Stoneridge Investment Partners LLC Purchases 3,209 Shares of Microsoft Co. (NASDAQ:MSFT)

Posted by Defense World Staff on May 21st, 2023

Stoneridge Investment Partners LLC lifted its position in Microsoft Co. (NASDAQ:MSFT – Get Rating) by 6.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 51,909 shares of the software giant’s stock after acquiring an additional 3,209 shares during the period. Microsoft accounts for 6.9% of Stoneridge Investment Partners LLC’s holdings, making the stock its largest position. Stoneridge Investment Partners LLC’s holdings in Microsoft were worth $12,449,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in MSFT. Iron Horse Wealth Management LLC acquired a new position in Microsoft during the fourth quarter worth $26,000. Monumental Financial Group Inc. acquired a new position in Microsoft during the first quarter worth $28,000. Hanseatic Management Services Inc. boosted its stake in 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 during the last quarter. Retirement Financial Solutions LLC acquired a new position in Microsoft during the fourth quarter worth $40,000. Finally, PayPay Securities Corp purchased a new stake in Microsoft in the fourth quarter valued at $54,000. 69.15% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Guggenheim lifted their target price on Microsoft from $212.00 to $232.00 and gave the company a “sell” rating in a research report on Wednesday, April 26th. Sanford C. Bernstein lifted their target price on Microsoft from $280.00 to $322.00 in a research report on Monday, April 24th. Citigroup lifted their target price on Microsoft from $332.00 to $340.00 in a research report on Wednesday, April 26th. Moffett Nathanson lifted their target price on Microsoft from $263.00 to $306.00 and gave the company a “market perform” rating in a research report on Wednesday, April 26th. Finally, Mizuho lifted their target price on Microsoft from $315.00 to $325.00 and gave the company a “buy” rating in a research report on Wednesday, April 26th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and thirty-two have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $323.28.

Insider Buying and Selling at Microsoft

In other Microsoft news, EVP Judson Althoff sold 30,000 shares of the company’s stock in a transaction that occurred on Monday, May 1st. The stock was sold at an average price of $306.09, for a total transaction of $9,182,700.00. Following the completion of the sale, the executive vice president now directly owns 117,456 shares of the company’s stock, valued at approximately $35,952,107.04. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Microsoft news, EVP Judson Althoff sold 30,000 shares of the company’s stock in a transaction that occurred on Monday, May 1st. The stock was sold at an average price of $306.09, for a total transaction of $9,182,700.00. Following the completion of the sale, the executive vice president now directly owns 117,456 shares of the company’s stock, valued at approximately $35,952,107.04. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Satya Nadella sold 4,767 shares of the 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 transaction, the chief executive officer now directly owns 788,625 shares of the company’s stock, valued at $196,272,990. The disclosure for this sale can be found here. Insiders sold a total of 54,848 shares of company stock valued at $16,635,227 in the last ninety days. Insiders own 0.03% of the company’s stock.

Microsoft Stock Down 0.1 %

Shares of NASDAQ MSFT opened at $318.34 on Friday. The stock has a market cap of $2.37 trillion, a PE ratio of 34.49, a price-to-earnings-growth ratio of 2.83 and a beta of 0.93. The company has a quick ratio of 1.88, a current ratio of 1.91 and a debt-to-equity ratio of 0.22. Microsoft Co. has a 52-week low of $213.43 and a 52-week high of $319.04. The business has a 50-day moving average price of $290.86 and a 200 day moving average price of $261.38.

Microsoft (NASDAQ:MSFT – Get Rating) last announced its earnings results on Tuesday, April 25th. The software giant reported $2.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.22 by $0.23. The firm had revenue of $52.86 billion during the quarter, compared to analysts’ expectations of $51.01 billion. Microsoft had a return on equity of 38.98% and a net margin of 33.25%. The business’s revenue was up 7.1% on a year-over-year basis. During the same period in the prior year, the firm earned $2.22 EPS. Equities research analysts forecast that Microsoft Co. will post 9.66 earnings per share for the current year.

Microsoft Dividend Announcement

The business also recently disclosed 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. This represents a $2.72 annualized dividend and a yield of 0.85%. The ex-dividend date is Wednesday, May 17th. Microsoft’s dividend payout ratio is presently 29.47%.

Microsoft Profile

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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.