Alliance Wealth Advisors LLC Sells 44 Shares of Microsoft Co. (NASDAQ:MSFT)

Alliance Wealth Advisors LLC reduced its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 0.5% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 9,410 shares of the software giant’s stock after selling 44 shares during the period. Microsoft makes up about 2.6% of Alliance Wealth Advisors LLC’s holdings, making the stock its 6th largest position. Alliance Wealth Advisors LLC’s holdings in Microsoft were worth $4,206,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in the stock. Meadow Creek Wealth Advisors LLC boosted its position in shares of Microsoft by 5.2% during the 2nd quarter. Meadow Creek Wealth Advisors LLC now owns 11,453 shares of the software giant’s stock worth $5,119,000 after purchasing an additional 566 shares in the last quarter. Ballew Advisors Inc boosted its position in shares of Microsoft by 2.3% during the 2nd quarter. Ballew Advisors Inc now owns 2,381 shares of the software giant’s stock worth $1,081,000 after purchasing an additional 53 shares in the last quarter. James J. Burns & Company LLC boosted its position in shares of Microsoft by 165.5% during the 2nd quarter. James J. Burns & Company LLC now owns 11,074 shares of the software giant’s stock worth $4,950,000 after purchasing an additional 6,903 shares in the last quarter. Highland Financial Advisors LLC boosted its position in shares of Microsoft by 46.1% during the 2nd quarter. Highland Financial Advisors LLC now owns 1,341 shares of the software giant’s stock worth $599,000 after purchasing an additional 423 shares in the last quarter. Finally, Provident Wealth Management LLC boosted its position in shares of Microsoft by 22.2% during the 2nd quarter. Provident Wealth Management LLC now owns 2,389 shares of the software giant’s stock worth $1,068,000 after purchasing an additional 434 shares in the last quarter. 71.13% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Mizuho boosted their price objective on shares of Microsoft from $450.00 to $480.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 16th. Bank of America boosted their price objective on shares of Microsoft from $480.00 to $510.00 and gave the stock a “buy” rating in a research report on Wednesday, July 17th. Oppenheimer boosted their price objective on shares of Microsoft from $450.00 to $500.00 and gave the stock an “outperform” rating in a research report on Friday, June 7th. UBS Group decreased their price objective on shares of Microsoft from $520.00 to $510.00 and set a “buy” rating on the stock in a research report on Wednesday, July 31st. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $500.00 price objective on shares of Microsoft in a research report on Wednesday, July 31st. Two research analysts have rated the stock with a hold rating and thirty-two have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $494.72.

Insider Buying and Selling

In related news, insider Bradford L. Smith sold 40,000 shares of the stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $402.59, for a total transaction of $16,103,600.00. Following the completion of the sale, the insider now owns 544,847 shares of the company’s stock, valued at approximately $219,349,953.73. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, CMO Takeshi Numoto sold 2,500 shares of the stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $411.04, for a total transaction of $1,027,600.00. Following the completion of the sale, the chief marketing officer now owns 50,000 shares of the company’s stock, valued at approximately $20,552,000. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Bradford L. Smith sold 40,000 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the insider now owns 544,847 shares of the company’s stock, valued at approximately $219,349,953.73. The disclosure for this sale can be found here. In the last quarter, insiders sold 190,629 shares of company stock valued at $77,916,485. 0.03% of the stock is currently owned by corporate insiders.

Microsoft Trading Up 0.9 %

NASDAQ MSFT opened at $427.00 on Friday. Microsoft Co. has a 12 month low of $309.45 and a 12 month high of $468.35. The company has a 50-day moving average of $424.24 and a 200-day moving average of $423.09. 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 cap of $3.17 trillion, a P/E ratio of 36.97, a P/E/G ratio of 2.03 and a beta of 0.90.

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

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.