Microsoft Co. (NASDAQ:MSFT) Stock Position Lifted by Annex Advisory Services LLC

Posted by Defense World Staff on Apr 29th, 2023

Annex Advisory Services LLC grew its position in shares of Microsoft Co. (NASDAQ:MSFT – Get Rating) by 13.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 64,819 shares of the software giant’s stock after buying an additional 7,700 shares during the period. Microsoft comprises 0.9% of Annex Advisory Services LLC’s portfolio, making the stock its 20th largest position. Annex Advisory Services LLC’s holdings in Microsoft were worth $15,545,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the stock. Congress Park Capital LLC lifted its holdings in shares of Microsoft by 1.1% in the 4th quarter. Congress Park Capital LLC now owns 28,302 shares of the software giant’s stock worth $6,787,000 after purchasing an additional 305 shares during the last quarter. Compass Capital Management Inc. lifted its holdings in shares of Microsoft by 1.4% in the 4th quarter. Compass Capital Management Inc. now owns 216,854 shares of the software giant’s stock worth $52,006,000 after purchasing an additional 2,902 shares during the last quarter. Northern Financial Advisors Inc bought a new stake in shares of Microsoft in the 4th quarter worth approximately $2,119,000. Optas LLC lifted its holdings in shares of Microsoft by 2.7% in the 4th quarter. Optas LLC now owns 25,001 shares of the software giant’s stock worth $5,996,000 after purchasing an additional 651 shares during the last quarter. Finally, ADE LLC lifted its holdings in shares of Microsoft by 1.1% in the 4th quarter. ADE LLC now owns 6,625 shares of the software giant’s stock worth $1,589,000 after purchasing an additional 75 shares during the last quarter. Institutional investors own 69.15% of the company’s stock.

Insider Activity at Microsoft

In related 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 completion of the sale, the chief executive officer now owns 788,625 shares of the company’s stock, valued at $196,272,990. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related 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 completion of the sale, the chief executive officer now owns 788,625 shares of the company’s stock, valued at $196,272,990. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CMO Christopher C. Capossela sold 1,000 shares of Microsoft 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 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. Over 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.

Wall Street Analysts Forecast Growth

MSFT has been the topic of several recent research reports. Credit Suisse Group raised their price target on Microsoft from $285.00 to $350.00 and gave the stock an “outperform” rating in a report on Wednesday. Rosenblatt Securities lifted their target price on Microsoft from $275.00 to $310.00 and gave the company a “buy” rating in a research note on Wednesday. Evercore ISI lifted their target price on Microsoft from $295.00 to $337.00 in a research note on Wednesday. StockNews.com raised Microsoft from a “hold” rating to a “buy” rating in a research note on Thursday. Finally, BMO Capital Markets raised Microsoft from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $325.00 to $347.00 in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and thirty-three have assigned a buy rating to the company. According to data from MarketBeat.com, Microsoft has a consensus rating of “Moderate Buy” and a consensus price target of $322.88.

Microsoft Stock Performance

Shares of NASDAQ MSFT opened at $307.26 on Friday. Microsoft Co. has a 52-week low of $213.43 and a 52-week high of $308.93. The company has a quick ratio of 1.89, a current ratio of 1.91 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $2.28 trillion, a price-to-earnings ratio of 33.29, a PEG ratio of 2.82 and a beta of 0.93. The stock’s fifty day simple moving average is $273.53 and its 200 day simple moving average is $253.36.

Microsoft (NASDAQ:MSFT – Get Rating) last issued its quarterly earnings results on Tuesday, April 25th. The software giant reported $2.45 earnings per share for the quarter, beating analysts’ consensus estimates of $2.22 by $0.23. Microsoft had a return on equity of 38.98% and a net margin of 33.25%. The business had revenue of $52.86 billion for the quarter, compared to the consensus estimate of $51.01 billion. During the same quarter in the previous year, the company posted $2.22 earnings per share. Microsoft’s revenue for the quarter was up 7.1% compared to the same quarter last year. As a group, sell-side analysts forecast that Microsoft Co. will post 9.41 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The company 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 of this dividend is Wednesday, May 17th. This represents a $2.72 dividend on an annualized basis and a yield of 0.89%. Microsoft’s payout ratio is 29.47%.

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.