Kaydan Wealth Management Inc. Sells 71 Shares of Microsoft Co. (NASDAQ:MSFT)

Kaydan Wealth Management Inc. lowered its position in Microsoft Co. (NASDAQ:MSFT) by 1.4% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 4,928 shares of the software giant’s stock after selling 71 shares during the quarter. Microsoft makes up about 0.7% of Kaydan Wealth Management Inc.’s investment portfolio, making the stock its 23rd largest position. Kaydan Wealth Management Inc.’s holdings in Microsoft were worth $2,077,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Grove Bank & Trust lifted its stake in Microsoft by 5.4% in the 4th quarter. Grove Bank & Trust now owns 35,388 shares of the software giant’s stock worth $14,916,000 after purchasing an additional 1,814 shares in the last quarter. Brady Martz Wealth Solutions LLC purchased a new stake in shares of Microsoft during the 4th quarter valued at about $2,725,000. Bernardo Wealth Planning LLC raised its position in shares of Microsoft by 4.7% during the 4th quarter. Bernardo Wealth Planning LLC now owns 3,627 shares of the software giant’s stock valued at $1,519,000 after buying an additional 164 shares in the last quarter. My Legacy Advisors LLC raised its position in shares of Microsoft by 2.0% during the 4th quarter. My Legacy Advisors LLC now owns 19,159 shares of the software giant’s stock valued at $8,168,000 after buying an additional 376 shares in the last quarter. Finally, Liberty One Investment Management LLC raised its position in shares of Microsoft by 3.4% during the 4th quarter. Liberty One Investment Management LLC now owns 51,179 shares of the software giant’s stock valued at $21,572,000 after buying an additional 1,673 shares in the last quarter. Institutional investors own 71.13% of the company’s stock.

Microsoft Price Performance

Shares of MSFT stock opened at $388.61 on Wednesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.34. The company has a market capitalization of $2.89 trillion, a P/E ratio of 31.29, a P/E/G ratio of 2.21 and a beta of 0.90. The company’s 50-day simple moving average is $418.73 and its two-hundred day simple moving average is $422.36. Microsoft Co. has a one year low of $381.00 and a one year high of $468.35.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings data on Wednesday, January 29th. The software giant reported $3.23 earnings per share (EPS) for the quarter, beating 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 quarter in the prior year, the firm earned $2.93 EPS. As a group, equities analysts anticipate that Microsoft Co. will post 13.08 EPS for the current year.

Insider Activity

In other news, CMO Takeshi Numoto sold 2,500 shares of the stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $447.41, for a total transaction of $1,118,525.00. Following the transaction, the chief marketing officer now directly owns 49,352 shares in the company, valued at approximately $22,080,578.32. This trade represents a 4.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.03% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on MSFT. Piper Sandler restated an “overweight” rating and set a $520.00 target price on shares of Microsoft in a research report on Monday, January 27th. Morgan Stanley decreased their target price on shares of Microsoft from $540.00 to $530.00 and set an “overweight” rating on the stock in a research report on Thursday, January 30th. Stifel Nicolaus upped their target price on shares of Microsoft from $475.00 to $515.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. DA Davidson reiterated a “neutral” rating and set a $425.00 price target on shares of Microsoft in a report on Thursday, January 30th. Finally, Mizuho cut their price target on shares of Microsoft from $510.00 to $500.00 and set an “outperform” rating on the stock in a report on Thursday, January 30th. Four investment analysts have rated the stock with a hold rating and twenty-six 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 price target of $510.96.

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.