USAdvisors Wealth Management LLC cut its holdings in shares of Microsoft Co. (NASDAQ:MSFT – Get Rating) by 3.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,011 shares of the software giant’s stock after selling 195 shares during the quarter. USAdvisors Wealth Management LLC’s holdings in Microsoft were worth $1,545,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. University of Texas Texas AM Investment Managment Co. lifted its holdings in shares of Microsoft by 1,316.7% during the 1st quarter. University of Texas Texas AM Investment Managment Co. now owns 85 shares of the software giant’s stock valued at $26,000 after buying an additional 79 shares during the last quarter. Monumental Financial Group Inc. acquired a new stake in shares of Microsoft during the 1st quarter valued at about $28,000. Shore Point Advisors LLC acquired a new stake in shares of Microsoft during the 4th quarter valued at about $40,000. Tobam lifted its holdings in shares of Microsoft by 15,400.0% during the 1st quarter. Tobam now owns 155 shares of the software giant’s stock valued at $48,000 after buying an additional 154 shares during the last quarter. Finally, Artemis Wealth Advisors LLC acquired a new stake in shares of Microsoft during the 1st quarter valued at about $68,000. 69.29% of the stock is currently owned by institutional investors and hedge funds.
Microsoft Trading Down 0.3 %
Shares of Microsoft stock opened at $244.74 on Friday. The stock has a market capitalization of $1.83 trillion, a P/E ratio of 25.39, a price-to-earnings-growth ratio of 2.12 and a beta of 0.94. The company has a quick ratio of 1.75, a current ratio of 1.78 and a debt-to-equity ratio of 0.28. The company has a 50-day simple moving average of $269.27 and a 200 day simple moving average of $274.38. Microsoft Co. has a 12-month low of $241.51 and a 12-month high of $349.67.
Microsoft (NASDAQ:MSFT – Get Rating) last announced its earnings results on Tuesday, July 26th. The software giant reported $2.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.29 by ($0.06). Microsoft had a return on equity of 43.31% and a net margin of 36.69%. During the same quarter last year, the firm posted $2.17 EPS. Research analysts expect that Microsoft Co. will post 10.14 earnings per share for the current fiscal year.
Analysts Set New Price Targets
Several equities research analysts recently weighed in on the company. UBS Group set a $330.00 target price on Microsoft in a report on Thursday. Credit Suisse Group set a $400.00 target price on Microsoft in a report on Tuesday, July 26th. JPMorgan Chase & Co. set a $320.00 target price on Microsoft in a report on Thursday, June 9th. Redburn Partners assumed coverage on Microsoft in a report on Wednesday, June 29th. They issued a “buy” rating and a $370.00 target price for the company. Finally, Piper Sandler reduced their target price on Microsoft from $352.00 to $312.00 and set an “overweight” rating for the company in a report on Friday, July 8th. Two analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $334.31.
Insider Buying and Selling
In related news, CMO Christopher C. Capossela sold 5,000 shares of the stock in a transaction dated Monday, September 12th. The shares were sold at an average price of $266.25, for a total transaction of $1,331,250.00. Following the completion of the sale, the chief marketing officer now owns 109,837 shares in the company, valued at approximately $29,244,101.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.05% of the stock is currently owned by corporate insiders.
Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. The company operates in three segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. The Productivity and Business Processes segment offers Office, Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, Microsoft Viva, and Skype for Business; Skype, Outlook.com, OneDrive, and LinkedIn; and Dynamics 365, a set of cloud-based and on-premises business solutions for organizations and enterprise divisions.
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