Microsoft Co. (NASDAQ:MSFT) Shares Bought by GPS Wealth Strategies Group LLC

GPS Wealth Strategies Group LLC lifted its holdings in Microsoft Co. (NASDAQ:MSFT) by 1.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 60,768 shares of the software giant’s stock after purchasing an additional 1,006 shares during the quarter. Microsoft comprises about 4.1% of GPS Wealth Strategies Group LLC’s portfolio, making the stock its 7th biggest position. GPS Wealth Strategies Group LLC’s holdings in Microsoft were worth $27,160,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MSFT. Bison Wealth LLC increased its holdings in shares of Microsoft by 0.4% in the fourth quarter. Bison Wealth LLC now owns 47,380 shares of the software giant’s stock valued at $17,817,000 after purchasing an additional 179 shares during the period. Investors Research Corp increased its holdings in shares of Microsoft by 0.4% during the 4th quarter. Investors Research Corp now owns 13,224 shares of the software giant’s stock valued at $4,973,000 after purchasing an additional 51 shares in the last quarter. TNF LLC increased its holdings in Microsoft by 20.4% in the fourth quarter. TNF LLC now owns 2,080 shares of the software giant’s stock valued at $852,000 after buying an additional 352 shares in the last quarter. Mackenzie Financial Corp increased its stake in shares of Microsoft by 9.9% in the 4th quarter. Mackenzie Financial Corp now owns 5,406,870 shares of the software giant’s stock valued at $2,033,199,000 after purchasing an additional 485,689 shares in the last quarter. Finally, Sippican Capital Advisors increased its position in shares of Microsoft by 46.0% in the fourth quarter. Sippican Capital Advisors now owns 2,347 shares of the software giant’s stock valued at $883,000 after buying an additional 740 shares in the last quarter. 71.13% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Microsoft

In other Microsoft news, CEO Satya Nadella sold 14,398 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $417.41, for a total value of $6,009,869.18. Following the completion of the transaction, the chief executive officer now owns 786,933 shares of the company’s stock, valued at approximately $328,473,703.53. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Microsoft news, CFO Amy Hood sold 38,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $410.55, for a total value of $15,600,900.00. Following the completion of the transaction, the chief financial officer now owns 496,369 shares of the company’s stock, valued at approximately $203,784,292.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Satya Nadella sold 14,398 shares of the firm’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $417.41, for a total transaction of $6,009,869.18. Following the completion of the sale, the chief executive officer now owns 786,933 shares in the company, valued at $328,473,703.53. The disclosure for this sale can be found here. Insiders sold 130,751 shares of company stock valued at $53,628,156 in the last 90 days. Company insiders own 0.03% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on MSFT shares. UBS Group dropped their price target on shares of Microsoft from $520.00 to $510.00 and set a “buy” rating on the stock in a research note on Wednesday, July 31st. Piper Sandler reissued an “overweight” rating and set a $485.00 target price on shares of Microsoft in a report on Wednesday, July 31st. Morgan Stanley lowered their target price on shares of Microsoft from $520.00 to $506.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 31st. Argus upped their price objective on shares of Microsoft from $475.00 to $526.00 and gave the company a “buy” rating in a research note on Tuesday, July 9th. Finally, Citigroup decreased their target price on shares of Microsoft from $520.00 to $500.00 and set a “buy” rating on the stock in a research note on Wednesday, July 31st. Two analysts have rated the stock with a hold rating and thirty-two have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $494.72.

Microsoft Stock Performance

NASDAQ:MSFT opened at $414.20 on Wednesday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.27 and a current ratio of 1.27. The stock has a market capitalization of $3.08 trillion, a P/E ratio of 35.86, a PEG ratio of 2.03 and a beta of 0.90. The company has a 50 day moving average price of $425.67 and a 200 day moving average price of $423.06. Microsoft Co. has a fifty-two week low of $309.45 and a fifty-two week high of $468.35.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings data on Tuesday, July 30th. The software giant reported $2.95 earnings per share for the quarter, topping analysts’ consensus estimates of $2.90 by $0.05. The firm had revenue of $64.73 billion during the quarter, compared to analysts’ expectations of $64.38 billion. Microsoft had a net margin of 35.96% and a return on equity of 35.95%. The firm’s quarterly revenue was up 15.2% on a year-over-year basis. During the same quarter last year, the company posted $2.69 EPS. Equities research analysts forecast that Microsoft Co. will post 13.04 EPS for the current year.

About Microsoft

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.