Sage Capital Advisors llc Acquires 1,008 Shares of Microsoft Co. (NASDAQ:MSFT)

Posted by Defense World Staff on Apr 6th, 2023

Sage Capital Advisors llc increased its stake in shares of Microsoft Co. (NASDAQ:MSFT – Get Rating) by 2.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 42,134 shares of the software giant’s stock after buying an additional 1,008 shares during the quarter. Microsoft comprises approximately 4.5% of Sage Capital Advisors llc’s investment portfolio, making the stock its 3rd biggest holding. Sage Capital Advisors llc’s holdings in Microsoft were worth $10,105,000 at the end of the most recent reporting period.

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

Microsoft Stock Down 1.0 %

MSFT opened at $284.34 on Thursday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.89 and a current ratio of 1.93. Microsoft Co. has a fifty-two week low of $213.43 and a fifty-two week high of $307.00. The company has a market capitalization of $2.12 trillion, a P/E ratio of 31.59, a P/E/G ratio of 2.65 and a beta of 0.93. The stock has a fifty day moving average of $263.46 and a 200-day moving average of $247.60.

Microsoft (NASDAQ:MSFT – Get Rating) last released its earnings results on Tuesday, January 24th. The software giant reported $2.32 earnings per share (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 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% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.48 earnings per share. On average, equities analysts expect that Microsoft Co. will post 9.34 EPS for the current year.

Microsoft Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 6th. Stockholders of record on Thursday, May 18th will be given a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date is Wednesday, May 17th. Microsoft’s payout ratio is 30.22%.

Insider Transactions at Microsoft

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 transaction of $1,186,410.96. Following the completion of the sale, 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 legal filing with the SEC, which is available at the SEC website. In other news, CMO Christopher C. Capossela sold 1,000 shares of Microsoft stock in a transaction dated 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 owns 116,362 shares in the company, valued at approximately $31,687,699.84. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Satya Nadella sold 4,767 shares of the business’s 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 sale, the chief executive officer now owns 788,625 shares of the company’s stock, valued at approximately $196,272,990. The disclosure for this sale can be found here. Insiders have sold 6,767 shares of company stock valued at $1,728,111 over the last ninety days. 0.03% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms recently commented on MSFT. The Goldman Sachs Group set a $315.00 price objective on shares of Microsoft in a report on Wednesday, January 25th. Guggenheim downgraded shares of Microsoft from a “neutral” rating to a “sell” rating and set a $212.00 price target on the stock. in a research note on Tuesday, January 17th. Barclays cut their price target on shares of Microsoft from $296.00 to $280.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 10th. KeyCorp raised their target price on shares of Microsoft from $270.00 to $316.00 and gave the company an “overweight” rating in a research note on Wednesday, March 29th. Finally, UBS Group set a $275.00 price target on shares of Microsoft 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 assigned 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 $289.98.

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.