Tidemark LLC Acquires 97 Shares of Microsoft Co. (NASDAQ:MSFT)

Tidemark LLC raised its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 4.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,079 shares of the software giant’s stock after purchasing an additional 97 shares during the quarter. Tidemark LLC’s holdings in Microsoft were worth $895,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MSFT. Net Worth Advisory Group bought a new stake in Microsoft in the 3rd quarter valued at $2,645,000. Oak Ridge Investments LLC lifted 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 worth $113,399,000 after buying an additional 18,544 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its position in shares of 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 valued at $882,816,000 after acquiring an additional 31,401 shares during the period. Jacobs & Co. CA grew its stake in shares of 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 third quarter. Focus Financial Network Inc. now owns 76,296 shares of the software giant’s stock worth $32,830,000 after acquiring an additional 1,489 shares during the period. 71.13% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. The Goldman Sachs Group cut their price objective on shares of Microsoft from $515.00 to $500.00 and set a “buy” rating for the company in a report on Thursday, October 10th. StockNews.com raised Microsoft from a “hold” rating to a “buy” rating in a research report on Wednesday. Oppenheimer cut Microsoft from an “outperform” rating to a “market perform” rating in a report on Tuesday, October 8th. BMO Capital Markets reduced their target price on Microsoft from $500.00 to $495.00 and set an “outperform” rating on the stock in a report on Thursday, October 31st. Finally, TD Cowen dropped their price target on Microsoft from $495.00 to $475.00 and set a “buy” rating for the company in a research note on Thursday, October 31st. Three analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $512.66.

Microsoft Price Performance

Shares of NASDAQ:MSFT opened at $444.06 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.29 and a current ratio of 1.30. Microsoft Co. has a 52 week low of $385.58 and a 52 week high of $468.35. The firm has a market cap of $3.30 trillion, a PE ratio of 36.64, a price-to-earnings-growth ratio of 2.40 and a beta of 0.90. The firm’s fifty day moving average is $430.47 and its 200-day moving average is $425.69.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings results on Wednesday, October 30th. The software giant reported $3.30 EPS for the quarter, beating analysts’ consensus estimates of $3.10 by $0.20. The firm had revenue of $65.59 billion for the quarter, compared to analyst estimates of $64.57 billion. Microsoft had a return on equity of 34.56% and a net margin of 35.61%. The business’s revenue was up 16.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.99 EPS. Sell-side analysts predict that Microsoft Co. will post 12.9 earnings per share for the current year.

Microsoft Announces Dividend

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

Insider Transactions at Microsoft

In other news, CMO Takeshi Numoto sold 1,000 shares of Microsoft stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $414.72, for a total value of $414,720.00. Following the completion of the sale, the chief marketing officer now owns 57,511 shares in the company, valued at $23,850,961.92. The trade was a 1.71 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Judson Althoff sold 25,000 shares of the stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $417.00, for a total transaction of $10,425,000.00. Following the transaction, the executive vice president now directly owns 117,294 shares in the company, valued at approximately $48,911,598. This represents a 17.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 41,200 shares of company stock worth $17,383,892 over the last three months. 0.03% of the stock is owned by company 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.