CKW Financial Group Sells 98 Shares of Microsoft Co. (NASDAQ:MSFT)

CKW Financial Group decreased its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 0.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,442 shares of the software giant’s stock after selling 98 shares during the quarter. Microsoft accounts for approximately 0.6% of CKW Financial Group’s portfolio, making the stock its 11th largest position. CKW Financial Group’s holdings in Microsoft were worth $4,433,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Friedenthal Financial purchased a new position in shares of Microsoft during the fourth quarter worth about $45,000. Richardson Capital Management LLC boosted its stake in Microsoft by 1,290.0% in the first quarter. Richardson Capital Management LLC now owns 139 shares of the software giant’s stock worth $59,000 after buying an additional 129 shares in the last quarter. Neo Ivy Capital Management purchased a new stake in Microsoft in the fourth quarter worth approximately $58,000. PayPay Securities Corp boosted its stake in Microsoft by 23.7% in the fourth quarter. PayPay Securities Corp now owns 188 shares of the software giant’s stock worth $71,000 after buying an additional 36 shares in the last quarter. Finally, Iron Horse Wealth Management LLC boosted its stake in Microsoft by 89.0% in the third quarter. Iron Horse Wealth Management LLC now owns 223 shares of the software giant’s stock worth $70,000 after buying an additional 105 shares in the last quarter. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Insider Transactions at Microsoft

In other news, EVP Kathleen T. Hogan sold 21,955 shares of Microsoft stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $403.96, for a total value of $8,868,941.80. Following the completion of the transaction, the executive vice president now owns 159,764 shares of the company’s stock, valued at approximately $64,538,265.44. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, insider Bradford L. Smith sold 3,303 shares of Microsoft stock in a transaction dated 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 completion of the sale, the insider now directly owns 570,826 shares in the company, valued at approximately $231,823,855.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Kathleen T. Hogan sold 21,955 shares of Microsoft stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $403.96, for a total value of $8,868,941.80. Following the completion of the sale, the executive vice president now owns 159,764 shares of the company’s stock, valued at $64,538,265.44. The disclosure for this sale can be found here. Insiders sold a total of 1,070,258 shares of company stock valued at $30,690,456 in the last quarter. 0.03% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts have issued reports on the company. Raymond James reaffirmed an “outperform” rating and issued a $480.00 target price (up previously from $450.00) on shares of Microsoft in a research note on Friday. KeyCorp assumed coverage on Microsoft in a research note on Thursday, March 21st. They issued an “overweight” rating and a $490.00 target price for the company. UBS Group reaffirmed a “buy” rating and issued a $480.00 target price on shares of Microsoft in a research note on Wednesday, April 10th. Truist Financial reaffirmed a “buy” rating and issued a $600.00 target price on shares of Microsoft in a research note on Monday, March 25th. Finally, Wedbush reissued an “outperform” rating and set a $500.00 price objective on shares of Microsoft in a research note on Friday. Three research analysts have rated the stock with a hold rating and thirty-two have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $452.61.

Microsoft Stock Up 1.8 %

Microsoft stock traded up $7.28 on Friday, hitting $406.32. 29,640,094 shares of the stock traded hands, compared to its average volume of 18,152,042. The company has a current ratio of 1.22, a quick ratio of 1.20 and a debt-to-equity ratio of 0.19. The firm has a market cap of $3.02 trillion, a P/E ratio of 35.18, a price-to-earnings-growth ratio of 2.20 and a beta of 0.89. The business’s fifty day simple moving average is $414.48 and its 200 day simple moving average is $388.51. Microsoft Co. has a 1 year low of $295.25 and a 1 year high of $430.82.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Thursday, April 25th. The software giant reported $2.94 EPS for the quarter, beating the consensus estimate of $2.81 by $0.13. The business had revenue of $61.86 billion during the quarter, compared to analyst estimates of $60.86 billion. Microsoft had a return on equity of 38.87% and a net margin of 36.43%. The company’s revenue for the quarter was up 17.0% on a year-over-year basis. During the same quarter last year, the firm posted $2.45 earnings per share. As a group, sell-side analysts forecast that Microsoft Co. will post 11.71 earnings per share for the current year.

Microsoft Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 13th. Stockholders of record on Thursday, May 16th will be given a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 0.74%. The ex-dividend date of this dividend is Wednesday, May 15th. Microsoft’s dividend payout ratio is presently 25.97%.

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.