Microsoft Co. (NASDAQ:MSFT) Shares Acquired by Sandy Cove Advisors LLC

Sandy Cove Advisors LLC lifted its position in shares of Microsoft Co. (NASDAQ:MSFT) by 6.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,516 shares of the software giant’s stock after acquiring an additional 847 shares during the period. Microsoft comprises approximately 2.2% of Sandy Cove Advisors LLC’s holdings, making the stock its 13th largest holding. Sandy Cove Advisors LLC’s holdings in Microsoft were worth $5,697,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Net Worth Advisory Group bought a new position in shares of Microsoft in the third quarter worth $2,645,000. Oak Ridge Investments LLC boosted its position in shares of Microsoft by 7.6% in the 3rd quarter. Oak Ridge Investments LLC now owns 263,534 shares of the software giant’s stock valued at $113,399,000 after purchasing an additional 18,544 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in Microsoft by 1.6% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,975,200 shares of the software giant’s stock worth $882,816,000 after acquiring an additional 31,401 shares in the last quarter. Jacobs & Co. CA lifted its stake in Microsoft by 0.9% in the 3rd quarter. Jacobs & Co. CA now owns 96,021 shares of the software giant’s stock worth $41,318,000 after acquiring an additional 880 shares in the last quarter. Finally, Focus Financial Network Inc. lifted its stake in Microsoft by 2.0% in the 3rd quarter. Focus Financial Network Inc. now owns 76,296 shares of the software giant’s stock worth $32,830,000 after acquiring an additional 1,489 shares in the last quarter. 71.13% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CMO Takeshi Numoto sold 2,000 shares of the stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $437.32, for a total transaction of $874,640.00. Following the completion of the transaction, the chief marketing officer now directly owns 51,852 shares in the company, valued at $22,675,916.64. This represents a 3.71 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.03% of the company’s stock.

Microsoft Price Performance

Shares of NASDAQ MSFT opened at $388.49 on Tuesday. The firm has a market cap of $2.89 trillion, a PE ratio of 31.28, a PEG ratio of 2.21 and a beta of 0.90. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.13. Microsoft Co. has a 1-year low of $385.58 and a 1-year high of $468.35. The company has a fifty day moving average price of $419.75 and a 200 day moving average price of $422.59.

Microsoft (NASDAQ:MSFT) last announced its earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share for the quarter, topping analysts’ consensus estimates of $3.15 by $0.08. Microsoft had a net margin of 35.43% and a return on equity of 33.36%. During the same period last year, the firm posted $2.93 earnings per share. Research analysts predict that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

MSFT has been the subject of a number of recent research reports. Loop Capital raised their price target on Microsoft from $500.00 to $550.00 and gave the stock a “buy” rating in a research note on Monday, December 23rd. Morgan Stanley decreased their price objective on Microsoft from $540.00 to $530.00 and set an “overweight” rating on the stock in a report on Thursday, January 30th. UBS Group dropped their price objective on Microsoft from $525.00 to $510.00 and set a “buy” rating for the company in a research note on Thursday, January 30th. Cantor Fitzgerald reissued an “overweight” rating and issued a $509.00 target price on shares of Microsoft in a report on Wednesday, January 29th. Finally, Guggenheim reissued a “neutral” rating on shares of Microsoft in a report on Friday, January 24th. Four equities research analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $510.96.

Microsoft Profile

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.