Marshall Financial Group LLC Raises Stock Position in Microsoft Co. (NASDAQ:MSFT)

Posted by Defense World Staff on May 10th, 2023

Marshall Financial Group LLC raised its stake in Microsoft Co. (NASDAQ:MSFT – Get Rating) by 3.2% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 10,241 shares of the software giant’s stock after purchasing an additional 319 shares during the period. Microsoft accounts for approximately 1.0% of Marshall Financial Group LLC’s holdings, making the stock its 25th biggest holding. Marshall Financial Group LLC’s holdings in Microsoft were worth $2,456,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. Iron Horse Wealth Management LLC acquired a new position in Microsoft during the fourth quarter worth $26,000. Monumental Financial Group Inc. bought a new position in shares of Microsoft in the first quarter valued at approximately $28,000. Hanseatic Management Services Inc. raised its position in Microsoft by 71.4% in the 3rd quarter. Hanseatic Management Services Inc. now owns 132 shares of the software giant’s stock worth $31,000 after purchasing an additional 55 shares during the last quarter. Retirement Financial Solutions LLC bought a new position in Microsoft in the 4th quarter worth approximately $40,000. Finally, Macroview Investment Management LLC acquired a new stake in Microsoft during the 4th quarter worth $61,000. Institutional investors own 69.15% of the company’s stock.

Microsoft Stock Performance

MSFT stock opened at $307.00 on Wednesday. The firm has a market cap of $2.28 trillion, a price-to-earnings ratio of 33.26, a PEG ratio of 2.77 and a beta of 0.93. The firm has a 50-day simple moving average of $281.16 and a two-hundred day simple moving average of $257.23. Microsoft Co. has a one year low of $213.43 and a one year high of $311.97. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.88 and a current ratio of 1.91.

Microsoft (NASDAQ:MSFT – Get Rating) last posted its quarterly earnings data on Tuesday, April 25th. The software giant reported $2.45 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to the consensus estimate of $51.01 billion. During the same quarter in the prior year, the company posted $2.22 earnings per share. The company’s revenue for the quarter was up 7.1% compared to the same quarter last year. On average, equities analysts forecast that Microsoft Co. will post 9.61 EPS for the current fiscal year.

Microsoft Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 6th. Investors 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 annualized dividend and a yield of 0.89%. Microsoft’s dividend payout ratio (DPR) is presently 29.47%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. BNP Paribas cut shares of Microsoft from an “outperform” rating to a “neutral” rating and cut their price objective for the company from $310.00 to $300.00 in a research report on Monday, April 24th. Wolfe Research increased their price target on shares of Microsoft from $330.00 to $350.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 26th. Barclays raised their price target on shares of Microsoft from $310.00 to $336.00 and gave the company an “overweight” rating in a research note on Wednesday, April 26th. KeyCorp increased their price objective on shares of Microsoft from $316.00 to $335.00 and gave the stock an “overweight” rating in a research report on Thursday, April 20th. Finally, Atlantic Securities raised their price target on shares of Microsoft from $290.00 to $330.00 and gave the stock an “overweight” rating in a report on Wednesday, April 26th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and thirty-two have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $322.88.

Insider Transactions at Microsoft

In other news, CMO Christopher C. Capossela sold 1,000 shares of the firm’s stock in a transaction that occurred 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 owns 116,362 shares of the company’s stock, valued at approximately $31,687,699.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CMO Christopher C. Capossela sold 5,000 shares of the stock in a transaction that occurred on Friday, May 5th. The stock was sold at an average price of $310.05, for a total transaction of $1,550,250.00. Following the transaction, the chief marketing officer now owns 110,206 shares in the company, valued at approximately $34,169,370.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CMO Christopher C. Capossela sold 1,000 shares of the stock in a transaction that occurred 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 transaction, 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. Insiders have sold 41,767 shares of company stock valued at $12,461,061 in the last 90 days. 0.03% of the stock is currently owned by company insiders.

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.