Signature Resources Capital Management LLC Acquires 31 Shares of Microsoft Co. (NASDAQ:MSFT)

Signature Resources Capital Management LLC grew its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 1.1% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,801 shares of the software giant’s stock after buying an additional 31 shares during the period. Microsoft makes up 1.0% of Signature Resources Capital Management LLC’s investment portfolio, making the stock its 14th largest holding. Signature Resources Capital Management LLC’s holdings in Microsoft were worth $1,252,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of MSFT. Bayesian Capital Management LP lifted its holdings in shares of Microsoft by 60.1% in the 4th quarter. Bayesian Capital Management LP now owns 48,500 shares of the software giant’s stock worth $18,238,000 after purchasing an additional 18,200 shares in the last quarter. Warren Street Wealth Advisors LLC lifted its holdings in shares of Microsoft by 16.5% in the 4th quarter. Warren Street Wealth Advisors LLC now owns 6,767 shares of the software giant’s stock worth $2,545,000 after purchasing an additional 956 shares in the last quarter. Czech National Bank lifted its holdings in shares of Microsoft by 0.4% in the 1st quarter. Czech National Bank now owns 1,307,487 shares of the software giant’s stock worth $550,086,000 after purchasing an additional 5,253 shares in the last quarter. True Link Financial Advisors LLC lifted its holdings in shares of Microsoft by 296.7% in the 1st quarter. True Link Financial Advisors LLC now owns 3,027 shares of the software giant’s stock worth $1,274,000 after purchasing an additional 2,264 shares in the last quarter. Finally, United Advisor Group LLC bought a new position in shares of Microsoft in the 4th quarter worth $9,538,000. 71.13% of the stock is currently owned by institutional investors.

Microsoft Stock Performance

Shares of NASDAQ MSFT opened at $431.34 on Tuesday. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.16. The stock’s 50-day moving average is $422.80 and its 200 day moving average is $423.60. The stock has a market cap of $3.21 trillion, a price-to-earnings ratio of 37.35, a P/E/G ratio of 2.14 and a beta of 0.90. Microsoft Co. has a 1-year low of $309.45 and a 1-year high of $468.35.

Microsoft (NASDAQ:MSFT) last posted its earnings results on Tuesday, July 30th. The software giant reported $2.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.90 by $0.05. Microsoft had a return on equity of 35.95% and a net margin of 35.96%. The firm had revenue of $64.73 billion for the quarter, compared to analysts’ expectations of $64.38 billion. During the same period in the previous year, the firm earned $2.69 earnings per share. The business’s revenue was up 15.2% compared to the same quarter last year. On average, sell-side analysts anticipate that Microsoft Co. will post 13.04 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on MSFT. New Street Research began coverage on Microsoft in a report on Monday, June 10th. They issued a “buy” rating and a $570.00 target price on the stock. UBS Group decreased their target price on Microsoft from $520.00 to $510.00 and set a “buy” rating for the company in a research report on Wednesday, July 31st. Royal Bank of Canada reaffirmed an “outperform” rating and set a $500.00 target price on shares of Microsoft in a research report on Wednesday, July 31st. Mizuho increased their price target on Microsoft from $450.00 to $480.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 16th. Finally, Morgan Stanley cut their target price on Microsoft from $520.00 to $506.00 and set an “overweight” rating for the company in a research note on Wednesday, July 31st. Two investment analysts have rated the stock with a hold rating and thirty-two have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $494.72.

Insider Activity at Microsoft

In related news, CMO Takeshi Numoto sold 2,500 shares of Microsoft stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $411.04, for a total transaction of $1,027,600.00. Following the sale, the chief marketing officer now directly owns 50,000 shares in the company, valued at $20,552,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Satya Nadella sold 14,398 shares of the company’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $417.41, for a total transaction of $6,009,869.18. Following the completion of the sale, the chief executive officer now owns 786,933 shares in the company, valued at $328,473,703.53. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CMO Takeshi Numoto sold 2,500 shares of the company’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $411.04, for a total value of $1,027,600.00. Following the sale, the chief marketing officer now owns 50,000 shares of the company’s stock, valued at approximately $20,552,000. The disclosure for this sale can be found here. Insiders have sold 190,629 shares of company stock worth $77,916,485 over the last ninety days. 0.03% of the stock is owned by corporate insiders.

About Microsoft

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.