CHURCHILL MANAGEMENT Corp Sells 3,285 Shares of Microsoft Co. (NASDAQ:MSFT)

Posted by Defense World Staff on Mar 21st, 2023

CHURCHILL MANAGEMENT Corp lowered its position in shares of Microsoft Co. (NASDAQ:MSFT – Get Rating) by 3.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 107,374 shares of the software giant’s stock after selling 3,285 shares during the period. Microsoft makes up approximately 0.6% of CHURCHILL MANAGEMENT Corp’s portfolio, making the stock its 19th largest position. CHURCHILL MANAGEMENT Corp’s holdings in Microsoft were worth $25,750,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Monumental Financial Group Inc. bought a new stake in shares of Microsoft during the first quarter valued at approximately $28,000. Hanseatic Management Services Inc. boosted its holdings in Microsoft by 71.4% in the third quarter. Hanseatic Management Services Inc. now owns 132 shares of the software giant’s stock worth $31,000 after purchasing an additional 55 shares during the last quarter. Morgan Dempsey Capital Management LLC purchased a new stake in Microsoft in the third quarter worth approximately $82,000. Avondale Wealth Management boosted its holdings in Microsoft by 58.6% in the third quarter. Avondale Wealth Management now owns 406 shares of the software giant’s stock worth $95,000 after purchasing an additional 150 shares during the last quarter. Finally, Beutel Goodman & Co Ltd. boosted its holdings in Microsoft by 57.5% in the third quarter. Beutel Goodman & Co Ltd. now owns 411 shares of the software giant’s stock worth $95,000 after purchasing an additional 150 shares during the last quarter. Institutional investors own 69.15% of the company’s stock.

Insider Transactions at Microsoft

In other news, CEO Satya Nadella sold 4,767 shares of the business’s stock in a transaction dated Tuesday, February 28th. The shares were sold at an average price of $248.88, for a total value of $1,186,410.96. Following the sale, the chief executive officer now directly owns 788,625 shares in the company, valued at approximately $196,272,990. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CMO Christopher C. Capossela sold 1,000 shares of Microsoft stock in a transaction dated Monday, February 13th. The shares were sold at an average price of $272.32, for a total transaction of $272,320.00. Following the completion of the transaction, the chief marketing officer now directly owns 116,362 shares of the company’s stock, valued at approximately $31,687,699.84. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Satya Nadella sold 4,767 shares of Microsoft stock in a transaction dated Tuesday, February 28th. The stock was sold at an average price of $248.88, for a total transaction of $1,186,410.96. Following the transaction, the chief executive officer now directly owns 788,625 shares of the company’s stock, valued at $196,272,990. The disclosure for this sale can be found here. Insiders have sold a total of 6,767 shares of company stock worth $1,728,111 in the last three months. Insiders own 0.03% of the company’s stock.

Microsoft Stock Performance

Shares of NASDAQ MSFT opened at $272.23 on Tuesday. The firm’s fifty day moving average is $253.21 and its two-hundred day moving average is $245.40. Microsoft Co. has a 52-week low of $213.43 and a 52-week high of $315.95. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.89 and a current ratio of 1.93. The company has a market cap of $2.03 trillion, a P/E ratio of 30.25, a P/E/G ratio of 2.57 and a beta of 0.92.

Microsoft (NASDAQ:MSFT – Get Rating) last posted its earnings results on Tuesday, January 24th. The software giant reported $2.32 earnings per share for the quarter, topping analysts’ consensus estimates of $2.27 by $0.05. Microsoft had a net margin of 33.05% and a return on equity of 39.87%. The firm had revenue of $52.75 billion for the quarter, compared to the consensus estimate of $53.17 billion. During the same period in the previous year, the firm posted $2.48 EPS. The business’s quarterly revenue was up 2.0% on a year-over-year basis. As a group, analysts anticipate that Microsoft Co. will post 9.34 EPS for the current fiscal year.

Microsoft Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 6th. Stockholders of record on Thursday, May 18th will be issued a $0.68 dividend. The ex-dividend date is Wednesday, May 17th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.00%. Microsoft’s dividend payout ratio (DPR) is presently 30.22%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Credit Suisse Group set a $285.00 target price on shares of Microsoft in a report on Thursday, March 2nd. Fundamental Research dropped their target price on shares of Microsoft from $269.73 to $259.47 and set a “buy” rating on the stock in a report on Thursday, February 2nd. Wolfe Research dropped their target price on shares of Microsoft from $280.00 to $265.00 and set an “outperform” rating on the stock in a report on Wednesday, January 25th. Royal Bank of Canada restated an “outperform” rating and issued a $285.00 target price on shares of Microsoft in a report on Friday. Finally, Evercore ISI lifted their price target on shares of Microsoft from $280.00 to $295.00 in a research note on Monday. One analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-seven have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $287.30.

Microsoft Company Profile

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Microsoft Corp. engages in the development and support of software, services, devices, and solutions. It operates through the following business segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. The Productivity and Business Processes segment consists of Office Commercial (Office 365 subscriptions, the Office 365 portion of Microsoft 365 Commercial subscriptions, and Office licensed on-premises), Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, and Skype for Business, Office Consumer, including Microsoft 365 Consumer subscriptions, Office licensed on-premises, and other Office services, LinkedIn, including Talent Solutions, Marketing Solutions, Premium Subscriptions, Sales Solutions, and Learning Solutions, Dynamics business solutions, including Dynamics 365, comprising a set of intelligent, cloud-based applications across ERP, CRM, Customer Insights, Power Apps, and Power Automate, and on-premises ERP and CRM applications.