Cim Investment Management Inc. lifted its position in shares of Microsoft Corporation (NASDAQ:MSFT – Free Report) by 101.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exmodify Commission (SEC). The firm owned 47,686 shares of the software giant’s stock after purchaseing an additional 24,059 shares during the period. Microsoft comprises about 4.2% of Cim Investment Management Inc.’s investment portfolio, building the stock its 3rd largest holding. Cim Investment Management Inc.’s holdings in Microsoft were worth $21,887,000 at the finish of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Longfellow Investment Management Co. LLC boosted its stake in shares of Microsoft by 51.3% during the 2nd quarter. Longfellow Investment Management Co. LLC now owns 59 shares of the software giant’s stock worth $29,000 after purchaseing an additional 20 shares during the last quarter. Bulwark Capital Corp bought a new stake in Microsoft during the second quarter worth about $32,000. Westfinish Capital Management LLC boosted its position in Microsoft by 386.7% during the second quarter. Westfinish Capital Management LLC now owns 73 shares of the software giant’s stock valued at $36,000 after purchasing an additional 58 shares during the last quarter. University of Illinois Foundation acquired a new position in Microsoft during the second quarter valued at approximately $50,000. Finally, LSV Asset Management bought a new position in Microsoft in the fourth quarter valued at approximately $44,000. Institutional investors and hedge funds own 71.13% of the company’s stock.
Insiders Place Their Bets
In related news, EVP Takeshi Numoto sold 2,850 shares of the company’s stock in a transaction dated Thursday, December 4th. The shares were sold at an average price of $478.72, for a total value of $1,364,352.00. Following the transaction, the executive vice president directly owned 55,782 shares in the company, valued at approximately $26,703,959.04. This represents a 4.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Judson Althoff sold 12,750 shares of Microsoft stock in a transaction dated Tuesday, December 2nd. The stock was sold at an average price of $491.52, for a total transaction of $6,266,880.00. Following the completion of the sale, the chief executive officer owned 129,349 shares of the company’s stock, valued at $63,577,620.48. This trade represents a 8.97% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 54,100 shares of company stock worth $27,598,872 in the last 90 days. Company insiders own 0.03% of the company’s stock.
Wall Street Analyst Weigh In
MSFT has been the topic of a number of analyst reports. Truist Financial upped their price objective on Microsoft from $650.00 to $675.00 and gave the stock a “purchase” rating in a research note on Monday, August 18th. BNP Paribas Exane upped their price tarreceive on shares of Microsoft from $630.00 to $632.00 and gave the stock an “outperform” rating in a research report on Monday, November 3rd. Stifel Nicolaus set a $640.00 price tarreceive on shares of Microsoft in a research note on Thursday, October 30th. Rothschild & Co Redburn restated a “neutral” rating and set a $500.00 price objective (down from $560.00) on shares of Microsoft in a research note on Tuesday, November 18th. Finally, Wall Street Zen raised shares of Microsoft from a “hold” rating to a “purchase” rating in a report on Saturday, December 6th. Two research analysts have rated the stock with a Strong Buy rating, thirty-seven have issued a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus tarreceive price of $631.03.
Get Our Latest Analysis on Microsoft
Microsoft Stock Down 0.8%
Microsoft stock opened at $474.82 on Tuesday. The company’s 50-day shifting average price is $502.98 and its two-hundred day shifting average price is $502.77. The company has a quick ratio of 1.39, a current ratio of 1.40 and a debt-to-equity ratio of 0.10. The stock has a market cap of $3.53 trillion, a P/E ratio of 33.77, a P/E/G ratio of 1.79 and a beta of 1.07. Microsoft Corporation has a twelve month low of $344.79 and a twelve month high of $555.45.
Microsoft (NASDAQ:MSFT – Get Free Report) last issued its quarterly earnings data on Wednesday, October 29th. The software giant reported $4.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.65 by $0.48. Microsoft had a return on equity of 32.45% and a net margin of 35.71%.The company had revenue of $77.67 billion during the quarter, compared to analysts’ expectations of $75.49 billion. During the same quarter in the previous year, the company posted $3.30 earnings per share. The business’s revenue was up 18.4% on a year-over-year basis. As a group, analysts expect that Microsoft Corporation will post 13.08 EPS for the current year.
Microsoft Dividfinish Announcement
The company also recently disclosed a quarterly dividfinish, which will be paid on Thursday, March 12th. Shareholders of record on Thursday, February 19th will be issued a $0.91 dividfinish. This represents a $3.64 dividfinish on an annualized basis and a yield of 0.8%. The ex-dividfinish date of this dividfinish is Thursday, February 19th. Microsoft’s dividfinish payout ratio is currently 25.89%.
About Microsoft
Microsoft Corporation develops and supports software, services, devices and solutions worldwide. The Productivity and Business Processes segment offers office, exmodify, 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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