Sutton Place Investors LLC Raises Stake in Microsoft Co. (NASDAQ:MSFT)

Posted by Defense World Staff on Apr 20th, 2023

Sutton Place Investors LLC grew its stake in shares of Microsoft Co. (NASDAQ:MSFT – Get Rating) by 3.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,790 shares of the software giant’s stock after purchasing an additional 105 shares during the quarter. Sutton Place Investors LLC’s holdings in Microsoft were worth $669,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

MSFT has been the topic of several research reports. Wolfe Research cut their price target on shares of Microsoft from $280.00 to $265.00 and set an “outperform” rating on the stock in a report on Wednesday, January 25th. StockNews.com initiated coverage on shares of Microsoft in a report on Thursday, March 16th. They issued a “hold” rating on the stock. Barclays increased their price target on shares of Microsoft from $280.00 to $310.00 and gave the stock an “overweight” rating in a report on Monday. Credit Suisse Group set a $285.00 price target on shares of Microsoft in a report on Thursday, March 2nd. Finally, Wells Fargo & Company raised their price objective on shares of Microsoft from $300.00 to $320.00 and gave the stock an “overweight” rating in a research note on Friday, March 24th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-eight have issued a buy rating to the stock. According to data from MarketBeat, Microsoft presently has an average rating of “Moderate Buy” and an average price target of $297.71.

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 transaction, the chief executive officer now owns 788,625 shares in the company, valued at approximately $196,272,990. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 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 transaction, the chief executive officer now owns 788,625 shares in the company, valued at approximately $196,272,990. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CMO Christopher C. Capossela sold 1,000 shares of Microsoft stock in a transaction on Thursday, February 9th. The stock was sold at an average price of $269.38, for a total value of $269,380.00. Following the transaction, the chief marketing officer now owns 117,362 shares in the company, valued at approximately $31,614,975.56. The disclosure for this sale can be found here. Insiders have sold a total of 6,767 shares of company stock worth $1,728,111 in the last quarter. Company insiders own 0.03% of the company’s stock.

Microsoft Trading Up 0.0 %

Shares of MSFT opened at $288.45 on Thursday. Microsoft Co. has a 52-week low of $213.43 and a 52-week high of $294.18. The company has a quick ratio of 1.89, a current ratio of 1.93 and a debt-to-equity ratio of 0.24. The firm’s fifty day moving average is $270.00 and its two-hundred day moving average is $251.03. The stock has a market cap of $2.15 trillion, a PE ratio of 32.05, a price-to-earnings-growth ratio of 2.53 and a beta of 0.93.

Microsoft (NASDAQ:MSFT – Get Rating) last announced its earnings results on Tuesday, January 24th. The software giant reported $2.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.27 by $0.05. Microsoft had a net margin of 33.05% and a return on equity of 39.87%. The company had revenue of $52.75 billion for the quarter, compared to analysts’ expectations of $53.17 billion. During the same quarter in the previous year, the company posted $2.48 EPS. The firm’s quarterly revenue was up 2.0% on a year-over-year basis. Research analysts forecast that Microsoft Co. will post 9.31 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 6th. Stockholders of record on Thursday, May 18th will be issued 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%.

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.