Maiden Cove Capital LLC Invests $1.54 Million in Microsoft Co. (NASDAQ:MSFT)

Maiden Cove Capital LLC acquired a new stake in shares of Microsoft Co. (NASDAQ:MSFTFree Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 3,375 shares of the software giant’s stock, valued at approximately $1,542,000. Microsoft comprises about 3.1% of Maiden Cove Capital LLC’s holdings, making the stock its 7th largest holding.

Several other institutional investors and hedge funds have also recently bought and sold shares of MSFT. WFA Asset Management Corp increased its stake in shares of Microsoft by 27.0% in the first quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant’s stock valued at $427,000 after purchasing an additional 216 shares during the period. ERn Financial LLC increased its position in Microsoft by 1.5% in the 2nd quarter. ERn Financial LLC now owns 12,435 shares of the software giant’s stock valued at $5,558,000 after acquiring an additional 187 shares during the period. Eagle Wealth Strategies LLC raised its stake in Microsoft by 2.2% during the 2nd quarter. Eagle Wealth Strategies LLC now owns 5,450 shares of the software giant’s stock valued at $2,436,000 after acquiring an additional 116 shares in the last quarter. Everpar Advisors LLC boosted its position in Microsoft by 19.2% during the 2nd quarter. Everpar Advisors LLC now owns 20,385 shares of the software giant’s stock worth $9,111,000 after acquiring an additional 3,286 shares during the period. Finally, Barnes Pettey Financial Advisors LLC grew its stake in shares of Microsoft by 4.3% in the second quarter. Barnes Pettey Financial Advisors LLC now owns 6,782 shares of the software giant’s stock worth $3,031,000 after purchasing an additional 281 shares in the last quarter. Institutional investors and hedge funds own 71.13% of the company’s stock.

Insiders Place Their Bets

In other Microsoft news, CMO Takeshi Numoto sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $414.72, for a total value of $414,720.00. Following the transaction, the chief marketing officer now directly owns 57,511 shares of the company’s stock, valued at approximately $23,850,961.92. This trade represents a 1.71 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Judson Althoff sold 25,000 shares of the company’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $417.00, for a total transaction of $10,425,000.00. Following the sale, the executive vice president now owns 117,294 shares of the company’s stock, valued at $48,911,598. The trade was a 17.57 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 41,200 shares of company stock valued at $17,383,892. 0.03% of the stock is currently owned by insiders.

Microsoft Stock Performance

NASDAQ:MSFT opened at $415.67 on Wednesday. The stock has a market capitalization of $3.09 trillion, a P/E ratio of 34.30, a price-to-earnings-growth ratio of 2.37 and a beta of 0.90. Microsoft Co. has a 1 year low of $384.81 and a 1 year high of $468.35. The firm has a 50 day moving average of $429.08 and a 200-day moving average of $426.72. The company has a current ratio of 1.30, a quick ratio of 1.29 and a debt-to-equity ratio of 0.15.

Microsoft (NASDAQ:MSFTGet Free Report) last announced its earnings results on Wednesday, October 30th. The software giant reported $3.30 earnings per share for the quarter, beating analysts’ consensus estimates of $3.10 by $0.20. The company had revenue of $65.59 billion during the quarter, compared to analyst estimates of $64.57 billion. Microsoft had a return on equity of 34.56% and a net margin of 35.61%. The firm’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same period last year, the company posted $2.99 earnings per share. As a group, sell-side analysts anticipate that Microsoft Co. will post 12.93 EPS for the current fiscal year.

Microsoft Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 20th will be given a $0.83 dividend. The ex-dividend date is Thursday, February 20th. This represents a $3.32 dividend on an annualized basis and a yield of 0.80%. Microsoft’s payout ratio is 27.39%.

Analysts Set New Price Targets

Several research firms recently weighed in on MSFT. Stifel Nicolaus upped their price objective on shares of Microsoft from $475.00 to $515.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. BMO Capital Markets lowered their price objective on shares of Microsoft from $500.00 to $495.00 and set an “outperform” rating on the stock in a research note on Thursday, October 31st. Piper Sandler upped their target price on Microsoft from $470.00 to $520.00 and gave the stock an “overweight” rating in a research report on Monday, January 6th. TD Cowen lowered their price target on Microsoft from $495.00 to $475.00 and set a “buy” rating on the stock in a research report on Thursday, October 31st. Finally, UBS Group upped their price objective on Microsoft from $500.00 to $525.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Three equities research analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $511.62.

Get Our Latest Stock Report on MSFT

Microsoft Company Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding MSFT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Microsoft Co. (NASDAQ:MSFTFree Report).

Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

Receive News & Ratings for Microsoft Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Microsoft and related companies with MarketBeat.com's FREE daily email newsletter.