CHURCHILL MANAGEMENT Corp Has $38.31 Million Stake in Microsoft Corporation $MSFT

CHURCHILL MANAGEMENT Corp decreased its stake in Microsoft Corporation (NASDAQ:MSFT - Free Report) by 5.7% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 102,062 shares of the software giant's stock after selling 6,202 shares during the quarter. Microsoft accounts for about 0.5% of CHURCHILL MANAGEMENT Corp's investment portfolio, making the stock its 21st largest holding. CHURCHILL MANAGEMENT Corp's holdings in Microsoft were worth $38,313,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also made changes to their positions in the company. WFA Asset Management Corp lifted its stake in shares of Microsoft by 27.0% in the first quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant's stock worth $427,000 after buying an additional 216 shares during the last quarter. Ironwood Wealth Management LLC. lifted its position in Microsoft by 0.3% during the 2nd quarter. Ironwood Wealth Management LLC. now owns 12,658 shares of the software giant's stock worth $5,658,000 after acquiring an additional 38 shares during the last quarter. Discipline Wealth Solutions LLC boosted its holdings in Microsoft by 410.4% during the third quarter. Discipline Wealth Solutions LLC now owns 2,659 shares of the software giant's stock valued at $1,144,000 after acquiring an additional 2,138 shares during the period. Wealth Group Ltd. grew its position in shares of Microsoft by 1.2% in the fourth quarter. Wealth Group Ltd. now owns 2,374 shares of the software giant's stock valued at $1,000,000 after purchasing an additional 28 shares during the last quarter. Finally, Tallon Kerry Patrick acquired a new stake in shares of Microsoft in the fourth quarter valued at about $1,375,000. 71.13% of the stock is owned by hedge funds and other institutional investors.

Microsoft Stock Performance

Shares of Microsoft stock traded down $2.96 on Monday, hitting $517.21. The stock had a trading volume of 6,850,717 shares, compared to its average volume of 22,188,012. The stock has a market cap of $3.84 trillion, a price-to-earnings ratio of 37.88, a price-to-earnings-growth ratio of 2.28 and a beta of 1.06. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.12. Microsoft Corporation has a twelve month low of $344.79 and a twelve month high of $555.45. The business's 50 day moving average is $502.60 and its two-hundred day moving average is $441.19.

Microsoft (NASDAQ:MSFT - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The software giant reported $3.65 earnings per share for the quarter, topping the consensus estimate of $3.35 by $0.30. Microsoft had a return on equity of 32.44% and a net margin of 36.15%. The firm had revenue of $76.44 billion for the quarter, compared to analysts' expectations of $73.79 billion. During the same quarter last year, the business earned $2.95 EPS. The company's quarterly revenue was up 18.1% compared to the same quarter last year. Analysts forecast that Microsoft Corporation will post 13.08 EPS for the current year.

Microsoft Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders 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 dividend yield of 0.6%. The ex-dividend date is Thursday, August 21st. Microsoft's payout ratio is presently 24.34%.

Wall Street Analyst Weigh In

MSFT has been the subject of several recent analyst reports. Cantor Fitzgerald increased their target price on Microsoft from $581.00 to $639.00 and gave the company an "overweight" rating in a research note on Thursday, July 31st. Evercore ISI raised their price objective on shares of Microsoft from $515.00 to $545.00 and gave the stock an "outperform" rating in a research note on Friday, July 25th. Mizuho boosted their target price on shares of Microsoft from $540.00 to $625.00 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. Loop Capital increased their price target on shares of Microsoft from $550.00 to $600.00 and gave the company a "buy" rating in a report on Thursday, July 24th. Finally, Barclays boosted their price objective on shares of Microsoft from $550.00 to $625.00 and gave the stock an "overweight" rating in a report on Thursday, July 31st. Two research analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the stock. Based on data from MarketBeat.com, Microsoft has an average rating of "Moderate Buy" and a consensus target price of $612.54.

Insider Buying and Selling

In related news, EVP Kathleen T. Hogan sold 21,500 shares of the stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $453.77, for a total transaction of $9,756,055.00. Following the sale, the executive vice president owned 134,888 shares of the company's stock, valued at $61,208,127.76. This represents a 13.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Takeshi Numoto sold 4,850 shares of the company's stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $527.32, for a total transaction of $2,557,502.00. Following the sale, the executive vice president directly owned 39,111 shares of the company's stock, valued at $20,624,012.52. This represents a 11.03% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 30,350 shares of company stock valued at $14,162,567. 0.03% of the stock is owned by company insiders.

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.