Cavalier Investments LLC Buys 690 Shares of Microsoft Co. (NASDAQ:MSFT)

Cavalier Investments LLC increased its position in shares of Microsoft Co. (NASDAQ:MSFT) by 6.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,859 shares of the software giant’s stock after acquiring an additional 690 shares during the quarter. Microsoft comprises approximately 1.6% of Cavalier Investments LLC’s investment portfolio, making the stock its 17th biggest holding. Cavalier Investments LLC’s holdings in Microsoft were worth $5,103,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Net Worth Advisory Group acquired a new stake in Microsoft during the 3rd quarter worth approximately $2,645,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in shares of Microsoft by 1.6% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,975,200 shares of the software giant’s stock worth $882,816,000 after acquiring an additional 31,401 shares during the period. Jacobs & Co. CA lifted its position in Microsoft by 0.9% in the 3rd quarter. Jacobs & Co. CA now owns 96,021 shares of the software giant’s stock valued at $41,318,000 after acquiring an additional 880 shares in the last quarter. Evernest Financial Advisors LLC boosted its stake in Microsoft by 389.2% in the 3rd quarter. Evernest Financial Advisors LLC now owns 53,770 shares of the software giant’s stock worth $23,137,000 after purchasing an additional 42,778 shares during the period. Finally, New Harbor Financial Group LLC increased its holdings in Microsoft by 55.9% during the 2nd quarter. New Harbor Financial Group LLC now owns 1,255 shares of the software giant’s stock worth $561,000 after purchasing an additional 450 shares in the last quarter. Institutional investors own 71.13% of the company’s stock.

Microsoft Price Performance

Microsoft stock opened at $439.33 on Thursday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.29 and a current ratio of 1.30. Microsoft Co. has a one year low of $366.50 and a one year high of $468.35. The company has a market cap of $3.27 trillion, a P/E ratio of 36.25, a price-to-earnings-growth ratio of 2.37 and a beta of 0.90. The business has a fifty day moving average of $427.76 and a two-hundred day moving average of $428.69.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings data on Wednesday, October 30th. The software giant reported $3.30 earnings per share for the quarter, topping analysts’ consensus estimates of $3.10 by $0.20. The business had revenue of $65.59 billion during the quarter, compared to analysts’ expectations of $64.57 billion. Microsoft had a net margin of 35.61% and a return on equity of 34.56%. The company’s revenue was up 16.0% on a year-over-year basis. During the same period last year, the company posted $2.99 EPS. As a group, analysts predict that Microsoft Co. will post 12.93 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 20th will be issued a $0.83 dividend. The ex-dividend date of this dividend is Thursday, February 20th. This represents a $3.32 annualized dividend and a yield of 0.76%. Microsoft’s dividend payout ratio is currently 27.39%.

Microsoft declared that its Board of Directors has approved a share repurchase plan on Monday, September 16th that allows the company to buyback $60.00 billion in outstanding shares. This buyback authorization allows the software giant to purchase up to 1.9% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its shares are undervalued.

Wall Street Analyst Weigh In

MSFT has been the subject of several research reports. Oppenheimer downgraded shares of Microsoft from an “outperform” rating to a “market perform” rating in a report on Tuesday, October 8th. StockNews.com cut shares of Microsoft from a “buy” rating to a “hold” rating in a research report on Friday, December 20th. Sanford C. Bernstein decreased their price objective on Microsoft from $501.00 to $500.00 and set an “outperform” rating for the company in a report on Friday, October 25th. The Goldman Sachs Group dropped their target price on Microsoft from $515.00 to $500.00 and set a “buy” rating on the stock in a report on Thursday, October 10th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $500.00 price target on shares of Microsoft in a research report on Tuesday, November 5th. Three analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $509.90.

Insiders Place Their Bets

In other news, EVP Judson Althoff sold 25,000 shares of the company’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $417.00, for a total value of $10,425,000.00. Following the sale, the executive vice president now owns 117,294 shares in the company, valued at approximately $48,911,598. This represents a 17.57 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CMO Takeshi Numoto sold 1,000 shares of the firm’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $414.72, for a total value of $414,720.00. Following the transaction, the chief marketing officer now owns 57,511 shares in the company, valued at $23,850,961.92. This trade represents a 1.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 41,200 shares of company stock worth $17,383,892 over the last quarter. 0.03% of the stock is owned by corporate insiders.

Microsoft Profile

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.