Brinker Capital Investments LLC Trims Stake in Microsoft Co. (NASDAQ:MSFT)

Posted by MarketBeat News on May 22nd, 2023

Brinker Capital Investments LLC lowered its position in Microsoft Co. (NASDAQ:MSFT – Get Rating) by 2.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 307,770 shares of the software giant’s stock after selling 7,394 shares during the quarter. Microsoft makes up approximately 1.5% of Brinker Capital Investments LLC’s portfolio, making the stock its 4th biggest position. Brinker Capital Investments LLC’s holdings in Microsoft were worth $73,809,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of MSFT. Optas LLC raised its position in Microsoft by 2.7% in 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 during the period. West Branch Capital LLC grew its stake in shares of Microsoft by 0.5% during the fourth quarter. West Branch Capital LLC now owns 44,418 shares of the software giant’s stock valued at $10,652,000 after buying an additional 227 shares during the last quarter. ICICI Prudential Asset Management Co Ltd increased its holdings in shares of Microsoft by 199.7% in the third quarter. ICICI Prudential Asset Management Co Ltd now owns 107,705 shares of the software giant’s stock worth $25,356,000 after buying an additional 71,769 shares during the period. Seascape Capital Management lifted its stake in shares of Microsoft by 41.9% in the 3rd quarter. Seascape Capital Management now owns 2,908 shares of the software giant’s stock valued at $677,000 after acquiring an additional 858 shares during the last quarter. Finally, Value Aligned Research Advisors LLC purchased a new stake in Microsoft during the 4th quarter valued at about $13,999,000. 69.15% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CMO Christopher C. Capossela sold 5,000 shares of the business’s stock in a transaction on Friday, May 5th. The shares were sold at an average price of $310.05, for a total value of $1,550,250.00. Following the transaction, the chief marketing officer now owns 110,206 shares of the company’s stock, valued at $34,169,370.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, CMO Christopher C. Capossela sold 5,000 shares of the business’s stock in a transaction dated Friday, May 5th. The stock was sold at an average price of $310.05, for a total value of $1,550,250.00. Following the sale, the chief marketing officer now directly owns 110,206 shares in the company, valued at $34,169,370.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CMO Christopher C. Capossela sold 5,081 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief marketing officer now owns 94,328 shares of the company’s stock, valued at approximately $29,481,273.12. The disclosure for this sale can be found here. Insiders sold a total of 54,848 shares of company stock worth $16,635,227 over the last quarter. 0.03% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

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Several analysts have weighed in on MSFT shares. Wedbush boosted their price objective on Microsoft from $325.00 to $340.00 in a research report on Thursday, May 11th. DA Davidson increased their price target on shares of Microsoft from $325.00 to $350.00 and gave the company a “buy” rating in a research report on Wednesday, April 26th. Jefferies Financial Group boosted their price objective on shares of Microsoft from $325.00 to $350.00 and gave the company a “buy” rating in a research report on Wednesday, April 26th. Moffett Nathanson upped their price target on Microsoft from $263.00 to $306.00 and gave the company a “market perform” rating in a research report on Wednesday, April 26th. Finally, Wells Fargo & Company boosted their target price on Microsoft from $320.00 to $345.00 and gave the company an “overweight” rating in a research note on Wednesday, April 26th. One research analyst has rated the stock with a sell rating, four have given a hold rating and thirty-two have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $323.28.

Microsoft Price Performance

Shares of MSFT opened at $318.34 on Monday. The firm has a fifty day simple moving average of $290.86 and a two-hundred day simple moving average of $261.67. The firm has a market cap of $2.37 trillion, a PE ratio of 34.49, a P/E/G ratio of 2.83 and a beta of 0.93. The company has a current ratio of 1.91, a quick ratio of 1.88 and a debt-to-equity ratio of 0.22. Microsoft Co. has a 1-year low of $213.43 and a 1-year high of $319.04.

Microsoft (NASDAQ:MSFT – Get Rating) last released its quarterly earnings results on Tuesday, April 25th. The software giant reported $2.45 EPS for the quarter, beating the consensus estimate of $2.22 by $0.23. The firm had revenue of $52.86 billion during the quarter, compared to analyst estimates of $51.01 billion. Microsoft had a net margin of 33.25% and a return on equity of 38.98%. The business’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.22 EPS. On average, equities analysts anticipate 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 dividend of $0.68 per share. This represents a $2.72 annualized dividend and a yield of 0.85%. The ex-dividend date is Wednesday, May 17th. Microsoft’s dividend payout ratio is presently 29.47%.

Microsoft 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.