Microsoft Co. (NASDAQ:MSFT) is Border to Coast Pensions Partnership Ltd’s 2nd Largest Position

Posted by Defense World Staff on Jun 2nd, 2023

Border to Coast Pensions Partnership Ltd lowered its stake in shares of Microsoft Co. (NASDAQ:MSFT – Get Rating) by 6.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 681,462 shares of the software giant’s stock after selling 45,000 shares during the period. Microsoft accounts for 5.2% of Border to Coast Pensions Partnership Ltd’s investment portfolio, making the stock its 2nd biggest holding. Border to Coast Pensions Partnership Ltd’s holdings in Microsoft were worth $163,428,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. DGS Capital Management LLC grew its stake in Microsoft by 19.9% in the 1st quarter. DGS Capital Management LLC now owns 14,342 shares of the software giant’s stock valued at $4,422,000 after buying an additional 2,383 shares in the last quarter. IFM Investors Pty Ltd grew its position in shares of Microsoft by 20.8% during the 1st quarter. IFM Investors Pty Ltd now owns 1,138,469 shares of the software giant’s stock valued at $351,001,000 after purchasing an additional 196,338 shares in the last quarter. Altus Wealth Group LLC grew its position in shares of Microsoft by 1.2% during the 1st quarter. Altus Wealth Group LLC now owns 12,712 shares of the software giant’s stock valued at $3,919,000 after purchasing an additional 152 shares in the last quarter. Powell Investment Advisors LLC grew its position in shares of Microsoft by 16.2% during the 1st quarter. Powell Investment Advisors LLC now owns 2,578 shares of the software giant’s stock valued at $795,000 after purchasing an additional 359 shares in the last quarter. Finally, Onyx Bridge Wealth Group LLC grew its position in shares of Microsoft by 8.2% during the 1st quarter. Onyx Bridge Wealth Group LLC now owns 6,782 shares of the software giant’s stock valued at $1,921,000 after purchasing an additional 512 shares in the last quarter. Hedge funds and other institutional investors own 69.15% of the company’s stock.

Microsoft Price Performance

Shares of MSFT opened at $332.58 on Friday. The firm’s 50-day simple moving average is $300.91 and its two-hundred day simple moving average is $267.26. The stock has a market cap of $2.47 trillion, a PE ratio of 36.03, a price-to-earnings-growth ratio of 2.94 and a beta of 0.93. Microsoft Co. has a fifty-two week low of $213.43 and a fifty-two week high of $335.94. 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 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. The firm had revenue of $52.86 billion for the quarter, compared to the consensus estimate of $51.01 billion. Microsoft had a net margin of 33.25% and a return on equity of 38.98%. The business’s revenue was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.22 earnings per share. Analysts anticipate that Microsoft Co. will post 9.66 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 8th. 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 0.82%. Microsoft’s dividend payout ratio (DPR) is 29.47%.

Analyst Ratings Changes

A number of research firms have recently commented on MSFT. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Microsoft from $340.00 to $380.00 in a research report on Tuesday. DA Davidson lifted their price objective on shares of Microsoft from $325.00 to $350.00 and gave the stock a “buy” rating in a report on Wednesday, April 26th. Wolfe Research lifted their price objective on shares of Microsoft from $330.00 to $350.00 and gave the stock an “outperform” rating in a report on Wednesday, April 26th. Piper Sandler lifted their price objective on shares of Microsoft from $348.00 to $400.00 in a report on Wednesday. Finally, Barclays lifted their price objective on shares of Microsoft from $310.00 to $336.00 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 assigned a hold rating and thirty-two have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $329.01.

Insiders Place Their Bets

In other news, CMO Christopher C. Capossela sold 5,000 shares of the stock in a transaction on Thursday, May 18th. The shares were sold at an average price of $316.87, for a total value of $1,584,350.00. Following the completion of the sale, the chief marketing officer now directly owns 89,328 shares of the company’s stock, valued at $28,305,363.36. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, CMO Christopher C. Capossela sold 5,000 shares of the firm’s stock in a transaction dated Thursday, May 18th. The shares were sold at an average price of $316.87, for a total value of $1,584,350.00. Following the completion of the sale, the chief marketing officer now owns 89,328 shares in the company, valued at approximately $28,305,363.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CMO Christopher C. Capossela sold 5,081 shares of Microsoft stock in a transaction dated Tuesday, May 16th. The shares were sold at an average price of $312.54, for a total transaction of $1,588,015.74. Following the sale, the chief marketing officer now owns 94,328 shares of the company’s stock, valued at approximately $29,481,273.12. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 50,081 shares of company stock worth $15,448,816. Company insiders own 0.03% of the company’s stock.

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.