Mission Creek Capital Partners Inc. Has $15.43 Million Stake in Microsoft Co. (NASDAQ:MSFT)

Mission Creek Capital Partners Inc. raised its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 1.0% during the third quarter, HoldingsChannel reports. The fund owned 35,855 shares of the software giant’s stock after acquiring an additional 363 shares during the quarter. Microsoft comprises approximately 3.6% of Mission Creek Capital Partners Inc.’s holdings, making the stock its 3rd largest position. Mission Creek Capital Partners Inc.’s holdings in Microsoft were worth $15,428,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Microsoft by 4.1% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 54,590,791 shares of the software giant’s stock valued at $23,490,417,000 after purchasing an additional 2,125,030 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Microsoft by 1.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 47,229,125 shares of the software giant’s stock valued at $20,322,513,000 after buying an additional 652,493 shares during the period. International Assets Investment Management LLC grew its position in shares of Microsoft by 48,526.1% during the 3rd quarter. International Assets Investment Management LLC now owns 38,501,645 shares of the software giant’s stock valued at $16,567,258,000 after buying an additional 38,422,466 shares during the last quarter. Ameriprise Financial Inc. raised its stake in Microsoft by 0.3% during the second quarter. Ameriprise Financial Inc. now owns 34,511,544 shares of the software giant’s stock worth $15,426,767,000 after acquiring an additional 97,075 shares during the period. Finally, Fisher Asset Management LLC lifted its holdings in Microsoft by 2.3% in the third quarter. Fisher Asset Management LLC now owns 27,904,450 shares of the software giant’s stock worth $12,007,285,000 after acquiring an additional 636,713 shares during the last quarter. 71.13% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on MSFT shares. Guggenheim reaffirmed a “neutral” rating on shares of Microsoft in a report on Friday, January 24th. Citigroup lowered their price objective on Microsoft from $500.00 to $497.00 and set a “buy” rating for the company in a research note on Wednesday, October 23rd. Mizuho cut their target price on Microsoft from $510.00 to $500.00 and set an “outperform” rating on the stock in a research note on Thursday, January 30th. DA Davidson restated a “neutral” rating and set a $425.00 price target on shares of Microsoft in a research report on Thursday, January 30th. Finally, KeyCorp lifted their price objective on shares of Microsoft from $490.00 to $505.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. Three equities research analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Microsoft has an average rating of “Moderate Buy” and an average target price of $510.96.

Microsoft Price Performance

NASDAQ MSFT opened at $415.82 on Friday. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.13. Microsoft Co. has a 1 year low of $385.58 and a 1 year high of $468.35. The company has a market cap of $3.09 trillion, a PE ratio of 33.48, a PEG ratio of 2.21 and a beta of 0.90. The stock’s 50-day moving average price is $431.86 and its two-hundred day moving average price is $423.85.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share (EPS) for the quarter, beating 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 last year, the company earned $2.93 EPS. On average, analysts predict that Microsoft Co. will post 13.03 EPS for the current year.

Microsoft Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 20th will be given a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date of this dividend is Thursday, February 20th. Microsoft’s dividend payout ratio (DPR) is 26.73%.

Insider Buying and Selling

In other Microsoft news, CMO Takeshi Numoto sold 1,000 shares of the stock in a transaction that occurred 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. This represents a 1.71 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Christopher David Young sold 7,200 shares of the business’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $423.66, for a total transaction of $3,050,352.00. Following the transaction, the executive vice president now owns 103,366 shares in the company, valued at approximately $43,792,039.56. This represents a 6.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 41,200 shares of company stock worth $17,383,892. 0.03% of the stock is owned by company 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.