Microsoft Co. (NASDAQ:MSFT) Shares Bought by Terra Nova Asset Management LLC

Terra Nova Asset Management LLC lifted its stake in Microsoft Co. (NASDAQ:MSFT) by 9.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,712 shares of the software giant’s stock after acquiring an additional 1,197 shares during the quarter. Microsoft makes up 4.4% of Terra Nova Asset Management LLC’s portfolio, making the stock its biggest holding. Terra Nova Asset Management LLC’s holdings in Microsoft were worth $5,780,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Christopher J. Hasenberg Inc increased its position in Microsoft by 35.7% in the 3rd quarter. Christopher J. Hasenberg Inc now owns 95 shares of the software giant’s stock worth $39,000 after purchasing an additional 25 shares during the last quarter. Quarry LP acquired a new position in Microsoft in the 2nd quarter worth about $45,000. IFS Advisors LLC increased its position in Microsoft by 53.8% in the 4th quarter. IFS Advisors LLC now owns 100 shares of the software giant’s stock worth $42,000 after purchasing an additional 35 shares during the last quarter. Avondale Wealth Management increased its position in Microsoft by 144.4% in the 4th quarter. Avondale Wealth Management now owns 110 shares of the software giant’s stock worth $46,000 after purchasing an additional 65 shares during the last quarter. Finally, MidAtlantic Capital Management Inc. acquired a new position in shares of Microsoft during the 3rd quarter valued at about $62,000. 71.13% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CMO Takeshi Numoto sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, December 9th. The stock was 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 owns 49,352 shares in the company, valued at $22,080,578.32. This trade represents a 4.82 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.03% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Royal Bank of Canada reissued an “outperform” rating and set a $500.00 price objective on shares of Microsoft in a report on Thursday, January 30th. Loop Capital increased their price objective on Microsoft from $500.00 to $550.00 and gave the company a “buy” rating in a report on Monday, December 23rd. Cantor Fitzgerald reissued an “overweight” rating and set a $509.00 price objective on shares of Microsoft in a report on Wednesday, January 29th. Mizuho lowered their price objective on Microsoft from $510.00 to $500.00 and set an “outperform” rating on the stock in a report on Thursday, January 30th. Finally, Stifel Nicolaus increased their price objective on Microsoft from $475.00 to $515.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Four equities research analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $510.96.

Microsoft Price Performance

Microsoft stock 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 company has a market capitalization of $2.89 trillion, a PE ratio of 31.29, a price-to-earnings-growth ratio of 2.21 and a beta of 0.90. Microsoft Co. has a one year low of $381.00 and a one year high of $468.35. The business has a 50 day simple moving average of $418.73 and a 200 day simple moving average of $422.36.

Microsoft (NASDAQ:MSFT) last posted its earnings results on Wednesday, January 29th. The software giant reported $3.23 EPS for the quarter, topping the consensus estimate of $3.15 by $0.08. Microsoft had a return on equity of 33.36% and a net margin of 35.43%. During the same quarter in the prior year, the firm posted $2.93 earnings per share. On average, sell-side analysts forecast that Microsoft Co. will post 13.08 EPS for the current fiscal year.

About Microsoft

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.