Tide Cove Capital Partners LLC Acquires Shares of 29,333 Microsoft Co. (NASDAQ:MSFT)

Tide Cove Capital Partners LLC acquired a new stake in Microsoft Co. (NASDAQ:MSFT) in the 4th quarter, according to the company in its most recent filing with the SEC. The firm acquired 29,333 shares of the software giant’s stock, valued at approximately $12,364,000. Microsoft comprises 8.6% of Tide Cove Capital Partners LLC’s holdings, making the stock its 4th largest position.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MSFT. Christopher J. Hasenberg Inc increased its stake in shares of Microsoft by 35.7% during 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 purchased a new stake in shares of Microsoft during the 2nd quarter worth approximately $45,000. IFS Advisors LLC increased its stake in shares of Microsoft by 53.8% during 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 stake in shares of Microsoft by 144.4% during 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. purchased a new stake in shares of Microsoft during the 3rd quarter worth approximately $62,000. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Microsoft Stock Performance

NASDAQ MSFT opened at $393.31 on Friday. Microsoft Co. has a 52-week low of $381.00 and a 52-week high of $468.35. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.34 and a current ratio of 1.35. The company has a market capitalization of $2.92 trillion, a P/E ratio of 31.67, a P/E/G ratio of 2.21 and a beta of 0.92. The company has a fifty day moving average of $416.40 and a 200-day moving average of $421.87.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings data on Wednesday, January 29th. The software giant reported $3.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 quarter in the prior year, the company posted $2.93 earnings per share. As a group, equities research analysts predict that Microsoft Co. will post 13.08 EPS for the current fiscal year.

Wall Street Analyst Weigh In

MSFT has been the subject of a number of recent research reports. Royal Bank of Canada reiterated an “outperform” rating and issued a $500.00 price objective on shares of Microsoft in a research note on Thursday, January 30th. Piper Sandler reiterated an “overweight” rating and issued a $520.00 price objective on shares of Microsoft in a research note on Monday, January 27th. Guggenheim reiterated a “neutral” rating on shares of Microsoft in a research note on Friday, January 24th. StockNews.com lowered shares of Microsoft from a “buy” rating to a “hold” rating in a research note on Friday, February 28th. Finally, Wedbush reiterated an “outperform” rating and issued a $550.00 price objective on shares of Microsoft in a research note on Tuesday, November 19th. Four investment analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $509.54.

Insiders Place Their Bets

In other Microsoft 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 value of $1,118,525.00. Following the completion of the sale, the chief marketing officer now directly owns 49,352 shares of the company’s stock, valued at $22,080,578.32. The trade was a 4.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.03% of the stock is currently owned by insiders.

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.