Cahaba Wealth Management Inc. Has $4.89 Million Position in Microsoft Co. (NASDAQ:MSFT)

Cahaba Wealth Management Inc. trimmed its holdings in Microsoft Co. (NASDAQ:MSFT) by 1.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,008 shares of the software giant’s stock after selling 253 shares during the period. Microsoft accounts for approximately 0.5% of Cahaba Wealth Management Inc.’s holdings, making the stock its 25th largest position. Cahaba Wealth Management Inc.’s holdings in Microsoft were worth $4,892,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Gunderson Capital Management Inc. grew its holdings in Microsoft by 0.7% during the fourth quarter. Gunderson Capital Management Inc. now owns 24,887 shares of the software giant’s stock valued at $9,359,000 after purchasing an additional 185 shares during the last quarter. Geneos Wealth Management Inc. lifted its position in Microsoft by 4.1% during the 3rd quarter. Geneos Wealth Management Inc. now owns 82,267 shares of the software giant’s stock worth $25,976,000 after acquiring an additional 3,209 shares during the last quarter. Bailard Inc. grew its position in shares of Microsoft by 1.2% in the third quarter. Bailard Inc. now owns 470,301 shares of the software giant’s stock valued at $148,497,000 after purchasing an additional 5,366 shares during the last quarter. RNC Capital Management LLC lifted its position in shares of Microsoft by 10.4% during the 4th quarter. RNC Capital Management LLC now owns 69,053 shares of the software giant’s stock worth $25,967,000 after purchasing an additional 6,484 shares during the last quarter. Finally, Independence Bank of Kentucky grew its holdings in Microsoft by 7.7% in the 3rd quarter. Independence Bank of Kentucky now owns 17,471 shares of the software giant’s stock valued at $5,516,000 after buying an additional 1,245 shares during the last quarter. Institutional investors own 71.13% of the company’s stock.

Insider Transactions at Microsoft

In related news, insider Bradford L. Smith sold 3,303 shares of the company’s stock in a transaction on Monday, February 5th. The shares were sold at an average price of $406.12, for a total value of $1,341,414.36. Following the completion of the transaction, the insider now directly owns 570,826 shares of the company’s stock, valued at approximately $231,823,855.12. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Microsoft news, insider Bradford L. Smith sold 3,303 shares of the business’s stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $406.12, for a total value of $1,341,414.36. Following the sale, the insider now owns 570,826 shares in the company, valued at approximately $231,823,855.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Bradford L. Smith sold 45,000 shares of the firm’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $411.78, for a total transaction of $18,530,100.00. Following the transaction, the insider now directly owns 574,129 shares of the company’s stock, valued at $236,414,839.62. The disclosure for this sale can be found here. Insiders sold 1,070,258 shares of company stock valued at $30,690,456 over the last quarter. Corporate insiders own 0.03% of the company’s stock.

Microsoft Price Performance

Microsoft stock opened at $400.96 on Tuesday. The firm has a market capitalization of $2.98 trillion, a P/E ratio of 36.25, a PEG ratio of 2.16 and a beta of 0.89. The business has a 50-day moving average of $414.57 and a 200-day moving average of $386.37. The company has a current ratio of 1.22, a quick ratio of 1.20 and a debt-to-equity ratio of 0.19. Microsoft Co. has a 1 year low of $275.37 and a 1 year high of $430.82.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings results on Tuesday, January 30th. The software giant reported $2.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.76 by $0.17. Microsoft had a net margin of 36.27% and a return on equity of 38.40%. The company had revenue of $62.02 billion during the quarter, compared to analyst estimates of $61.14 billion. During the same quarter in the previous year, the business earned $2.32 EPS. The firm’s revenue was up 17.6% on a year-over-year basis. On average, equities analysts anticipate that Microsoft Co. will post 11.61 EPS for the current year.

Microsoft Announces Dividend

The business 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 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date is Wednesday, May 15th. Microsoft’s payout ratio is currently 27.12%.

Analysts Set New Price Targets

MSFT has been the subject of several research reports. StockNews.com cut Microsoft from a “buy” rating to a “hold” rating in a research report on Thursday, February 22nd. BMO Capital Markets boosted their price objective on shares of Microsoft from $455.00 to $465.00 and gave the stock an “outperform” rating in a report on Friday, April 12th. Royal Bank of Canada increased their target price on shares of Microsoft from $415.00 to $450.00 and gave the company an “outperform” rating in a research note on Wednesday, January 31st. Macquarie raised their price objective on Microsoft from $430.00 to $450.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 31st. Finally, Truist Financial restated a “buy” rating and issued a $600.00 target price on shares of Microsoft in a research note on Monday, March 25th. Four equities research analysts have rated the stock with a hold rating and thirty-five have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $434.05.

About Microsoft

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.