Goldstein Advisors LLC Makes New Investment in Microsoft Co. (NASDAQ:MSFT)

Posted by MarketBeat News on May 18th, 2023

Goldstein Advisors LLC acquired a new position in shares of Microsoft Co. (NASDAQ:MSFT – Get Rating) in the fourth quarter, Holdings Channel reports. The fund acquired 11,183 shares of the software giant’s stock, valued at approximately $2,682,000. Microsoft comprises 0.6% of Goldstein Advisors LLC’s investment portfolio, making the stock its 29th largest position.

Other large investors have also modified their holdings of the company. Rovin Capital UT ADV grew its stake in Microsoft by 1.1% in the 3rd quarter. Rovin Capital UT ADV now owns 3,747 shares of the software giant’s stock valued at $873,000 after buying an additional 40 shares during the last quarter. Lokken Investment Group LLC grew its stake in Microsoft by 0.3% in the 2nd quarter. Lokken Investment Group LLC now owns 11,976 shares of the software giant’s stock valued at $3,076,000 after buying an additional 41 shares during the last quarter. Denver Wealth Management Inc. grew its stake in Microsoft by 3.1% in the 4th quarter. Denver Wealth Management Inc. now owns 1,348 shares of the software giant’s stock valued at $323,000 after buying an additional 41 shares during the last quarter. Daniels&Tansey LLP grew its stake in Microsoft by 2.8% in the 4th quarter. Daniels&Tansey LLP now owns 1,488 shares of the software giant’s stock valued at $357,000 after buying an additional 41 shares during the last quarter. Finally, Wellspring Financial Advisors LLC grew its stake in Microsoft by 0.5% in the 1st quarter. Wellspring Financial Advisors LLC now owns 8,536 shares of the software giant’s stock valued at $2,632,000 after buying an additional 42 shares during the last quarter. 69.15% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently commented on MSFT shares. Jefferies Financial Group upped their price target on shares of Microsoft from $325.00 to $350.00 and gave the company a “buy” rating in a research note on Wednesday, April 26th. BNP Paribas lowered shares of Microsoft from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $310.00 to $300.00 in a research report on Monday, April 24th. Raymond James increased their target price on shares of Microsoft from $310.00 to $320.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 26th. Wolfe Research increased their target price on shares of Microsoft from $330.00 to $350.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 26th. Finally, Royal Bank of Canada increased their target price on shares of Microsoft from $285.00 to $350.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 26th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and thirty-two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $323.28.

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In other Microsoft news, CEO Satya Nadella sold 4,767 shares of the firm’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 directly owns 788,625 shares in the company, valued at $196,272,990. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Microsoft news, CMO Christopher C. Capossela sold 5,081 shares of the firm’s stock in a transaction on Tuesday, May 16th. The shares were sold at an average price of $312.54, for a total value of $1,588,015.74. Following the completion of the sale, the chief marketing officer now directly owns 94,328 shares in the company, valued at $29,481,273.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Satya Nadella sold 4,767 shares of the firm’s stock in a transaction on Tuesday, February 28th. The stock was sold at an average price of $248.88, for a total transaction of $1,186,410.96. Following the completion of the sale, the chief executive officer now owns 788,625 shares of the company’s stock, valued at $196,272,990. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 49,848 shares of company stock worth $15,050,877. 0.03% of the stock is currently owned by company insiders.

Microsoft Trading Up 0.9 %

MSFT opened at $314.00 on Thursday. Microsoft Co. has a twelve month low of $213.43 and a twelve month high of $314.43. The company has a quick ratio of 1.88, a current ratio of 1.91 and a debt-to-equity ratio of 0.22. The company has a fifty day moving average of $288.14 and a 200-day moving average of $260.15. The stock has a market cap of $2.33 trillion, a PE ratio of 34.02, a price-to-earnings-growth ratio of 2.74 and a beta of 0.93.

Microsoft (NASDAQ:MSFT – Get Rating) last posted its quarterly earnings data on Tuesday, April 25th. The software giant reported $2.45 earnings per share for the quarter, topping the consensus estimate of $2.22 by $0.23. Microsoft had a net margin of 33.25% and a return on equity of 38.98%. The company had revenue of $52.86 billion during the quarter, compared to analysts’ expectations of $51.01 billion. During the same period in the prior year, the company posted $2.22 earnings per share. Microsoft’s revenue for the quarter was up 7.1% compared to the same quarter last year. On average, sell-side analysts predict that Microsoft Co. will post 9.66 EPS for the current year.

Microsoft Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 8th. Shareholders of record on Thursday, May 18th will be issued a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date is Wednesday, May 17th. Microsoft’s payout ratio is 29.47%.

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.