Insight Advisors LLC PA Has $4.67 Million Holdings in Microsoft Co. (NASDAQ:MSFT)

Posted by Defense World Staff on Mar 18th, 2023

Insight Advisors LLC PA grew its stake in shares of Microsoft Co. (NASDAQ:MSFT – Get Rating) by 3.0% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 20,062 shares of the software giant’s stock after acquiring an additional 588 shares during the period. Microsoft comprises 1.8% of Insight Advisors LLC PA’s investment portfolio, making the stock its 5th biggest position. Insight Advisors LLC PA’s holdings in Microsoft were worth $4,673,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of MSFT. Walled Lake Planning & Wealth Management LLC increased its stake in Microsoft by 0.5% during the second quarter. Walled Lake Planning & Wealth Management LLC now owns 7,369 shares of the software giant’s stock worth $1,893,000 after purchasing an additional 38 shares during the period. Financial Advisors Network Inc. increased its stake in Microsoft by 1.1% during the second quarter. Financial Advisors Network Inc. now owns 3,482 shares of the software giant’s stock worth $894,000 after purchasing an additional 39 shares during the period. Donoghue Forlines LLC increased its stake in Microsoft by 1.6% during the second quarter. Donoghue Forlines LLC now owns 2,598 shares of the software giant’s stock worth $667,000 after purchasing an additional 40 shares during the period. Rovin Capital UT ADV increased its stake in Microsoft by 1.1% during the third quarter. Rovin Capital UT ADV now owns 3,747 shares of the software giant’s stock worth $873,000 after purchasing an additional 40 shares during the period. Finally, Fountainhead AM LLC increased its stake in Microsoft by 1.0% during the second quarter. Fountainhead AM LLC now owns 4,196 shares of the software giant’s stock worth $1,078,000 after purchasing an additional 41 shares during the period. 69.15% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CMO Christopher C. Capossela sold 1,000 shares of the stock in a transaction on Monday, February 13th. The stock was sold at an average price of $272.32, for a total transaction of $272,320.00. Following the completion of the sale, the chief marketing officer now directly owns 116,362 shares of the company’s stock, valued at $31,687,699.84. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Microsoft news, CEO Satya Nadella sold 4,767 shares of the firm’s stock in a transaction on Tuesday, February 28th. The stock was sold at an average price of $248.88, for a total value of $1,186,410.96. Following the completion of the sale, the chief executive officer now owns 788,625 shares of the company’s stock, valued at $196,272,990. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CMO Christopher C. Capossela sold 1,000 shares of the firm’s stock in a transaction on Monday, February 13th. The shares were sold at an average price of $272.32, for a total value of $272,320.00. Following the completion of the sale, the chief marketing officer now directly owns 116,362 shares of the company’s stock, valued at approximately $31,687,699.84. The disclosure for this sale can be found here. Insiders sold a total of 6,767 shares of company stock valued at $1,728,111 over the last three months. 0.03% of the stock is currently owned by company insiders.

Microsoft Price Performance

MSFT stock opened at $279.43 on Friday. The company has a market capitalization of $2.08 trillion, a P/E ratio of 31.05, a PEG ratio of 2.39 and a beta of 0.92. Microsoft Co. has a twelve month low of $213.43 and a twelve month high of $315.95. The business has a 50 day simple moving average of $252.31 and a 200-day simple moving average of $245.55. The company has a current ratio of 1.93, a quick ratio of 1.89 and a debt-to-equity ratio of 0.24.

Microsoft (NASDAQ:MSFT – Get Rating) last issued its quarterly earnings results on Tuesday, January 24th. The software giant reported $2.32 earnings per share for the quarter, topping 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 last year, the company earned $2.48 earnings per share. The company’s revenue for the quarter was up 2.0% on a year-over-year basis. As a group, equities analysts anticipate that Microsoft Co. will post 9.34 EPS for the current year.

Microsoft Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 8th. Investors 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 dividend yield of 0.97%. The ex-dividend date of this dividend is Wednesday, May 17th. Microsoft’s dividend payout ratio is presently 30.22%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on MSFT. JPMorgan Chase & Co. set a $305.00 price target on shares of Microsoft and gave the stock an “overweight” rating in a research note on Wednesday, February 8th. StockNews.com began coverage on shares of Microsoft in a research note on Thursday. They set a “hold” rating on the stock. Cowen cut their target price on shares of Microsoft from $285.00 to $280.00 and set an “outperform” rating on the stock in a research note on Thursday, January 19th. Mizuho upped their target price on shares of Microsoft from $300.00 to $315.00 and gave the stock a “buy” rating in a research note on Friday. Finally, Rosenblatt Securities cut their target price on shares of Microsoft from $285.00 to $275.00 and set a “buy” rating on the stock in a research note on Thursday, January 26th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and twenty-seven have issued a buy rating to the company. According to data from MarketBeat, Microsoft currently has an average rating of “Moderate Buy” and a consensus target price of $286.05.

About Microsoft

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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.