Oxinas Partners Wealth Management LLC Buys 1,384 Shares of Microsoft Co. (NASDAQ:MSFT)

Posted by Defense World Staff on Apr 1st, 2023

Oxinas Partners Wealth Management LLC grew its stake in Microsoft Co. (NASDAQ:MSFT – Get Rating) by 7.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,838 shares of the software giant’s stock after purchasing an additional 1,384 shares during the period. Microsoft comprises approximately 3.8% of Oxinas Partners Wealth Management LLC’s investment portfolio, making the stock its 5th largest position. Oxinas Partners Wealth Management LLC’s holdings in Microsoft were worth $4,518,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Monumental Financial Group Inc. bought a new position in Microsoft in the 1st quarter valued at approximately $28,000. Hanseatic Management Services Inc. raised its holdings 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 during the last quarter. Macroview Investment Management LLC bought a new position in Microsoft in the 4th quarter valued at approximately $61,000. Morgan Dempsey Capital Management LLC bought a new position in Microsoft in the 3rd quarter valued at approximately $82,000. Finally, Avondale Wealth Management raised its holdings 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 during the last quarter. 69.15% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Microsoft

In other news, CEO Satya Nadella sold 4,767 shares of Microsoft stock in a transaction on 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 sale, 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Satya Nadella sold 4,767 shares of the business’s stock in a transaction dated 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 sale, 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 document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CMO Christopher C. Capossela sold 1,000 shares of the business’s stock in a transaction dated 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 owns 116,362 shares in the company, valued at $31,687,699.84. The disclosure for this sale can be found here. Insiders have sold 6,767 shares of company stock worth $1,728,111 in the last ninety days. Company insiders own 0.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Wedbush raised their price target on shares of Microsoft from $280.00 to $290.00 and gave the stock an “outperform” rating in a report on Friday, February 24th. Oppenheimer raised their price target on shares of Microsoft from $265.00 to $280.00 and gave the stock an “outperform” rating in a report on Wednesday, February 8th. BMO Capital Markets raised their price target on shares of Microsoft from $265.00 to $305.00 and gave the stock a “market perform” rating in a report on Tuesday. Mizuho raised their price target on shares of Microsoft from $300.00 to $315.00 and gave the stock a “buy” rating in a report on Friday, March 17th. Finally, KeyCorp raised their price target on shares of Microsoft from $270.00 to $316.00 and gave the stock an “overweight” rating in a report on Wednesday. One analyst has rated the stock with a sell rating, five have given a hold rating and twenty-seven have given a buy rating to the company. Based on data from MarketBeat, Microsoft presently has a consensus rating of “Moderate Buy” and a consensus price target of $288.73.

Microsoft Trading Up 1.5 %

NASDAQ MSFT opened at $288.30 on Friday. The stock 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. Microsoft Co. has a one year low of $213.43 and a one year high of $315.95. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.93 and a quick ratio of 1.89. The business’s fifty day moving average is $260.79 and its 200-day moving average is $246.82.

Microsoft (NASDAQ:MSFT – Get Rating) last released its earnings results on Tuesday, January 24th. The software giant reported $2.32 EPS for the quarter, topping analysts’ consensus estimates of $2.27 by $0.05. The company had revenue of $52.75 billion for the quarter, compared to analysts’ expectations of $53.17 billion. Microsoft had a return on equity of 39.87% and a net margin of 33.05%. The business’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period in the previous year, the business posted $2.48 EPS. Equities research analysts predict that Microsoft Co. will post 9.34 EPS for the current year.

Microsoft Announces Dividend

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

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.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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