, hitting $513.71. The stock had a trading volume of 19,103,456 shares, compared to its average volume of 16,594,816. The business has a 50 day moving average of $483.52 and a 200 day moving average of $431.52. The stock has a market cap of $3.82 trillion, a price-to-earnings ratio of 39.70, a price-to-earnings-growth ratio of 2.33 and a beta of 1.04. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.37 and a quick ratio of 1.36. Microsoft Corporation has a 12-month low of $344.79 and a 12-month high of $518.29.

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

Microsoft Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Thursday, August 21st will be given 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 0.65%. Microsoft's payout ratio is currently 25.66%.

Insider Activity at Microsoft

In related news, EVP Judson Althoff sold 16,000 shares of the stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $458.18, for a total transaction of $7,330,880.00. Following the completion of the transaction, the executive vice president owned 98,010 shares in the company, valued at approximately $44,906,221.80. This represents a 14.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Amy Coleman sold 13,243 shares of the stock in a transaction dated 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 transaction, the executive vice president owned 43,100 shares of the company's stock, valued at approximately $19,481,631. The trade was a 23.50% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 135,743 shares of company stock valued at $60,224,683 in the last 90 days. 0.03% of the stock is currently owned by company insiders.

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.