Hoxton Planning & Management LLC acquired a new position in Microsoft Co. (NASDAQ:MSFT – Get Rating) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 9,854 shares of the software giant’s stock, valued at approximately $2,363,000. Microsoft makes up 1.3% of Hoxton Planning & Management LLC’s holdings, making the stock its 16th largest holding.
Other hedge funds and other institutional investors also recently modified their holdings of the company. ICICI Prudential Asset Management Co Ltd grew its holdings in shares of Microsoft by 199.7% in the 3rd quarter. ICICI Prudential Asset Management Co Ltd now owns 107,705 shares of the software giant’s stock worth $25,356,000 after acquiring an additional 71,769 shares during the last quarter. Seascape Capital Management grew its holdings in shares of Microsoft by 41.9% in the 3rd quarter. Seascape Capital Management now owns 2,908 shares of the software giant’s stock worth $677,000 after acquiring an additional 858 shares during the last quarter. BlackDiamond Wealth Management Inc. grew its holdings in shares of Microsoft by 9.2% in the 3rd quarter. BlackDiamond Wealth Management Inc. now owns 7,751 shares of the software giant’s stock worth $1,943,000 after acquiring an additional 650 shares during the last quarter. Handelsbanken Fonder AB grew its holdings in shares of Microsoft by 1.4% in the 3rd quarter. Handelsbanken Fonder AB now owns 2,789,479 shares of the software giant’s stock worth $649,670,000 after acquiring an additional 37,545 shares during the last quarter. Finally, RMR Wealth Builders grew its holdings in shares of Microsoft by 9.0% in the 3rd quarter. RMR Wealth Builders now owns 35,150 shares of the software giant’s stock worth $8,186,000 after acquiring an additional 2,894 shares during the last quarter. Institutional investors own 69.15% of the company’s stock.
Microsoft Price Performance
Shares of NASDAQ:MSFT opened at $288.80 on Tuesday. Microsoft Co. has a fifty-two week low of $213.43 and a fifty-two week high of $294.18. The business has a 50-day moving average of $268.51 and a two-hundred day moving average of $250.01. The stock has a market capitalization of $2.15 trillion, a P/E ratio of 32.09, a P/E/G ratio of 2.53 and a beta of 0.93. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.93 and a quick ratio of 1.89.
Microsoft Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 6th. Investors of record on Thursday, May 18th will be given a dividend of $0.68 per share. The ex-dividend date is Wednesday, May 17th. This represents a $2.72 annualized dividend and a dividend yield of 0.94%. Microsoft’s dividend payout ratio is presently 30.22%.
Analysts Set New Price Targets
MSFT has been the topic of a number of recent research reports. Fundamental Research decreased their target price on Microsoft from $269.73 to $259.47 and set a “buy” rating on the stock in a report on Thursday, February 2nd. KeyCorp lifted their target price on Microsoft from $270.00 to $316.00 and gave the stock an “overweight” rating in a report on Wednesday, March 29th. Wolfe Research decreased their target price on Microsoft from $280.00 to $265.00 and set an “outperform” rating on the stock in a report on Wednesday, January 25th. Stifel Nicolaus lifted their price target on Microsoft from $290.00 to $310.00 and gave the company a “buy” rating in a report on Friday. Finally, Evercore ISI lifted their price target on Microsoft from $280.00 to $295.00 in a report on Monday, March 20th. One analyst has rated the stock with a sell rating, five have issued a hold rating and twenty-seven have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $293.89.
Insider Buying and Selling
In related news, CMO Christopher C. Capossela sold 1,000 shares of the business’s 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 transaction, the chief marketing officer now owns 116,362 shares of the company’s stock, valued at approximately $31,687,699.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Microsoft news, CEO Satya Nadella sold 4,767 shares of the company’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 transaction, the chief executive officer now owns 788,625 shares of the company’s stock, valued at approximately $196,272,990. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CMO Christopher C. Capossela sold 1,000 shares of the company’s stock in a transaction that occurred on 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 transaction, the chief marketing officer now directly owns 116,362 shares of the company’s stock, valued at approximately $31,687,699.84. The disclosure for this sale can be found here. In the last 90 days, insiders sold 6,767 shares of company stock valued at $1,728,111. Insiders own 0.03% of the company’s stock.
Microsoft Company Profile
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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