Microsoft Co. (NASDAQ:MSFT) Shares Acquired by Cedar Point Capital Partners LLC

Cedar Point Capital Partners LLC lifted its position in Microsoft Co. (NASDAQ:MSFT) by 1.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,380 shares of the software giant’s stock after acquiring an additional 40 shares during the period. Microsoft accounts for 0.8% of Cedar Point Capital Partners LLC’s holdings, making the stock its 27th largest position. Cedar Point Capital Partners LLC’s holdings in Microsoft were worth $1,064,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Bison Wealth LLC boosted its holdings in shares of Microsoft by 0.4% during the 4th quarter. Bison Wealth LLC now owns 47,380 shares of the software giant’s stock worth $17,817,000 after purchasing an additional 179 shares during the last quarter. Investors Research Corp lifted its position in Microsoft by 0.4% during the fourth quarter. Investors Research Corp now owns 13,224 shares of the software giant’s stock worth $4,973,000 after buying an additional 51 shares in the last quarter. TNF LLC boosted its stake in Microsoft by 20.4% during the fourth quarter. TNF LLC now owns 2,080 shares of the software giant’s stock worth $852,000 after buying an additional 352 shares during the last quarter. Mackenzie Financial Corp grew its holdings in Microsoft by 9.9% in the 4th quarter. Mackenzie Financial Corp now owns 5,406,870 shares of the software giant’s stock valued at $2,033,199,000 after buying an additional 485,689 shares in the last quarter. Finally, Sippican Capital Advisors increased its stake in shares of Microsoft by 46.0% in the 4th quarter. Sippican Capital Advisors now owns 2,347 shares of the software giant’s stock worth $883,000 after acquiring an additional 740 shares during the last quarter. 71.13% of the stock is owned by institutional investors and hedge funds.

Microsoft Stock Performance

NASDAQ MSFT opened at $414.20 on Wednesday. The firm has a market cap of $3.08 trillion, a P/E ratio of 35.86, a P/E/G ratio of 2.03 and a beta of 0.90. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.16. The business’s 50-day moving average price is $425.67 and its 200 day moving average price is $423.06. Microsoft Co. has a 52-week low of $309.45 and a 52-week high of $468.35.

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

Insider Transactions at Microsoft

In related news, CEO Satya Nadella sold 78,353 shares of the company’s stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $408.63, for a total transaction of $32,017,386.39. Following the transaction, the chief executive officer now owns 864,327 shares of the company’s stock, valued at $353,189,942.01. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Satya Nadella sold 78,353 shares of the company’s stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $408.63, for a total value of $32,017,386.39. Following the sale, the chief executive officer now owns 864,327 shares in the company, valued at approximately $353,189,942.01. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Amy Hood sold 38,000 shares of Microsoft stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $410.55, for a total value of $15,600,900.00. Following the transaction, the chief financial officer now directly owns 496,369 shares of the company’s stock, valued at $203,784,292.95. The disclosure for this sale can be found here. In the last three months, insiders sold 130,751 shares of company stock valued at $53,628,156. Corporate insiders own 0.03% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on MSFT shares. Tigress Financial boosted their price target on shares of Microsoft from $475.00 to $550.00 and gave the company a “buy” rating in a research report on Thursday, June 13th. Macquarie boosted their target price on shares of Microsoft from $460.00 to $475.00 and gave the company an “outperform” rating in a report on Friday, May 17th. Truist Financial reissued a “buy” rating and issued a $600.00 price target on shares of Microsoft in a research note on Monday, June 17th. New Street Research began coverage on shares of Microsoft in a research report on Monday, June 10th. They set a “buy” rating and a $570.00 price target on the stock. Finally, Mizuho increased their price objective on Microsoft from $450.00 to $480.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 16th. Two equities research analysts have rated the stock with a hold rating and thirty-two have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $494.72.

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.