Yoffe Investment Management LLC Takes Position in Microsoft Co. (NASDAQ:MSFT)

Yoffe Investment Management LLC acquired a new stake in Microsoft Co. (NASDAQ:MSFT) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 4,994 shares of the software giant’s stock, valued at approximately $2,105,000. Microsoft makes up approximately 2.1% of Yoffe Investment Management LLC’s portfolio, making the stock its 7th largest holding.

Several other hedge funds also recently modified their holdings of MSFT. Proem Advisors LLC bought a new position in Microsoft in the 4th quarter valued at about $10,538,000. Atlas Capital Advisors Inc. grew its stake in shares of Microsoft by 287.0% in the fourth quarter. Atlas Capital Advisors Inc. now owns 56,851 shares of the software giant’s stock valued at $23,963,000 after acquiring an additional 42,162 shares in the last quarter. Climber Capital SA acquired a new position in shares of Microsoft in the fourth quarter valued at about $632,000. Magellan Asset Management Ltd grew its stake in shares of Microsoft by 12.4% in the fourth quarter. Magellan Asset Management Ltd now owns 1,552,169 shares of the software giant’s stock valued at $654,239,000 after acquiring an additional 171,683 shares in the last quarter. Finally, Uniting Wealth Partners LLC acquired a new position in shares of Microsoft in the fourth quarter valued at about $6,115,000. Institutional investors own 71.13% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Guggenheim reaffirmed a “neutral” rating on shares of Microsoft in a report on Thursday, May 1st. Mizuho increased their price target on shares of Microsoft from $475.00 to $500.00 and gave the stock an “outperform” rating in a research report on Thursday, May 1st. UBS Group reduced their price target on shares of Microsoft from $510.00 to $480.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. Stifel Nicolaus increased their price target on shares of Microsoft from $475.00 to $500.00 and gave the stock a “buy” rating in a research report on Thursday, May 1st. Finally, TD Securities increased their price target on shares of Microsoft from $475.00 to $490.00 and gave the stock a “buy” rating in a research report on Thursday, May 1st. Four investment analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Microsoft currently has an average rating of “Moderate Buy” and an average target price of $513.59.

Microsoft Price Performance

MSFT stock opened at $472.75 on Tuesday. The company has a market capitalization of $3.51 trillion, a P/E ratio of 38.06, a PEG ratio of 2.21 and a beta of 1.03. Microsoft Co. has a twelve month low of $344.79 and a twelve month high of $473.43. The business has a 50 day simple moving average of $419.01 and a 200-day simple moving average of $417.09. 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 (NASDAQ:MSFT) last issued its quarterly earnings results on Wednesday, April 30th. The software giant reported $3.46 earnings per share for the quarter, topping the consensus estimate of $3.22 by $0.24. Microsoft had a return on equity of 33.36% and a net margin of 35.43%. The firm had revenue of $70.07 billion during the quarter, compared to the consensus estimate of $68.54 billion. During the same period last year, the company earned $2.94 earnings per share. The company’s revenue for the quarter was up 13.3% on a year-over-year basis. As a group, equities analysts anticipate that Microsoft Co. will post 13.08 EPS for the current year.

Insider Activity

In related news, insider Bradford L. Smith sold 75,000 shares of Microsoft stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $436.05, for a total transaction of $32,703,750.00. Following the completion of the sale, the insider now owns 476,999 shares in the company, valued at approximately $207,995,413.95. This trade represents a 13.59% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Kathleen T. Hogan sold 21,500 shares of Microsoft stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $453.77, for a total value of $9,756,055.00. Following the completion of the sale, the executive vice president now owns 134,888 shares of the company’s stock, valued at $61,208,127.76. This trade represents a 13.75% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 135,743 shares of company stock worth $60,224,683 over the last 90 days. 0.03% of the stock is currently owned by corporate insiders.

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.