Cardinal Point Capital Management ULC Buys 18,624 Shares of Microsoft Corporation $MSFT

Key Points

• Cardinal Point Capital Management ULC boosted its Microsoft stake by 65.3% in the first quarter, buying 18,624 shares to bring its total to 47,128 shares worth about $17.4 million.
• Microsoft reported strong quarterly results, topping expectations with $4.27 EPS on $82.89 billion in revenue, while revenue rose 18.3% year over year.
• Analysts remain broadly bullish, with 41 Buy ratings and an average Moderate Buy rating, even as some recent target prices were trimmed and the stock traded about 3% higher on the day.

Cardinal Point Capital Management ULC increased its stake in Microsoft Corporation (NASDAQ:MSFT - Free Report) by 65.3% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 47,128 shares of the software giant's stock after purchasing an additional 18,624 shares during the quarter. Microsoft makes up 1.1% of Cardinal Point Capital Management ULC's investment portfolio, making the stock its 27th largest holding. Cardinal Point Capital Management ULC's holdings in Microsoft were worth $17,446,000 as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. Longfellow Investment Management Co. LLC raised its holdings in Microsoft by 51.3% in the 2nd quarter. Longfellow Investment Management Co. LLC now owns 59 shares of the software giant's stock worth $29,000 after acquiring an additional 20 shares during the period. Bernzott Capital Advisors bought a new stake in Microsoft during the fourth quarter valued at about $34,000. Timmons Wealth Management LLC bought a new stake in Microsoft during the fourth quarter valued at about $36,000. Fairway Wealth LLC grew its position in shares of Microsoft by 287.0% in the fourth quarter. Fairway Wealth LLC now owns 89 shares of the software giant's stock valued at $43,000 after purchasing an additional 66 shares during the last quarter. Finally, LSV Asset Management acquired a new stake in shares of Microsoft in the fourth quarter valued at about $44,000. Institutional investors own 71.13% of the company's stock.

Insider Buying and Selling at Microsoft

In other Microsoft news, EVP Amy Coleman sold 1,262 shares of the business's stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $411.34, for a total value of $519,111.08. Following the transaction, the executive vice president owned 46,003 shares of the company's stock, valued at approximately $18,922,874.02. The trade was a 2.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Takeshi Numoto sold 4,500 shares of the stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $402.84, for a total value of $1,812,780.00. Following the sale, the executive vice president owned 47,468 shares in the company, valued at $19,122,009.12. The trade was a 8.66% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 23,762 shares of company stock worth $10,508,361. 0.03% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on MSFT shares. Dbs Bank cut their price objective on Microsoft from $678.00 to $573.00 in a research report on Thursday, May 7th. China Renaissance lowered their target price on Microsoft from $630.00 to $550.00 and set a "buy" rating on the stock in a report on Monday, May 4th. TD Cowen reaffirmed a "buy" rating and issued a $540.00 price target on shares of Microsoft in a research report on Thursday, June 4th. Robert W. Baird cut their price target on Microsoft from $540.00 to $500.00 and set an "outperform" rating for the company in a report on Wednesday, April 15th. Finally, The Goldman Sachs Group reissued a "buy" rating on shares of Microsoft in a research report on Thursday, April 30th. Forty-one investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, Microsoft currently has an average rating of "Moderate Buy" and an average price target of $560.86.

Microsoft Trading Up 3.0%

Microsoft stock opened at $384.28 on Thursday. The business has a 50 day moving average price of $407.66 and a two-hundred day moving average price of $418.67. The company has a quick ratio of 1.27, a current ratio of 1.28 and a debt-to-equity ratio of 0.08. Microsoft Corporation has a 12 month low of $349.20 and a 12 month high of $555.45. The stock has a market cap of $2.85 trillion, a price-to-earnings ratio of 22.87, a price-to-earnings-growth ratio of 1.34 and a beta of 1.13.

Microsoft (NASDAQ:MSFT - Get Free Report) last announced its quarterly earnings data on Wednesday, April 29th. The software giant reported $4.27 earnings per share for the quarter, topping the consensus estimate of $4.06 by $0.21. The company had revenue of $82.89 billion for the quarter, compared to analyst estimates of $81.44 billion. Microsoft had a return on equity of 31.94% and a net margin of 39.34%.Microsoft's revenue for the quarter was up 18.3% compared to the same quarter last year. During the same quarter last year, the firm earned $3.46 EPS. As a group, equities analysts forecast that Microsoft Corporation will post 16.76 EPS for the current year.

Microsoft Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Thursday, August 20th will be issued a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Thursday, August 20th. Microsoft's dividend payout ratio (DPR) is currently 21.67%.

Microsoft News Summary

Here are the key news stories impacting Microsoft this week:

• Positive Sentiment: Haleon signed a new five-year collaboration with Microsoft to expand use of its AI, cloud, and data technologies, underscoring continued enterprise adoption of Microsoft’s AI stack. Article Title
• Positive Sentiment: A Jefferies CIO survey showed Azure widening its lead over AWS among U.S. CIOs, supporting the case that Microsoft’s cloud momentum remains intact. Article Title
• Positive Sentiment: Analysts remain constructive on the stock, with JMP Securities reaffirming an Outperform view after Copilot Cowork’s launch and other coverage pointing to Microsoft’s AI growth potential. Article Title
• Neutral Sentiment: Microsoft is still drawing investor attention as a long-term AI winner, but several commentary pieces argue the stock is also under pressure from higher valuation scrutiny and broad Magnificent 7 weakness. Article Title
• Negative Sentiment: Reports that Microsoft may cut thousands of jobs, including in Xbox, sales, and consulting, are fueling concern that heavy AI spending is pressuring margins and forcing cost reductions. Article Title
• Negative Sentiment: Investor class-action notices tied to alleged Copilot/Azure misrepresentations are adding legal overhang and keeping sentiment cautious around MSFT. Article Title

About Microsoft

Microsoft Corporation is a global technology company headquartered in Redmond, Washington. Founded in 1975 by Bill Gates and Paul Allen, Microsoft develops, licenses and supports a broad range of software products, services and devices for consumers, enterprises and governments worldwide. Its operations span personal computing, productivity software, cloud infrastructure, enterprise applications, developer tools and gaming.

Microsoft's product portfolio includes the Windows operating system and the Microsoft 365 suite of productivity and collaboration tools (Office apps, Outlook, Teams).

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