Microsoft Co. (NASDAQ:MSFT) is Mandatum Life Insurance Co Ltd’s 5th Largest Position

Mandatum Life Insurance Co Ltd boosted its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 0.4% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 21,037 shares of the software giant’s stock after acquiring an additional 78 shares during the period. Microsoft accounts for 2.6% of Mandatum Life Insurance Co Ltd’s portfolio, making the stock its 5th largest holding. Mandatum Life Insurance Co Ltd’s holdings in Microsoft were worth $8,867,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Net Worth Advisory Group purchased a new position in shares of Microsoft in the 3rd quarter worth $2,645,000. Oak Ridge Investments LLC grew its stake in shares of Microsoft by 7.6% in the 3rd quarter. Oak Ridge Investments LLC now owns 263,534 shares of the software giant’s stock worth $113,399,000 after buying an additional 18,544 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its stake in shares of Microsoft by 1.6% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,975,200 shares of the software giant’s stock worth $882,816,000 after buying an additional 31,401 shares in the last quarter. Jacobs & Co. CA grew its stake in shares of Microsoft by 0.9% in the 3rd quarter. Jacobs & Co. CA now owns 96,021 shares of the software giant’s stock worth $41,318,000 after buying an additional 880 shares in the last quarter. Finally, Focus Financial Network Inc. grew its stake in shares of Microsoft by 2.0% in the 3rd quarter. Focus Financial Network Inc. now owns 76,296 shares of the software giant’s stock worth $32,830,000 after buying an additional 1,489 shares in the last quarter. 71.13% of the stock is owned by hedge funds and other institutional investors.

Microsoft Stock Performance

MSFT opened at $388.61 on Wednesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.34. The firm has a fifty day moving average price of $418.73 and a 200 day moving average price of $422.36. Microsoft Co. has a 1 year low of $381.00 and a 1 year high of $468.35. The stock has a market cap of $2.89 trillion, a P/E ratio of 31.29, a P/E/G ratio of 2.21 and a beta of 0.90.

Microsoft (NASDAQ:MSFT) last posted its earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.15 by $0.08. Microsoft had a net margin of 35.43% and a return on equity of 33.36%. During the same period in the previous year, the company posted $2.93 earnings per share. Equities research analysts anticipate that Microsoft Co. will post 13.08 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Royal Bank of Canada reissued an “outperform” rating and issued a $500.00 price objective on shares of Microsoft in a research note on Thursday, January 30th. Loop Capital lifted their price target on shares of Microsoft from $500.00 to $550.00 and gave the stock a “buy” rating in a research note on Monday, December 23rd. Guggenheim reaffirmed a “neutral” rating on shares of Microsoft in a research note on Friday, January 24th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $509.00 price target on shares of Microsoft in a research note on Wednesday, January 29th. Finally, Piper Sandler reiterated an “overweight” rating and set a $520.00 price objective on shares of Microsoft in a report on Monday, January 27th. Four equities research analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company. According to MarketBeat.com, Microsoft currently has an average rating of “Moderate Buy” and a consensus target price of $510.96.

Insider Activity at Microsoft

In other Microsoft news, CMO Takeshi Numoto sold 2,500 shares of the company’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $447.41, for a total transaction of $1,118,525.00. Following the completion of the transaction, the chief marketing officer now directly owns 49,352 shares in the company, valued at approximately $22,080,578.32. This represents a 4.82 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.03% of the company’s stock.

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.