Cushing Capital Partners LLC Buys Shares of 2,778 Microsoft Co. (NASDAQ:MSFT)

Cushing Capital Partners LLC bought a new position in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 2,778 shares of the software giant's stock, valued at approximately $1,171,000. Microsoft accounts for approximately 1.1% of Cushing Capital Partners LLC's holdings, making the stock its 27th largest position.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Adamsbrown Wealth Consultants LLC boosted its holdings in shares of Microsoft by 2.2% during the fourth quarter. Adamsbrown Wealth Consultants LLC now owns 5,967 shares of the software giant's stock worth $2,515,000 after acquiring an additional 130 shares during the period. Mcdaniel Terry & Co. lifted its stake in shares of Microsoft by 6.1% in the 4th quarter. Mcdaniel Terry & Co. now owns 315,594 shares of the software giant's stock valued at $133,023,000 after acquiring an additional 18,052 shares during the last quarter. Centric Wealth Management grew its holdings in shares of Microsoft by 0.7% during the third quarter. Centric Wealth Management now owns 16,156 shares of the software giant's stock worth $6,789,000 after purchasing an additional 112 shares during the last quarter. 1900 Wealth Management LLC increased its position in Microsoft by 3.0% in the 4th quarter. 1900 Wealth Management LLC now owns 10,140 shares of the software giant's stock valued at $4,274,000 after acquiring an additional 294 shares during the period. Finally, The Manufacturers Life Insurance Company grew its position in shares of Microsoft by 2.4% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 9,250,128 shares of the software giant's stock valued at $3,980,299,000 after buying an additional 217,509 shares during the last quarter. 71.13% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Microsoft news, EVP Amy Coleman sold 13,243 shares of the firm's stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $452.01, for a total value of $5,985,968.43. Following the transaction, the executive vice president now directly owns 43,100 shares of the company's stock, valued at $19,481,631. This trade represents a 23.50% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Bradford L. Smith sold 6,000 shares of the business's stock in a transaction on Monday, May 5th. The stock was sold at an average price of $433.17, for a total value of $2,599,020.00. Following the transaction, the insider now directly owns 471,036 shares in the company, valued at $204,038,664.12. This trade represents a 1.26% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 94,243 shares of company stock worth $41,288,738 in the last 90 days. Insiders own 0.03% of the company's stock.

Microsoft Stock Performance

NASDAQ MSFT traded up $1.14 on Friday, hitting $454.27. 23,797,504 shares of the company's stock traded hands, compared to its average volume of 21,563,395. The firm has a market capitalization of $3.38 trillion, a PE ratio of 36.58, a P/E/G ratio of 2.21 and a beta of 0.99. The firm's 50-day moving average price is $395.33 and its two-hundred day moving average price is $412.48. Microsoft Co. has a 1-year low of $344.79 and a 1-year high of $468.35. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.13.

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, topping the consensus estimate of $3.22 by $0.24. Microsoft had a net margin of 35.43% and a return on equity of 33.36%. The business had revenue of $70.07 billion for the quarter, compared to analyst estimates of $68.54 billion. During the same period in the prior year, the company posted $2.94 EPS. The company's revenue for the quarter was up 13.3% on a year-over-year basis. As a group, 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, June 12th. Investors of record on Thursday, May 15th will be issued a $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 0.73%. The ex-dividend date is Thursday, May 15th. Microsoft's payout ratio is presently 25.66%.

Analyst Upgrades and Downgrades

MSFT has been the subject of a number of recent analyst reports. StockNews.com upgraded Microsoft from a "hold" rating to a "buy" rating in a report on Monday, May 5th. KeyCorp reiterated a "sector weight" rating on shares of Microsoft in a report on Thursday, April 17th. Scotiabank increased their price target on Microsoft from $470.00 to $500.00 and gave the stock a "sector outperform" rating in a report on Thursday, May 1st. Benchmark reaffirmed a "buy" rating on shares of Microsoft in a research report on Thursday, May 1st. Finally, DA Davidson increased their target price on shares of Microsoft from $450.00 to $500.00 and gave the stock a "buy" rating in a research note on Thursday, May 1st. Five analysts have rated the stock with a hold rating and thirty have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $510.30.

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.