Rise Advisors LLC Has $879,000 Position in Microsoft Co. (NASDAQ:MSFT)

Posted by Defense World Staff on Mar 19th, 2023

Rise Advisors LLC reduced its position in shares of Microsoft Co. (NASDAQ:MSFT – Get Rating) by 6.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,663 shares of the software giant’s stock after selling 273 shares during the period. Microsoft comprises about 0.7% of Rise Advisors LLC’s investment portfolio, making the stock its 20th largest holding. Rise Advisors LLC’s holdings in Microsoft were worth $879,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Walled Lake Planning & Wealth Management LLC boosted its holdings in shares of Microsoft by 0.5% in the 2nd quarter. Walled Lake Planning & Wealth Management LLC now owns 7,369 shares of the software giant’s stock valued at $1,893,000 after purchasing an additional 38 shares in the last quarter. Financial Advisors Network Inc. boosted its holdings in shares of Microsoft by 1.1% in the 2nd quarter. Financial Advisors Network Inc. now owns 3,482 shares of the software giant’s stock valued at $894,000 after purchasing an additional 39 shares in the last quarter. Donoghue Forlines LLC boosted its holdings in shares of Microsoft by 1.6% in the 2nd quarter. Donoghue Forlines LLC now owns 2,598 shares of the software giant’s stock valued at $667,000 after purchasing an additional 40 shares in the last quarter. Rovin Capital UT ADV boosted its holdings in shares of Microsoft by 1.1% in the 3rd quarter. Rovin Capital UT ADV now owns 3,747 shares of the software giant’s stock valued at $873,000 after purchasing an additional 40 shares in the last quarter. Finally, Fountainhead AM LLC boosted its holdings in shares of Microsoft by 1.0% during the 2nd quarter. Fountainhead AM LLC now owns 4,196 shares of the software giant’s stock valued at $1,078,000 after acquiring an additional 41 shares in the last quarter. 69.15% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Microsoft

In other Microsoft news, CEO Satya Nadella sold 4,767 shares of Microsoft stock in a transaction dated Tuesday, February 28th. The stock was sold at an average price of $248.88, for a total transaction of $1,186,410.96. Following the completion of the transaction, the chief executive officer now owns 788,625 shares in the company, valued at approximately $196,272,990. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CMO Christopher C. Capossela sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, February 13th. The stock was sold at an average price of $272.32, for a total value of $272,320.00. Following the transaction, the chief marketing officer now owns 116,362 shares in the company, valued at approximately $31,687,699.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Satya Nadella sold 4,767 shares of the business’s stock in a transaction that occurred on Tuesday, February 28th. The stock was sold at an average price of $248.88, for a total value of $1,186,410.96. Following the completion of the transaction, the chief executive officer now owns 788,625 shares in the company, valued at approximately $196,272,990. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,767 shares of company stock worth $1,728,111. Insiders own 0.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on MSFT. Guggenheim downgraded Microsoft from a “neutral” rating to a “sell” rating and set a $212.00 price objective on the stock. in a report on Tuesday, January 17th. Mizuho raised their price objective on Microsoft from $300.00 to $315.00 and gave the company a “buy” rating in a report on Friday. Rosenblatt Securities cut their price objective on Microsoft from $285.00 to $275.00 and set a “buy” rating on the stock in a report on Thursday, January 26th. Piper Sandler raised their price objective on Microsoft from $247.00 to $290.00 and gave the company an “overweight” rating in a report on Wednesday, February 8th. Finally, BMO Capital Markets downgraded Microsoft from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $267.00 to $265.00 in a report on Wednesday, January 25th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, five have given a hold rating and twenty-seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $286.05.

Microsoft Stock Performance

Shares of MSFT opened at $279.43 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.93 and a quick ratio of 1.89. The stock has a 50-day moving average of $252.31 and a 200-day moving average of $245.43. The company has a market cap of $2.08 trillion, a PE ratio of 31.05, a P/E/G ratio of 2.44 and a beta of 0.92. Microsoft Co. has a one year low of $213.43 and a one year high of $315.95.

Microsoft (NASDAQ:MSFT – Get Rating) last issued its earnings results on Tuesday, January 24th. The software giant reported $2.32 EPS for the quarter, beating the consensus estimate of $2.27 by $0.05. The company had revenue of $52.75 billion during the quarter, compared to the consensus estimate of $53.17 billion. Microsoft had a return on equity of 39.87% and a net margin of 33.05%. The firm’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period last year, the business posted $2.48 EPS. On average, equities research analysts predict that Microsoft Co. will post 9.34 EPS for the current fiscal year.

Microsoft Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 8th. Shareholders of record on Thursday, May 18th will be paid a dividend of $0.68 per share. The ex-dividend date is Wednesday, May 17th. This represents a $2.72 dividend on an annualized basis and a yield of 0.97%. Microsoft’s dividend payout ratio (DPR) is currently 30.22%.

About Microsoft

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Microsoft Corp. engages in the development and support of software, services, devices, and solutions. It operates through the following business segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. The Productivity and Business Processes segment consists of Office Commercial (Office 365 subscriptions, the Office 365 portion of Microsoft 365 Commercial subscriptions, and Office licensed on-premises), Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, and Skype for Business, Office Consumer, including Microsoft 365 Consumer subscriptions, Office licensed on-premises, and other Office services, LinkedIn, including Talent Solutions, Marketing Solutions, Premium Subscriptions, Sales Solutions, and Learning Solutions, Dynamics business solutions, including Dynamics 365, comprising a set of intelligent, cloud-based applications across ERP, CRM, Customer Insights, Power Apps, and Power Automate, and on-premises ERP and CRM applications.