Microsoft Co. (NASDAQ:MSFT) Shares Purchased by Insight Wealth Strategies LLC

Posted by MarketBeat News on Mar 19th, 2023

Insight Wealth Strategies LLC boosted its stake in Microsoft Co. (NASDAQ:MSFT – Get Rating) by 1.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 43,022 shares of the software giant’s stock after buying an additional 768 shares during the period. Microsoft accounts for approximately 2.0% of Insight Wealth Strategies LLC’s investment portfolio, making the stock its 17th largest holding. Insight Wealth Strategies LLC’s holdings in Microsoft were worth $10,317,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Monumental Financial Group Inc. acquired a new position in shares of Microsoft during the first quarter valued at $28,000. Hanseatic Management Services Inc. increased its holdings in shares of Microsoft by 71.4% during the third quarter. Hanseatic Management Services Inc. now owns 132 shares of the software giant’s stock valued at $31,000 after purchasing an additional 55 shares during the period. Morgan Dempsey Capital Management LLC acquired a new position in shares of Microsoft during the third quarter valued at $82,000. Avondale Wealth Management increased its holdings in shares of Microsoft by 58.6% during the third quarter. Avondale Wealth Management now owns 406 shares of the software giant’s stock valued at $95,000 after purchasing an additional 150 shares during the period. Finally, Beutel Goodman & Co Ltd. increased its holdings in shares of Microsoft by 57.5% during the third quarter. Beutel Goodman & Co Ltd. now owns 411 shares of the software giant’s stock valued at $95,000 after purchasing an additional 150 shares during the period. 69.15% of the stock is owned by institutional investors and hedge funds.

Microsoft Stock Up 1.2 %

MSFT opened at $279.43 on Friday. Microsoft Co. has a fifty-two week low of $213.43 and a fifty-two week high of $315.95. The business has a 50-day moving average of $252.31 and a 200-day moving average of $245.43. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.93 and a quick ratio of 1.89. The company has a market capitalization of $2.08 trillion, a PE ratio of 31.05, a price-to-earnings-growth ratio of 2.44 and a beta of 0.92.

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Microsoft (NASDAQ:MSFT – Get Rating) last posted its quarterly earnings results on Tuesday, January 24th. The software giant reported $2.32 earnings per share for the quarter, topping analysts’ consensus estimates of $2.27 by $0.05. Microsoft had a return on equity of 39.87% and a net margin of 33.05%. The company had revenue of $52.75 billion during the quarter, compared to the consensus estimate of $53.17 billion. During the same period last year, the business earned $2.48 EPS. The business’s quarterly revenue was up 2.0% on a year-over-year basis. Equities research analysts forecast that Microsoft Co. will post 9.34 EPS for the current fiscal year.

Microsoft Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 8th. Stockholders of record on Thursday, May 18th will be paid a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date is Wednesday, May 17th. Microsoft’s dividend payout ratio (DPR) is presently 30.22%.

Insider Transactions at Microsoft

In related news, CEO Satya Nadella sold 4,767 shares of the firm’s stock in a transaction that occurred on Tuesday, February 28th. The stock was sold at an average price of $248.88, for a total value of $1,186,410.96. Following the transaction, the chief executive officer now directly owns 788,625 shares of the company’s stock, valued at approximately $196,272,990. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CMO Christopher C. Capossela sold 1,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief marketing officer now directly owns 116,362 shares of the company’s stock, valued at approximately $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 firm’s stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 788,625 shares in the company, valued at $196,272,990. The disclosure for this sale can be found here. Insiders sold 6,767 shares of company stock valued at $1,728,111 in the last three months. Corporate insiders own 0.03% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Fundamental Research lowered their price target on Microsoft from $269.73 to $259.47 and set a “buy” rating on the stock in a report on Thursday, February 2nd. Jefferies Financial Group set a $310.00 price target on Microsoft in a report on Monday, February 27th. Stifel Nicolaus decreased their target price on Microsoft from $290.00 to $275.00 and set a “buy” rating for the company in a research note on Wednesday, January 25th. Piper Sandler raised their target price on Microsoft from $247.00 to $290.00 and gave the company an “overweight” rating in a research note on Wednesday, February 8th. Finally, UBS Group set a $250.00 target price on Microsoft in a research note on Tuesday, March 14th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and twenty-seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Microsoft presently has a consensus rating of “Moderate Buy” and an average price target of $286.05.

Microsoft Company Profile

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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.