JMG Financial Group Ltd. Boosts Holdings in Microsoft Co. (NASDAQ:MSFT)

Posted by Defense World Staff on Jun 30th, 2023

JMG Financial Group Ltd. grew its position in shares of Microsoft Co. (NASDAQ:MSFT – Free Report) by 161.5% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,186 shares of the software giant’s stock after purchasing an additional 3,203 shares during the period. JMG Financial Group Ltd.’s holdings in Microsoft were worth $1,495,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in MSFT. Monumental Financial Group Inc. acquired a new stake in shares of Microsoft during the first quarter worth approximately $28,000. Iron Horse Wealth Management LLC acquired a new stake in shares of Microsoft during the fourth quarter worth approximately $26,000. Hanseatic Management Services Inc. grew its position in shares of Microsoft by 71.4% during the third quarter. Hanseatic Management Services Inc. now owns 132 shares of the software giant’s stock worth $31,000 after buying an additional 55 shares in the last quarter. Retirement Financial Solutions LLC acquired a new stake in shares of Microsoft during the fourth quarter worth approximately $40,000. Finally, PayPay Securities Corp acquired a new position in Microsoft in the fourth quarter worth $54,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Jefferies Financial Group 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. Raymond James lifted their price objective on shares of Microsoft from $310.00 to $320.00 and gave the stock an “outperform” rating in a report on Wednesday, April 26th. Stifel Nicolaus lifted their price objective on shares of Microsoft from $310.00 to $320.00 and gave the stock a “buy” rating in a report on Wednesday, April 26th. Wells Fargo & Company lifted their price objective on shares of Microsoft from $365.00 to $380.00 in a report on Thursday, June 22nd. Finally, Wedbush boosted their price target on shares of Microsoft from $340.00 to $375.00 in a report on Tuesday, May 30th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and thirty-one have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $333.18.

Insider Buying and Selling at Microsoft

In other Microsoft news, Director Teri List sold 1,250 shares of Microsoft stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $334.77, for a total transaction of $418,462.50. Following the transaction, the director now owns 874 shares of the company’s stock, valued at approximately $292,588.98. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CMO Christopher C. Capossela sold 5,000 shares of the business’s stock in a transaction that occurred 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 owns 110,206 shares of the company’s stock, valued at approximately $34,169,370.30. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Teri List sold 1,250 shares of the business’s stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of $334.77, for a total value of $418,462.50. Following the completion of the sale, the director now directly owns 874 shares of the company’s stock, valued at approximately $292,588.98. The disclosure for this sale can be found here. Insiders have sold a total of 51,331 shares of company stock valued at $15,867,278 in the last 90 days. 0.03% of the stock is currently owned by corporate insiders.

Microsoft Price Performance

NASDAQ MSFT opened at $335.05 on Friday. The stock’s 50-day moving average price is $320.64 and its two-hundred day moving average price is $279.62. 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 company has a market cap of $2.49 trillion, a PE ratio of 36.30, a PEG ratio of 2.92 and a beta of 0.93. Microsoft Co. has a 1 year low of $213.43 and a 1 year high of $351.47.

Microsoft (NASDAQ:MSFT – Free Report) last released its earnings results 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 analysts’ expectations of $51.01 billion. During the same quarter in the previous year, the business posted $2.22 EPS. The business’s revenue for the quarter was up 7.1% on a year-over-year basis. On average, analysts predict that Microsoft Co. will post 9.64 EPS for the current year.

Microsoft Dividend Announcement

The firm also recently announced 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. The ex-dividend date is Wednesday, August 16th. This represents a $2.72 annualized dividend and a yield of 0.81%. Microsoft’s dividend payout ratio (DPR) is presently 29.47%.

About Microsoft

(Free Report)

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.