21,700 Shares in Microsoft Co. (NASDAQ:MSFT) Bought by Sycale Advisors NY LLC

Sycale Advisors NY LLC bought a new position in Microsoft Co. (NASDAQ:MSFT – Get Rating) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 21,700 shares of the software giant’s stock, valued at approximately $5,053,000. Microsoft accounts for 2.0% of Sycale Advisors NY LLC’s investment portfolio, making the stock its 17th biggest holding.

Several other hedge funds have also recently bought and sold shares of MSFT. Walled Lake Planning & Wealth Management LLC lifted its stake in Microsoft by 0.5% in the second quarter. Walled Lake Planning & Wealth Management LLC now owns 7,369 shares of the software giant’s stock worth $1,893,000 after purchasing an additional 38 shares during the last quarter. Financial Advisors Network Inc. increased its holdings in Microsoft by 1.1% during the second quarter. Financial Advisors Network Inc. now owns 3,482 shares of the software giant’s stock valued at $894,000 after buying an additional 39 shares during the period. Donoghue Forlines LLC increased its holdings in Microsoft by 1.6% during the second quarter. Donoghue Forlines LLC now owns 2,598 shares of the software giant’s stock valued at $667,000 after buying an additional 40 shares during the period. Rovin Capital UT ADV grew its holdings in Microsoft by 1.1% in the third quarter. Rovin Capital UT ADV now owns 3,747 shares of the software giant’s stock worth $873,000 after purchasing an additional 40 shares during the last quarter. Finally, Fountainhead AM LLC grew its holdings in Microsoft by 1.0% in the second quarter. Fountainhead AM LLC now owns 4,196 shares of the software giant’s stock worth $1,078,000 after purchasing an additional 41 shares during the last quarter. 69.15% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Microsoft news, CEO Satya Nadella sold 4,767 shares of the firm’s stock in a transaction on Tuesday, February 28th. The shares were sold at an average price of $248.88, for a total transaction 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 approximately $196,272,990. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CMO Christopher C. Capossela sold 1,000 shares of the firm’s stock in a transaction on Thursday, February 9th. The shares were sold at an average price of $269.38, for a total value of $269,380.00. Following the completion of the sale, the chief marketing officer now owns 117,362 shares in the company, valued at approximately $31,614,975.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Satya Nadella sold 4,767 shares of the firm’s stock in a transaction on Tuesday, February 28th. The stock was sold at an average price of $248.88, for a total transaction of $1,186,410.96. Following the completion of the sale, the chief executive officer now owns 788,625 shares of the company’s stock, valued at approximately $196,272,990. The disclosure for this sale can be found here. In the last three months, insiders have sold 6,767 shares of company stock valued at $1,728,111. Insiders own 0.03% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on MSFT. Rosenblatt Securities dropped their price objective on shares of Microsoft from $285.00 to $275.00 and set a “buy” rating on the stock in a report on Thursday, January 26th. The Goldman Sachs Group set a $315.00 target price on shares of Microsoft in a research report on Wednesday, January 25th. Wolfe Research decreased their target price on shares of Microsoft from $280.00 to $265.00 and set an “outperform” rating for the company in a research report on Wednesday, January 25th. Guggenheim downgraded shares of Microsoft from a “neutral” rating to a “sell” rating and set a $212.00 price objective for the company. in a research report on Tuesday, January 17th. Finally, Mizuho upped their price objective on shares of Microsoft from $280.00 to $300.00 and gave the stock a “buy” rating in a research report on Wednesday, February 8th. One analyst has rated the stock with a sell rating, five have issued a hold rating and twenty-seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $285.58.

Microsoft Trading Up 1.7 %

NASDAQ MSFT opened at $255.29 on Monday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.93 and a quick ratio of 1.89. The firm’s fifty day moving average price is $247.21 and its 200 day moving average price is $246.31. The company has a market capitalization of $1.90 trillion, a price-to-earnings ratio of 28.37, a price-to-earnings-growth ratio of 2.34 and a beta of 0.92. Microsoft Co. has a 12 month low of $213.43 and a 12 month high of $315.95.

Microsoft (NASDAQ:MSFT – Get Rating) last issued its quarterly earnings data on Tuesday, January 24th. The software giant reported $2.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.27 by $0.05. Microsoft had a net margin of 33.05% and a return on equity of 39.87%. The company had revenue of $52.75 billion for the quarter, compared to the consensus estimate of $53.17 billion. During the same period last year, the firm posted $2.48 EPS. Microsoft’s revenue for the quarter was up 2.0% on a year-over-year basis. On average, sell-side analysts expect that Microsoft Co. will post 9.34 earnings per share for the current fiscal year.

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.