Microsoft Co. (NASDAQ:MSFT) is Robbins Farley’s 10th Largest Position

Posted by MarketBeat News on May 24th, 2023

Robbins Farley reduced its position in Microsoft Co. (NASDAQ:MSFT – Get Rating) by 10.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 13,537 shares of the software giant’s stock after selling 1,512 shares during the quarter. Microsoft comprises 2.5% of Robbins Farley’s investment portfolio, making the stock its 10th largest holding. Robbins Farley’s holdings in Microsoft were worth $3,246,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Cable Hill Partners LLC lifted its stake in Microsoft by 3.8% during the 4th quarter. Cable Hill Partners LLC now owns 21,747 shares of the software giant’s stock valued at $5,215,000 after acquiring an additional 805 shares during the period. Marks Group Wealth Management Inc increased its holdings in shares of Microsoft by 183.6% during the 4th quarter. Marks Group Wealth Management Inc now owns 22,397 shares of the software giant’s stock valued at $5,371,000 after purchasing an additional 14,500 shares in the last quarter. Vertex Planning Partners LLC purchased a new position in shares of Microsoft during the 4th quarter valued at approximately $1,490,000. Avidian Wealth Solutions LLC increased its holdings in Microsoft by 1.5% in the 4th quarter. Avidian Wealth Solutions LLC now owns 55,132 shares of the software giant’s stock worth $13,222,000 after acquiring an additional 800 shares in the last quarter. Finally, Phoenix Wealth Advisors increased its holdings in Microsoft by 3.9% in the 4th quarter. Phoenix Wealth Advisors now owns 17,994 shares of the software giant’s stock worth $4,315,000 after acquiring an additional 675 shares in the last quarter. 69.15% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on MSFT shares. Oppenheimer lifted their target price on shares of Microsoft from $310.00 to $330.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 26th. The Goldman Sachs Group lifted their target price on shares of Microsoft from $325.00 to $335.00 and gave the stock a “buy” rating in a research note on Wednesday, April 26th. Wolfe Research boosted their price target on shares of Microsoft from $330.00 to $350.00 and gave the company an “outperform” rating in a research report on Wednesday, April 26th. Mizuho upped their target price on shares of Microsoft from $315.00 to $325.00 and gave the company a “buy” rating in a research report on Wednesday, April 26th. Finally, Barclays boosted their price target on shares of Microsoft from $310.00 to $336.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 26th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and thirty-two have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $323.28.

Insider Buying and Selling at Microsoft

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In other news, CMO Christopher C. Capossela sold 5,000 shares of the business’s stock in a transaction dated Thursday, May 18th. The stock was sold at an average price of $316.87, for a total value of $1,584,350.00. Following the sale, the chief marketing officer now directly owns 89,328 shares in the company, valued at $28,305,363.36. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, CMO Christopher C. Capossela sold 5,000 shares of the company’s stock in a transaction dated Thursday, May 18th. The stock was sold at an average price of $316.87, for a total transaction of $1,584,350.00. Following the sale, the chief marketing officer now owns 89,328 shares in the company, valued at $28,305,363.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CMO Christopher C. Capossela sold 5,081 shares of the company’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 completion of the sale, the chief marketing officer now owns 94,328 shares in the company, valued at approximately $29,481,273.12. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 54,848 shares of company stock valued at $16,635,227. Company insiders own 0.03% of the company’s stock.

Microsoft Stock Down 1.8 %

NASDAQ:MSFT opened at $315.26 on Wednesday. The business’s fifty day moving average price is $293.30 and its 200 day moving average price is $263.09. Microsoft Co. has a 1-year low of $213.43 and a 1-year high of $322.72. The firm has a market capitalization of $2.34 trillion, a price-to-earnings ratio of 34.16, a PEG 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 (NASDAQ:MSFT – Get Rating) last posted 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. Microsoft had a return on equity of 38.98% and a net margin of 33.25%. The firm had revenue of $52.86 billion during the quarter, compared to analysts’ expectations of $51.01 billion. During the same quarter in the prior year, the firm posted $2.22 EPS. The company’s revenue for the quarter was up 7.1% on a year-over-year basis. On average, sell-side analysts forecast that Microsoft Co. will post 9.66 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 8th. Shareholders of record on Thursday, May 18th will be paid a $0.68 dividend. The ex-dividend date is Wednesday, May 17th. This represents a $2.72 dividend on an annualized basis and a yield of 0.86%. Microsoft’s payout ratio is 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.