Ade LLC Boosts Stake in Microsoft Co. (NASDAQ:MSFT)

Posted by Defense World Staff on Apr 29th, 2023

Ade LLC raised its position in Microsoft Co. (NASDAQ:MSFT – Get Rating) by 1.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,625 shares of the software giant’s stock after purchasing an additional 75 shares during the quarter. Microsoft accounts for approximately 1.2% of Ade LLC’s holdings, making the stock its 21st biggest holding. Ade LLC’s holdings in Microsoft were worth $1,589,000 at the end of the most recent quarter.

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

Insider Buying and Selling at Microsoft

In other Microsoft news, 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 completion of the transaction, the chief marketing officer now owns 116,362 shares of the company’s stock, valued at $31,687,699.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Satya Nadella sold 4,767 shares of Microsoft stock in a transaction dated 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 sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CMO Christopher C. Capossela sold 1,000 shares of Microsoft stock in a transaction dated Monday, February 13th. The shares were sold at an average price of $272.32, for a total transaction of $272,320.00. Following the completion of the sale, the chief marketing officer now owns 116,362 shares in the company, valued at approximately $31,687,699.84. The disclosure for this sale can be found here. Over the last quarter, insiders sold 6,767 shares of company stock valued at $1,728,111. Corporate insiders own 0.03% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on MSFT shares. Credit Suisse Group increased their price objective on shares of Microsoft from $285.00 to $350.00 and gave the company an “outperform” rating in a research note on Wednesday. Barclays increased their price objective on shares of Microsoft from $310.00 to $336.00 and gave the company an “overweight” rating in a research note on Wednesday. Stifel Nicolaus increased their price objective on shares of Microsoft from $310.00 to $320.00 and gave the company a “buy” rating in a research note on Wednesday. BNP Paribas downgraded shares of Microsoft from an “outperform” rating to a “neutral” rating and dropped their price objective for the company from $310.00 to $300.00 in a research note on Monday, April 24th. Finally, Raymond James increased their price objective on shares of Microsoft from $310.00 to $320.00 and gave the company an “outperform” rating in a research note on Wednesday. One analyst has rated the stock with a sell rating, three have issued a hold rating and thirty-three have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $322.88.

Microsoft Trading Up 0.8 %

Shares of Microsoft stock opened at $307.26 on Friday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.91 and a quick ratio of 1.89. The firm has a fifty day moving average price of $273.53 and a 200 day moving average price of $253.36. Microsoft Co. has a 1 year low of $213.43 and a 1 year high of $308.93. The stock has a market cap of $2.28 trillion, a PE ratio of 33.29, a price-to-earnings-growth ratio of 2.82 and a beta of 0.93.

Microsoft (NASDAQ:MSFT – Get Rating) last issued its earnings results on Tuesday, April 25th. The software giant reported $2.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.22 by $0.23. Microsoft had a net margin of 33.25% and a return on equity of 38.98%. The firm had revenue of $52.86 billion during the quarter, compared to analysts’ expectations of $51.01 billion. During the same quarter last year, the company posted $2.22 earnings per share. The firm’s revenue was up 7.1% compared to the same quarter last year. Equities research analysts predict that Microsoft Co. will post 9.41 earnings per share for the current year.

Microsoft Announces Dividend

The company also recently disclosed 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. 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.