CBIZ Investment Advisory Services LLC Grows Position in Microsoft Co. (NASDAQ:MSFT)

Posted by on May 10th, 2023

CBIZ Investment Advisory Services LLC boosted its stake in Microsoft Co. (NASDAQ:MSFT – Get Rating) by 38.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,818 shares of the software giant’s stock after purchasing an additional 1,326 shares during the period. Microsoft comprises 0.4% of CBIZ Investment Advisory Services LLC’s investment portfolio, making the stock its 21st largest position. CBIZ Investment Advisory Services LLC’s holdings in Microsoft were worth $1,155,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the business. Iron Horse Wealth Management LLC bought a new stake in shares of Microsoft during the 4th quarter worth approximately $26,000. Monumental Financial Group Inc. acquired a new position in shares of Microsoft in the 1st quarter valued at about $28,000. Hanseatic Management Services Inc. raised its holdings in Microsoft by 71.4% in the 3rd 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 period. Retirement Financial Solutions LLC purchased a new stake in Microsoft during the 4th quarter worth approximately $40,000. Finally, Macroview Investment Management LLC purchased a new stake in shares of Microsoft in the fourth quarter valued at approximately $61,000. 69.15% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Microsoft

In other news, CMO Christopher C. Capossela sold 1,000 shares of the stock in a transaction dated Thursday, February 9th. The shares were sold at an average price of $269.38, for a total transaction of $269,380.00. Following the sale, the chief marketing officer now directly owns 117,362 shares of the company’s stock, valued at approximately $31,614,975.56. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other Microsoft news, CMO Christopher C. Capossela sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 9th. The shares were sold at an average price of $269.38, for a total value of $269,380.00. Following the completion of the transaction, the chief marketing officer now owns 117,362 shares of the company’s stock, valued at approximately $31,614,975.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Satya Nadella sold 4,767 shares of Microsoft stock in a transaction on 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 sale, the chief executive officer now owns 788,625 shares in the company, valued at $196,272,990. The disclosure for this sale can be found here. Over the last three months, insiders have sold 41,767 shares of company stock valued at $12,461,061. Corporate insiders own 0.03% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on MSFT shares. Cowen reduced their price objective on Microsoft from $285.00 to $280.00 and set an “outperform” rating on the stock in a research note on Thursday, January 19th. Citigroup boosted their price objective on shares of Microsoft from $332.00 to $340.00 in a research note on Wednesday, April 26th. Wedbush increased their price target on shares of Microsoft from $315.00 to $325.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 26th. Wells Fargo & Company raised their price objective on shares of Microsoft from $320.00 to $345.00 and gave the company an “overweight” rating in a research note on Wednesday, April 26th. Finally, Fundamental Research lowered shares of Microsoft from a “buy” rating to a “hold” rating in a research note on Tuesday, May 2nd. One analyst has rated the stock with a sell rating, four have given a hold rating and thirty-two have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $322.88.

Microsoft Stock Down 0.5 %

Shares of NASDAQ:MSFT opened at $307.00 on Wednesday. The business’s 50 day simple moving average is $281.16 and its two-hundred day simple moving average is $257.23. The firm has a market cap of $2.28 trillion, a P/E ratio of 33.26, a PEG ratio of 2.77 and a beta of 0.93. Microsoft Co. has a 52-week low of $213.43 and a 52-week high of $311.97. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.88 and a current ratio of 1.91.

Microsoft (NASDAQ:MSFT – Get Rating) last released its quarterly earnings data on Tuesday, April 25th. The software giant reported $2.45 earnings per share for the quarter, topping the consensus estimate of $2.22 by $0.23. Microsoft had a return on equity of 38.98% and a net margin of 33.25%. The business had revenue of $52.86 billion during the quarter, compared to analysts’ expectations of $51.01 billion. During the same quarter last year, the business posted $2.22 EPS. The business’s revenue was up 7.1% on a year-over-year basis. As a group, research analysts forecast that Microsoft Co. will post 9.61 EPS for the current fiscal year.

Microsoft Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 6th. Investors of record on Thursday, May 18th will be issued a $0.68 dividend. The ex-dividend date of this dividend is Wednesday, May 17th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 0.89%. Microsoft’s payout ratio is 29.47%.

About Microsoft

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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.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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