High Net Worth Advisory Group LLC Decreases Holdings in Microsoft Co. (NASDAQ:MSFT)

High Net Worth Advisory Group LLC cut its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 1.0% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 12,883 shares of the software giant’s stock after selling 129 shares during the quarter. Microsoft accounts for approximately 1.7% of High Net Worth Advisory Group LLC’s holdings, making the stock its 11th biggest holding. High Net Worth Advisory Group LLC’s holdings in Microsoft were worth $5,759,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the business. Corundum Group Inc. raised its stake in shares of Microsoft by 8.2% during the second quarter. Corundum Group Inc. now owns 19,092 shares of the software giant’s stock worth $8,533,000 after acquiring an additional 1,447 shares in the last quarter. First PREMIER Bank raised its stake in shares of Microsoft by 4.3% during the second quarter. First PREMIER Bank now owns 23,504 shares of the software giant’s stock worth $10,505,000 after acquiring an additional 977 shares in the last quarter. Patrick M Sweeney & Associates Inc. raised its stake in shares of Microsoft by 3.3% during the second quarter. Patrick M Sweeney & Associates Inc. now owns 10,266 shares of the software giant’s stock worth $4,586,000 after acquiring an additional 331 shares in the last quarter. Meadow Creek Wealth Advisors LLC raised its stake in shares of Microsoft by 5.2% during the second quarter. Meadow Creek Wealth Advisors LLC now owns 11,453 shares of the software giant’s stock worth $5,119,000 after acquiring an additional 566 shares in the last quarter. Finally, Ballew Advisors Inc raised its stake in shares of Microsoft by 2.3% during the second quarter. Ballew Advisors Inc now owns 2,381 shares of the software giant’s stock worth $1,081,000 after acquiring an additional 53 shares in the last quarter. 71.13% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Microsoft news, insider Bradford L. Smith sold 40,000 shares of the business’s stock in a transaction dated 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 sale was disclosed in a legal filing with the SEC, which is available through this link. In other Microsoft news, insider Bradford L. Smith sold 40,000 shares of the business’s stock in a transaction dated 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 sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Kathleen T. Hogan sold 17,378 shares of the stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $411.85, for a total transaction of $7,157,129.30. Following the completion of the transaction, the executive vice president now owns 150,161 shares in the company, valued at approximately $61,843,807.85. The disclosure for this sale can be found here. In the last 90 days, insiders sold 190,629 shares of company stock valued at $77,916,485. 0.03% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Morgan Stanley decreased 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. Oppenheimer lifted their target price on shares of Microsoft from $450.00 to $500.00 and gave the stock an “outperform” rating in a research note on Friday, June 7th. Mizuho lifted their target price on shares of Microsoft from $450.00 to $480.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 16th. BMO Capital Markets lifted their target price on shares of Microsoft from $465.00 to $500.00 and gave the stock an “outperform” rating in a research note on Friday, July 12th. Finally, Argus lifted their target price on shares of Microsoft from $475.00 to $526.00 and gave the stock a “buy” rating in a research note on Tuesday, July 9th. Two equities research analysts have rated the stock with a hold rating and thirty-two have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $494.72.

Microsoft Stock Performance

Shares of Microsoft stock opened at $427.00 on Friday. The stock has a market cap of $3.17 trillion, a price-to-earnings ratio of 36.97, a PEG ratio of 2.03 and a beta of 0.90. The firm’s 50-day moving average is $424.24 and its 200 day moving average is $423.09. Microsoft Co. has a 1 year low of $309.45 and a 1 year high of $468.35. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.27 and a quick ratio of 1.27.

Microsoft (NASDAQ:MSFT) last issued its earnings results 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. Microsoft had a return on equity of 35.95% and a net margin of 35.96%. The business had revenue of $64.73 billion during the quarter, compared to analyst estimates of $64.38 billion. During the same quarter in the previous year, the firm earned $2.69 EPS. Microsoft’s revenue was up 15.2% on a year-over-year basis. Sell-side analysts anticipate that Microsoft Co. will post 13.04 EPS for the current fiscal year.

Microsoft Company 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.