Microsoft Co. (NASDAQ:MSFT) is Clear Creek Financial Management LLC’s 10th Largest Position

Clear Creek Financial Management LLC cut its holdings in Microsoft Co. (NASDAQ:MSFT) by 5.0% during the 1st quarter, Holdings Channel reports. The firm owned 26,249 shares of the software giant’s stock after selling 1,386 shares during the period. Microsoft comprises approximately 1.4% of Clear Creek Financial Management LLC’s investment portfolio, making the stock its 10th biggest holding. Clear Creek Financial Management LLC’s holdings in Microsoft were worth $11,038,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Financial Security Advisor Inc. boosted its position in Microsoft by 1.7% during the fourth quarter. Financial Security Advisor Inc. now owns 27,270 shares of the software giant’s stock worth $10,255,000 after acquiring an additional 452 shares during the last quarter. Gunderson Capital Management Inc. boosted its position in Microsoft by 0.7% during the fourth quarter. Gunderson Capital Management Inc. now owns 24,887 shares of the software giant’s stock worth $9,359,000 after acquiring an additional 185 shares during the last quarter. Rappaport Reiches Capital Management LLC boosted its position in Microsoft by 14.9% during the fourth quarter. Rappaport Reiches Capital Management LLC now owns 8,213 shares of the software giant’s stock worth $3,089,000 after acquiring an additional 1,067 shares during the last quarter. Bayesian Capital Management LP boosted its position in Microsoft by 60.1% during the fourth quarter. Bayesian Capital Management LP now owns 48,500 shares of the software giant’s stock worth $18,238,000 after acquiring an additional 18,200 shares during the last quarter. Finally, RNC Capital Management LLC boosted its position in Microsoft by 10.4% during the fourth quarter. RNC Capital Management LLC now owns 69,053 shares of the software giant’s stock worth $25,967,000 after acquiring an additional 6,484 shares during the last quarter. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Microsoft

In other news, EVP Judson Althoff sold 25,000 shares of Microsoft stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $425.68, for a total value of $10,642,000.00. Following the transaction, the executive vice president now directly owns 104,949 shares of the company’s stock, valued at $44,674,690.32. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CMO Takeshi Numoto sold 244 shares of Microsoft stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $415.53, for a total value of $101,389.32. Following the transaction, the chief marketing officer now directly owns 47,011 shares of the company’s stock, valued at $19,534,480.83. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Judson Althoff sold 25,000 shares of the business’s stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $425.68, for a total transaction of $10,642,000.00. Following the transaction, the executive vice president now directly owns 104,949 shares in the company, valued at $44,674,690.32. The disclosure for this sale can be found here. Insiders have sold a total of 25,566 shares of company stock valued at $10,877,535 over the last ninety days. Corporate insiders own 0.03% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. KeyCorp assumed coverage on shares of Microsoft in a report on Thursday, March 21st. They issued an “overweight” rating and a $490.00 price target on the stock. Jefferies Financial Group lifted their price target on shares of Microsoft from $465.00 to $550.00 and gave the company a “buy” rating in a report on Monday, April 1st. Wedbush reiterated an “outperform” rating and issued a $500.00 price target on shares of Microsoft in a report on Wednesday, May 22nd. The Goldman Sachs Group lifted their price target on shares of Microsoft from $450.00 to $515.00 and gave the company a “buy” rating in a report on Friday, April 26th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Microsoft from $440.00 to $470.00 and gave the company an “overweight” rating in a report on Friday, April 26th. Three research analysts have rated the stock with a hold rating and thirty-three have assigned a buy rating to the stock. Based on data from MarketBeat, Microsoft presently has a consensus rating of “Moderate Buy” and an average target price of $467.12.

Microsoft Price Performance

Shares of NASDAQ MSFT traded up $3.96 during midday trading on Friday, reaching $464.73. The company’s stock had a trading volume of 4,768,793 shares, compared to its average volume of 20,646,543. The company has a current ratio of 1.24, a quick ratio of 1.23 and a debt-to-equity ratio of 0.17. The company has a 50 day moving average price of $428.53 and a 200 day moving average price of $412.10. Microsoft Co. has a one year low of $309.45 and a one year high of $467.07. The company has a market cap of $3.45 trillion, a price-to-earnings ratio of 40.20, a price-to-earnings-growth ratio of 2.17 and a beta of 0.89.

Microsoft (NASDAQ:MSFT) last released its earnings results on Thursday, April 25th. The software giant reported $2.94 EPS for the quarter, topping analysts’ consensus estimates of $2.81 by $0.13. Microsoft had a net margin of 36.43% and a return on equity of 37.54%. The business had revenue of $61.86 billion for the quarter, compared to the consensus estimate of $60.86 billion. During the same period in the previous year, the firm earned $2.45 EPS. The business’s revenue for the quarter was up 17.0% on a year-over-year basis. On average, equities research analysts expect that Microsoft Co. will post 11.77 EPS for the current year.

Microsoft Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Investors of record on Thursday, August 15th will be issued a $0.75 dividend. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.65%. Microsoft’s payout ratio is currently 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.