Kovack Advisors Inc. Has $12.87 Million Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

Posted by Defense World Staff on Jun 17th, 2023

Kovack Advisors Inc. cut its position in shares of Microsoft Co. (NASDAQ:MSFT – Get Rating) by 7.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 53,672 shares of the software giant’s stock after selling 4,317 shares during the period. Microsoft makes up about 1.9% of Kovack Advisors Inc.’s portfolio, making the stock its 8th biggest holding. Kovack Advisors Inc.’s holdings in Microsoft were worth $12,872,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Tillman Hartley LLC bought a new position in Microsoft during the fourth quarter valued at approximately $1,862,000. IMS Capital Management boosted its stake in Microsoft by 1.5% during the fourth quarter. IMS Capital Management now owns 22,294 shares of the software giant’s stock valued at $5,347,000 after buying an additional 333 shares during the last quarter. DGS Capital Management LLC boosted its stake in Microsoft by 8.9% during the fourth quarter. DGS Capital Management LLC now owns 15,139 shares of the software giant’s stock valued at $3,631,000 after buying an additional 1,238 shares during the last quarter. Wallace Advisory Group LLC bought a new position in Microsoft during the fourth quarter valued at approximately $1,427,000. Finally, Ruedi Wealth Management Inc. bought a new position in Microsoft during the fourth quarter valued at approximately $434,000. 69.15% of the stock is owned by institutional investors.

Microsoft Stock Down 1.7 %

Shares of NASDAQ MSFT opened at $342.33 on Friday. The company has a current ratio of 1.91, a quick ratio of 1.88 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $2.55 trillion, a PE ratio of 37.09, a price-to-earnings-growth ratio of 3.00 and a beta of 0.93. The stock’s fifty day simple moving average is $311.86 and its two-hundred day simple moving average is $274.16. Microsoft Co. has a 12-month low of $213.43 and a 12-month high of $351.47.

Microsoft (NASDAQ:MSFT – Get Rating) last announced its earnings results 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. The business had revenue of $52.86 billion for the quarter, compared to analysts’ expectations of $51.01 billion. Microsoft had a return on equity of 38.98% and a net margin of 33.25%. The business’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter last year, the firm earned $2.22 EPS. As a group, analysts expect that Microsoft Co. will post 9.65 EPS for the current fiscal year.

Microsoft Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 14th. Stockholders of record on Thursday, August 17th will be given a $0.68 dividend. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 0.79%. Microsoft’s payout ratio is 29.47%.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. UBS Group increased their price target on Microsoft from $275.00 to $300.00 and gave the company a “neutral” rating in a research note on Wednesday, April 26th. KeyCorp upped their price objective on Microsoft from $316.00 to $335.00 and gave the company an “overweight” rating in a research report on Thursday, April 20th. Rosenblatt Securities upped their price objective on Microsoft from $275.00 to $310.00 and gave the company a “buy” rating in a research report on Wednesday, April 26th. 888 restated a “maintains” rating on shares of Microsoft in a research report on Wednesday, April 26th. Finally, Moffett Nathanson upped their price objective on Microsoft from $263.00 to $306.00 and gave the company a “market perform” 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 given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $333.23.

Insider Transactions at Microsoft

In other news, EVP Judson Althoff sold 30,000 shares of the firm’s stock in a transaction on 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 sale, the executive vice president now owns 117,456 shares of the company’s stock, valued at approximately $35,952,107.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CMO Christopher C. Capossela sold 5,081 shares of the firm’s stock in a transaction on Tuesday, May 16th. The stock was sold at an average price of $312.54, for a total value of $1,588,015.74. Following the completion of the sale, the chief marketing officer now owns 94,328 shares of the company’s stock, valued at approximately $29,481,273.12. The transaction 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 firm’s stock in a transaction on 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 sale, the executive vice president now directly owns 117,456 shares of the company’s stock, valued at approximately $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 in the last quarter. 0.03% of the stock is currently owned by corporate insiders.

Microsoft Company 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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