Lindbrook Capital LLC Boosts Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

Posted by Defense World Staff on Apr 18th, 2023

Lindbrook Capital LLC lifted its holdings in Microsoft Co. (NASDAQ:MSFT – Get Rating) by 8.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 47,529 shares of the software giant’s stock after buying an additional 3,877 shares during the period. Microsoft comprises 1.4% of Lindbrook Capital LLC’s holdings, making the stock its 9th largest holding. Lindbrook Capital LLC’s holdings in Microsoft were worth $11,398,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in MSFT. DGS Capital Management LLC increased its holdings in shares of Microsoft by 19.9% in the 1st quarter. DGS Capital Management LLC now owns 14,342 shares of the software giant’s stock worth $4,422,000 after buying an additional 2,383 shares during the last quarter. IFM Investors Pty Ltd grew its holdings 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 valued at $351,001,000 after purchasing an additional 196,338 shares during the last quarter. Altus Wealth Group LLC grew its holdings in Microsoft by 1.2% during the 1st 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 last quarter. Powell Investment Advisors LLC grew its holdings in Microsoft by 16.2% during the 1st 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 last quarter. Finally, Onyx Bridge Wealth Group LLC grew its holdings in Microsoft by 8.2% during the 1st quarter. Onyx Bridge Wealth Group LLC now owns 6,782 shares of the software giant’s stock valued at $1,921,000 after purchasing an additional 512 shares during the last quarter. 69.15% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Citigroup upped their price target on shares of Microsoft from $280.00 to $282.00 and gave the company a “buy” rating in a report on Wednesday, January 25th. Credit Suisse Group set a $285.00 price target on shares of Microsoft in a report on Thursday, March 2nd. Jefferies Financial Group set a $310.00 price target on shares of Microsoft in a report on Monday, February 27th. Wedbush upped their target price on shares of Microsoft from $290.00 to $315.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 12th. Finally, Evercore ISI upped their target price on shares of Microsoft from $280.00 to $295.00 in a research note on Monday, March 20th. One research analyst has rated the stock with a sell rating, five have given a hold rating and twenty-seven have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $293.89.

Microsoft Trading Up 0.9 %

Shares of Microsoft stock opened at $288.80 on Tuesday. 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 Co. has a 12-month low of $213.43 and a 12-month high of $294.18. The firm has a market capitalization of $2.15 trillion, a price-to-earnings ratio of 32.09, a PEG ratio of 2.53 and a beta of 0.93. The firm’s 50 day simple moving average is $268.51 and its two-hundred day simple moving average is $250.01.

Microsoft (NASDAQ:MSFT – Get Rating) last issued its quarterly 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. Microsoft had a net margin of 33.05% and a return on equity of 39.87%. The business had revenue of $52.75 billion for the quarter, compared to analyst estimates of $53.17 billion. During the same quarter in the prior year, the business posted $2.48 EPS. Microsoft’s revenue for the quarter was up 2.0% compared to the same quarter last year. Analysts predict that Microsoft Co. will post 9.31 EPS for the current year.

Microsoft Announces Dividend

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

Insider Transactions at Microsoft

In other news, CEO Satya Nadella sold 4,767 shares of the 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 sale, the chief executive officer now owns 788,625 shares in the company, valued at $196,272,990. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CMO Christopher C. Capossela sold 1,000 shares of the stock in a transaction 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 sale, the chief marketing officer now owns 116,362 shares in the company, valued at $31,687,699.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 transaction of $1,186,410.96. Following the completion of the sale, the chief executive officer now owns 788,625 shares in the company, valued at approximately $196,272,990. The disclosure for this sale can be found here. Insiders have sold 6,767 shares of company stock worth $1,728,111 over the last 90 days. 0.03% of the stock is currently owned by company insiders.

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.