Microsoft Co. (NASDAQ:MSFT) Shares Acquired by Cable Hill Partners LLC

Posted by MarketBeat News on May 24th, 2023

Cable Hill Partners LLC lifted its stake in shares of Microsoft Co. (NASDAQ:MSFT – Get Rating) by 3.8% during the 4th quarter, HoldingsChannel.com reports. The firm owned 21,747 shares of the software giant’s stock after buying an additional 805 shares during the quarter. Microsoft accounts for about 0.9% of Cable Hill Partners LLC’s holdings, making the stock its 13th biggest holding. Cable Hill Partners LLC’s holdings in Microsoft were worth $5,215,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Monumental Financial Group Inc. acquired a new stake in shares of Microsoft in the first quarter valued at approximately $28,000. Iron Horse Wealth Management LLC acquired a new stake in shares of Microsoft in the fourth quarter valued at approximately $26,000. Hanseatic Management Services Inc. increased its stake in shares of Microsoft by 71.4% in 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. Retirement Financial Solutions LLC bought a new position in shares of Microsoft in the fourth quarter valued at approximately $40,000. Finally, PayPay Securities Corp bought a new position in shares of Microsoft in the fourth quarter valued at approximately $54,000. Institutional investors own 69.15% of the company’s stock.

Insider Activity at Microsoft

In related news, CMO Christopher C. Capossela sold 5,000 shares of the stock in a transaction dated Thursday, May 18th. The shares were sold at an average price of $316.87, for a total transaction of $1,584,350.00. Following the completion of the transaction, the chief marketing officer now owns 89,328 shares in the company, valued at $28,305,363.36. The transaction was disclosed in a document filed with the SEC, which is available through this link. 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 shares were sold at an average price of $248.88, for a total value of $1,186,410.96. Following the sale, the chief executive officer now directly owns 788,625 shares of the company’s stock, valued at $196,272,990. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CMO Christopher C. Capossela sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 18th. The shares were sold at an average price of $316.87, for a total transaction of $1,584,350.00. Following the completion of the sale, the chief marketing officer now directly owns 89,328 shares in the company, valued at $28,305,363.36. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 54,848 shares of company stock worth $16,635,227. 0.03% of the stock is owned by company insiders.

Analysts Set New Price Targets

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Several research analysts have recently issued reports on MSFT shares. Stifel Nicolaus increased their price objective on shares of Microsoft from $310.00 to $320.00 and gave the company a “buy” rating in a report on Wednesday, April 26th. DA Davidson increased their target price on shares of Microsoft from $325.00 to $350.00 and gave the stock a “buy” rating in a research report on Wednesday, April 26th. Bank of America increased their target price on shares of Microsoft from $320.00 to $340.00 in a research report on Wednesday, April 26th. JPMorgan Chase & Co. raised their price target on shares of Microsoft from $305.00 to $315.00 and gave the company an “overweight” rating in a report on Wednesday, April 26th. Finally, 888 restated a “maintains” rating on shares of Microsoft 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 issued a buy rating to the company’s stock. According to data from MarketBeat, Microsoft presently has a consensus rating of “Moderate Buy” and a consensus price target of $323.28.

Microsoft Stock Down 1.8 %

Microsoft stock opened at $315.26 on Wednesday. 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 Co. has a 12-month low of $213.43 and a 12-month high of $322.72. The firm’s fifty day moving average is $293.30 and its 200 day moving average is $263.09. The company has a market capitalization of $2.34 trillion, a PE ratio of 34.16, a PEG ratio of 2.83 and a beta of 0.93.

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. The business 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%. Microsoft’s quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.22 EPS. As a group, sell-side analysts predict that Microsoft Co. will post 9.66 EPS for the current fiscal year.

Microsoft Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 8th. Stockholders of record on Thursday, May 18th will be paid a $0.68 dividend. The ex-dividend date of this dividend is Wednesday, May 17th. This represents a $2.72 annualized dividend and a dividend 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.