Shira Ridge Wealth Management Purchases Shares of 6,981 Microsoft Co. (NASDAQ:MSFT)

Posted by on Mar 25th, 2023

Shira Ridge Wealth Management purchased a new stake in shares of Microsoft Co. (NASDAQ:MSFT – Get Rating) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 6,981 shares of the software giant’s stock, valued at approximately $1,674,000. Microsoft accounts for 1.2% of Shira Ridge Wealth Management’s portfolio, making the stock its 22nd largest holding.

A number of other institutional investors have also recently added to or reduced their stakes in MSFT. DGS Capital Management LLC grew its position in Microsoft by 19.9% during the first quarter. DGS Capital Management LLC now owns 14,342 shares of the software giant’s stock valued at $4,422,000 after acquiring an additional 2,383 shares during the period. IFM Investors Pty Ltd lifted its stake in shares of Microsoft by 20.8% during the first quarter. IFM Investors Pty Ltd now owns 1,138,469 shares of the software giant’s stock worth $351,001,000 after purchasing an additional 196,338 shares in the last quarter. Altus Wealth Group LLC lifted its stake in shares of Microsoft by 1.2% during the first quarter. Altus Wealth Group LLC now owns 12,712 shares of the software giant’s stock worth $3,919,000 after purchasing an additional 152 shares in the last quarter. Powell Investment Advisors LLC lifted its stake in shares of Microsoft by 16.2% during the first quarter. Powell Investment Advisors LLC now owns 2,578 shares of the software giant’s stock worth $795,000 after purchasing an additional 359 shares in the last quarter. Finally, Onyx Bridge Wealth Group LLC lifted its stake in shares of Microsoft by 8.2% during the first quarter. Onyx Bridge Wealth Group LLC now owns 6,782 shares of the software giant’s stock worth $1,921,000 after purchasing an additional 512 shares in the last quarter. Hedge funds and other institutional investors own 69.15% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Guggenheim cut Microsoft from a “neutral” rating to a “sell” rating and set a $212.00 price objective on the stock. in a research note on Tuesday, January 17th. DA Davidson boosted their price objective on Microsoft from $280.00 to $325.00 and gave the stock a “buy” rating in a research note on Wednesday, February 8th. Fundamental Research reduced their price objective on Microsoft from $269.73 to $259.47 and set a “buy” rating on the stock in a research note on Thursday, February 2nd. BMO Capital Markets cut Microsoft from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $267.00 to $265.00 in a research note on Wednesday, January 25th. They noted that the move was a valuation call. Finally, Jefferies Financial Group set a $310.00 price target on Microsoft in a research note on Monday, February 27th. One investment 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 stock. According to MarketBeat, Microsoft presently has an average rating of “Moderate Buy” and a consensus price target of $287.92.

Insider Buying and Selling

In related news, CEO Satya Nadella sold 4,767 shares of the stock in a transaction that occurred 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 directly owns 788,625 shares of the company’s stock, valued at approximately $196,272,990. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Microsoft 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 transaction, the chief marketing officer now directly owns 116,362 shares of the company’s stock, valued at approximately $31,687,699.84. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Satya Nadella sold 4,767 shares of Microsoft stock in a transaction 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 transaction, the chief executive officer now owns 788,625 shares in the company, valued at $196,272,990. The disclosure for this sale can be found here. Insiders sold 6,767 shares of company stock valued at $1,728,111 in the last three months. 0.03% of the stock is currently owned by corporate insiders.

Microsoft Stock Up 1.0 %

NASDAQ:MSFT opened at $280.57 on Friday. The firm has a market capitalization of $2.09 trillion, a PE ratio of 31.17, a price-to-earnings-growth ratio of 2.51 and a beta of 0.92. The stock has a 50 day moving average of $256.45 and a 200-day moving average of $246.10. Microsoft Co. has a 52 week low of $213.43 and a 52 week high of $315.95. 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 data on Tuesday, January 24th. The software giant reported $2.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $53.17 billion. During the same period in the prior year, the company posted $2.48 EPS. The business’s revenue for the quarter was up 2.0% compared to the same quarter last year. Analysts predict that Microsoft Co. will post 9.34 EPS for the current year.

Microsoft Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 8th. Investors of record on Thursday, May 18th will be issued a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date is Wednesday, May 17th. Microsoft’s dividend payout ratio (DPR) is 30.22%.

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.

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