125,168 Shares in Microsoft Co. (NASDAQ:MSFT) Purchased by Avala Global LP

Posted by on Jun 14th, 2023

Avala Global LP purchased a new position in Microsoft Co. (NASDAQ:MSFT – Get Rating) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 125,168 shares of the software giant’s stock, valued at approximately $30,018,000. Microsoft makes up 10.9% of Avala Global LP’s portfolio, making the stock its 5th biggest holding.

Several other institutional investors also recently modified their holdings of MSFT. Iron Horse Wealth Management LLC purchased a new stake in Microsoft during the 4th quarter valued at about $26,000. Monumental Financial Group Inc. purchased a new stake in shares of Microsoft during the 1st quarter valued at about $28,000. Hanseatic Management Services Inc. boosted its holdings in shares of Microsoft by 71.4% during the 3rd quarter. Hanseatic Management Services Inc. now owns 132 shares of the software giant’s stock valued at $31,000 after acquiring an additional 55 shares during the last quarter. Retirement Financial Solutions LLC purchased a new stake in shares of Microsoft during the 4th quarter valued at about $40,000. Finally, PayPay Securities Corp purchased a new stake in shares of Microsoft during the 4th quarter valued at about $54,000. 69.15% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on MSFT shares. Citigroup raised their price target on shares of Microsoft from $332.00 to $340.00 in a report on Wednesday, April 26th. Atlantic Securities raised their price target on shares of Microsoft from $290.00 to $330.00 and gave the company an “overweight” rating in a report on Wednesday, April 26th. Evercore ISI raised their price objective on shares of Microsoft from $337.00 to $400.00 in a report on Friday, June 2nd. Sanford C. Bernstein raised their price objective on shares of Microsoft from $280.00 to $322.00 in a report on Monday, April 24th. Finally, Royal Bank of Canada raised their price objective on shares of Microsoft from $285.00 to $350.00 and gave the stock an “outperform” rating in a report on Wednesday, April 26th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and thirty-two have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $331.74.

Insiders Place Their Bets

In other Microsoft news, EVP Judson Althoff sold 30,000 shares of Microsoft stock in a transaction on Monday, May 1st. The shares were sold at an average price of $306.09, for a total transaction 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 legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CMO Christopher C. Capossela sold 5,000 shares of the business’s stock in a transaction on Tuesday, May 9th. The shares were sold at an average price of $308.70, for a total transaction of $1,543,500.00. Following the completion of the sale, the chief marketing officer now directly owns 105,206 shares of the company’s stock, valued at $32,477,092.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Judson Althoff sold 30,000 shares of the business’s stock in a transaction on Monday, May 1st. The shares were sold at an average price of $306.09, for a total transaction of $9,182,700.00. Following the sale, the executive vice president now directly owns 117,456 shares of the company’s stock, valued at $35,952,107.04. The disclosure for this sale can be found here. Insiders sold 51,331 shares of company stock valued at $15,867,278 over the last three months. 0.03% of the stock is owned by company insiders.

Microsoft Trading Up 0.7 %

MSFT stock opened at $334.29 on Wednesday. The firm has a fifty day moving average price of $308.65 and a 200 day moving average price of $272.49. Microsoft Co. has a fifty-two week low of $213.43 and a fifty-two week high of $338.56. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.88 and a current ratio of 1.91. The firm has a market cap of $2.49 trillion, a PE ratio of 36.22, a price-to-earnings-growth ratio of 2.90 and a beta of 0.93.

Microsoft (NASDAQ:MSFT – Get Rating) last posted its earnings results on Tuesday, April 25th. The software giant reported $2.45 earnings per share for the quarter, beating analysts’ consensus estimates of $2.22 by $0.23. The firm had revenue of $52.86 billion during the quarter, compared to analyst estimates of $51.01 billion. Microsoft had a net margin of 33.25% and a return on equity of 38.98%. Microsoft’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period last year, the firm posted $2.22 earnings per share. Sell-side analysts anticipate that Microsoft Co. will post 9.65 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 14th. Shareholders of record on Thursday, August 17th will be paid a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a yield of 0.81%. The ex-dividend date is Wednesday, August 16th. Microsoft’s payout ratio is 29.47%.

Microsoft Profile

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Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. The company operates in three segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. The Productivity and Business Processes segment offers Office, Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, Microsoft Viva, and Skype for Business; Skype, Outlook.com, OneDrive, and LinkedIn; and Dynamics 365, a set of cloud-based and on-premises business solutions for organizations and enterprise divisions.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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