Oak Family Advisors LLC Has $1.41 Million Position in Microsoft Co. (NASDAQ:MSFT)

Posted by Defense World Staff on Apr 28th, 2023

Oak Family Advisors LLC reduced its holdings in shares of Microsoft Co. (NASDAQ:MSFT – Get Rating) by 9.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,872 shares of the software giant’s stock after selling 607 shares during the period. Oak Family Advisors LLC’s holdings in Microsoft were worth $1,408,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Iron Horse Wealth Management LLC bought a new position in Microsoft during the 4th quarter valued at about $26,000. Monumental Financial Group Inc. bought a new position in Microsoft during the 1st quarter valued at about $28,000. Hanseatic Management Services Inc. lifted its holdings in Microsoft by 71.4% during the 3rd quarter. Hanseatic Management Services Inc. now owns 132 shares of the software giant’s stock valued at $31,000 after purchasing an additional 55 shares during the last quarter. Retirement Financial Solutions LLC bought a new position in Microsoft during the 4th quarter valued at about $40,000. Finally, Macroview Investment Management LLC bought a new position in Microsoft during the 4th quarter valued at about $61,000. 69.15% of the stock is currently owned by institutional investors and hedge funds.

Microsoft Stock Up 3.2 %

Microsoft stock opened at $304.83 on Friday. The company has a 50 day moving average of $272.55 and a 200-day moving average of $252.82. 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 stock has a market capitalization of $2.27 trillion, a PE ratio of 33.87, a price-to-earnings-growth ratio of 2.67 and a beta of 0.93. Microsoft Co. has a twelve month low of $213.43 and a twelve month high of $305.20.

Microsoft (NASDAQ:MSFT – Get Rating) last announced its quarterly earnings data on Tuesday, April 25th. The software giant reported $2.45 EPS for the quarter, topping analysts’ consensus estimates of $2.22 by $0.23. The business had revenue of $52.86 billion for the quarter, compared to analyst estimates of $51.01 billion. Microsoft had a net margin of 33.25% and a return on equity of 40.12%. The firm’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.22 earnings per share. On average, equities research analysts anticipate that Microsoft Co. will post 9.3 EPS for the current fiscal year.

Microsoft Dividend Announcement

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 given a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date is Wednesday, May 17th. Microsoft’s dividend payout ratio is presently 30.22%.

Insider Transactions at Microsoft

In other news, CMO Christopher C. Capossela sold 1,000 shares of the business’s 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 of the company’s stock, valued at $31,687,699.84. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Microsoft news, CMO Christopher C. Capossela sold 1,000 shares of the company’s stock in a transaction on Monday, February 13th. The shares were sold at an average price of $272.32, for a total transaction of $272,320.00. Following the sale, the chief marketing officer now directly owns 116,362 shares of the company’s stock, valued at $31,687,699.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Satya Nadella sold 4,767 shares of the company’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 sale, the chief executive officer now directly owns 788,625 shares in the company, valued at $196,272,990. The disclosure for this sale can be found here. Insiders have sold a total of 6,767 shares of company stock valued at $1,728,111 over the last 90 days. 0.03% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on MSFT. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Microsoft from $310.00 to $340.00 in a research note on Wednesday. Barclays boosted their target price on shares of Microsoft from $310.00 to $336.00 and gave the stock an “overweight” rating in a research note on Wednesday. Cowen dropped their target price on shares of Microsoft from $285.00 to $280.00 and set an “outperform” rating for the company in a research note on Thursday, January 19th. Evercore ISI boosted their target price on shares of Microsoft from $295.00 to $337.00 in a research note on Wednesday. Finally, Raymond James boosted their target price on shares of Microsoft from $310.00 to $320.00 and gave the stock an “outperform” rating in a research note on Wednesday. One analyst has rated the stock with a sell rating, three have assigned a hold rating and thirty-three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $322.88.

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.