Taylor & Morgan Wealth Management LLC Reduces Position in Microsoft Co. (NASDAQ:MSFT)

Taylor & Morgan Wealth Management LLC reduced its position in shares of Microsoft Co. (NASDAQ:MSFT) by 1.3% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 13,688 shares of the software giant’s stock after selling 183 shares during the quarter. Microsoft makes up 4.3% of Taylor & Morgan Wealth Management LLC’s investment portfolio, making the stock its 7th largest holding. Taylor & Morgan Wealth Management LLC’s holdings in Microsoft were worth $6,118,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Neo Ivy Capital Management acquired a new stake in Microsoft in the 4th quarter worth $58,000. Richardson Capital Management LLC raised its holdings in Microsoft by 1,290.0% in the 1st quarter. Richardson Capital Management LLC now owns 139 shares of the software giant’s stock valued at $59,000 after acquiring an additional 129 shares in the last quarter. PayPay Securities Corp lifted its position in shares of Microsoft by 23.7% in the 4th quarter. PayPay Securities Corp now owns 188 shares of the software giant’s stock worth $71,000 after acquiring an additional 36 shares during the period. Bellevue Group AG grew its holdings in shares of Microsoft by 47.5% during the 1st quarter. Bellevue Group AG now owns 180 shares of the software giant’s stock worth $76,000 after purchasing an additional 58 shares in the last quarter. Finally, Horizon Financial Services LLC bought a new stake in shares of Microsoft during the first quarter valued at approximately $80,000. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on MSFT. Wells Fargo & Company lifted their target price on shares of Microsoft from $500.00 to $515.00 and gave the company an “overweight” rating in a research report on Wednesday, July 31st. BMO Capital Markets raised their target price on Microsoft from $465.00 to $500.00 and gave the stock an “outperform” rating in a research report on Friday, July 12th. TD Cowen upped their price target on Microsoft from $470.00 to $495.00 and gave the company a “buy” rating in a research report on Thursday, July 18th. Wedbush reiterated an “outperform” rating and set a $550.00 price objective on shares of Microsoft in a research note on Wednesday, July 31st. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $500.00 target price on shares of Microsoft in a research note on Wednesday, July 31st. Two research analysts have rated the stock with a hold rating and thirty-two have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $494.72.

Microsoft Stock Performance

Shares of MSFT opened at $414.20 on Wednesday. The firm has a market cap of $3.08 trillion, a P/E ratio of 35.86, a PEG ratio of 2.03 and a beta of 0.90. Microsoft Co. has a twelve month low of $309.45 and a twelve month high of $468.35. 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 firm’s 50 day moving average price is $425.67 and its two-hundred day moving average price is $423.06.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings data on Tuesday, July 30th. The software giant reported $2.95 EPS for the quarter, beating the consensus estimate of $2.90 by $0.05. The business had revenue of $64.73 billion for 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 revenue was up 15.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.69 EPS. On average, analysts forecast that Microsoft Co. will post 13.04 EPS for the current fiscal year.

Insider Transactions at Microsoft

In other Microsoft news, CFO Amy Hood sold 38,000 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $410.55, for a total transaction 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 transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, CEO Satya Nadella sold 14,398 shares of Microsoft stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $417.41, for a total value of $6,009,869.18. Following the sale, the chief executive officer now owns 786,933 shares of the company’s stock, valued at $328,473,703.53. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Amy Hood sold 38,000 shares of the 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 transaction, the chief financial officer now directly owns 496,369 shares of the company’s stock, valued at $203,784,292.95. The disclosure for this sale can be found here. Insiders sold 130,751 shares of company stock valued at $53,628,156 over the last three months. Company insiders own 0.03% of the company’s stock.

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.