Addenda Capital Inc. Buys 1,573 Shares of Microsoft Co. (NASDAQ:MSFT)

Addenda Capital Inc. grew its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 1.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 98,131 shares of the software giant’s stock after purchasing an additional 1,573 shares during the quarter. Microsoft makes up approximately 1.9% of Addenda Capital Inc.’s portfolio, making the stock its 16th biggest position. Addenda Capital Inc.’s holdings in Microsoft were worth $41,362,000 at the end of the most recent reporting period.

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

Microsoft Stock Down 1.0 %

Shares of Microsoft stock opened at $396.89 on Friday. Microsoft Co. has a twelve month low of $381.00 and a twelve month high of $468.35. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. The company’s 50 day moving average is $417.14 and its 200 day moving average is $422.06. The company has a market cap of $2.95 trillion, a price-to-earnings ratio of 31.96, a price-to-earnings-growth ratio of 2.21 and a beta of 0.92.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share for the quarter, beating 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 previous year, the business posted $2.93 EPS. Research analysts anticipate that Microsoft Co. will post 13.08 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Morgan Stanley dropped their target price on shares of Microsoft from $540.00 to $530.00 and set an “overweight” rating for the company in a research report on Thursday, January 30th. Piper Sandler restated an “overweight” rating and issued a $520.00 price objective on shares of Microsoft in a report on Monday, January 27th. Mizuho reduced their target price on Microsoft from $510.00 to $500.00 and set an “outperform” rating on the stock in a report on Thursday, January 30th. Guggenheim reissued a “neutral” rating on shares of Microsoft in a research report on Friday, January 24th. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $509.00 price target on shares of Microsoft in a research report on Wednesday, January 29th. 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 company has a consensus rating of “Moderate Buy” and an average target price of $510.96.

Insider Buying and Selling at Microsoft

In other news, CMO Takeshi Numoto sold 2,500 shares of the company’s stock in a transaction dated 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. This represents a 4.82 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.03% of the stock is owned by corporate insiders.

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.