Acorn Creek Capital LLC Has $2.27 Million Stock Position in Microsoft Co. (NASDAQ:MSFT)

Acorn Creek Capital LLC grew its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 2.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,074 shares of the software giant’s stock after acquiring an additional 122 shares during the period. Microsoft accounts for 1.4% of Acorn Creek Capital LLC’s holdings, making the stock its 14th largest position. Acorn Creek Capital LLC’s holdings in Microsoft were worth $2,268,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Richardson Capital Management LLC increased its holdings in shares of Microsoft by 1,290.0% during the first quarter. Richardson Capital Management LLC now owns 139 shares of the software giant’s stock worth $59,000 after purchasing an additional 129 shares during the period. Neo Ivy Capital Management bought a new position in shares of Microsoft during the fourth quarter worth approximately $58,000. Bellevue Group AG increased its holdings in shares of Microsoft by 47.5% during the first quarter. Bellevue Group AG now owns 180 shares of the software giant’s stock worth $76,000 after purchasing an additional 58 shares during the period. Horizon Financial Services LLC bought a new position in shares of Microsoft during the first quarter worth approximately $80,000. Finally, Cooksen Wealth LLC bought a new position in shares of Microsoft during the fourth quarter worth approximately $86,000. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Microsoft

In related news, CEO Satya Nadella sold 14,398 shares of the business’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $417.41, for a total value of $6,009,869.18. Following the transaction, the chief executive officer now owns 786,933 shares in the company, valued at $328,473,703.53. The transaction was disclosed in a document filed with the SEC, which is available through this link. In related news, CEO Satya Nadella sold 14,398 shares of the business’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $417.41, for a total value of $6,009,869.18. Following the transaction, the chief executive officer now owns 786,933 shares in the company, valued at $328,473,703.53. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Amy Hood sold 38,000 shares of Microsoft stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $410.55, for a total transaction of $15,600,900.00. Following the completion of the sale, 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. Insiders have sold a total of 190,629 shares of company stock worth $77,916,485 over the last quarter. Company insiders own 0.03% of the company’s stock.

Microsoft Price Performance

Shares of NASDAQ:MSFT opened at $431.34 on Tuesday. The firm has a market cap of $3.21 trillion, a PE ratio of 37.35, a price-to-earnings-growth ratio of 2.14 and a beta of 0.90. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.27 and a current ratio of 1.27. Microsoft Co. has a 52 week low of $309.45 and a 52 week high of $468.35. The firm’s fifty day moving average is $422.80 and its 200-day moving average is $423.60.

Microsoft (NASDAQ:MSFT) last released its earnings results on Tuesday, July 30th. The software giant reported $2.95 earnings per share (EPS) 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 analyst estimates of $64.38 billion. Microsoft had a net margin of 35.96% and a return on equity of 35.95%. Microsoft’s revenue for the quarter was up 15.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.69 earnings per share. Sell-side analysts predict that Microsoft Co. will post 13.04 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently commented on MSFT. Piper Sandler reaffirmed an “overweight” rating and set a $485.00 target price on shares of Microsoft in a report on Wednesday, July 31st. Morgan Stanley decreased their price objective on shares of Microsoft from $520.00 to $506.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 31st. TD Cowen lifted their price objective on shares of Microsoft from $470.00 to $495.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. Royal Bank of Canada reissued an “outperform” rating and issued a $500.00 price objective on shares of Microsoft in a research note on Wednesday, July 31st. Finally, BMO Capital Markets lifted their price objective on shares of Microsoft from $465.00 to $500.00 and gave the company an “outperform” rating in a research note on Friday, July 12th. 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. Based on data from MarketBeat.com, Microsoft presently has an average rating of “Moderate Buy” and an average price target 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.