Thompson Davis & CO. Inc. Boosts Stock Position in Microsoft Co. (NASDAQ:MSFT)

Posted by Defense World Staff on Sep 28th, 2023

Thompson Davis & CO. Inc. lifted its holdings in Microsoft Co. (NASDAQ:MSFT – Free Report) by 4.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,269 shares of the software giant’s stock after purchasing an additional 54 shares during the quarter. Thompson Davis & CO. Inc.’s holdings in Microsoft were worth $432,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of MSFT. Monumental Financial Group Inc. purchased a new position in Microsoft during the first quarter worth $28,000. Gleason Group Inc. boosted its stake in Microsoft by 111.7% during the first quarter. Gleason Group Inc. now owns 199 shares of the software giant’s stock worth $57,000 after buying an additional 105 shares during the period. Syverson Strege & Co boosted its stake in Microsoft by 157.0% during the first quarter. Syverson Strege & Co now owns 203 shares of the software giant’s stock worth $58,000 after buying an additional 124 shares during the period. MayTech Global Investments LLC purchased a new position in Microsoft during the fourth quarter worth $83,000. Finally, Beutel Goodman & Co Ltd. boosted its stake in Microsoft by 57.5% during the third quarter. Beutel Goodman & Co Ltd. now owns 411 shares of the software giant’s stock worth $95,000 after buying an additional 150 shares during the period. 69.20% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Microsoft

In other news, EVP Kathleen T. Hogan sold 26,815 shares of the firm’s stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $327.37, for a total transaction of $8,778,426.55. Following the sale, the executive vice president now owns 198,373 shares of the company’s stock, valued at approximately $64,941,369.01. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, EVP Kathleen T. Hogan sold 26,815 shares of Microsoft stock in a transaction on Friday, September 1st. The shares were sold at an average price of $327.37, for a total value of $8,778,426.55. Following the sale, the executive vice president now owns 198,373 shares of the company’s stock, valued at approximately $64,941,369.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Satya Nadella sold 38,234 shares of Microsoft stock in a transaction on Friday, September 1st. The shares were sold at an average price of $328.43, for a total transaction of $12,557,192.62. Following the completion of the sale, the chief executive officer now directly owns 800,668 shares in the company, valued at approximately $262,963,391.24. The disclosure for this sale can be found here. Insiders have sold 115,049 shares of company stock valued at $38,195,619 in the last 90 days. 0.03% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on MSFT. TD Cowen boosted their target price on shares of Microsoft from $330.00 to $390.00 and gave the company an “outperform” rating in a research note on Wednesday, July 19th. Guggenheim raised shares of Microsoft from a “sell” rating to a “neutral” rating in a research note on Monday. DA Davidson boosted their target price on shares of Microsoft from $350.00 to $415.00 in a research note on Friday, July 21st. Fundamental Research set a $298.10 target price on shares of Microsoft and gave the company a “hold” rating in a research note on Wednesday, August 9th. Finally, BMO Capital Markets boosted their target price on shares of Microsoft from $385.00 to $400.00 and gave the company an “outperform” rating in a research note on Wednesday, July 26th. Five investment analysts have rated the stock with a hold rating and thirty-four have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $375.03.

Check Out Our Latest Research Report on Microsoft

Microsoft Price Performance

Shares of NASDAQ:MSFT opened at $312.79 on Thursday. Microsoft Co. has a twelve month low of $213.43 and a twelve month high of $366.78. The company’s 50 day moving average is $328.26 and its 200 day moving average is $317.27. The company has a current ratio of 1.77, a quick ratio of 1.75 and a debt-to-equity ratio of 0.20. The company has a market cap 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.

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

Microsoft Increases Dividend

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

Microsoft Profile

(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.