Atom Investors LP Acquires 42,525 Shares of Microsoft Co. (NASDAQ:MSFT)

Defense World · Feb 28, 2023 21:13

Atom Investors LP increased its holdings in shares of Microsoft Co. (NASDAQ:MSFT – Get Rating) by 1,556.0% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 45,258 shares of the software giant's stock after acquiring an additional 42,525 shares during the period. Microsoft comprises about 3.7% of Atom Investors LP's investment portfolio, making the stock its 3rd biggest position. Atom Investors LP's holdings in Microsoft were worth $10,541,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Monumental Financial Group Inc. acquired a new stake in shares of Microsoft during the 1st quarter valued at about $28,000. Grayhawk Investment Strategies Inc. acquired a new position in Microsoft in the second quarter valued at about $104,000. Morgan Dempsey Capital Management LLC acquired a new position in Microsoft in the third quarter valued at about $82,000. Avondale Wealth Management boosted its position in Microsoft by 58.6% in the third quarter. Avondale Wealth Management now owns 406 shares of the software giant's stock valued at $95,000 after buying an additional 150 shares in the last quarter. Finally, John W. Brooker & Co. CPAs boosted its position in Microsoft by 64.1% in the third quarter. John W. Brooker & Co. CPAs now owns 512 shares of the software giant's stock valued at $119,000 after buying an additional 200 shares in the last quarter. 69.15% of the stock is currently owned by institutional investors and hedge funds.

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Microsoft Price Performance

MSFT stock opened at $250.16 on Tuesday. The company's 50-day moving average price is $246.44 and its two-hundred day moving average price is $247.49. Microsoft Co. has a 12 month low of $213.43 and a 12 month high of $315.95. The company has a quick ratio of 1.89, a current ratio of 1.93 and a debt-to-equity ratio of 0.24. The firm has a market cap of $1.86 trillion, a P/E ratio of 27.80, a P/E/G ratio of 2.29 and a beta of 0.92.

Microsoft (NASDAQ:MSFT – Get Rating) last posted its quarterly earnings results on Tuesday, January 24th. The software giant reported $2.32 earnings per share for the quarter, beating analysts' consensus estimates of $2.27 by $0.05. Microsoft had a net margin of 33.05% and a return on equity of 39.87%. The company had revenue of $52.75 billion for the quarter, compared to the consensus estimate of $53.17 billion. During the same period last year, the company posted $2.48 EPS. The firm's quarterly revenue was up 2.0% compared to the same quarter last year. On average, analysts anticipate that Microsoft Co. will post 9.34 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP Judson Althoff sold 24,144 shares of the firm's stock in a transaction that occurred on Thursday, December 1st. The shares were sold at an average price of $254.27, for a total value of $6,139,094.88. Following the sale, the executive vice president now directly owns 150,047 shares in the company, valued at approximately $38,152,450.69. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, EVP Judson Althoff sold 24,144 shares of Microsoft stock in a transaction that occurred on Thursday, December 1st. The shares were sold at an average price of $254.27, for a total transaction of $6,139,094.88. Following the sale, the executive vice president now directly owns 150,047 shares in the company, valued at approximately $38,152,450.69. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CMO Christopher C. Capossela sold 1,000 shares of Microsoft stock in a transaction that occurred on Monday, February 13th. The stock was sold at an average price of $272.32, for a total transaction of $272,320.00. Following the sale, the chief marketing officer now owns 116,362 shares in the company, valued at $31,687,699.84. The disclosure for this sale can be found here. In the last three months, insiders have sold 26,144 shares of company stock worth $6,680,795. Corporate insiders own 0.03% of the company's stock.

Analyst Ratings Changes

MSFT has been the topic of a number of recent analyst reports. Wedbush boosted their price target on shares of Microsoft from $280.00 to $290.00 and gave the company an "outperform" rating in a research report on Friday. UBS Group set a $250.00 price target on shares of Microsoft in a research report on Wednesday, February 8th. Stifel Nicolaus reduced their target price on shares of Microsoft from $290.00 to $275.00 and set a "buy" rating on the stock in a research report on Wednesday, January 25th. Mizuho upped their target price on shares of Microsoft from $280.00 to $300.00 and gave the stock a "buy" rating in a research report on Wednesday, February 8th. Finally, StockNews.com lowered shares of Microsoft from a "buy" rating to a "hold" rating in a research report on Friday, January 27th. One analyst has rated the stock with a sell rating, five have given a hold rating and twenty-seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $285.58.

About Microsoft

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Microsoft Corp. engages in the development and support of software, services, devices, and solutions. It operates through the following business segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. The Productivity and Business Processes segment consists of Office Commercial (Office 365 subscriptions, the Office 365 portion of Microsoft 365 Commercial subscriptions, and Office licensed on-premises), Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, and Skype for Business, Office Consumer, including Microsoft 365 Consumer subscriptions, Office licensed on-premises, and other Office services, LinkedIn, including Talent Solutions, Marketing Solutions, Premium Subscriptions, Sales Solutions, and Learning Solutions, Dynamics business solutions, including Dynamics 365, comprising a set of intelligent, cloud-based applications across ERP, CRM, Customer Insights, Power Apps, and Power Automate, and on-premises ERP and CRM applications.

Atom Investors LP Acquires 42,525 Shares of Microsoft Co. (NASDAQ:MSFT)

Microsoft Price Performance

Insider Activity

Analyst Ratings Changes

About Microsoft

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