Microsoft Co. (NASDAQ:MSFT) Shares Sold by Mckinley Capital Management LLC

Mckinley Capital Management LLC cut its holdings in shares of Microsoft Co. (NASDAQ:MSFTFree Report) by 1.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 134,688 shares of the software giant’s stock after selling 1,813 shares during the period. Microsoft comprises about 6.5% of Mckinley Capital Management LLC’s investment portfolio, making the stock its biggest holding. Mckinley Capital Management LLC’s holdings in Microsoft were worth $50,648,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Coldstream Capital Management Inc. grew its stake in Microsoft by 3.1% in the fourth quarter. Coldstream Capital Management Inc. now owns 767,497 shares of the software giant’s stock worth $288,610,000 after purchasing an additional 23,114 shares in the last quarter. Blankinship & Foster LLC grew its stake in Microsoft by 11.5% in the fourth quarter. Blankinship & Foster LLC now owns 1,932 shares of the software giant’s stock worth $727,000 after purchasing an additional 200 shares in the last quarter. Paragon Private Wealth Management LLC grew its stake in Microsoft by 6.2% in the fourth quarter. Paragon Private Wealth Management LLC now owns 14,984 shares of the software giant’s stock worth $5,635,000 after purchasing an additional 869 shares in the last quarter. Gladstone Institutional Advisory LLC grew its stake in Microsoft by 24.2% in the fourth quarter. Gladstone Institutional Advisory LLC now owns 94,136 shares of the software giant’s stock worth $35,399,000 after purchasing an additional 18,341 shares in the last quarter. Finally, Crake Asset Management LLP grew its stake in Microsoft by 17.8% in the fourth quarter. Crake Asset Management LLP now owns 225,073 shares of the software giant’s stock worth $84,636,000 after purchasing an additional 34,000 shares in the last quarter. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Microsoft news, CMO Takeshi Numoto sold 244 shares of Microsoft stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $415.53, for a total value of $101,389.32. Following the transaction, the chief marketing officer now owns 47,011 shares in the company, valued at $19,534,480.83. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Microsoft news, CMO Takeshi Numoto sold 244 shares of Microsoft stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $415.53, for a total value of $101,389.32. Following the transaction, the chief marketing officer now owns 47,011 shares in the company, valued at $19,534,480.83. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Kathleen T. Hogan sold 21,955 shares of Microsoft stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $403.96, for a total transaction of $8,868,941.80. Following the completion of the transaction, the executive vice president now owns 159,764 shares in the company, valued at approximately $64,538,265.44. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 47,521 shares of company stock worth $19,746,476. 0.03% of the stock is owned by insiders.

Microsoft Price Performance

Shares of NASDAQ:MSFT opened at $424.52 on Friday. Microsoft Co. has a 12 month low of $309.45 and a 12 month high of $433.60. The stock has a market cap of $3.16 trillion, a price-to-earnings ratio of 36.76, a PEG ratio of 2.20 and a beta of 0.89. The stock’s 50 day moving average price is $416.13 and its 200 day moving average price is $402.07. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.24 and a quick ratio of 1.23.

Microsoft (NASDAQ:MSFTGet Free Report) last announced its earnings results on Thursday, April 25th. The software giant reported $2.94 EPS for the quarter, topping the consensus estimate of $2.81 by $0.13. Microsoft had a return on equity of 37.54% and a net margin of 36.43%. The firm had revenue of $61.86 billion for the quarter, compared to analysts’ expectations of $60.86 billion. During the same quarter in the previous year, the company earned $2.45 earnings per share. The firm’s quarterly revenue was up 17.0% compared to the same quarter last year. Equities research analysts anticipate that Microsoft Co. will post 11.77 earnings per share 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 given a $0.75 dividend. The ex-dividend date is Wednesday, May 15th. This represents a $3.00 annualized dividend and a yield of 0.71%. Microsoft’s dividend payout ratio (DPR) is 25.97%.

Wall Street Analyst Weigh In

A number of research firms recently commented on MSFT. Royal Bank of Canada reiterated an “outperform” rating and issued a $500.00 price target on shares of Microsoft in a research note on Friday, May 24th. Evercore ISI lifted their price target on Microsoft from $475.00 to $485.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. Truist Financial reissued a “buy” rating and issued a $600.00 target price on shares of Microsoft in a report on Monday, March 25th. KeyCorp assumed coverage on shares of Microsoft in a report on Thursday, March 21st. They issued an “overweight” rating and a $490.00 target price on the stock. Finally, Wedbush reissued an “outperform” rating and issued a $500.00 target price on shares of Microsoft in a report on Wednesday, May 22nd. Three investment analysts have rated the stock with a hold rating and thirty-two have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $457.91.

View Our Latest Research Report on Microsoft

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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