Kaydan Wealth Management Inc. Cuts Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

Kaydan Wealth Management Inc. reduced its position in shares of Microsoft Co. (NASDAQ:MSFT) by 1.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,928 shares of the software giant’s stock after selling 71 shares during the period. Microsoft accounts for approximately 0.7% of Kaydan Wealth Management Inc.’s portfolio, making the stock its 23rd largest position. Kaydan Wealth Management Inc.’s holdings in Microsoft were worth $2,077,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Christopher J. Hasenberg Inc raised its stake in Microsoft by 35.7% in the third quarter. Christopher J. Hasenberg Inc now owns 95 shares of the software giant’s stock worth $39,000 after buying an additional 25 shares in the last quarter. IFS Advisors LLC raised its stake in Microsoft by 53.8% in the fourth quarter. IFS Advisors LLC now owns 100 shares of the software giant’s stock worth $42,000 after buying an additional 35 shares in the last quarter. Quarry LP bought a new position in Microsoft in the second quarter worth about $45,000. Avondale Wealth Management raised its stake in Microsoft by 144.4% in the fourth quarter. Avondale Wealth Management now owns 110 shares of the software giant’s stock worth $46,000 after buying an additional 65 shares in the last quarter. Finally, MidAtlantic Capital Management Inc. bought a new position in Microsoft in the third quarter worth about $62,000. 71.13% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CMO Takeshi Numoto sold 2,500 shares of the business’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 sale, the chief marketing officer now owns 49,352 shares of the company’s stock, valued at $22,080,578.32. The trade was a 4.82 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.03% of the company’s stock.

Microsoft Trading Up 0.0 %

Shares of MSFT stock opened at $388.61 on Wednesday. Microsoft Co. has a 12-month low of $381.00 and a 12-month high of $468.35. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.13. The firm’s 50 day moving average is $418.73 and its 200 day moving average is $422.36. The stock has a market capitalization 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 issued its earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share (EPS) for the quarter, topping 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 earned $2.93 EPS. Research analysts expect that Microsoft Co. will post 13.08 earnings per share for the current year.

Wall Street Analyst Weigh In

MSFT has been the subject of a number of research reports. Piper Sandler reissued an “overweight” rating and issued a $520.00 price target on shares of Microsoft in a research note on Monday, January 27th. Wedbush reaffirmed an “outperform” rating and set a $550.00 target price on shares of Microsoft in a research note on Tuesday, November 19th. Loop Capital raised their target price on shares of Microsoft from $500.00 to $550.00 and gave the company a “buy” rating in a research note on Monday, December 23rd. DA Davidson reaffirmed a “neutral” rating and set a $425.00 target price on shares of Microsoft in a research note on Thursday, January 30th. Finally, StockNews.com downgraded shares of Microsoft from a “buy” rating to a “hold” rating in a research note on Friday, February 28th. Four research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $510.96.

Microsoft Company 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.