Cat Rock Capital Management LP Has $40.94 Million Stake in Microsoft Co. (NASDAQ:MSFT)

Cat Rock Capital Management LP trimmed its holdings in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) by 12.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 97,125 shares of the software giant's stock after selling 13,600 shares during the period. Microsoft comprises approximately 5.4% of Cat Rock Capital Management LP's investment portfolio, making the stock its 7th largest holding. Cat Rock Capital Management LP's holdings in Microsoft were worth $40,938,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MSFT. Muirfield Wealth Advisors LLC increased its stake in shares of Microsoft by 0.5% during the fourth quarter. Muirfield Wealth Advisors LLC now owns 4,427 shares of the software giant's stock valued at $1,866,000 after purchasing an additional 24 shares in the last quarter. Retirement Financial Solutions LLC grew its stake in shares of Microsoft by 2.3% in the 4th quarter. Retirement Financial Solutions LLC now owns 1,050 shares of the software giant's stock worth $443,000 after buying an additional 24 shares during the last quarter. Sterling Group Wealth Management LLC grew its stake in shares of Microsoft by 0.5% in the 4th quarter. Sterling Group Wealth Management LLC now owns 5,540 shares of the software giant's stock worth $2,335,000 after buying an additional 25 shares during the last quarter. Kuhn & Co Investment Counsel increased its position in Microsoft by 0.8% during the 4th quarter. Kuhn & Co Investment Counsel now owns 3,286 shares of the software giant's stock valued at $1,385,000 after buying an additional 25 shares in the last quarter. Finally, Alliance Wealth Management Group raised its stake in Microsoft by 0.4% during the fourth quarter. Alliance Wealth Management Group now owns 5,617 shares of the software giant's stock valued at $2,368,000 after buying an additional 25 shares during the last quarter. 71.13% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, EVP Takeshi Numoto sold 3,000 shares of the stock in a transaction on 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 sale, the executive vice president now directly owns 43,930 shares of the company's stock, valued at $20,339,590. This represents a 6.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Judson Althoff sold 16,000 shares of the firm's stock in a transaction on 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 sale, the executive vice president now owns 98,010 shares in the company, valued at $44,906,221.80. The trade was a 14.03% 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 Upgrades and Downgrades

MSFT has been the topic of several analyst reports. Bank of America dropped their target price on Microsoft from $510.00 to $480.00 and set a "buy" rating on the stock in a report on Tuesday, April 15th. TD Securities lifted their price target on Microsoft from $475.00 to $490.00 and gave the stock a "buy" rating in a research report on Thursday, May 1st. Tigress Financial increased their price objective 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. Mizuho raised their price objective on shares of Microsoft from $475.00 to $500.00 and gave the company an "outperform" rating in a research note on Thursday, May 1st. Finally, Raymond James upped their target price 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. Five equities research analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $515.68.

Microsoft Trading Down 0.8%

Shares of NASDAQ:MSFT opened at $474.96 on Monday. The stock's 50-day simple moving average is $428.05 and its two-hundred day simple moving average is $418.55. The stock has a market capitalization of $3.53 trillion, a price-to-earnings ratio of 38.24, a PEG ratio of 2.21 and a beta of 1.03. Microsoft Co. has a 52-week low of $344.79 and a 52-week high of $480.42. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.34 and a current ratio of 1.35.

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, topping analysts' consensus estimates of $3.22 by $0.24. The company had revenue of $70.07 billion for the quarter, compared to the consensus estimate of $68.54 billion. Microsoft had a net margin of 35.43% and a return on equity of 33.36%. The firm's revenue was up 13.3% compared to the same quarter last year. During the same quarter last year, the firm posted $2.94 earnings per share. Analysts expect that Microsoft Co. 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. Shareholders of record on Thursday, August 21st will be given a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date is Thursday, August 21st. Microsoft's payout ratio is 25.66%.

Microsoft Company 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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