Dash Acquisitions Inc. Acquires 3,510 Shares of Microsoft Co. (NASDAQ:MSFT)

Posted by Defense World Staff on Mar 17th, 2023

Dash Acquisitions Inc. increased its position in Microsoft Co. (NASDAQ:MSFT – Get Rating) by 5.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 73,968 shares of the software giant’s stock after acquiring an additional 3,510 shares during the period. Microsoft makes up about 9.6% of Dash Acquisitions Inc.’s investment portfolio, making the stock its biggest position. Dash Acquisitions Inc.’s holdings in Microsoft were worth $17,227,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of MSFT. Monumental Financial Group Inc. acquired a new stake in shares of Microsoft in the 1st quarter worth approximately $28,000. Hanseatic Management Services Inc. lifted its stake in Microsoft by 71.4% in the 3rd quarter. Hanseatic Management Services Inc. now owns 132 shares of the software giant’s stock valued at $31,000 after buying an additional 55 shares in the last quarter. Morgan Dempsey Capital Management LLC purchased a new stake in Microsoft in the 3rd quarter valued at approximately $82,000. Avondale Wealth Management lifted its stake in Microsoft by 58.6% in the 3rd quarter. Avondale Wealth Management now owns 406 shares of the software giant’s stock valued at $95,000 after buying an additional 150 shares in the last quarter. Finally, Beutel Goodman & Co Ltd. lifted its stake in Microsoft by 57.5% in the 3rd quarter. Beutel Goodman & Co Ltd. now owns 411 shares of the software giant’s stock valued at $95,000 after buying an additional 150 shares in the last quarter. Institutional investors and hedge funds own 69.15% of the company’s stock.

Microsoft Stock Up 4.1 %

Shares of NASDAQ MSFT opened at $276.20 on Friday. Microsoft Co. has a 12-month low of $213.43 and a 12-month high of $315.95. The company has a market cap of $2.06 trillion, a P/E ratio of 30.69, a P/E/G ratio of 2.33 and a beta of 0.92. The company has a current ratio of 1.93, a quick ratio of 1.89 and a debt-to-equity ratio of 0.24. The stock has a fifty day moving average price of $251.22 and a 200 day moving average price of $245.45.

Microsoft (NASDAQ:MSFT – Get Rating) last announced its quarterly earnings results on Tuesday, January 24th. The software giant reported $2.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.27 by $0.05. Microsoft had a return on equity of 39.87% and a net margin of 33.05%. The firm had revenue of $52.75 billion during the quarter, compared to the consensus estimate of $53.17 billion. During the same period in the prior year, the firm earned $2.48 EPS. The firm’s quarterly revenue was up 2.0% compared to the same quarter last year. Research analysts anticipate that Microsoft Co. will post 9.34 EPS for the current fiscal year.

Microsoft Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 6th. Investors of record on Thursday, May 18th will be issued a $0.68 dividend. The ex-dividend date is Wednesday, May 17th. This represents a $2.72 annualized dividend and a yield of 0.98%. Microsoft’s dividend payout ratio is currently 30.22%.

Insider Activity

In other news, CMO Christopher C. Capossela sold 1,000 shares of the firm’s stock in a transaction dated Thursday, February 9th. The stock was sold at an average price of $269.38, for a total transaction of $269,380.00. Following the completion of the sale, the chief marketing officer now directly owns 117,362 shares in the company, valued at $31,614,975.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Satya Nadella sold 4,767 shares of the firm’s stock in a transaction dated 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 directly owns 788,625 shares in the company, valued at $196,272,990. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CMO Christopher C. Capossela sold 1,000 shares of the firm’s stock in a transaction dated Thursday, February 9th. The shares were sold at an average price of $269.38, for a total value of $269,380.00. Following the sale, the chief marketing officer now owns 117,362 shares of the company’s stock, valued at $31,614,975.56. The disclosure for this sale can be found here. Insiders sold 6,767 shares of company stock worth $1,728,111 over the last ninety days. Corporate insiders own 0.03% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on MSFT shares. The Goldman Sachs Group set a $315.00 target price on Microsoft in a research note on Wednesday, January 25th. Cowen reduced their target price on Microsoft from $285.00 to $280.00 and set an “outperform” rating on the stock in a research note on Thursday, January 19th. Rosenblatt Securities reduced their target price on Microsoft from $285.00 to $275.00 and set a “buy” rating on the stock in a research note on Thursday, January 26th. DA Davidson upped their target price on Microsoft from $280.00 to $325.00 and gave the company a “buy” rating in a research note on Wednesday, February 8th. Finally, Raymond James reduced their price target on Microsoft from $280.00 to $270.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 25th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and twenty-seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $285.58.

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.