Microsoft Co. (NASDAQ:MSFT) Stock Holdings Raised by Prosperity Consulting Group LLC

Posted by on Jun 3rd, 2023

Prosperity Consulting Group LLC increased its position in Microsoft Co. (NASDAQ:MSFT – Get Rating) by 2.5% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 13,190 shares of the software giant’s stock after purchasing an additional 320 shares during the period. Microsoft accounts for about 2.1% of Prosperity Consulting Group LLC’s investment portfolio, making the stock its 12th biggest holding. Prosperity Consulting Group LLC’s holdings in Microsoft were worth $3,163,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in Microsoft by 1.0% during the 3rd quarter. Vanguard Group Inc. now owns 634,238,715 shares of the software giant’s stock worth $147,714,197,000 after buying an additional 6,129,708 shares during the last quarter. State Street Corp lifted its holdings in shares of Microsoft by 0.7% in the 3rd quarter. State Street Corp now owns 295,509,547 shares of the software giant’s stock worth $68,824,173,000 after purchasing an additional 1,951,554 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Microsoft by 0.3% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 195,859,819 shares of the software giant’s stock worth $50,302,677,000 after purchasing an additional 556,020 shares during the last quarter. Alliancebernstein L.P. lifted its holdings in shares of Microsoft by 0.4% in the 3rd quarter. Alliancebernstein L.P. now owns 49,440,386 shares of the software giant’s stock worth $11,514,665,000 after purchasing an additional 208,765 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its holdings in shares of Microsoft by 0.5% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 40,345,546 shares of the software giant’s stock worth $9,396,477,000 after purchasing an additional 215,103 shares during the last quarter. Institutional investors own 69.15% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on MSFT. Wells Fargo & Company lifted their target price on Microsoft from $320.00 to $345.00 and gave the company an “overweight” rating in a research note on Wednesday, April 26th. Credit Suisse Group lifted their price target on Microsoft from $350.00 to $420.00 in a research report on Wednesday. BNP Paribas cut Microsoft from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $310.00 to $300.00 in a research report on Monday, April 24th. Barclays lifted their target price on Microsoft from $310.00 to $336.00 and gave the stock an “overweight” rating in a report on Wednesday, April 26th. Finally, Atlantic Securities lifted their target price on Microsoft from $290.00 to $330.00 and gave the stock an “overweight” rating in a report on Wednesday, April 26th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and thirty-two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Microsoft has an average rating of “Moderate Buy” and an average price target of $330.72.

Insider Buying and Selling at Microsoft

In other news, CMO Christopher C. Capossela sold 5,000 shares of the firm’s stock in a transaction on Friday, May 5th. The stock was sold at an average price of $310.05, for a total value of $1,550,250.00. Following the completion of the sale, the chief marketing officer now directly owns 110,206 shares in the company, valued at $34,169,370.30. The sale was disclosed in a filing with the SEC, which is accessible through this link. In related news, EVP Judson Althoff sold 30,000 shares of Microsoft stock in a transaction dated Monday, May 1st. The stock was sold at an average price of $306.09, for a total value of $9,182,700.00. Following the completion of the transaction, the executive vice president now directly owns 117,456 shares of the company’s stock, valued at $35,952,107.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CMO Christopher C. Capossela sold 5,000 shares of Microsoft stock in a transaction dated Friday, May 5th. The shares were sold at an average price of $310.05, for a total value of $1,550,250.00. Following the completion of the transaction, the chief marketing officer now directly owns 110,206 shares of the company’s stock, valued at $34,169,370.30. The disclosure for this sale can be found here. In the last quarter, insiders sold 50,081 shares of company stock worth $15,448,816. 0.03% of the stock is currently owned by insiders.

Microsoft Trading Up 0.8 %

MSFT stock opened at $335.40 on Friday. Microsoft Co. has a 1-year low of $213.43 and a 1-year high of $337.50. The firm has a market cap of $2.49 trillion, a P/E ratio of 36.34, a P/E/G ratio of 2.92 and a beta of 0.93. The business’s 50 day moving average is $302.01 and its 200-day moving average is $267.91. The company has a current ratio of 1.91, a quick ratio of 1.88 and a debt-to-equity ratio of 0.22.

Microsoft (NASDAQ:MSFT – Get Rating) last released its quarterly earnings data on Tuesday, April 25th. The software giant reported $2.45 earnings per share for the quarter, beating the consensus estimate of $2.22 by $0.23. Microsoft had a return on equity of 38.98% and a net margin of 33.25%. The company had revenue of $52.86 billion for the quarter, compared to analyst estimates of $51.01 billion. During the same period in the prior year, the company posted $2.22 EPS. The company’s revenue was up 7.1% compared to the same quarter last year. Equities analysts anticipate that Microsoft Co. will post 9.66 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 8th. Investors of record on Thursday, May 18th will be issued 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 0.81%. Microsoft’s dividend payout ratio is 29.47%.

Microsoft Company Profile

(Get Rating)

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.

Featured Articles

Want to see what other hedge funds are holding MSFT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Microsoft Co. (NASDAQ:MSFT – Get Rating).

Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

Receive News & Ratings for Microsoft Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Microsoft and related companies with MarketBeat.com's FREE daily email newsletter.