Pflug Koory LLC Has $4.07 Million Holdings in Microsoft Co. (NASDAQ:MSFT)

Posted by Defense World Staff on Apr 1st, 2023

Pflug Koory LLC boosted its holdings in shares of Microsoft Co. (NASDAQ:MSFT – Get Rating) by 2.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 16,960 shares of the software giant’s stock after purchasing an additional 370 shares during the quarter. Microsoft comprises approximately 2.3% of Pflug Koory LLC’s holdings, making the stock its 4th largest position. Pflug Koory LLC’s holdings in Microsoft were worth $4,067,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in Microsoft by 1.0% during the 3rd quarter. Vanguard Group Inc. now owns 634,238,715 shares of the software giant’s stock valued at $147,714,197,000 after purchasing an additional 6,129,708 shares during the period. State Street Corp raised its holdings in Microsoft by 0.7% in the 3rd quarter. State Street Corp now owns 295,509,547 shares of the software giant’s stock valued at $68,824,173,000 after acquiring an additional 1,951,554 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Microsoft by 0.3% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 195,859,819 shares of the software giant’s stock valued at $50,302,677,000 after acquiring an additional 556,020 shares in the last quarter. Legal & General Group Plc raised its holdings in Microsoft by 1.5% in the 2nd quarter. Legal & General Group Plc now owns 54,799,110 shares of the software giant’s stock valued at $14,074,064,000 after acquiring an additional 784,656 shares in the last quarter. Finally, Alliancebernstein L.P. raised its holdings in Microsoft by 0.4% in the 3rd quarter. Alliancebernstein L.P. now owns 49,440,386 shares of the software giant’s stock valued at $11,514,665,000 after acquiring an additional 208,765 shares in the last quarter. Institutional investors own 69.15% of the company’s stock.

Insider Buying and Selling at Microsoft

In other Microsoft 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 transaction, the chief executive officer now directly owns 788,625 shares in the company, valued at approximately $196,272,990. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other 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 transaction, the chief executive officer now directly 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 can be accessed through the SEC website. Also, CMO Christopher C. Capossela sold 1,000 shares of the firm’s stock in a transaction on 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 transaction, the chief marketing officer now owns 116,362 shares in the company, valued at $31,687,699.84. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 6,767 shares of company stock worth $1,728,111. Insiders own 0.03% of the company’s stock.

Microsoft Stock Up 1.5 %

Shares of MSFT opened at $288.30 on Friday. The firm has a market capitalization of $2.15 trillion, a price-to-earnings ratio of 32.03, a PEG ratio of 2.53 and a beta of 0.92. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.89 and a current ratio of 1.93. The business’s fifty day moving average price is $260.79 and its two-hundred day moving average price is $246.82. Microsoft Co. has a 52 week low of $213.43 and a 52 week high of $315.95.

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

Microsoft Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 6th. Shareholders of record on Thursday, May 18th will be given a $0.68 dividend. The ex-dividend date is Wednesday, May 17th. This represents a $2.72 dividend on an annualized basis and a yield of 0.94%. Microsoft’s payout ratio is 30.22%.

Wall Street Analysts Forecast Growth

MSFT has been the subject of several recent research reports. The Goldman Sachs Group set a $315.00 price target on Microsoft in a report on Wednesday, January 25th. Raymond James cut their price target on Microsoft from $280.00 to $270.00 and set an “outperform” rating for the company in a report on Wednesday, January 25th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $285.00 price target on shares of Microsoft in a report on Friday, March 17th. Barclays dropped their target price on Microsoft from $296.00 to $280.00 and set an “overweight” rating for the company in a report on Tuesday, January 10th. Finally, Evercore ISI increased their target price on Microsoft from $280.00 to $295.00 in a report on Monday, March 20th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-seven have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $288.73.

Microsoft Company 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.