Phoenix Wealth Advisors Has $9.69 Million Stock Position in Microsoft Co. (NASDAQ:MSFT)

Phoenix Wealth Advisors lifted its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 0.8% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 21,678 shares of the software giant’s stock after acquiring an additional 169 shares during the quarter. Microsoft comprises approximately 4.9% of Phoenix Wealth Advisors’ holdings, making the stock its 3rd largest position. Phoenix Wealth Advisors’ holdings in Microsoft were worth $9,689,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Neo Ivy Capital Management bought a new stake in Microsoft during the 4th quarter valued at approximately $58,000. Richardson Capital Management LLC boosted its stake in Microsoft by 1,290.0% during the 1st quarter. Richardson Capital Management LLC now owns 139 shares of the software giant’s stock valued at $59,000 after purchasing an additional 129 shares during the period. PayPay Securities Corp boosted its stake in Microsoft by 23.7% during the 4th quarter. PayPay Securities Corp now owns 188 shares of the software giant’s stock valued at $71,000 after purchasing an additional 36 shares during the period. Bellevue Group AG boosted its stake in Microsoft by 47.5% during the 1st quarter. Bellevue Group AG now owns 180 shares of the software giant’s stock valued at $76,000 after purchasing an additional 58 shares during the period. Finally, Horizon Financial Services LLC bought a new stake in Microsoft during the 1st quarter valued at approximately $80,000. Institutional investors own 71.13% of the company’s stock.

Microsoft Stock Up 2.1 %

NASDAQ MSFT opened at $423.04 on Thursday. The stock has a fifty day moving average of $424.91 and a 200-day moving average of $423.06. The stock has a market capitalization of $3.14 trillion, a P/E ratio of 36.63, a price-to-earnings-growth ratio of 2.03 and a beta of 0.90. Microsoft Co. has a 52 week low of $309.45 and a 52 week 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.

Microsoft (NASDAQ:MSFT) last released its earnings results 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 company had revenue of $64.73 billion during the quarter, compared to analysts’ expectations of $64.38 billion. Microsoft had a return on equity of 35.95% and a net margin of 35.96%. The business’s revenue for the quarter was up 15.2% on a year-over-year basis. During the same period last year, the firm earned $2.69 EPS. On average, equities research analysts forecast that Microsoft Co. will post 13.04 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Bank of America raised their price objective on Microsoft from $480.00 to $510.00 and gave the stock a “buy” rating in a research report on Wednesday, July 17th. Truist Financial reiterated a “buy” rating and issued a $600.00 price objective on shares of Microsoft in a research report on Monday, June 17th. Macquarie raised their price objective on Microsoft from $460.00 to $475.00 and gave the stock an “outperform” rating in a research report on Friday, May 17th. Citigroup reduced their price objective on Microsoft from $520.00 to $500.00 and set a “buy” rating for the company in a research report on Wednesday, July 31st. Finally, Oppenheimer raised their price objective on Microsoft from $450.00 to $500.00 and gave the stock an “outperform” rating in a research report on Friday, June 7th. Two equities research analysts have rated the stock with a hold rating and thirty-two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $494.72.

Insider Activity

In other news, insider Bradford L. Smith sold 40,000 shares of the firm’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $402.59, for a total value of $16,103,600.00. Following the transaction, the insider now directly owns 544,847 shares in the company, valued at approximately $219,349,953.73. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Bradford L. Smith sold 40,000 shares of the firm’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $402.59, for a total value of $16,103,600.00. Following the transaction, the insider now directly owns 544,847 shares in the company, valued at approximately $219,349,953.73. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Satya Nadella sold 14,398 shares of the firm’s stock in a transaction on 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 completion of the transaction, 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. In the last ninety days, insiders sold 190,629 shares of company stock valued at $77,916,485. Company insiders own 0.03% of the company’s stock.

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.