Keb Asset Management LLC Sells 399 Shares of Microsoft Co. (NASDAQ:MSFT)

Posted by MarketBeat News on May 20th, 2023

Keb Asset Management LLC decreased its position in Microsoft Co. (NASDAQ:MSFT – Get Rating) by 15.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,113 shares of the software giant’s stock after selling 399 shares during the period. Keb Asset Management LLC’s holdings in Microsoft were worth $507,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in MSFT. Optas LLC increased its holdings in Microsoft by 2.7% during the 4th quarter. Optas LLC now owns 25,001 shares of the software giant’s stock worth $5,996,000 after purchasing an additional 651 shares in the last quarter. West Branch Capital LLC increased its holdings in Microsoft by 0.5% during the 4th quarter. West Branch Capital LLC now owns 44,418 shares of the software giant’s stock worth $10,652,000 after purchasing an additional 227 shares in the last quarter. ICICI Prudential Asset Management Co Ltd increased its holdings in Microsoft by 199.7% during the 3rd quarter. ICICI Prudential Asset Management Co Ltd now owns 107,705 shares of the software giant’s stock worth $25,356,000 after purchasing an additional 71,769 shares in the last quarter. Seascape Capital Management increased its holdings in Microsoft by 41.9% during the 3rd quarter. Seascape Capital Management now owns 2,908 shares of the software giant’s stock worth $677,000 after purchasing an additional 858 shares in the last quarter. Finally, Value Aligned Research Advisors LLC bought a new position in Microsoft during the 4th quarter worth about $13,999,000. Institutional investors and hedge funds own 69.15% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. JPMorgan Chase & Co. raised their price objective on Microsoft from $305.00 to $315.00 and gave the company an “overweight” rating in a report on Wednesday, April 26th. Guggenheim raised their price objective on Microsoft from $212.00 to $232.00 and gave the company a “sell” rating in a report on Wednesday, April 26th. Credit Suisse Group raised their price objective on Microsoft from $285.00 to $350.00 and gave the company an “outperform” rating in a report on Wednesday, April 26th. Wells Fargo & Company raised their price objective on Microsoft from $320.00 to $345.00 and gave the company an “overweight” rating in a report on Wednesday, April 26th. Finally, Wolfe Research raised their price objective on Microsoft from $330.00 to $350.00 and gave the company an “outperform” rating in a report on Wednesday, April 26th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and thirty-two have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $323.28.

Insider Buying and Selling

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In related news, EVP Judson Althoff sold 30,000 shares of the stock in a transaction dated Monday, May 1st. The shares were sold at an average price of $306.09, for a total value of $9,182,700.00. Following the sale, the executive vice president now directly owns 117,456 shares of the company’s stock, valued at approximately $35,952,107.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CMO Christopher C. Capossela sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, May 5th. The shares were sold at an average price of $310.05, for a total transaction of $1,550,250.00. Following the transaction, the chief marketing officer now directly owns 110,206 shares of the company’s stock, valued at $34,169,370.30. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Judson Althoff sold 30,000 shares of Microsoft stock in a transaction that occurred on Monday, May 1st. The shares were sold at an average price of $306.09, for a total transaction of $9,182,700.00. Following the transaction, the executive vice president now directly owns 117,456 shares in the company, valued at $35,952,107.04. The disclosure for this sale can be found here. Insiders have sold 54,848 shares of company stock valued at $16,635,227 in the last ninety days. 0.03% of the stock is owned by company insiders.

Microsoft Stock Down 0.1 %

MSFT opened at $318.34 on Friday. The firm has a 50-day simple moving average of $290.86 and a two-hundred day simple moving average of $261.15. Microsoft Co. has a 52 week low of $213.43 and a 52 week high of $319.04. The company has a market capitalization of $2.37 trillion, a PE ratio of 34.49, a price-to-earnings-growth ratio of 2.79 and a beta of 0.93. The company has a quick ratio of 1.88, a current ratio of 1.91 and a debt-to-equity ratio of 0.22.

Microsoft (NASDAQ:MSFT – Get Rating) last announced its quarterly earnings results on Tuesday, April 25th. The software giant reported $2.45 EPS for the quarter, beating analysts’ consensus estimates of $2.22 by $0.23. Microsoft had a net margin of 33.25% and a return on equity of 38.98%. The firm had revenue of $52.86 billion during the quarter, compared to the consensus estimate of $51.01 billion. During the same quarter last year, the firm earned $2.22 EPS. The firm’s revenue for the quarter was up 7.1% compared to the same quarter last year. Analysts forecast that Microsoft Co. will post 9.66 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 8th. Investors of record on Thursday, May 18th will be given a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date of this dividend is Wednesday, May 17th. Microsoft’s dividend payout ratio (DPR) is currently 29.47%.

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.