Microsoft Co. (NASDAQ:MSFT) Holdings Boosted by Thomasville National Bank

Posted by Defense World Staff on Mar 21st, 2023

Thomasville National Bank boosted its position in Microsoft Co. (NASDAQ:MSFT – Get Rating) by 1.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 185,806 shares of the software giant’s stock after buying an additional 2,013 shares during the period. Microsoft makes up about 5.1% of Thomasville National Bank’s holdings, making the stock its biggest position. Thomasville National Bank’s holdings in Microsoft were worth $44,560,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Monumental Financial Group Inc. purchased a new stake in shares of Microsoft in the 1st quarter worth about $28,000. Hanseatic Management Services Inc. increased its stake in shares of Microsoft by 71.4% during the 3rd quarter. Hanseatic Management Services Inc. now owns 132 shares of the software giant’s stock valued at $31,000 after acquiring an additional 55 shares during the last quarter. Grayhawk Investment Strategies Inc. purchased a new stake in shares of Microsoft during the 2nd quarter worth about $104,000. Morgan Dempsey Capital Management LLC purchased a new stake in shares of Microsoft during the 3rd quarter worth about $82,000. Finally, Avondale Wealth Management grew its holdings in shares of Microsoft by 58.6% during the 3rd quarter. Avondale Wealth Management now owns 406 shares of the software giant’s stock worth $95,000 after purchasing an additional 150 shares during the period. 69.15% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently commented on MSFT. Cowen reduced their target price on Microsoft from $285.00 to $280.00 and set an “outperform” rating for the company in a research note on Thursday, January 19th. JPMorgan Chase & Co. set a $305.00 price target on Microsoft and gave the company an “overweight” rating in a research report on Wednesday, February 8th. Royal Bank of Canada reissued an “outperform” rating and set a $285.00 price target on shares of Microsoft in a research report on Friday. Stifel Nicolaus dropped their price target on Microsoft from $290.00 to $275.00 and set a “buy” rating on the stock in a research report on Wednesday, January 25th. Finally, Credit Suisse Group set a $285.00 price target on Microsoft in a research report on Thursday, March 2nd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $287.30.

Microsoft Trading Down 2.6 %

Shares of MSFT stock opened at $272.23 on Tuesday. The stock has a 50-day simple moving average of $253.21 and a 200 day simple moving average of $245.40. Microsoft Co. has a fifty-two week low of $213.43 and a fifty-two week high of $315.95. The stock has a market capitalization of $2.03 trillion, a P/E ratio of 30.25, a P/E/G ratio of 2.57 and a beta of 0.92. The company has a quick ratio of 1.89, a current ratio of 1.93 and a debt-to-equity ratio of 0.24.

Microsoft (NASDAQ:MSFT – Get Rating) last announced its earnings results on Tuesday, January 24th. The software giant reported $2.32 earnings per share 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 business had revenue of $52.75 billion during the quarter, compared to analysts’ expectations of $53.17 billion. During the same quarter last year, the business posted $2.48 earnings per share. The company’s quarterly revenue was up 2.0% on a year-over-year basis. On average, sell-side analysts expect that Microsoft Co. will post 9.34 earnings per share 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 given a $0.68 dividend. The ex-dividend date of this dividend is Wednesday, May 17th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.00%. Microsoft’s dividend payout ratio (DPR) is 30.22%.

Insider Activity at Microsoft

In related news, CEO Satya Nadella sold 4,767 shares of the 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 transaction, the chief executive officer now owns 788,625 shares in the company, valued at approximately $196,272,990. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Satya Nadella sold 4,767 shares of the 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 transaction, the chief executive officer now owns 788,625 shares in the company, valued at approximately $196,272,990. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CMO Christopher C. Capossela sold 1,000 shares of the stock in a transaction dated Monday, February 13th. The stock was 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 $31,687,699.84. The disclosure for this sale can be found here. Insiders sold 6,767 shares of company stock worth $1,728,111 in the last quarter. 0.03% of the stock is owned by company insiders.

Microsoft Profile

(Get Rating)

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.