Microsoft Co. (NASDAQ:MSFT) is Greenwood Gearhart Inc.’s 3rd Largest Position

Posted by MarketBeat News on Mar 15th, 2023

Greenwood Gearhart Inc. grew its holdings in Microsoft Co. (NASDAQ:MSFT – Get Rating) by 3.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 120,078 shares of the software giant’s stock after purchasing an additional 3,559 shares during the quarter. Microsoft accounts for about 4.4% of Greenwood Gearhart Inc.’s holdings, making the stock its 3rd biggest holding. Greenwood Gearhart Inc.’s holdings in Microsoft were worth $27,967,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. DGS Capital Management LLC lifted its stake in Microsoft by 19.9% in the first quarter. DGS Capital Management LLC now owns 14,342 shares of the software giant’s stock worth $4,422,000 after acquiring an additional 2,383 shares during the last quarter. IFM Investors Pty Ltd lifted its stake in Microsoft by 20.8% in the first quarter. IFM Investors Pty Ltd now owns 1,138,469 shares of the software giant’s stock worth $351,001,000 after acquiring an additional 196,338 shares during the last quarter. Altus Wealth Group LLC raised its holdings in Microsoft by 1.2% during the first quarter. Altus Wealth Group LLC now owns 12,712 shares of the software giant’s stock worth $3,919,000 after purchasing an additional 152 shares in the last quarter. Powell Investment Advisors LLC boosted its holdings in shares of Microsoft by 16.2% in the 1st quarter. Powell Investment Advisors LLC now owns 2,578 shares of the software giant’s stock valued at $795,000 after buying an additional 359 shares in the last quarter. Finally, Onyx Bridge Wealth Group LLC grew its position in shares of Microsoft by 8.2% in the 1st quarter. Onyx Bridge Wealth Group LLC now owns 6,782 shares of the software giant’s stock valued at $1,921,000 after buying an additional 512 shares during the last quarter. Hedge funds and other institutional investors own 69.15% of the company’s stock.

Insider Activity

In other news, CMO Christopher C. Capossela sold 1,000 shares of the company’s stock in a transaction on Monday, February 13th. The stock was sold at an average price of $272.32, for a total value of $272,320.00. Following the sale, the chief marketing officer now directly owns 116,362 shares in the company, valued at $31,687,699.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CMO Christopher C. Capossela sold 1,000 shares of the company’s stock in a transaction on Monday, February 13th. The stock was sold at an average price of $272.32, for a total value of $272,320.00. Following the sale, the chief marketing officer now directly owns 116,362 shares in the company, valued at $31,687,699.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Satya Nadella sold 4,767 shares of the company’s stock in a transaction on 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 completion of 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. Insiders have sold 6,767 shares of company stock worth $1,728,111 over the last three months. 0.03% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

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MSFT has been the subject of several research analyst reports. Evercore ISI decreased their price objective on shares of Microsoft from $300.00 to $280.00 and set an “outperform” rating for the company in a research note on Thursday, January 19th. Wolfe Research cut their price target on Microsoft from $280.00 to $265.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 25th. Cowen reduced their price objective on Microsoft from $285.00 to $280.00 and set an “outperform” rating for the company in a research note on Thursday, January 19th. DA Davidson boosted their price objective on Microsoft from $280.00 to $325.00 and gave the company a “buy” rating in a research note on Wednesday, February 8th. Finally, The Goldman Sachs Group set a $315.00 price objective on Microsoft in a research note on Wednesday, January 25th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and twenty-seven have given a buy rating to the company’s stock. According to MarketBeat, Microsoft currently has an average rating of “Moderate Buy” and a consensus target price of $285.58.

Microsoft Stock Up 2.7 %

Microsoft stock opened at $260.79 on Wednesday. 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 firm has a market capitalization of $1.94 trillion, a price-to-earnings ratio of 28.98, a price-to-earnings-growth ratio of 2.28 and a beta of 0.92. Microsoft Co. has a fifty-two week low of $213.43 and a fifty-two week high of $315.95. The stock’s fifty day moving average is $249.41 and its two-hundred day moving average is $245.09.

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, beating the consensus estimate of $2.27 by $0.05. The company had revenue of $52.75 billion for the quarter, compared to analyst estimates of $53.17 billion. Microsoft had a return on equity of 39.87% and a net margin of 33.05%. Microsoft’s revenue was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.48 earnings per share. Analysts predict that Microsoft Co. will post 9.34 EPS for the current fiscal year.

Microsoft Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 6th. Shareholders of record on Thursday, May 18th will be issued a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 1.04%. The ex-dividend date of this dividend is Wednesday, May 17th. Microsoft’s dividend payout ratio (DPR) is 30.22%.

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.