Legacy Advisors LLC Acquires 5,427 Shares of Microsoft Co. (NASDAQ:MSFT)

Posted by Defense World Staff on May 10th, 2023

Legacy Advisors LLC lifted its stake in shares of Microsoft Co. (NASDAQ:MSFT – Get Rating) by 18.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 34,599 shares of the software giant’s stock after acquiring an additional 5,427 shares during the quarter. Microsoft accounts for 1.5% of Legacy Advisors LLC’s portfolio, making the stock its 8th largest holding. Legacy Advisors LLC’s holdings in Microsoft were worth $8,297,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of the stock. CBIZ Investment Advisory Services LLC boosted its position in Microsoft by 38.0% during the fourth quarter. CBIZ Investment Advisory Services LLC now owns 4,818 shares of the software giant’s stock worth $1,155,000 after purchasing an additional 1,326 shares during the period. Meredith Wealth Planning bought a new stake in Microsoft in the fourth quarter valued at $724,000. Marshall Financial Group LLC grew its position in Microsoft by 3.2% in the fourth quarter. Marshall Financial Group LLC now owns 10,241 shares of the software giant’s stock valued at $2,456,000 after acquiring an additional 319 shares during the period. Sage Mountain Advisors LLC grew its position in Microsoft by 6.4% in the fourth quarter. Sage Mountain Advisors LLC now owns 13,880 shares of the software giant’s stock valued at $3,329,000 after acquiring an additional 832 shares during the period. Finally, Rainsberger Wealth Advisors Inc. grew its holdings in shares of Microsoft by 5.7% during the fourth quarter. Rainsberger Wealth Advisors Inc. now owns 3,656 shares of the software giant’s stock worth $877,000 after purchasing an additional 198 shares during the last quarter. 69.15% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have weighed in on MSFT. Rosenblatt Securities increased their target price on Microsoft from $275.00 to $310.00 and gave the company a “buy” rating in a research note on Wednesday, April 26th. StockNews.com upgraded Microsoft from a “hold” rating to a “buy” rating in a research note on Thursday, April 27th. Cowen dropped their price objective on Microsoft from $285.00 to $280.00 and set an “outperform” rating for the company in a report on Thursday, January 19th. JPMorgan Chase & Co. boosted their price objective on Microsoft from $305.00 to $315.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 26th. Finally, DA Davidson upped their price target on Microsoft from $325.00 to $350.00 and gave the company a “buy” rating in a research 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 stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $322.88.

Microsoft Trading Down 0.5 %

Microsoft stock opened at $307.00 on Wednesday. The firm’s 50-day moving average is $281.16 and its 200-day moving average is $257.23. 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 Co. has a 1 year low of $213.43 and a 1 year high of $311.97. The company has a market cap of $2.28 trillion, a P/E ratio of 33.26, a PEG ratio of 2.77 and a beta of 0.93.

Microsoft (NASDAQ:MSFT – Get Rating) last released its earnings results on Tuesday, April 25th. The software giant reported $2.45 EPS for the quarter, beating the consensus estimate of $2.22 by $0.23. The firm had revenue of $52.86 billion for the quarter, compared to analysts’ expectations of $51.01 billion. Microsoft had a net margin of 33.25% and a return on equity of 38.98%. Microsoft’s quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter last year, the company earned $2.22 EPS. On average, equities analysts expect that Microsoft Co. will post 9.61 earnings per share for the current year.

Microsoft Announces Dividend

The business 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 dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 0.89%. The ex-dividend date of this dividend is Wednesday, May 17th. Microsoft’s dividend payout ratio is currently 29.47%.

Insider Activity at Microsoft

In other Microsoft news, CEO Satya Nadella sold 4,767 shares of Microsoft stock in a transaction on Tuesday, February 28th. The shares were 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 owns 788,625 shares in the company, valued at $196,272,990. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CMO Christopher C. Capossela sold 1,000 shares of the company’s stock in a transaction dated Monday, February 13th. The stock was sold at an average price of $272.32, for a total value of $272,320.00. Following the completion of 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Satya Nadella sold 4,767 shares of the business’s stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer now owns 788,625 shares of the company’s stock, valued at $196,272,990. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 41,767 shares of company stock valued at $12,461,061. 0.03% of the stock is currently owned by corporate insiders.

Microsoft Company 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.