Addison Capital Co Has $4 Million Holdings in Microsoft Co. (NASDAQ:MSFT)

Posted by Defense World Staff on Jul 3rd, 2023

Addison Capital Co trimmed its position in shares of Microsoft Co. (NASDAQ:MSFT – Free Report) by 1.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 13,879 shares of the software giant’s stock after selling 212 shares during the period. Microsoft accounts for approximately 3.0% of Addison Capital Co’s portfolio, making the stock its 10th largest holding. Addison Capital Co’s holdings in Microsoft were worth $4,002,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. grew 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 valued at $147,714,197,000 after buying an additional 6,129,708 shares in the last quarter. State Street Corp boosted its position in shares of Microsoft by 0.7% in the third quarter. State Street Corp now owns 295,509,547 shares of the software giant’s stock valued at $68,824,173,000 after acquiring an additional 1,951,554 shares during the period. Price T Rowe Associates Inc. MD grew its stake in Microsoft by 0.3% during the second quarter. Price T Rowe Associates Inc. MD now owns 195,859,819 shares of the software giant’s stock valued at $50,302,677,000 after acquiring an additional 556,020 shares in the last quarter. Moneta Group Investment Advisors LLC increased its holdings in Microsoft by 112,158.6% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 150,187,424 shares of the software giant’s stock worth $36,017,948,000 after acquiring an additional 150,053,637 shares during the period. Finally, Geode Capital Management LLC lifted its stake in Microsoft by 2.3% in the 4th quarter. Geode Capital Management LLC now owns 142,731,177 shares of the software giant’s stock worth $34,172,705,000 after purchasing an additional 3,268,917 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors.

Microsoft Price Performance

Shares of NASDAQ:MSFT opened at $340.54 on Monday. The firm’s 50 day simple moving average is $321.74 and its two-hundred day simple moving average is $280.55. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.91 and a quick ratio of 1.88. The company has a market capitalization of $2.53 trillion, a P/E ratio of 36.89, a P/E/G ratio of 2.98 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 analysts’ consensus estimates of $2.22 by $0.23. The company had revenue of $52.86 billion for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.22 EPS. Research analysts expect that Microsoft Co. will post 9.64 EPS for the current fiscal year.

Microsoft Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 14th. Shareholders of record on Thursday, August 17th will be issued a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date of this dividend is Wednesday, August 16th. Microsoft’s dividend payout ratio (DPR) is currently 29.47%.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. The Goldman Sachs Group upped their price target on shares of Microsoft from $325.00 to $335.00 and gave the stock a “buy” rating in a report on Wednesday, April 26th. Stifel Nicolaus increased their price target on shares of Microsoft from $310.00 to $320.00 and gave the stock a “buy” rating in a report on Wednesday, April 26th. Moffett Nathanson lifted their price target on Microsoft from $263.00 to $306.00 and gave the stock a “market perform” rating in a research note on Wednesday, April 26th. KeyCorp upped their target price on Microsoft from $316.00 to $335.00 and gave the stock an “overweight” rating in a research note on Thursday, April 20th. Finally, Piper Sandler increased their target price on shares of Microsoft from $348.00 to $400.00 in a report on Wednesday, May 31st. One analyst has rated the stock with a sell rating, four have given a hold rating and thirty-one have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $333.18.

Insider Buying and Selling at Microsoft

In other Microsoft news, Director Teri List sold 1,250 shares of the stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of $334.77, for a total transaction 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 sale was disclosed in a legal filing with the SEC, which is available at this link. In other Microsoft news, Director Teri List sold 1,250 shares of the stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $334.77, for a total transaction of $418,462.50. Following the completion of 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CMO Christopher C. Capossela sold 5,000 shares of Microsoft stock in a transaction dated Thursday, May 18th. The stock was 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 in the company, valued at $28,305,363.36. The disclosure for this sale can be found here. Insiders sold a total of 51,331 shares of company stock valued at $15,867,278 in the last three months. 0.03% of the stock is currently owned by corporate insiders.

Microsoft Profile

(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.