CBIZ Investment Advisory Services LLC Purchases 546 Shares of Microsoft Co. (NASDAQ:MSFT)

CBIZ Investment Advisory Services LLC grew its position in shares of Microsoft Co. (NASDAQ:MSFTFree Report) by 20.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,213 shares of the software giant’s stock after buying an additional 546 shares during the quarter. Microsoft accounts for approximately 0.1% of CBIZ Investment Advisory Services LLC’s investment portfolio, making the stock its 23rd biggest holding. CBIZ Investment Advisory Services LLC’s holdings in Microsoft were worth $1,208,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of MSFT. Norges Bank bought a new position in shares of Microsoft during the 4th quarter worth approximately $35,920,047,000. International Assets Investment Management LLC purchased a new stake in shares of Microsoft during the 4th quarter worth approximately $9,625,201,000. FMR LLC increased its stake in shares of Microsoft by 2.7% during the 3rd quarter. FMR LLC now owns 215,874,152 shares of the software giant’s stock worth $68,162,263,000 after purchasing an additional 5,762,902 shares during the last quarter. Cerity Partners LLC increased its stake in shares of Microsoft by 277.8% during the 4th quarter. Cerity Partners LLC now owns 7,004,341 shares of the software giant’s stock worth $2,633,912,000 after purchasing an additional 5,150,160 shares during the last quarter. Finally, Barclays PLC increased its stake in shares of Microsoft by 9.3% during the 3rd quarter. Barclays PLC now owns 28,987,007 shares of the software giant’s stock worth $9,152,647,000 after purchasing an additional 2,456,190 shares during the last quarter. Institutional investors own 71.13% of the company’s stock.

Microsoft Stock Performance

NASDAQ MSFT opened at $424.52 on Friday. Microsoft Co. has a 52-week low of $309.45 and a 52-week high of $433.60. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.23 and a current ratio of 1.24. The company has a market capitalization of $3.16 trillion, a P/E ratio of 36.76, a P/E/G ratio of 2.20 and a beta of 0.89. The company has a fifty day moving average of $416.13 and a 200-day moving average of $402.07.

Microsoft (NASDAQ:MSFTGet Free Report) last posted its quarterly earnings data on Thursday, April 25th. The software giant reported $2.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.81 by $0.13. Microsoft had a net margin of 36.43% and a return on equity of 37.54%. The company had revenue of $61.86 billion during the quarter, compared to the consensus estimate of $60.86 billion. During the same period in the previous year, the firm posted $2.45 EPS. The firm’s revenue was up 17.0% compared to the same quarter last year. As a group, equities research analysts predict that Microsoft Co. will post 11.77 EPS for the current fiscal year.

Microsoft Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 13th. Shareholders of record on Thursday, May 16th will be paid a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 0.71%. The ex-dividend date is Wednesday, May 15th. Microsoft’s dividend payout ratio is presently 25.97%.

Wall Street Analysts Forecast Growth

MSFT has been the subject of several research analyst reports. Piper Sandler restated an “overweight” rating and set a $465.00 price target (up previously from $455.00) on shares of Microsoft in a research note on Friday, April 26th. Morgan Stanley raised their price target on shares of Microsoft from $465.00 to $520.00 and gave the stock an “overweight” rating in a research note on Thursday, April 11th. Jefferies Financial Group raised their price target on shares of Microsoft from $465.00 to $550.00 and gave the stock a “buy” rating in a research note on Monday, April 1st. Raymond James reiterated an “outperform” rating and issued a $480.00 price objective (up from $450.00) on shares of Microsoft in a research note on Friday, April 26th. Finally, KeyCorp assumed coverage on shares of Microsoft in a research note on Thursday, March 21st. They issued an “overweight” rating and a $490.00 price objective for the company. Three research analysts have rated the stock with a hold rating and thirty-two have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $457.91.

Read Our Latest Stock Analysis on MSFT

Insiders Place Their Bets

In other Microsoft news, CMO Takeshi Numoto sold 322 shares of the business’s stock in a transaction on Friday, May 31st. The shares were sold at an average price of $416.60, for a total value of $134,145.20. Following the completion of the sale, the chief marketing officer now directly owns 47,255 shares of the company’s stock, valued at $19,686,433. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Microsoft news, CMO Takeshi Numoto sold 322 shares of the business’s stock in a transaction on Friday, May 31st. The shares were sold at an average price of $416.60, for a total value of $134,145.20. Following the completion of the sale, the chief marketing officer now directly owns 47,255 shares of the company’s stock, valued at $19,686,433. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Judson Althoff sold 25,000 shares of the business’s stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $425.68, for a total transaction of $10,642,000.00. Following the completion of the sale, the executive vice president now directly owns 104,949 shares of the company’s stock, valued at $44,674,690.32. The disclosure for this sale can be found here. Insiders sold 47,521 shares of company stock valued at $19,746,476 over the last three months. Insiders own 0.03% of the company’s stock.

Microsoft Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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