Presidio Capital Management LLC Increases Stake in Microsoft Co. (NASDAQ:MSFT)

Posted by Defense World Staff on Sep 28th, 2023

Presidio Capital Management LLC raised its position in Microsoft Co. (NASDAQ:MSFT – Free Report) by 48.3% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 2,818 shares of the software giant’s stock after purchasing an additional 918 shares during the period. Microsoft accounts for approximately 0.8% of Presidio Capital Management LLC’s portfolio, making the stock its 18th biggest holding. Presidio Capital Management LLC’s holdings in Microsoft were worth $960,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in Microsoft by 1.0% in 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 purchasing an additional 6,129,708 shares during the last quarter. State Street Corp boosted its holdings in Microsoft by 0.7% in the 3rd quarter. State Street Corp now owns 295,509,547 shares of the software giant’s stock valued at $68,824,173,000 after purchasing an additional 1,951,554 shares during the last quarter. FMR LLC boosted its holdings in Microsoft by 0.8% in the 1st quarter. FMR LLC now owns 200,523,373 shares of the software giant’s stock valued at $57,810,889,000 after purchasing an additional 1,537,712 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 acquiring an additional 556,020 shares during the last quarter. Finally, Moneta Group Investment Advisors LLC lifted its holdings in shares of Microsoft by 112,158.6% in 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 last quarter. Hedge funds and other institutional investors own 69.20% of the company’s stock.

Microsoft Stock Up 0.2 %

MSFT stock opened at $312.79 on Thursday. Microsoft Co. has a one year low of $213.43 and a one year high of $366.78. The stock has a market capitalization of $2.32 trillion, a PE ratio of 32.28, a price-to-earnings-growth ratio of 2.34 and a beta of 0.90. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.75 and a current ratio of 1.77. The company has a fifty day moving average of $328.26 and a 200-day moving average of $317.27.

Microsoft (NASDAQ:MSFT – Get Free Report) last released its earnings results on Tuesday, July 25th. The software giant reported $2.69 EPS for the quarter, topping the consensus estimate of $2.55 by $0.14. Microsoft had a net margin of 34.15% and a return on equity of 38.70%. The company had revenue of $56.19 billion during the quarter, compared to analysts’ expectations of $55.49 billion. During the same quarter last year, the business earned $2.23 EPS. The business’s revenue was up 8.3% on a year-over-year basis. As a group, analysts expect that Microsoft Co. will post 10.9 EPS for the current year.

Microsoft Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 14th. Stockholders of record on Thursday, November 16th will be paid a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 0.96%. The ex-dividend date of this dividend is Wednesday, November 15th. This is a boost from Microsoft’s previous quarterly dividend of $0.68. Microsoft’s dividend payout ratio (DPR) is 28.07%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on MSFT. Barclays upped their price objective on shares of Microsoft from $336.00 to $425.00 and gave the stock an “overweight” rating in a report on Wednesday, July 19th. Royal Bank of Canada restated an “outperform” rating and issued a $390.00 price objective on shares of Microsoft in a report on Friday, September 22nd. Citigroup restated a “buy” rating and issued a $420.00 price objective on shares of Microsoft in a report on Friday, September 22nd. Tigress Financial upped their target price on shares of Microsoft from $411.00 to $433.00 and gave the stock a “buy” rating in a research note on Wednesday, August 2nd. Finally, Argus upped their target price on shares of Microsoft from $371.00 to $390.00 and gave the stock a “buy” rating in a research note on Monday, July 31st. Five analysts have rated the stock with a hold rating and thirty-four have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $375.03.

Read Our Latest Stock Analysis on MSFT

Insider Activity

In other news, insider Bradford L. Smith sold 50,000 shares of the stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $337.20, for a total value of $16,860,000.00. Following the completion of the transaction, the insider now owns 588,084 shares in the company, valued at approximately $198,301,924.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Satya Nadella sold 38,234 shares of the stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $328.43, for a total value of $12,557,192.62. Following the completion of the transaction, the chief executive officer now owns 800,668 shares in the company, valued at approximately $262,963,391.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Bradford L. Smith sold 50,000 shares of the stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $337.20, for a total transaction of $16,860,000.00. Following the completion of the transaction, the insider now owns 588,084 shares of the company’s stock, valued at approximately $198,301,924.80. The disclosure for this sale can be found here. Insiders sold 115,049 shares of company stock worth $38,195,619 in the last 90 days. 0.03% of the stock is currently owned by corporate insiders.

About Microsoft

(Free Report)

Microsoft Corporation develops and supports software, services, devices and solutions worldwide. The Productivity and Business Processes segment offers office, exchange, SharePoint, Microsoft Teams, office 365 Security and Compliance, Microsoft viva, and Microsoft 365 copilot; and office consumer services, such as Microsoft 365 consumer subscriptions, Office licensed on-premises, and other office services.