Midwest Financial Group LLC Grows Position in Microsoft Co. (NASDAQ:MSFT)

Midwest Financial Group LLC increased its stake in Microsoft Co. (NASDAQ:MSFT) by 3.3% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 9,517 shares of the software giant’s stock after buying an additional 303 shares during the quarter. Microsoft comprises 2.7% of Midwest Financial Group LLC’s portfolio, making the stock its 11th largest position. Midwest Financial Group LLC’s holdings in Microsoft were worth $4,254,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of MSFT. Norges Bank acquired a new stake in shares of Microsoft in the fourth quarter valued at about $35,920,047,000. Vanguard Group Inc. grew its stake in shares of Microsoft by 2.4% in the fourth quarter. Vanguard Group Inc. now owns 664,908,939 shares of the software giant’s stock valued at $250,032,357,000 after buying an additional 15,701,937 shares in the last quarter. Swedbank AB acquired a new stake in shares of Microsoft in the first quarter valued at about $5,587,119,000. TCI Fund Management Ltd. acquired a new stake in shares of Microsoft in the fourth quarter valued at about $4,000,376,000. Finally, Canada Pension Plan Investment Board grew its stake in shares of Microsoft by 77.6% in the first quarter. Canada Pension Plan Investment Board now owns 6,281,925 shares of the software giant’s stock valued at $2,642,931,000 after buying an additional 2,744,900 shares in the last quarter. Institutional investors and hedge funds own 71.13% of the company’s stock.

Analyst Ratings Changes

MSFT has been the subject of a number of recent research reports. Citigroup lowered their target price on Microsoft from $520.00 to $500.00 and set a “buy” rating for the company in a research note on Wednesday, July 31st. Wedbush restated an “outperform” rating and set a $550.00 price objective on shares of Microsoft in a research note on Wednesday, July 31st. Royal Bank of Canada restated an “outperform” rating and set a $500.00 price objective on shares of Microsoft in a research note on Wednesday, July 31st. Bank of America raised their price objective on Microsoft from $480.00 to $510.00 and gave the company a “buy” rating in a research note on Wednesday, July 17th. Finally, UBS Group lowered their price objective on Microsoft from $520.00 to $510.00 and set a “buy” rating for the company in a research note on Wednesday, July 31st. Two 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.com, Microsoft presently has an average rating of “Moderate Buy” and a consensus price target of $494.72.

Insider Transactions at Microsoft

In other news, CEO Satya Nadella sold 78,353 shares of the business’s stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $408.63, for a total value of $32,017,386.39. Following the sale, the chief executive officer now owns 864,327 shares of the company’s stock, valued at approximately $353,189,942.01. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Bradford L. Smith sold 40,000 shares of the business’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $402.59, for a total transaction of $16,103,600.00. Following the sale, the insider now directly owns 544,847 shares of the company’s stock, valued at $219,349,953.73. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Satya Nadella sold 78,353 shares of the company’s stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $408.63, for a total value of $32,017,386.39. Following the transaction, the chief executive officer now directly owns 864,327 shares in the company, valued at $353,189,942.01. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 190,629 shares of company stock valued at $77,916,485. Corporate insiders own 0.03% of the company’s stock.

Microsoft Stock Up 2.1 %

Shares of Microsoft stock opened at $423.04 on Thursday. The business’s fifty day moving average price is $424.91 and its two-hundred day moving average price is $423.06. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.27 and a quick ratio of 1.27. The company has a market capitalization of $3.14 trillion, a P/E ratio of 36.63, a PEG ratio of 2.03 and a beta of 0.90. Microsoft Co. has a 1-year low of $309.45 and a 1-year high of $468.35.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings data on Tuesday, July 30th. The software giant reported $2.95 EPS for the quarter, topping analysts’ consensus estimates of $2.90 by $0.05. Microsoft had a return on equity of 35.95% and a net margin of 35.96%. The company had revenue of $64.73 billion for the quarter, compared to the consensus estimate of $64.38 billion. During the same quarter in the previous year, the business earned $2.69 EPS. The company’s quarterly revenue was up 15.2% compared to the same quarter last year. As a group, 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.