Microsoft Co. (NASDAQ:MSFT) Holdings Raised by K.J. Harrison & Partners Inc

Posted by Defense World Staff on Apr 18th, 2023

K.J. Harrison & Partners Inc lifted its position in shares of Microsoft Co. (NASDAQ:MSFT – Get Rating) by 8.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,046 shares of the software giant’s stock after acquiring an additional 4,334 shares during the quarter. Microsoft accounts for about 3.4% of K.J. Harrison & Partners Inc’s holdings, making the stock its 3rd biggest position. K.J. Harrison & Partners Inc’s holdings in Microsoft were worth $17,229,988,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. ICICI Prudential Asset Management Co Ltd boosted its stake in shares of Microsoft by 199.7% during 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 in the last quarter. Seascape Capital Management lifted its stake in Microsoft by 41.9% in the 3rd quarter. Seascape Capital Management now owns 2,908 shares of the software giant’s stock valued at $677,000 after buying an additional 858 shares in the last quarter. BlackDiamond Wealth Management Inc. grew its holdings in Microsoft by 9.2% during the 3rd quarter. BlackDiamond Wealth Management Inc. now owns 7,751 shares of the software giant’s stock valued at $1,943,000 after buying an additional 650 shares during the last quarter. Handelsbanken Fonder AB increased its position in Microsoft by 1.4% during the third quarter. Handelsbanken Fonder AB now owns 2,789,479 shares of the software giant’s stock worth $649,670,000 after buying an additional 37,545 shares in the last quarter. Finally, RMR Wealth Builders raised its holdings in shares of Microsoft by 9.0% in the third 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. Hedge funds and other institutional investors own 69.15% of the company’s stock.

Microsoft Stock Up 0.9 %

NASDAQ MSFT opened at $288.80 on Tuesday. The stock has a market cap of $2.15 trillion, a PE ratio of 32.09, a P/E/G ratio of 2.53 and a beta of 0.93. 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 price of $268.51 and a two-hundred day moving average price of $250.01. The company has a quick ratio of 1.89, a current ratio of 1.93 and a debt-to-equity ratio of 0.24.

Microsoft (NASDAQ:MSFT – Get Rating) last released its quarterly earnings results on Tuesday, January 24th. The software giant reported $2.32 earnings per share for the quarter, topping analysts’ consensus estimates of $2.27 by $0.05. The firm had revenue of $52.75 billion during 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%. Microsoft’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.48 EPS. As a group, sell-side analysts predict that Microsoft Co. will post 9.31 EPS for the current fiscal year.

Microsoft Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research firms recently commented on MSFT. Mizuho lifted their price objective on Microsoft from $300.00 to $315.00 and gave the stock a “buy” rating in a research report on Friday, March 17th. JPMorgan Chase & Co. set a $305.00 price target on shares of Microsoft and gave the stock an “overweight” rating in a report on Wednesday, February 8th. Stifel Nicolaus upped their price objective on shares of Microsoft from $290.00 to $310.00 and gave the company a “buy” rating in a research note on Friday. Jefferies Financial Group set a $310.00 target price on shares of Microsoft in a research note on Monday, February 27th. Finally, KeyCorp increased their price target on Microsoft from $270.00 to $316.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 29th. One equities 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 stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $293.89.

Insiders Place Their Bets

In other news, CEO Satya Nadella sold 4,767 shares of the stock in a transaction that occurred 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 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 document filed with the SEC, which is accessible through this link. In other news, CMO Christopher C. Capossela sold 1,000 shares of the stock in a transaction that occurred on 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 directly owns 116,362 shares in the company, valued at approximately $31,687,699.84. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Satya Nadella sold 4,767 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer now owns 788,625 shares of the company’s stock, valued at $196,272,990. The disclosure for this sale can be found here. Insiders sold a total of 6,767 shares of company stock worth $1,728,111 in the last 90 days. 0.03% of the stock is owned by company insiders.

Microsoft Company Profile

(Get Rating)

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.