144 Shares in Microsoft Co. (NASDAQ:MSFT) Purchased by MidAtlantic Capital Management Inc.

MidAtlantic Capital Management Inc. purchased a new stake in Microsoft Co. (NASDAQ:MSFT) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 144 shares of the software giant’s stock, valued at approximately $62,000.

Several other large investors have also recently added to or reduced their stakes in the company. Christopher J. Hasenberg Inc lifted its stake in Microsoft by 169.2% during the second quarter. Christopher J. Hasenberg Inc now owns 70 shares of the software giant’s stock worth $31,000 after purchasing an additional 44 shares during the period. Quarry LP acquired a new position in shares of Microsoft in the 2nd quarter worth approximately $45,000. Innealta Capital LLC bought a new position in shares of Microsoft during the 2nd quarter worth approximately $75,000. Carolina Wealth Advisors LLC boosted its stake in Microsoft by 10.1% in the 3rd quarter. Carolina Wealth Advisors LLC now owns 338 shares of the software giant’s stock valued at $145,000 after buying an additional 31 shares in the last quarter. Finally, MayTech Global Investments LLC bought a new stake in Microsoft in the second quarter valued at $200,000. Institutional investors and hedge funds own 71.13% of the company’s stock.

Insider Transactions at Microsoft

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 stock was sold at an average price of $414.72, for a total value of $414,720.00. Following the completion of the transaction, the chief marketing officer now directly owns 57,511 shares in the company, valued at $23,850,961.92. This trade represents a 1.71 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Christopher David Young sold 7,200 shares of the stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $423.66, for a total value of $3,050,352.00. Following the completion of the sale, the executive vice president now directly owns 103,366 shares of the company’s stock, valued at approximately $43,792,039.56. The trade was a 6.51 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 41,200 shares of company stock valued at $17,383,892 over the last three months. Company insiders own 0.03% of the company’s stock.

Microsoft Price Performance

MSFT opened at $444.06 on Friday. The company has a fifty day simple moving average of $430.47 and a 200 day simple moving average of $425.69. The company has a quick ratio of 1.29, a current ratio of 1.30 and a debt-to-equity ratio of 0.15. The stock has a market cap of $3.30 trillion, a P/E ratio of 36.64, a P/E/G ratio of 2.40 and a beta of 0.90. Microsoft Co. has a 12 month low of $385.58 and a 12 month high of $468.35.

Microsoft (NASDAQ:MSFT) last posted its earnings results on Wednesday, October 30th. The software giant reported $3.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.10 by $0.20. The business had revenue of $65.59 billion during the quarter, compared to analysts’ expectations of $64.57 billion. Microsoft had a return on equity of 34.56% and a net margin of 35.61%. Microsoft’s revenue for the quarter was up 16.0% compared to the same quarter last year. During the same period in the prior year, the business earned $2.99 EPS. On average, research analysts expect that Microsoft Co. will post 12.9 EPS for the current year.

Microsoft Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 20th will be issued a $0.83 dividend. The ex-dividend date is Thursday, February 20th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.75%. Microsoft’s dividend payout ratio (DPR) is 27.39%.

Analysts Set New Price Targets

Several brokerages have recently commented on MSFT. JPMorgan Chase & Co. reduced their target price on shares of Microsoft from $470.00 to $465.00 and set an “overweight” rating on the stock in a research note on Thursday, October 31st. 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 research note on Wednesday, December 18th. Guggenheim reiterated a “neutral” rating on shares of Microsoft in a research note on Friday. StockNews.com upgraded Microsoft from a “hold” rating to a “buy” rating in a research report on Wednesday. Finally, Cantor Fitzgerald assumed coverage on Microsoft in a research report on Friday, January 17th. They issued an “overweight” rating and a $509.00 price objective for the company. Three research analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $512.66.

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.